Levon Resources Ltd (New) LVNVF

Weakness in Sp

[cbew]

Relax people. I was able to get some info. from IR on why the sp has been weak lately.  Apparently, a large shareholder is reducing his holdings in LVN ( wasn't given the reason why ) and a deal was being arranged by management to obtain all his shares.  Once this is done ( i was told it would be very soon ) the large overhang on the market should clear and the sp should rebound.  This low sp is temporary and has nothing to do with the merrits of the project.  Nothing to do with management or the firm they signed on to promote the project.  It is what it is so take advantage of the low sp because it won't last long IMHO.

[Silverfreaky]

Maybe.But otherwise this large shareholder expect not much in the near future.Otherwise he would not sell...

[frewil11]

Yes this investor is figuring that that Silver prices are going to be stuck down here for alot longer or he would not be selling , because if Silver was trending up then Levon would also be.

[cbew]

Well i don't blame him.  Ag prices have been stuck in this range it seems forever..  But nothing stays the same forever and if u believe Silver prices are headed way up then LVN is the place to be.  We have the goods here and all it takes is Ag to be over $20/oz for this to take off.  My bet is we are going to see this happen this year..  I have my money where my mouth

[LRGreturns4me]

Silver has only been over $25 for 47 months in all of time. If you believe it will rise above $25 and remain there for the life of mine, you are definitely optimistic.  

[seanyboy]

That's an odd way of looking at it. There are ways of capturing the value of silver +25 over the mine life, such as hedging in the futures market. That's going to be sorted our by the future owner/operator of the mine, which will not be Levon. I for one would call myself pessimistic on the long-term value maintaining power of fiat currencies, especially the USD. When confidence in it goes

[LRGreturns4me]

I do not disagree, the post I replied to indicated the price of silver is "stuck down here" but a 15y  chart shows this is the range for 11 of those 15 years with the big run up as an anomaly. We all see a rise but $25 is the profit point and everyone seems to expect $40+ silver sustained. I am not that optimistic, and my money wanted me to take profit and move elsewhere. I'm

[seanyboy]

I understand you better now LRG. I remember when silver was stuck between $4-6 for years, and I'm not particularly old. Like other investors here I expect higher prices and I think $40+ sustained is quite likely. Imagine telling an Ancient Roman that the hourly wage of menial labor in Seattle is worth an ounce of silver, a day's work being worth 8 ounces. That's using today's

[silverT]

I was in LVN a year or so ago...reason I left was the company explained the price to be profitable had to be at $25/oz . So ya whats the point of a billion oz's but such a low grade.

[Heywood_Silvers]

SUCH a low grade?  Please allow me to correct you.  I calculated a weighted average grade between the M&I and then converted that to a gold equivalent using a conservative 50:1 silver to gold ratio.  I ended up with 0.8 g/pt gold grade.  You know what the average worldwide gold mine grade is?  It is about 1.0 g/pt.  So, if LVN is about 0.8 and the average is

[cbew]

According to their updated PEA we need Ag to be $20/oz to result in a NPV of 438M.  or approx. 438/140 M shares = $3.12 per share.  We just need Ag to break above $17.50 and excitement will once again return to LVN.  My prediction is that we will see silver prices over $20 before Dec/18 and new all time highs in 2019 and LVN will be bought out within the next 2 yrs.  

[hermes]

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[Heywood_Silvers]

You would've said the same thing back in 2010 if someone told you ag would hit $50 I am sure.  Who would've won that bet?!

[hermes]

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