Levon Resources Ltd (New) LVNVF

Halt lifted

[spitfire191]

Was Levon traded after the news and halt lifted?

i would hope to see a greater bounce than what we got... 33 million shares, 78 mil yr profit for 29 yrs...looks good to me.  What are all your thoughts on this?  500 mill to build a mine seems pretty cheap, lower risk investment for a miner to take out

[spitfire191]

Sorry meant 133 mil shares plus another 2 or 3 mil warrants

[Heywood_Silvers]

$700M NPV, not too shabby!  What happens in an environment of $40 Ag and $2,000 au?!

[LRGreturns4me]

$700M NPV, $40M market cap and nobody wants to own shares. There are no buyers. Why do you think that is? If the answer is the price of silver, I can't agree, because what happens to the existing producers at $40 silver?  This will be the last silver deposit to go into production, if it ever does. Not a fan of management, looking for an exit opportunity. Fortunately, I will still make a

[hermes]

This post has been removed in accordance with Community Policy

[Heywood_Silvers]

If silver could be maipulated back to $5 ala the year 2000 I may actually believe your forecast about ten cent shares.  The only problem with your logic is that, with Ag miners' cost of production barely below $16, how is it conceivably possible that there would be enough long-term supplies in the market to pick up the slack for all the primary silver suppliers shuttering their businesses

[LRGreturns4me]

Hermes - I am now totally out. I have only been holding since Jan/Feb of '16, so I have made an acceptable ROI . After the SP breaches .20 and there is still no activity as far a an advancement strategy for the project I may look to re-enter in the mid-teens.  Good luck. LRG 

[Heywood_Silvers]

Pray tell, which stock represents "greener pastures" for you?  LVN is a 10 bagger from these low levels if you have patience.  So, you must be banking on something else being a 15 bagger or higher?

[LRGreturns4me]

Heywood, I respect your opinion and agree that one day the owner of this deposit will realize its full value and potential. I do not have confidence in current management and I have learned to trust my gut when things don't feel right.  I have many reasons to have made this decision and could return at a lower poin or if LVN Management outlines some strategy of advancement foreword. In

[seanyboy]

LVN represents a stunning value now, assuming you can wait for silver to get past $25. The value of this desposit goes exponential beyond that. That's the strategy - hold the asset and wait for its value to appreciate. Management has been totally clear and consistent. There are no major "forward" steps to take besides waiting for the price of silver.  If you have any doubt