Loncor Gold Inc T.LN

last 24 months

[mferguson71]

Let's take a step back and look at the developments in the last two years. To myself as a shareholder I am very happy with from an exploration standpoint. It has actually exceeded my expectations to grow the ounces so quickly. But like most other stocks there have been disappointments as well. Price action after the PEA is certainly on the for front. But my question remains the same to other investors. Has the story changed at all? No. As of right not it has gotten better. We knew years ago this was a discovery that would eventually be sold (ever since the Barick JV) My view on the company has not changed. Keep in mind majority of the resource sector has been in a slow grind lower from their summer rallies. No panic on this from myself... at least not yet. The DRC Risk is the same as it was when I invented in the stock. Good luck to all patient longs.

[nozzpack]

That is correct. I invested because Adumbi looked to be a clone of Kibali .....same lithology and structural environment dominated by BIF. Nothing has changed that assumption. Most do not recognize that Reserves contain the highest grades. Even with only Indicated and Inferred Resources, Adumbi compares very favourably with Kibali at its early production stage. So, we have another Kibali here

[1kgcoffee]

You may be right about whats in the ground, but balance sheet trumps everything. Lets look at this rationally point by point: -To stay solvent, and do further exploration, Loncor will have to massively dilute. Resolute will have to sell their stake. The only reason they don't is because doing so will crater the price. Catch 22. There are no buyers and significant downward pressure. 

[nozzpack]

I based my analyses on my own calculations. Those were pretty close to what emanated from the PEA, so I am satisfied with the status of the resource and grade level. It is as close to a Kibali clone as you can get . Its true the PM sector has taken a hit but it will come back, as the IT sector is now looking for somewhere else to invest their cash. That is outside my power. As for cash, they can

[mferguson71]

If gold isn't in your favourite commodities to own I guess that answers all your questions about Loncor. Especially since it is a exploration company. It is not a surprise that explore co s need to raise money..drill. increase resource... repeat and either take it to production or sell. You are absolutely correct though. There are alot of very good free cash flow companies out there today. I