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Bullboard - Stock Discussion Forum Loncor Gold Inc T.LN

Alternate Symbol(s):  LONCF

Loncor Gold Inc. is a Canadian gold exploration company. The Company is focused on projects within an approximately 480 square kilometers (km2) area on the Ngayu Greenstone Belt in the Northeast of The Democratic Republic of the Congo (the DRC). The area is located over 220 kilometers southwest of the Kibali gold mine, which is operated by Barrick Gold (Congo) SARL. It owns or controls a... see more

TSX:LN - Post Discussion

Loncor Gold Inc > Jurisdiction
View:
Post by JPGOLD on May 03, 2022 5:17pm

Jurisdiction

Givemeabreak..
 
Again, no one is saying the DRC is without risk. It is not for everyone. The fact is Barrick, Anglogold, Ivanhoe, Glencore, Denham Capital, Zijin, CITIC, China Moly and others have collectively invested tens of billions in the DRC. These companies have built world class mines and are growing in the DRC, making money.  I think they are smart. I do not understand what motive you have in continuing to ignore these facts instead dwelling on any negative article, relevant or not, in an attempt to support your narrative.
 
Why not mention the risks of operating in Tier one jurisdictions? Northern Dynasty’s Pebble project in Alaska, Rio Tinto/BHP’s Resolution project in Arizona, Novagold/Barrick JV in Alaska, Noront’s ring of fire project in Northern Ontario to name a few, have all experienced environmental opposition and government refusal to issue critical permits. Some of these projects have been stalled for over 20 years. Every jurisdiction carries an element of risk.  
 
I do agree the share price of Loncor is totally overlooked partially due to its jurisdiction but more importantly the state of the junior resource sector which has virtually no buying. Investors are not stupid, just focused elsewhere. LN has signifcant value. It is too big to ignore.  

GLTA

Comment by givemeabreak1 on May 03, 2022 7:06pm
JP  Make up you mind?  Your last post said how to say the DRC was one of the riskiest countries was simply not accurate.  Now you are contradicting yourself saying no one said the DRC is without risk yet that is what you just finished saying.  Typical retail investor alway getting confused and saying how the stock is overlooked follow by insinuating that anyone who post ...more  
Comment by givemeabreak1 on May 05, 2022 2:30pm
JP You should be happy that despite whatever narative you seem to think I finally pulled the trigger on some shares today.  The only narative I have is the price per share has to meet my perceived value per risk assesment.  So now that I am a shareholder everything I said is still true!
Comment by JPGOLD on May 06, 2022 7:33am
Bravo! You managed to buy LN very cheap.   African acquisitions are heating up. What do think about Sudan? It had a coup last fall and is on the Sanctions list.  Yet Perseus Mining, a successful Australian with market cap of AUS $ 2.4 Billion producing over 500,000 oz annually from African projects is acquiring Orca Gold and its 70% owned Block 14. They own 2,800,000 attributable oz at 1 ...more  
Comment by SNgu8000 on May 16, 2022 3:03pm
https://www.mining.com/web/once-forsaken-copper-country-is-back-in-the-spotlight/?utm_source=Copper_Digest&utm_medium=email&utm_campaign=MNG-DIGESTS&utm_content=onceforsaken-copper-country-is-back-in-the-spotlight
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