RE:RE:Reversal - I dont think soDwall - First of all, the HOH news is dependent on the SA government. There is way to much political clout there for the permits to be issued. Secondly, the HOH news, if and when it comes, wont be as big a catalyst as the pumpers are making it out to be. For the longest time, with each and every NR this pig comes rite back down. First it was the AAA update. That did F all. Then it was the Cresco JV announcement. That turned out to be another dud in terms of share price going up. Now the big pump is around the increase in % ownserhip of the austrialian counterpart. That too will do nothing. All this shows that there is increased loss in investor confidence. For it to hit $1 and be down 50% is crazy. Let me say that one more time incase it didnt sink in:
LG is down almost 50% from its high of a $1.03 a few days ago - That is unfair to the investors.
Lets look at who else hit $1 recently. Lib, hit $1 and then consolidated in the 90, and now sitting at the 80 cent range. Overall consolidation of 20 - 25%. MMJ hit 80 cents 10 days ago and now consolidating at the 60 cent range. Thats a consolidation of 25% below the high. Now go back and look at LG. 50% reduction is UNACCEPTABLE.