RE:Let me remind you of the fact. Nothing but the factsFor those that missed my post yesterday. Find below a refresher. It seems that the bloated pig is hanging by the thread. The asks are stacked to 58 cents. Only one way to go. I will be back in the evening to see how everyone made out.
OMshantiOM wrote: For the last few weeks, LG was pumped to $1.03. That pump coincided with the whole sector also moving up. Most junior plays Like LIB, MMJ, UMB, CHV ETC all went as high as a dollar. While most have them have recovered well, LG has kept going down. Lets look at the last few News Releases:
1. Creso JV - share price tanked as a result
2. Blockchain news - Once again, fluff news that did nothing
3. Much awaited AAA news - Price tanked
4. Green pharma share increase - no one know who or where Green pharma. Again share price tanked.
As you will see, all the news release above did nothing, and now all your hopes are resting on HOH which is no where near or close to what they have promised.
The share price tanked to 43 cents, yes thats right, 61 cents lower than the high of $1.03 2 weeks and bounced off the 50 day moving average and had a run to 65 cents on no news. Let me tell you that is nothing but a dead cat bounce. IT CLOSED YESTERDAY AT 64 CENTS AND OPENED AT 60 CENTS TODAY. Mark my words, LG will open in the 47 to 49 cent range tomorrow and be back down to the 40 cent range. This has only 1 way to go and thats down.
There you have it folks, nothing but the facts. The 4 points i stated above, no one can argue that the share price tanked after every news. With over 300 million shares and more coming as more loose paper comes available later on this year, this has only 1 way to go.