GREY:LEWCF - Post by User
Post by
Bentonstockson Feb 26, 2008 9:13pm
232 Views
Post# 14550737
The scruf and stippy Show...
The scruf and stippy Show...There are tears of laughter rolling down my cheeks as I write this... We are under attack by two characters called scruf and stippy... Oh no we are doomed!
scruf... behave. dad. What is your example - the company you mention?
stippy, I think you should reread my posts. I have never said that higher grade would not be great, or would not attract more attention. In fact, I discuss this potential in my "Taking Stock" post. Given the fizzle of the recently announced inferred resource, that is pretty obvious, but is does not change the econmics of teh Gamma resource.
The market does all sorts of irrational things all of the time, if the recent general global market activity is any indicator, so obviously the values it assigns companies are not always right. That is why analysts develop opinions about companies that are undervalued and argue why they are, while setting higher price targets. There are literally a myriad examples of this...
Right now LWC is being valued by the trading of a bunch of panicky retailers, and this arguably is not truly representative of LWC's value.
Clearly, the institutions who hold 45% of LWC want to see more tonnage and probably higher grades to ignite their buying appetite, so until that happens, LWC will languish on low volumes as retailers move in and out of the stock.
Regards,
B.