Loncor Gold Inc T.LN

Alternate Symbol(s): LONCF

Metals & Mining Gold

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 contiguous block of 46 exploration permits covering an area of over 13,000 km2 to the northwest of Lake Edward in North Kivu province. The Adumbi gold deposit is found within the Company’s 84.68% owned Imbo Project area. At the Imbo Project, the Adumbi deposit holds an indicated mineral resource of 1.88 million ounces of gold, and the Adumbi deposit and two neighboring deposits hold an inferred mineral resource of approximately 2.090 million ounces of gold with 84.68% of these resources being attributable to the Company.

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Loncor Gold Inc

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Comment by Electrum.jkon Apr 01, 2011 12:28pm

205 Views

Post# 18373570

RE: RE: RE: RE: RE: Banro / phirang

Thanks ATHEC:

You do explain some of the weakness in Ln..
But if these Cronies are going to make a buck or two by exercising their ""performance"' OPTIONS the stock will have to trade in the $ 4 buck plus range.. And the 23 million buck financing @ $ 2.35 was at an attractive price, so even Newmont bought..

Puzzled to see good DDH results and see the stock trade 15 Cents above the $2.35 financing..

P.S. Maybe the Cronies are old and burnt out..

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