Levon Resources Ltd (New) V.LVN

Primary Symbol: LVNVF

Metals & Mining Industrial Metals & Minerals

Levon Resources Ltd is a Mexico based company which is engaged in the mining business. The company is involved in silver, zinc, lead, and gold mining but majorly focuses on only silver mining. In terms of revenue, the organization receives more revenue from their Cordero project. The company restricts itself only in Mexico and does not exports.

OTCQX:LVNVF - Post by User

Levon Resources Ltd (New)

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Comment by SirBundoloon Feb 15, 2012 12:51pm

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Post# 19537976

RE: Volume

Agreed jd.jd - no drilling results since last June is a red flag although I personally believe that they are OK. Having $60 million in the bank and therefore no need for funding seems to make for a tardy IR news output. This lack of drilling news would make a lot of investors wary. Also, the seemingly never ending European debt crisis is a factor for many of the juniors.

IMHO, events that will move this stock are: a positive updated resource which is due soon; positive phase 4 drill results notably in the Valle and Mesa target areas; more analysts coverage; an increase in the price of silver and maybe a hint of a major snooping around. Note that Pan American Silver has just bought Minefinders which is one of our neighbours. All of the above is IMHO.

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