RE: RE: RE: RE: RE: RE: Sold everyhting i too am long lvn -- first got involved about 2 years ago around 65 cents...bought more on the way up so my cost is above a buck...here we are 2 years later with silver prices almost double what they were then, a 43-101, premliminary pea, 60m in cash etc etc and we are back at the same price. clearly the market is absurd here. like gheet i am loaded with this and am not buying more at this time simply because of my cash situation. i feel the same frustration as all of you -- but maintain my conviction that this is a massive deposit that is growing and will only become more valuable each day we drill. personally i believe that we should be trading closer to the $1.40/50 range right now (given general turmoil etc)...but the market clearly has other ideas ;)
mgmt is executing, the deposit is economic but the general headwinds in the stock market are hurting us, so is general investor sentiment in the commodity space right now, so are some panicky sellers who are jumping ship no matter what.
all of this noise can change on a dime -- if and when they hit gold, higher grades, update the resource significantly, commodity price changes, sentiment, new investors etc
patience is a real virtue here -- we would all do well not looking at the daily price action but rather focus on whether they are executing to plan...which they seem to be doing.