Levon Resources Ltd (New) V.LVN

RE: RE: RE: And now we go up in flames

[NorthTea]

jd -- as far as i am concerned the sellers today could care less about grades, ounces, catalysts, fundamentals etc etc -- all they care about is liquidity. The sellers today are throwing themselves off a cliff and taking big losses for sure. They dont care because they are likely large funds/fund managers who are compensated and rewarded by cycling through sectors based on momentum, fad and what their clients want to hear. I do not believe for a moment that the sellers (the large ones - scotia, bmo, anonymous) are individuals -- we are watching the great fund managers of the world and what they do with other people's money -- they get in at $1.95 and then jump ship at 49 cents....do you need a CFA or MBA to do that?

Like you and everyone else i am beyond belief at where we are at - not that it is any consolation but the entire junior market has been destroyed...we are part of a club we dont want to belong to.

The only upside i see coming - potentially soon (3-5 weeks?? my guess) is that an updated resource report should be coming out -- if you look at old posts of mine i said then and say now that the update will likely look like more of the same - unlikely earth shattering, but should increase the overall size. In the past when we were at $1.50 i was concerned that more of the same might beget some selling....now i wonder if more of the same will stem the selling and instill more confidence in the market in general...we will see, but i believe we will see good things from the market once we get an update and more consistent news flow from levon.

best to all