GREY:LVNNF - Post by User
Comment by
bunjejumpon Oct 12, 2012 2:52pm
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Post# 20478773
RE: Now a surprised shareholder
RE: Now a surprised shareholder I think it is worth remembering that the LVN is both a silver and gold as well as lead and zinc company. Majors look for gold deposits to help pay for the extraction of other metals. We are at a point in the resource market where additional gold oriented assets can be acquired at very reasonable prices due to our cash position. If these resources are located near Cordero and can add shareholder value and demand amongst majors to buy our assets, then I see that as a good thing.
Drilling can soon begin on the Aida claim to see how that rounds out our existing resource. It also basically removes the 30% limitation from the PEA.
From what I have seen since I first became involved back in 2010 is a lot of accomplishments by management against a sound strategic game plan. Step by step they are improving shareholder value. They just don't happen to be stock promoters or braggerts in the mode that a lot of short term traders like to see. This is really not a good trading vehicle, it's an investment vehicle. Mangement has committed substantial funds of their own, just like the rest of us have, because they believe in what they are doing. They also manage our cash well. Isn't it amazing that Valley High left a potential tax refund behind that will basically cover the purchase of the Aida parcel?
Let's give them the time and the opportunity to carry out their game plan. Designing this project for the potential buyer of the company or the Cordero project is far more important than placating short term traders looking for news events to drive short term trades. There are pleanty of other resource stocks out there for the short term traders, this just doesn't happen to be one of them.