Levon Resources Ltd (New) V.LVN

NO THE FLOWERS ARE NOT COMING BACK JUST YET

[cypress44]

I beg to differ, silver wheaton's share price moves with the silver price, any price movement in LVN is people taking a gamble or getting out, as it hardly trades. we are almost at cash value and owning a decent holding, it is turning into my nightmare.

it is now common knowledge in the mining community that LVN has got bogged down finalising this land claim and the whole thing has turned into a family spat (literally) and could grind to a halt. as a mining buddy i met with in Toronto who travels to Mexico said - they may have 'the largest known silver resource' but the chances of them getting the drills back on the ground and exploiting it in the near term is unlikely - at which point i almost spat out my corona!. he did hear talk of potential shorts at the 50c range at the beginning of the year when the deal was supposed to be going through which is alarming.

if this drags on and we get to the tax loss selling season, then LVN is done as a legitimate play. they are sitting on $50m of shareholder cash which they had better start using for something, common sense would say that have a contingency plan if cardero is delayed, let's hope so.