OTCQX:LVNVF - Post by User
Post by
cypress44on Oct 16, 2013 8:31am
220 Views
Post# 21819068
pullback expectations
pullback expectationsresults from Aida drilling will not be ready 'till feb, the feasibility study will follow thereafter, so don't expect much news 'till early 2014. despite things being down with tax loss selling etc, this is an OK time for them to be drilling.
the price of silver / metals does not have to high for a takeover. the general consensus is that silver will go up in 2014/15 and companies purchase on potential forward earnings and market forceasting. the initial target of $5 a couple of years ago is now looking like +/-$2.50
there have been 9+ companies interested in Levon over the last 4 years, most have dropped off less a recent producer with a similar project. in addition the diversification of silver use has increased along with reduced production, which bodes well for the price.
onwards and sideways