Levon Resources Ltd (New) V.LVN

reality needed but some hope in zinc

[cypress44]

Well here I am again….
 
It is doubtful LVN will move up substantially from here as a silver play, silver is due to remain at current prices ($20-$22)  for a while. Alas the delayed acquisition of the aida claim has extended the torture for almost a year, not helped by an uncertain metals market.
 
There is hope in zinc, as 3 large mines are due to close this year which is estimated to reduce global zinc production by 5-10% and analysts expect a zinc rally due to increased use: galvanizing, batteries, renewable energy technologies. As a result one of the largest zinc producers is now interested in LVN, and are waiting for the resource report due out in the next couple of months.
 
As for why canaccord/bankers do as they do, LVN has been a tax wright-off for many, hence brokers not getting behind the stock, in addition there has been nothing to get behind. The stock market has been on an upward drive over the last 3 years, LVN has been on a spiral down.