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Lakeland Resources Ord LRESF



GREY:LRESF - Post by User

Comment by highrideron Mar 27, 2014 9:21am
121 Views
Post# 22374638

RE:RE:RE:Facts?

RE:RE:RE:Facts?Longnstrong " ...     welcome aboard.   I see you are new to Stockhouse as of yesterday.  As far as .18 cents being a huge opportunity ( right now ) then I would have to differ.     You possibly havn't followed the trading lately as the share price is in a downwards trend. If you look at the chart you can see this " Longnstrong".    
    You mention about their " proven track record ".     Possibly you could list some of Lakelands other projects ( on the bullboard for all to see )  that have been proven out  as I can't seem to find any and it looks like she could end up using a shot in the arm about now.
    Right now it is very difficult for penny stocks that have no other proven projects .   They have to prove that they actually have something.and with Lakeland  they will need some very good drill results because of the low percentage of the property she will end up with compared with most other companies in the same field.  
    Also when you look at the Level 2 she looks like .15 cents could be the bottom in the short term but without good drill results then she could end up in the single digits very quickly . 
   Don't forget how expensive it is to drill in the north Athabaska area as the uranium is found at the basement level which is 400 - 600 meters deep.    Therefore lots more financings will be required over the coming years in order to prove up reserves.
   Also remember that at .15 cents the people that did the flow-through shares are still in the money because of their 40% tax break on flow-through shares.    Anyways  would advise you to use a little caution here  " Longnstrong "  as it looks like a lower share price could be on the horizon here.
 
   
   Level 2 Quote
Market Maker Shares Bid Price Ask Price Shares Market Maker
  10,000 0.190 0.190 50,000  
  52,500 0.180 0.195 1,000  
  22,500 0.175 0.200 116,000  
  35,000 0.170 0.210 44,500  
  4,000 0.165 0.225 4,000  
  75,000 0.160 0.235 33,000  
  34,500 0.155 0.240 25,000  
  83,000 0.150 0.250 20,500  
  1,000 0.145 0.260 15,000  
  12,000 0.115 0.265 19,000

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