Another LVN update Newsletter From Lebed:Levon Resources (TSX: LVN) has a large and rapidly growing following of investors that are looking to take a position in the immediate future. AfterFriday's 46.3% gain to a new 52-week high of $0.49, with LVNclosing up 37.3% to $0.46 - a brief consolidation phase was only natural as some profit taking occurs while investors on the sidelines patiently await a pullback and bottom confirmation.
LVN reached an intraday low earlier today of $0.38 that I believe is the bottom. It represents a 29% pullback from LVN's 52-week high set on Friday of $0.49. Look for LVN to rally big into the close and finish today in the green!LVN is unlikely to break $0.50 today, but it's inevitable that LVN will breakout above $0.50 and explode any day now. LVN could gap up big tomorrow morning after a strong close today.
With four LVN insidersbuying big in recent months, there's an excellent chance that LVN's Cordero resource update will surpass our highest expectations.
LVN just launched a
new web siteconfirming that their
Cordero resource update is coming
very soon with a HUGE silver resource increase expected (it also says that recent drilling results were better than anticipated). It includes a
new presentationconfirming that
major gold/silver miners have been expressing HUGE interest in Cordero and signing NDAs with
LVN to perform their own due diligence on the project. After the
Cordero resource update is published,
LVN will likely become a
major takeover target - with
Goldcorp (GG) and
Newmont (NEM) two of many potential suitors.
We are at the beginning of a new medium-term bull market for gold/silver stocks and during the last medium-term bull market from late-2008 through mid-2011, the largest percentage gainers were gold/silver exploration stocks. However, gold/silver exploration stocks are also a lot more risky than producing gold/silver miners. To eliminate this risk, we need to focus on well funded exploration companies, with large gold/silver resources, inpolitically stable regions.
Mexico is the #1 strongest region for silver miners/explorers in the world. Our biggest winners during the last bull market were Mexican gold/silver stocks.Out of all Mexican gold/silver exploration stocks, LVN has the #1 largest cash position and #1 lowest enterprise value per indicated silver equivalent ounce. LVN is my pick to become our #1 largest percentage gainer throughout this new bull market.
Remember, LVN also trades in the U.S. under the symbol LVNVF.
Jonathan Lebed