GREY:LRESF - Post by User
Comment by
AllDutch1234567on Oct 03, 2014 5:17am
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Post# 22994582
RE:RE:RE:RE:NEWS OUT!
RE:RE:RE:RE:NEWS OUT!Hi Stooge, thanks for your reply.
Personally I think that share price performance, especially short term, and Lakelands work in progress are not in sync. You see this with other Uranium stocks, for example Fission. Look at their charts in contrast with the exciting PRs they are sending out. The opposite of what you'd expect.
The reason for collapse of the Gibbons Creek deal was that Declan wanted to change the terms of the agreement. They wanted to spent less on drilling this year, thereby effectively slowing down the project. Funds were allocated to some of their other projects. Lakeland could not agree to that.
My only point of critisism has to do with the timing of Lakelands PR. It should have been released before or on the same day Declan reporterd on termination of the Gibbons Creek deal. This delay created a vacuum resulting in the share price to drop. A contingency plan should have been in place.