OTCPK:LGCUD - Post by User
Comment by
rationalexuberanceon Oct 11, 2014 11:36am
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Post# 23021479
RE:Strategic alternatives
RE:Strategic alternativesit seems to me that the company is doing its best, the 20,000 oz is in line with the 75-80,000 oz guidance last quarter, they raised most of their money through share issues not through debt
you can argue that the people at sandstorm, not luna, are the ones who don't know what they're doing (ie. buying shares 6 weeks ago)
the current sell-off in gold stocks the past month is industry-wide; the increase of the US dollar is the main reason gold initially fell but if you look at gold in Cdn dollars, gold is definitely showing some strength; still, most people think the price of gold is the US price and don't consider currency exchanges
i still have not been able to confirm anywhere on sedar the 62,000 oz payout that an individual blogger said LGC has to pay
gold stocks are oversold right now despite the price of gold in cdn dollars holding strong; the selloff is unwarranted imo unless gold hits a new low in REAL TERMS