Leagold Mining Corp LMCNF

I'm out

[peregrine3]

LMC has gone "parabolic" and hit 100% & 138% Fib. extension levels on my chart - while overbought could become more overbought, a pullback at some point is inevitable. I usually don't buy/sell on a Monday but I was in at $3 and obviously had the timing wrong. The company has great management, shareholder support, reserves, production profile, etc. etc. - there's lots of potential value here but jurisdiction is going to be one of the most important factors going forward in this gold bull market. I listened to the most recent conference call and didn't feel that management provided a detailed explanation on the Mexican tax issue. There's a more compelling argument to invest in gold miners/developers with projects in Ontario, Quebec and the US. Good luck to all longs..