OTCQX:LMCNF - Post by User
Comment by
mercedesmanon Aug 27, 2019 10:38am
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Post# 30069669
RE:I'm out
RE:I'm outGood luck Peregrine.
While it may very well take some doing (consolidation) for LMC to clear the old recent highs, between $ 3 and $ 3.40, but I'm confident it will do so. Back in 2016 the gold rally stalled at $ 1400. This time we are well over $ 1500 and climbing. LMC has a clear pathway to 600,000 to 700,000 oz. and as such should re-rate with a market cap into the multi-billions (currenlty sub $ 1 B) as they execute on the plan (and the Mgt team has an excellent track record of execution)
If I may say, your experience (buying in a $ 3) is a perfect example of why stocks stall at old/recent highs, before resuming thier uptrend. IMO, once this level is cleared, it's clear sailing to $ 4, $ 5 and beyond.
MM