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Leagold Mining Corp LMCNF

Leagold Mining Corp is an exploration stage company. It is engaged in the acquisition of gold mining operations and advanced-stage development projects with a focus on Latin America. It has four operating mines namely, Los Filos Mine; RDM Mine; Fazenda Mine; and Pilar Mine. The firm operates in two geographic locations: Mexico and Brazil.


OTCQX:LMCNF - Post by User

Comment by peregrine3on Nov 12, 2019 9:46pm
187 Views
Post# 30342960

RE:A lot of Negativity about Brazil

RE:A lot of Negativity about BrazilGood points and certainly you can expect gold producers to have some problems - but LMC might need time to sort out these issues. As you mention, there is potential and some interesting reasons to own LMC but they're going to have to iron out the kinks quickly. At the end of the day, the market is going to decide what this is worth - and that same market has gone from impatience to intolerance for medium/large sized gold producers who have done acquisitions that underperform. Right now the market is saying this stock is worth $1.95 - that's kind of tough on longs who recently bought up near $3
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