RE:RE:Site visit by Old Gold. The video shows nothing. Some piles of dirt and core samples that look like they could be from any exploration. I don't see pictures of oldgold or even hear his voice. And none of the information in it is new. It would be illegal for loncor to give any information that the rest of us don't have access to. I've gone quiet because there's nothing more to say. Look at the stock price. If loncor is so great then why are we languishing?
GoldenEra wrote: Big move coming in Loncors share price. Barrick In the background waiting to pounce if this runs away from its site.
Watch this video BrainDead. It’s why 1kgCoffee has gone quiet. OldGold went to site and saw it for himself while the rest of us are in lockdown back in Canada. I challenge you to fly to DRC and do the same. You’re too chicken!! Only OldGold has that spirit Of adventure and is looking out for us small investors. He shows what could Be the richest goldbelt in the world.
80 cents in the next 2 weeks.!!
OldGold wrote: I can not believe how cheap this stock is, there is no reason I can see why it should not be at least twice the cap it is. With a MC of around $50 million USD and an attributable resource of some 3.3 million oz of gold, and growing, that equates to a tiny $15 USD per oz per share.
When compared to others in the sector, such as Golden Star, Loncor is only one third the value. So, I decided to have a much closer look, and have put a video together of their Adumbi Hill project in the Democratic Republic of the Congo. There is simply nothing not to like, a resource of over 3.3 million oz at a great grade of over 2.5 g/t. The resource is still growing as drilling continues, heading towards a world class tier-1 resource of 5 million oz. The second largest gold miner in the world, Barrick Gold has entered a Joint venture with Loncor, as they must believe a tier-1 mine is on the cards as well.
It has been a big week for Old Gold, the Congo is amazing, I had no idea how beautiful it was. If anyone is looking for some place different for a holiday, I can defiantly recommend the DRC.
I would like to extend a big thank you the team on site for their hospitality last week. The DRC is a beautiful country. Will post more later when I have time.