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Loncor Gold Inc T.LN

Alternate Symbol(s):  LONCF

Loncor Gold Inc. is a Canadian gold exploration company. The Company is focused on projects within an approximately 480 square kilometers (km2) area on the Ngayu Greenstone Belt in the Northeast of The Democratic Republic of the Congo (the DRC). The area is located over 220 kilometers southwest of the Kibali gold mine, which is operated by Barrick Gold (Congo) SARL. It owns or controls a contiguous block of 46 exploration permits covering an area of over 13,000 km2 to the northwest of Lake Edward in North Kivu province. The Adumbi gold deposit is found within the Company’s 84.68% owned Imbo Project area. At the Imbo Project, the Adumbi deposit holds an indicated mineral resource of 1.88 million ounces of gold, and the Adumbi deposit and two neighboring deposits hold an inferred mineral resource of approximately 2.090 million ounces of gold with 84.68% of these resources being attributable to the Company.


TSX:LN - Post by User

Post by mferguson71on Mar 24, 2021 2:17pm
116 Views
Post# 32867788

Loncor Price Potential - May 2013

Loncor Price Potential - May 2013The last time Loncor had a sustained price this high was when Loncor's share price went from $6.00 per share downwards to the $0.30 range back in May of 2013. To be honest I was not a shareholder of the company at that time (possibly a skew in prices due to a stock split) but either way it looks like LN continues to break out higher.

Patience is required by long term investors as Jesse Livermore quoted.

It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!.... Men who can both be right and sit tight are uncommon." 

Looking forwards to sitting tight. Add to your winners and sell your losers.
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