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Labrador Gold Corp V.LAB

Alternate Symbol(s):  NKOSF

Labrador Gold Corp. is a Canada-based mineral exploration company. The Company is focused on the acquisition and exploration of prospective gold projects in Eastern Canada. The Company’s properties include Hopedale Property, Borden Lake Property, and Scotch Property. The Hopedale property comprises 998 claims on five licenses covering 249 square kilometers of the Florence Lake greenstone belt. The Hopedale property covers much of the Florence Lake greenstone (FLGB) belt that stretches over 43 km. The belt is typical of greenstone belts around the world but has been underexplored for gold by comparison. The eastern portion of the Florence Lake greenstone belt lies along tidewater southwest of Hopedale. The Company has a 100% undivided interest in the Borden Lake Property located near Chapleau, Ontario. Borden Lake Extension (BLE) consists of approximately 219 claims. The Company’s Scotch Property is located southwest of Moncton, New Brunswick and consists of 21 claims.


TSXV:LAB - Post by User

Comment by BlindBoyon Jun 17, 2021 12:31pm
225 Views
Post# 33404747

RE:Share price

RE:Share price I would guess that the price drop has less to do with the lack of news on the drilling, and more to do with the attack on the price on gold recently.

My suspicion is that this is happening much along the lines that Alasdair MacLeod has suggested.
That is, many of the major banking entities are heavily short in G&S, and, with European banks looking at an initial phase-in of Basel III on June 28, many of them are desperate to close out those short positions before then.  (The UK gets a reprieve until Jan 2, 2022, and Comex is pretty much  tied to LBMA).
That's only 11 days from today.  This is the hourly gold chart for June.
https://finviz.com/futures_charts.ashx?t=GC&p=h1
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