RE:RE:RE:Speculation It's certainly dramatic in here at times!!
Just gambling though? Like any investment - there is a cost to get in, a potential return and risks involved with LME. And as a Junior exploration company LME is in a definite high risk - high reward part of the landscape - but gambling?! That's up to everyone to answer but I certainly don't equate investing in LME with going to the casino.
As an LME shareholder I own a piece of LME and a piece of the Ishkoday as a result - like all of us. I don't know what gold prices will be going forward - but I do believe there will be demand for gold going forward - and I do believe the Ishkoday has an addressable amount of gold in an increasingly rare friendly and stable jurisdiction. I believe it's extraction costs will be lower than normal - and that good business people at one or more senior producers will ultimately come and get it. The unknowns are when and how much - but I do believe it is reasonable to consider a transaction a certainty. How each investor's return stacks up on a risk/return/time scale against other available investments will depend when they got it in and how long they stayed.
My assessment? LME is at $0.40 for two reasons. First the investing public overestimates the risk attached to LME - having ascribed normal junior miner experiences to it. I believe LME - the Ishkoday - and Cynthia are different. Second, I don't think the LME team cares that much about the stock price - so they don't spend any money pumping it up. They are marketing the business to private investors who don't value the traditionally produced MREs that also feed stock prices. Both of these create what I think is a mispricing - and inefficiency in the market - and right now it favours anyone with the money to buy in.
I believe this remains a very positive risk adjusted return opportunity.
not gambling at all to me.