RE:RE:RE:RE:RE:RE:RE:RE:Gogo wings - Two bucks TraderRC
You have made so many great points in your post. What everyone needs to realize is that you have a "choice." You can decide to buy or sell shares in LME or any other publicly traded stock. That is the beauty of investing in the stock market. Over 3 million LME shares have traded over the last two weeks so there has been more than enough liquitity to sell shares if you wanted to. Many of you have been holding shares of LME for years and might be feeling frustrated with the share performance but let me remind you that I have been investing in junior miners for two decades and I have held and accumulated LME now for almost seven years. Most of the junior miners that I bought in the last five years are still down 50-80% even with the late gold rally. LME is up 1500% in seven years, 550% in six years, 450% in five years, 320% in four years, and you would be down 10% if you bought in May three years ago. My point is that in the last 4-7 years LME has been one of the top performing juniors in the gold sector. In the last 3 years there has been some ups and downs which is very typical for gold juniors but ultimately LME has performed quite well compared to its peers. Let's be clear, the LME management and board are as motivated and focused on a strategic transition as any shareholder. They are NOT sitting on their hands and they are not emotionally attached to the Ishkoday. Every day they continue to add value by proving more and more resources thru the drill bit. Behind the scenes the board is working with USCG to negotiate a strategic transition. The markets don't always offer the "true" value of any traded entity but I can assure you that the value LME is trading at is a HUGE discount from its "true" value when you calculate approx GEO's times what a buyer is willing to pay for gold in the ground. The future is bright for those who are willing to stay the course.