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Lion Rock Resources Inc V.ROAR

Alternate Symbol(s):  KBGCF

Lion Rock Resources Inc. is a brownfields exploration company. The Company is focused on the Maybrun Copper-Gold Project in northwestern Ontario, approximately 80 kilometers (km) from New Gold’s Rainy River Gold Mine and 15 km from First Mining Gold’s Cameron Lake Project. It also holds properties prospective for lithium in Ontario and Quebec. The Maybrun Project hosts three shallow depth zones along a 1.4 km mineralized trend (North Zone, Main Zone, and Footwall Zone). Maybrun Property is encompassed by 20 patented mining claims. It has an option agreement to acquire a 100% interest in the Revell Property located in Ontario, Canada. The Revell Property, located about 25 km east of Ignace, Ontario, consists of 112 claims covering 2,350 hectares (ha). It also has an option agreement to acquire the Fleuron Property, located about 35 km south of Val d'Or, Quebec, consisting of 205 claims spanning 11,380 ha. It has an option agreement to acquire the Volney Project in the Black Hills.


TSXV:ROAR - Post by User

Bullboard Posts
Post by landsman8on Sep 28, 2003 2:05pm
77 Views
Post# 6468156

RE:this week's market

RE:this week's marketCOMEX gold futures expired this past Friday, so it was oportune for those who had sold Sept. 380 and 390 contracts to make them worthless to the holders if at all possible. And, lo, this they did as gold pulled back from 394 Thursday AM to close at 380.20, spot. Several commentators noted that heavy selling (short?) hit NEM about a half hour before the metal was hit. From 42.50 we saw a decline as low as 38.50 for the biggest, perhaps best among big caps, and certainly one of the most liquid of the gold shares. But the smaller shares and exploration plays dance to a different drummer. Selling, yes, but some good buying in many as buyers welcomed the weakness. Some even moved up on increased volume. GC was up .05 to a recent new hi at .30 on obvious accumulation. CMF was off .o5 but 62, a steady buyer recently, picked up over 75,000 shares. EDV was off from 3.40 to 3.19 but snapped back to 3.33, just 3 of many interesting situations. KBG has some nervous holders so that several sellers on the bid knocked it down to .39. 7 sold 26k from .44 to .41, then 46 sold 30k from .41 to .39, but 33 took 20.5 of that at .41, then 95 hit it from .43 to .40. The closing bid was .42, I believe. Only time will tell how wise those urgent sellers will turn out to be. Month end pressures certainly affect trades right now, and may Monday as well. All this frankly encourages me, wish I had a few more $ to place in a few shares I like. Did have a bid for 2000 ALS at 2.42 in the gap between 2.40 and 2.50 before the run to 3.09. Thursday got 400 of that, bid for the balance still there. One smarter than me got 3000 at 2.44, no other trades below the top of the gap at 2.50 and market sells that broke 2.50 thursday filled us and then buyers took stock back to 2.60-2.65. Mention this only to illustrate how this market is appearing, at least to me. Altius Minerals is an interesting situation, obviously I like it. Do not in any way mean to detract from KBG. MikeyO, fill me in here. Ron Rivet appears to supervise field opns, perhaps with 40 years experience, he is Rich's Dad, a little like the 2 Downeys? Connections like this helps KBG put their properties together. One cannot be but impressed by the descriptions of the other properties, no "moose pastures" here. The drills are where they are for good reasons, to get the best bang for the buck which, if it comes will not empty the treasury but hopefully get us all a better price level for the stock where more $ can be raised to take this project forward and increase company credibility. If Rupert is such a great deal, why haven't they been drilling instead of BSing? Same with SLT, altho they are not looking for used cars at the moment. Unfortunately their negativity does cast some doubts on KBG's credibility, but Rick has handled this with aplomb. So, on with the show!
Bullboard Posts