La Mancha Resources Inc LACHF

Can we hit thise Price Targets?

[twonxanity]

I am a little dissapointed with the way this stock has stagnated last little while. It has made me a fair amount of money so I cant complain much, but I was pretty excited with the Canaccord price target and its general prospects. I feel like this company trades mostly with the gold spot price and not funadementals.

This is worrisome because although many still predict an increasing gold price in 2010, some are not so sure. I worry that we will see a strong pullback if gold drops to 1000. This is despite the fact that the company is highly profitable at $1000 gold.

Dont get me wrong I remain comitted to LMA with my 25k shares, but I really wish that we could get a leg up without a strong gold advance, ie. on our own fundamentals.

[apo99]

Sadly I think you are right my friend, most of the big fluctuations in LMAs price are cause by price changes in gold.  But even at 1000$ an ounce, LMA should be more than profitable.  LMA continues to be a spectacular company that is greatly undervalued, and should HOPEFULLY climb to a higher price.  This week wasn’t a good week for most gold stocks so hopefully things will get

[twonxanity]

I agree lets hope so APO, best of luck. Other than LMA, the only other gold stock I own is NGD. I really wish I could go back in time and buy LMA when it was sub 30 cents even. I started accumulating when it was around 85 cents.  What about you APO when did u get in.

[apo99]

Wow 85 cents that’s great I only picked it up at 1.50, when I heard about it in my finance class.  But I have also made some bad buys since then.