Leagold Mining Corp LMCNF

I'm out

[peregrine3]

LMC has gone "parabolic" and hit 100% & 138% Fib. extension levels on my chart - while overbought could become more overbought, a pullback at some point is inevitable. I usually don't buy/sell on a Monday but I was in at $3 and obviously had the timing wrong. The company has great management, shareholder support, reserves, production profile, etc. etc. - there's lots of potential value here but jurisdiction is going to be one of the most important factors going forward in this gold bull market. I listened to the most recent conference call and didn't feel that management provided a detailed explanation on the Mexican tax issue. There's a more compelling argument to invest in gold miners/developers with projects in Ontario, Quebec and the US. Good luck to all longs..

[tjd28]

Ah you big scaredy cat, you called it wrong before and now you've called it wrong again.

[peregrine3]

No Tjd - it's not about being scared or calling "it wrong again" - see my response to MM. I've been investing/trading in the gold sector for a while now - this one just no longer fits my risk profile. Good luck to you and hope it works out if you're in this stock..

[mercedesman]

Good luck Peregrine. While it may very well take some doing (consolidation) for LMC to clear the old recent highs, between $ 3 and $ 3.40, but I'm confident it will do so. Back in 2016 the gold rally stalled at $ 1400.  This time we are well over $ 1500 and climbing.  LMC has a clear pathway to 600,000 to 700,000 oz. and as such should re-rate with a market cap into the multi

[peregrine3]

Thanks MM. I agree, there's a ton of value to be realized here - I have no problem seeing this hit $4 or $5 once resistance at 3 or so is cleared and it could happen quite quickly. I actually see the potential for this stock to hit $20 or $30 one day, given the right environment. Management does have an excellent track record - Endeavour was a huge success. But perhaps doing business in