Hi, Ralph:

You ask: "...Does anyone think this will dip under 1.20 again soon?..."

Very unlikely, unless one dreams in Technicolor.

Consider this:

The last day for tax-loss sale was on Tuesday, December 27th. Not many investors waited that long with their transactions, especially not the institutional investors, many shut down between holidays.

Anyone peruse the price history of LSG will see that some investors arranged their tax-loss transactions somewhere in early- to mid-November to their advantage. For example, someone who exercised his tax-loss sale at 16th November at $1.56 to $1.84 (25.5 million shares were traded on that single day, or about 6.77 of LSG’s total shares), was legally in the position to buy them back 30 days later, after December 16.Many of them did, e.g.: on Tuesday, December 20th 15.8 million shares were traded somewhere $1.10 to $1.25.

That the SP will increase after the tax-loss transactions were over was expected. Because of the large volumes involved it may be expected the price-momentum will continue for a while.

The January 4th report includes the previously announced initial National Instrument ("NI") 43-101 resource for the wholly owned Fenn-Gib open-pit project.The jury is still out on how this report will add to, or help to maintain the upward price momentum. We know that LSG has gold in the ground, what is unclear at present how this current management is planning to mine it profitably.

Cheers,

durban1