Re: ...Wow, A Loaded Question
in response to
by
posted on
Feb 18, 2009 09:37AM
Producing Mines and "state-of-the-art" Mill
Last trade on LBE is .105, it had been as low as .025 when the sentiment was at it's worst in late 2008.
Not saying a guy is or isn't selling, but what if the worst case scenario rears it's head? What then for the shareholders? What if it is delisted? Granted at present it may be nowhere near many peoples entry points or averages. But it's still something to walk away with.
On 10K in shares, look at the above SP scenario and to put it into perspective, you either had $1050 or $250. That's a big deal to most folks. How about the guys with oodles of shares?
I wonder if there have been many trading the stock?
On Dec 30 08 the company issued an update on the financing efforts. Streamlining the options etc. Are the shareholders going to hear anything else? Will PDAC yield any insight? Mr Nash has always been good on the communication front imho.
http://app.quotemedia.com/quotetools...
It's a tough call and tough situation to be in. I watched a program on the CNN with the investment lady they always have on.She was saying that for many, if you are convinced you have a winner and choose to hang on to it, instead of selling it off, then why aren't you also buying it now and averaging down? Her comments went on to say that it owuld be quite some time beofre many people get back to their ACB or initial purchase prices on stocks in general.
Can we take our cuews from accumulation or distribution trends?
Lastly, a guy can say, " to heck with it, it's dead and if it comes back to life then surprise me.... I have mentally written it off."