I'm a LOV long and have been adding to my position under 40 and above 30 cents for the past six weeks. Now, if all the gold on our properties had been removed and we were witnessing a sizable ownership change at 33 cents then, yes, there would be reason for concern. The drills have yet to tell our story. I feel sorry for the big recent seller whose lack of patience or necessity got the better of him.

Personally, I buy impatience in companies whose product is in a long term bull market with a smile. I'm just following in the tracks of Jesse Livermore who knew what patience was all about. Combine Jesse Livermore's approach to successful investing along with John Embry's forecast of higher gold prices in the thousands of dollars in the years ahead and Louvem could well turn out to be a gigantic percentage winner that I'm sure the recent large 33 cent seller and buyer will never forget.

Merry Christmas to all of the faithful Louvem shareholders.