Loncor Resources Inc. (LN)

[nowwhat2]

wow

https://ih.advfn.com/stock-market/TSX/LN/stock-news/86816716/loncor-gold-announces-adumbi-pea-with-303-000-oz-y

[Geoman1]

Any advice on this stock? I am taking an $8,250.00 beating thus far since the IPO and I am trying to make a decision to hold or dump. I am going away for two weeks and do not want to lose any more of my funds. I truly never thought this stock would go down after all the hype behind it. This is becoming hurtful to watch anymore. Anybody have any news that can help me make a decision? Would highly appreciate it.

[steez]

CHART REVERSAL

[steez]

on wach for next week LN

[steez]

average volume 1 mil and we ad 5 mil yesterday some thing up

[steez]

lots off volume today

[jackg152004]

http://seekingalpha.com/article/296379-loncor-resources-positive-drilling-results-justify-undervalued-valuation?source=yahoo

[PLUTUS]

http://www.loncor.com/s/FinancialStatements.asp

[PLUTUS]

Shares Outstanding: 57,617,745
Stock Options: 4,850,000
Warrants @ $1.45: 3,683,250
Warrants @ $2.30: 1,000,000
Broker Warrants @ $1.35 (fully-diluted): 589,988
Broker Warrants @ $2.35: 510,000
Shares Fully Diluted: 68,250,983


Shareholders (Non-diluted)
Loncor Management: 34%
Newmont Mining Corporation: 16.87%

Cash on Hand(February 2011): US$32 Million

[PLUTUS]

http://www.loncor.com/s/Home.asp

[PLUTUS]

http://www.tradershuddle.com/20110912156197235/PRNewswire/Loncor-Resources-Regional-BLEG-Geochemical-Survey-at-Ngayu-Project-in-the-DR-Congo-Outlines-Several-Gold-Targets.html

[jackg152004]

The drill results seem to be very encouraging.

[jackg152004]

With the recent volatility in the markets gold seems poised to hit $2,500 per oz by the end of the year.

That should bode well for junior miners like Loncor.

[jackg152004]

They seem to be fairly well funded.

[jackg152004]

This looks like an interesting long-term play.