Yes it is but, with a 500 share sell able to collapse the price by 50%, it is very risky, how high is your risk tolerance rico?

With BS trades like that, I don't have a clue what this investment is currently worth! Who is doing this and why?

Well guys, what do you think is going to happen with the Junior Miners,let alone LVCA? Will the price of gold go to 2500/oz and rocket the miners accordingly (it happened in the great depression)? Will LVCA finally be able to capitalize on this moment by that point ? Or conversely, will the economy collapse and gold revert back to 400/oz, creating a once in a life time buying opportunity? Will physical finally decouple from paper gold? Will the government levy a 90% tax on your gold and/or make it illegal to own and a felony to trade in the black market? I think a deflationary depression is in our future, (due to deleveraging and default) it may be short lived until hyperinflation kicks in but, will occur nevertheless. In this hypothetical situation, cash will be king, at least for a while, load up on family, friends, local communities, essentials, protections, ALL types of hard assets and be prepared to live OFF the grid. There is more wealth in the world than there is gold to cover, most of this wealth is held in the dollar, since TPTB hold this wealth, TPTB will protect the dollar at all costs. JMHO

I'm not sure what you mean by your "went to .45" comment but, there were buys @ .04 today, what bullshit is this?

Thing is, there was no sell off to get to .02, it opened two days ago at .02/.27 and must have been an MM that sold 500 shares dropping the bid to .02. Is this maybe a way to halt trading until the report is finished? No one is going to sell @ .02 or buy @ .27. Maybe the NI43-101 report will show better results than the conceptual estimates.

And now this;

Lake Victoria Retracts Kinyambwiga Conceptual Estimates and Commissions Preparation of NI43-101 Technical Report
Filing Services Canada

Vancouver, British Columbia, CANADA November 13, 2012 /FSC/ - Lake Victoria Mining Company, Inc. (LVCA - OTCBB),On October 30, 2012, the Company removed from its website a video presentation regarding the Kinyambwiga project. The Company retracts the information in the video which contained mineral resource figures which were conceptual only and an economic analysis based on the conceptual figures. NI43-101 regulations forbid disclosing the quantity, grade, metal or mineral content of a deposit that is not categorized as an inferred, indicated or measured mineral resource or as a probable or proven mineral reserve. Also forbidden are results of an economic analysis that includes or is based on inferred mineral resources or conceptual estimates.
Investors are warned not to rely on the previous disclosure in the video presentation.
Dr. David Webb P. Geo. has been retained to prepare a National Instrument 43-101 compliant Technical Report.

Here is the video presentation, view before it is pulled;
http://www.abnnewswire.net/press/en/73827/lake_victoria

Paystreak, today the opening bid/ask was .02/.27, 500 shares hit the bid at 2:30pm dropping the pps from .065 to .02. This after three high volume selling days, what do you think is going on here?

This was an increase in volume but, in the negative direction, now -800,000 shares for the week sitting @ .065. How could this portend to good news?

Hey Paystreak, two -300,000 days in a row and still at .075, any opinions on what this might say?

This is pretty big, hang'n out with the big boys...

New York, United States, Oct 14, 2012 - (ABN Newswire) - The President of Lake Victoria Mining Company, Inc. (LVCA) David Kalenuik presented a creative investment opportunity that provides investors with a Royalty Position in the net proceeds of gold production in Lake Victoria's mineral assets.
The royalty plan was presented to investors during a live webcast and investment function from Manhattan's Investorium.tv on Thursday October 11, 2012.
Presenting alongside Rob McEwen from McEwen Mining (NYSE:MUX - News) and Eric Sprott from Sprott Asset Management (TOR:SII.TO - News), Mr Kalenuik explained the growth strategy for the company to institutional investors and capital markets participants.
An overview of the royalty plan can be downloaded here:
http://www.investorium.tv/kit/lvca_handout.pdf
Using Royalty Purchase Agreements, the Company seeks to raise US$3 million from participants by selling up to 60% of the net proceeds of gold production of the Kinyambwiga gold project. The Company hopes that the Kinyambwiga will be the first of four gold projects that can be placed into small-scale production. The Company aims to move into a positive cash flow position by pursuing small-scale gold mining on its projects.
View the WebCast here:
http://www.abnnewswire.net/press/en/73827/lake_victoria

About Lake Victoria Mining Company:
Lake Victoria Mining Company, Inc. (OTCBB:LVCA - News) is a gold exploration company focused on acquiring, exploring and developing gold mines in Africa's world famous Lake Victoria Greenstone Belt in Tanzania, East Africa. This region is the 3rd largest producer of the African gold mining regions.

Contact:

David Kalenuik (President)
TEL: +1-303-586-1390
Email: info@lakevictoriaminingcompany.com
Source:
Lake Victoria Mining Company
Copyright (C) 2012 ABN Newswire. All rights reserved.

.09, .075, .09, .075, .09, .075, .09, .075, .09, .075, .09, .075,
.09, .075, .09, .075, .09, .075, .09, .075, .09, .075, .09, .075,
.09, .075, .09, .075, .09, .075, .09, .075, .09, .075, .09, .075,
.09, .075, .09, .075, .09, .075, .09, .075, .09, .075, .09, .075,
.09, .075, .09, .075, .09, .075, .09, .075, .09, .075, .09, .075,
.09, .075, .09, .075, .09, .075, .09, .075, .09, .075, .09, .075,
.09

Geezze...

FYI:
Otterburn Ventures Update:

Back in July of 2011 LVCA was trading @ $.30+ subsequent to the closing of the JV with Otterburn Ventures on May 24, 2011. Otterburn terminated its agreement with LVCA on July 14, 2011, causing a sell off that dropped LVCA's PPS to $.13. Otterburn subsiqently changed their name to Finore Mining based in Finland. Initially trading @ $.40+, Finore is now trading @ $.065. IMO all parties involved would be far better off had this JV never been terminated.

http://www.finoremining.com/stock_quote.php

Nice volume today 147K.

A QE3 announcment is going to be the event that will launch the miners just like in August of 2011, I hope LVCA is well positioned for this possibility. I, like many others, don't want another round of QE but, one might as well capitalize on it, if it going to be inevitable

That might be a problem....

Have not heard from Roger in a while.....

Lake Victoria Core Drills Gold at Kiabakari East Tanzania, East Africa
37.5 meters of 1.03 g/t gold and 43.35 meters of 0.58g/t gold


Roger Newell, Lake Victoria’s Chairman says, “With only four holes, we intersected a large gold zone and we are optimistic that further drilling will expand the current prospect. Our discovery of this homogenous gold bearing BIF is extremely significant and represents a positive development for the Company. Furthermore, the Kyarano prospect located to the east is still to be explored and together with BIF Hill will certainly add to the gold potential of this exciting discovery”.

Yeh that makes perfect sense, someone buys 4k shares and the pps drops 2 cents, f***ing MM's are lower than gutter slime eating bacteria.

I wonder how long the MM's will let it ride @ $.12, what a joke those c**k suckers are allowed to make of the market!

Yep, more Market Maker games.

Lets also hope that its not more MM games.

Nice to be seeing a little action the last couple days $.127 bid, $.13 ask.... sweet.

Was that you PS....73,650 shares on the buy side so far today, Bid $.11 Ask $.127, nice.

Wow, someone accually bought 1000 shares, it feels good to be at $.11 if only untill Monday.

Bid is up to $.105 today!

Latest drilling results:

http://www.marketwatch.com/story/lake-victoria-completes-initial-core-drilling-at-uyowa-gold-project-and-begins-drilling-at-kiabakari-east-gold-project-tanzania-east-africa-2012-05-29-9232510

Latest LVCA video with David Kalenuik from NY Hard Assets convention.
http://www.abnnewswire.net/press/en/72720/LakeVictoria

Maybe the latest Stock Option Award they've granted themselves was timed for the next news release regarding the Uyowa Project / Canadian listing.

PS, What is your take on all of these Option Awards on 4/30? Anyone?

http://www.secform4.com/insider-trading/1402062.htm

PS, What is your take on all of these Option Awards on 4/30?

http://www.secform4.com/insider-trading/1402062.htm

April 2012 Private Placement:

Form 8-K for LAKE VICTORIA MINING COMPANY, INC.


--------------------------------------------------------------------------------

27-Apr-2012

Unregistered Sale of Equity Securities



Item 3.02 Unregistered Sales of Equity Securities
In April, 2012 we closed a private placement of 14,285,000 shares at a price of $0.06 per share for gross proceeds of $857,100. We issued an aggregate of 2,000,000 shares to one subscriber that each represented that it was not a US person (as that term is defined in Regulation S of the Securities Act of 1933) in an offshore transaction pursuant to Regulation S and/or Section 4(2) of the Securities Act of 1933 and an additional 12,285,000 shares to eight accredited investors, who represented that they were each a "US Person" as defined in Regulation S, pursuant to Rule 506 of Regulation D and/or Section 4(2) of the Securities Act of 1933. Proceeds of the private placement are intended to be applied to the Company's ongoing work program on its mining projects, continued exploration for new projects and general working capital.

I think this paragraph says a lot, they have something here and they are going to capitalize on it....

At the Company's Uyowa Gold Project, in northwestern Tanzania, a 1500-meter core drilling program (see Press Release 07 March, 2012) is underway, and results will be provided when the assays are complete and the Company is approved for trading on a Canadian stock exchange.

GLTA

PS, Thanks.

Nobody selling at $.095, everyone is waiting on positive news, management better not screw this up, it may be their last chance. Our nieghbor HNDI is tanking now @.065 having supposidly better statistics, we will see.

There is a LOT of gold in this area...




The Buzwagi mine is located in central Tanzania, in the Kahama District of
the Shinyanga Region, approximately 97 kilometers from Bulyanhulu and
six kilometers southeast of the town of Kahama. Buzwagi, which is an openpit
mine, is Tanzania’s second-largest mining operation and the largest single
open-pit mine in the country.

PS, I did some research and found that the central Uyowa project is approx. 120 kilometers (75 miles) SW of Barricks most southern Buzwagi project, see maps below.

http://www.barrick.com/Theme/Barrick/files/mine_images/2007_Map_Tanzania.jpg

http://lakevictoriaminingcompany.com.nmsrv.com/wp-content/uploads/uyowa_project-location-map_jan-2010_4.jpg

Can you provde a link to a map showing proximity of two properties? Sounds encouraging...

38K sold today, ask/bid did not change, hmmmmm...

It will never happen on the larger exchanges and certainly not on the smaller ones, the chances that everything will blow up first are better. Its all corrupt, along with the agencies in charge of oversite.

PS, I think you have plenty of time, just bid low and wait, you'll get filled. I bid $.10 and had to wait 3 days, patience...This is also evidence that they are not just giving these shares away.

Just averaged down to $.22 today with 50K shares. I'm all in now!