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Re: LakeStar_Trader post# 13317

Thursday, 10/18/2012 10:51:13 PM

Thursday, October 18, 2012 10:51:13 PM

Post# of 30708
Personally I think charts are somewhat useless here. The share price is event driven. Events starting with the new C.E.O. being named, financing being secured, equipment being purchased, gold production starting, and first revenues from gold being reported are events which are all unique events with no previous similar events in the company's short history that could be defined on a short term chart pattern.

I'm expecting the share price soon bases in the area of the debt to equity conversion that the investor accepted. That would be in the .065 area.

The next major event after the start of gold production will be the reporting of the actual revenue from gold production which I believe will take the share price to the .12-.15 range in the next 77 days.

Obviously if they uncover a 55 pound gold nugget it moves much higher much sooner.

Good luck to all the "BONZ" faithful both old and new.