Home > Boards > US OTC > Alternative Energy > Loncor Gold Inc. (LONCF)
Followed By 68
Posts 8840
Boards Moderated 1
Alias Born 04/01/2008

Friday, December 06, 2013 2:52:51 PM

Re: IamtheWalrus post# 17

Post# of 34
Canadian stock beaten down to .10 today, check the companies SEC link on the website, Loncor shuttered operations on depressed Gold prices and low cash reserves. My guess is they will have to offer millions of shares around .10-.20 per share unfortunately. Read the M&A discussions they need to sell stock to raise funds for 2014. And they need to conduct lots more drilling to delineate more gold since they have plenty of Gold, but it's too deep at 400 meters making extraction expensive. They need to find some shallow open pit deposits and find them soon so we can have easy and cheap to mine deposits. What really is exciting however is Loncor's holdings in North Kivu, especially the properties under Force Majeur that have extensive atrisinal workings. Once the Congo Government can throw these claim jumpers off the land things are going to get much more exciting for Loncor and it's prospects. Long term there is tremendous potential, but short term, they need to just survive the downturn in the price of Gold and raise enough capital to get through 2014.
Recent LONCF News


A.I.S. Resources Identifies Prospective Drill Targets at Reliance Reef and Provides Bright Gold Project Update AIS May 20, 2022 8:00 AM

Lomiko Announces Commencement of Exploration Drilling for its La Loutre Graphite Project LMR May 19, 2022 10:56 AM

PTOP Announces MOBICARD ™ 2.0 Development Contract has been executed PTOP May 19, 2022 10:00 AM

Edison Lithium Spin-Out of Cobalt Assets EDDYF May 19, 2022 8:00 AM

Goldshore Resources Announces Innovative Technology Application for Moss Lake Project Exploration and Closing of Non-Brokered Financing GSHRF May 19, 2022 8:00 AM

Demand Brands kicks off cultivation at Corralitos Farms DMAN May 18, 2022 2:00 PM

Emerging Markets Report: Details, Details SYTA May 18, 2022 11:48 AM

American Green, Inc. ™ (OTC:ERBB) Purchases 40,000sq.ft. Cannabis Grow Building for $3,750,000 ERBB May 18, 2022 9:25 AM

Green Battery Minerals Completes Resource Expansion Drilling at Zone 1 and Intersects Numerous Holes Ranging from 150 - 200 Feet of Graphite CZSVF May 18, 2022 9:19 AM

Grove Inc. Programmatic Ad Technology, Interactive Offers, Secures Milestone Patent GRVI May 18, 2022 9:11 AM

AgriFORCE Growing Systems Completes Acquisition of Food Production & Processing IP from Manna Nutritional Group (MNG) AGRI May 18, 2022 9:11 AM

HPIL Holding Secures a $CAD 32 Million Capital Commitment from GEM Global Yield LLC SCS ("GEM") HPIL May 18, 2022 9:00 AM

Branded Legacy, Inc. Increases Revenue By Expanding In New York and Florida Company Adds New Disposable Vapes BLEG May 18, 2022 8:30 AM

Demand Brands enters $8.5 million agreement with Truleaf, Inc. to enter the live rosin market DMAN May 18, 2022 8:00 AM

Day Range:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y