Loncor Gold Inc (LONCF)

[investorwisdom]

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.