The LSTG promotion got me too, but I fine some things interesting with Lone Star that you don't typically see with "pump and dump" companies.
* They have a $15 million line of credit backing their exploration efforts (some "heavy hitter" obviously likes what they're doing and were willing to put their money where their mouth was).
* They are on the verge of producing potential gross revenues of over $250 million with the "tailing project" based on the test samples that were analyzed.
* I called Lone Star and they actually returned my phone call!! After a lengthy conversation, one of their maim objectives is to produce results that will bring their stock up to $3 a share so they can get listed on a major exchange.
Most of the other "start-up" gold companies you see promoted are hyped based on what I call "vaporware". However, Lone Star appears to be on the verge having some real assets with the tailings project and who knows what they might find "up in them there Mexican hills".
Even the stock price(although far from its promotion high) seems to be hanging in there with decent volumes being traded. If we get some positive news from the processing of the tailings, who knows where the stock price might go?
Risky?? Sure, but just take a look at NSRS that was heavily promoted and be glad you didn't fall for that one. Tens of millions of shares were being traded daily. In a matter of a few weeks, its stock price jumped up to $1.72 a share. However, being nothing but "vaporware", it just as quickly dropped to $.09 a share (currently trading at about $.14).
Keep your fingers crossed. Maybe we'll get lucky with LSTG. In my opinion, at least we have a chance here.
Smiles and good trading.
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