Loncor Gold Inc (LN) News

wow

https://ih.advfn.com/stock-market/TSX/LN/stock-news/86816716/loncor-gold-announces-adumbi-pea-with-303-000-oz-y

Any advice on this stock? I am taking an $8,250.00 beating thus far since the IPO and I am trying to make a decision to hold or dump. I am going away for two weeks and do not want to lose any more of my funds. I truly never thought this stock would go down after all the hype behind it. This is becoming hurtful to watch anymore. Anybody have any news that can help me make a decision? Would highly appreciate it.

CHART REVERSAL

on wach for next week LN

average volume 1 mil and we ad 5 mil yesterday some thing up

lots off volume today

http://seekingalpha.com/article/296379-loncor-resources-positive-drilling-results-justify-undervalued-valuation?source=yahoo

http://www.loncor.com/s/FinancialStatements.asp

Shares Outstanding: 57,617,745
Stock Options: 4,850,000
Warrants @ $1.45: 3,683,250
Warrants @ $2.30: 1,000,000
Broker Warrants @ $1.35 (fully-diluted): 589,988
Broker Warrants @ $2.35: 510,000
Shares Fully Diluted: 68,250,983


Shareholders (Non-diluted)
Loncor Management: 34%
Newmont Mining Corporation: 16.87%

Cash on Hand(February 2011): US$32 Million

http://www.loncor.com/s/Home.asp

http://www.tradershuddle.com/20110912156197235/PRNewswire/Loncor-Resources-Regional-BLEG-Geochemical-Survey-at-Ngayu-Project-in-the-DR-Congo-Outlines-Several-Gold-Targets.html

The drill results seem to be very encouraging.

With the recent volatility in the markets gold seems poised to hit $2,500 per oz by the end of the year.

That should bode well for junior miners like Loncor.

They seem to be fairly well funded.

This looks like an interesting long-term play.