Forum Archive Index - January 2002

["nick" <helmett@xtra.co.nz>]

       Very interesting stock for anybody who would like exposure to gold, without the risk of speculating on a single mining company.  Lion is involved in the development and funding of new mines with the aim of selling them off.

    They have just been rated a Buy by j.b.Were who see the recent price rises continuing due to an expected series of good news items coming from the company.  Lion recently announced a maiden Dividend of 3 cents per share, which is attractive at the current price of 83c.   The dividend cut off date is Feb 8th which is likely to support the price over the next few weeks. Many brokers are predicting a good year for the gold sector, which has started strongly, there is plenty more potential upside, especially for a company like lion which floats off companies on the ASX.  Check out some of their recent announcements at http://stocknessmonster.com/news-history?S=LSG&E=ASX&Year=2002

 

 Nick