Promotional campaigns for Lone Star Gold, Inc. (OTC:LSTG) have been going on for more than three months now. Their effect seems to be weakening, but press releases still work to some extent.
On Wednesday, LSTG closed up 8.64% up at $0.88. The volume reached nearly 1.38 million shares.
On the day there were at least two newsletters pumping LSTG. In addition, the company issued a press release to update the public on its projects and operations.[BANNER]
The update didn’t contain anything exciting, but it did show the management is trying to keep people interested.
When you have a large number of promotions on the way, you will get a lot of eyes, but when you’re still not producing, and you don’t even have proven reserves, keeping up with the hype may prove very difficult.
Unless LSTG manages to come up with something more exciting, however, it may be difficult to keep the price in range for much longer.
