In the last several sessions trading volume is diminishing for Lone Star Gold, Inc. (OTC:LSTG), but the price is still far from the lows from the end of October.
Yesterday, LSTG closed up 2.17% at $0.94 with 360 thousand shares traded – the lowest volume since the start of October.
On Nov. 15, the company issued a press release containing some sample results from the Ocampo property. They weren’t anything sensational, and neither was the market response.[BANNER]
The promotional activities around LSTG are still going on, but their effect is diminishing. One of the latest tout mails digs up the Goldcorp buyout nonsense again, but at this point anyone who has done a shred of due diligence on the matter is aware that such claims are baseless.
On Nov. 10, LSTG filed its 10-Q for the third quarter. The report didn’t contain anything exciting or new, except for the $800 thousand net loss for the quarter, and the addition to LSTG’s assets of property and equipment which “consists of a used truck…”
LSTG may need something much more exciting than the published results to get anywhere near the highs caused by the blatantly fictional claims of the promoters.
