Thom Calandra Explains Recent Interest in OTC Markets and LKA Gold CBS MarketWatch co-founder sees investor interest picking up in the OTC markets and explains decision to accumulate LKA shares.
LAKE CITY, Colo., March 28, 2014 /PRNewswire/ -- LKA Gold Incorporated (OTCQB:LKAI) announced that Thom Calandra, in a recent report to his subscribers, provided further details about his interest in OTC markets and his intention to accumulate LKA shares.
According to Mr. Calandra, "It appears that OTC Markets finally has its act together and is convincing a flood of fresh and young investors that its securities are transparent, open & connected. Canadian and European (and Latin American) investors -- young ones especially -- are finding it much easier to purchase free-wheeling OTC shares than those in often-parched small-cap Canada and European markets."
Calandra further commented, "It's also possible that all those folks in North America who missed out on the blue-chip rally are turning to the -- count 'em -- 9,589 companies listed on OTCQB, OTCQX and OTCPink. There are some bargains here."
Concerning his recent decision to accumulate shares of LKA Gold, Calandra said, "…on our TCR list of OTCs, the one that continues to look cheap, in an iffy gold market, is LKA Gold. If I prove correct, LKA will see its shares return to the land of dollar-stock -- a level that separates the baby OTCs from the tweener OTCs. The LKA team may be zeroing in on the next (their second) golden ore shoot -- one that might provide another four or five years of 13 to 16 oz per ton ore. I'll be adding to my position."
To read Mr. Calandra's comments about LKA, in their entirety, go to the Investors tab on the LKA website at: http://lkagold.com/Presentations___Reports.html
Thom Calandra is the editor of The Calandra Report, (www.thomcalandra.com) is a paid subscription investment newsletter that specializes in on-site visits and reporting on deeply undervalued resource companies. Mr. Calandra is widely regarded as a researcher and is a frequent speaker at investment conferences around the world. Calandra previously co-founded, and was founding editor of, CBS MarketWatch, one of the world's largest financial web sites. He also co-founded Ticker Trax for Stockhouse.com (www.stockhouse.com) Canada's #1 financial portal and North America's largest natural resource site for small cap investor communities.
Mr. Calandra is not an affiliate of LKA Gold and was not paid for any reports or comments concerning LKA.
Investors are cautioned that the Company continues to generate losses and additional funding and exploration work is required. A commercially viable ore reserve has yet to be established.
Safe Harbor Statement
LKA's plans to resume/expand Golden Wonder production are subject to a number of conditions including, but not limited to, favorable geology, successful exploration efforts, favorable financing terms/availability, permits, gold prices, market conditions, etc. Mining and related activities are inherently high-risk endeavors and there can be no assurance that LKA will be successful. This press release contains certain forward-looking statements. Statements contained in this press release that are not purely historical are considered forward-looking. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding LKA Gold's future plans for exploration and/or production, future expenses and costs, future liquidity and capital resources, and estimates of ore, ore grades and mineralized material. All forward-looking statements in this press release are based upon information available to LKA Gold on the date of this press release and the Company assumes no obligation to update any such statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company's reports filed with the Securities and Exchange Commission.
Riverview Capital Enterprises
Jonathan Barkman, President
SOURCE LKA Gold Incorporated