Got into this a week ago, have added since.
Beyond the visible gold in the Paraguay drill cores, which is driving the stock upward, I really like the list of insiders I found on the Share Structure page.
Total Issued and Outstanding Commmon Shares: 43,681,375
Warrants: 15,415,000
Stock Option: 3,910,000
Total: 63,006,375
------------------------------------...
Major Shareholders:
Fronteer Development Group Inc. 8,210,000 18.8%
Sentry Select 4,647,000 10.6%
Benetton Group 3,350,000 7.7%
Alberto Orcoyen 2,100,000 4.8%
Pinetree Capital Ltd. 2,000,000 4.6%
Management 1,300,000 3.0%
Since I like Pinetree anyway, I visited their site and learned they had nearly doubled their ownership since this information was entered on the LAT site.
Pinetree Capital is down for 2 mm shares of LAT on the LAT site. But Pinetree has since upped its ownership to 3.75 mm shares plus 1 mm warrants.
http://www.pinetreecapital.com/inves...
There are not too many shares out, half of them are spoken for, and the company has a lot of mineralization showing on a big piece of dirt in a poverty stricken country that could use some gold mining.
If you are interested, I suggest you read the president's report dated Nov. and written by David Wahl, president and CEO.
In addition to all the good stuff about the drill holes, there was something just as important about the company's relationship with the government.
"With much pride I would like to report the Minister of Mines and the Vice Minister of Mines have visited the Paso Yobai project on several occasions over the past year and have publicly expressed the Government's recognition of how professionally the project is being carried out, not only technically but with respect to the environment and social issues in the Paso Yobai area. Paso Yobai has set the standard of excellent for exploration projects in Paraguay."
I consider this an intermediate to long term keeper and will probably keep averaging up.
Michael
