Mention LionGold stock and many investors will immediately remember this stock as one of the three stocks (together with Blumont and Asiason stock) that went south in the penny stocks saga of Oct 2013. More than a year after the saga and with the investigations into the saga not released yet, I was piqued by curiosity to understand the latest update of LionGold company whose stock was at one time, well-loved by retail investors (or should I say speculators?). Naturally, I downloaded LionGold’s annual report 2014 which has an opening theme that I find rather apt: “Emerging from Adversity”. Notwithstanding the penny stocks saga, I must say investors in LionGold stock must be long-term focused for firstly the current low prices of gold, coupled with the non-corresponding cost-of-production do not benefit the financial bottomline of the company. Secondly, unlike other types of companies where the product is readily produced, ......