Lightstream Resources Ltd. LSTMF

RE:RE:RE:RE:RE:RE:bought back into Lightstream last couple of days

[jerrybe]

Good suggestion but having followed this management for a few years, I find it extremely unlikely that they would show such savvy financial management.

They will claim that all is well operationally, that asset sales are "on track" to reach their annual goal, they will say that they had a "record" Q2 in terms of production...and (hopefully) nothing as bad as the cost overruns we have had in the past...basically, boring but steady.

Right now, I will take that. We want this ship to steadily turn around the corner without the upsets we have had to deal with in the past. 

Realized prices should be good. I think they are still in the dog house relative to the financial community. I do not believe the "KOG" metrics will ever apply to LTS. First US firms are almost always valued more richly than Canadian firms. Second, LTS would need to improve dramatically (governance, financing, and operationally) before it reaches valuations such as those of CPG...but still, it deserves a revaluation from these levels. Let's see if they can surprise us on the upside for once!