RE. leverage1971... Good to hear from you again. I still hold all my shares but I suppose I didn't get into Lakeshore the way most here did but still when you are off about 300,000 it still hurts.
I think there is one thing that most all here can agree on and that is that Lakeshore does have a lot of Gold in the ground, The problem seems to be as to how to get said gold out of the ground.
Lakeshore seems to be going for long term mining plans that are very hurtful to shareholders but hopefully in the end we end up with a mining complex that can operate at much lower gold prices...but who knows, as always our fortunes or lack of same depends on bankers and governments who control and manipulate currencies and that includes gold.
I think it was just late last year that bankers raised the margin price requirements on gold trades and If I recall gold was trending higher. Now gold seems to be trading in a lower range. Just one of the many ways bankers can interfere in gold market.
Don't know if you recall but I still had an interest in the property next to the ramp..anyway i have been putting out a few feelers to see if any other mining co. has an interest in the royalties with this...cuz I'm getting to old to wait around for something to happen there.
I still cant believe that Franco nevada and Sprott are dumb enough to give millions to Lakeshore without being very certain that their money will be repaid with interest.
So, should Lakeshore have gone after the Hi grade first and then slowed down production to build a mine for future or do as they have done and try and build a future mining complex now. I don't know but wish i had sold a 4 bucks, could have bought a pile of shares at these prices.
Short term pain for long term gain??
Good to here from you.
Lorne