LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

Enough and more than enough already

[yoda2]

harjay
I admire your optimism. However the over 75% decline in the value of LSG has been caused by management failure and incompetence. Makuch has not had enough background experience to prepare him to manage and to direct the full array of essential activities of a total company. He has no finance experience, no marketing experience and no strategy formulation experience. His experience is that of A ONE TRICK PONY. At FNX and Dynatec he was responsible for production only. He was surrounded by more experienced, more senior executives who looked over his shoulder. And every since HOC left LSG's board of directors, LSG has lacked the necessary sound guidance of knowledgeable leaders and as a result has been floundering  from one misstep to another. If it wasn't for the loss of investment value and the missed opportunities, the actual history of LSG's fumbles would be funny--something like a Keystone cops movie.   But it is not funny. There have been too many errors of judgment, too much lack of foresight and too many failures to deliver. The track record is clear it is time for change.  An experienced leader from the outside could rescue LSG from quagmire and would increase the vlue of LSG shares..