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



TSX:LSG.DB - Post by User

Comment by waltersobchakon Oct 12, 2012 9:34am
273 Views
Post# 20476966

RE: RE: .80's..looks like support is breaking down

RE: RE: .80's..looks like support is breaking down

I hear you , but what do you want ? this is a risky business ... buying LSG is , at this level , like buying a call option . Had they got 6 or 7 g/ton , these guys would be trading at $3 - $4 ... the market is irrational on the upside but also on the downside ... I understand that you look into great detail a company like AEM , AUY , KGC etc ... but this !! this is nothing at the moment ! You guys need to manage your expectations . LSG has limited resources , but somehow they are hitting their targets ... Its trading at 90 cents for God 's sake , what difference does it make 80 , 90 , or 1.25 ... to me not difference whatsoever ... to the day-trader a huge difference ... LSG will go to ZERO , and its management to jail , or it will go to 5-10 bucks ... In my opinion , management could bebetter , but I have seen a lot worst , and I am confident they are honest .  Focus on the asset  , and finally and to be fare to them , weather you like it or not , they are hitting their targets , even if on the conservative side of the range . Great asset , good geopolitical risk , they are producing short of 100k oz this year .... just keep an eye on gold ... this is the perfect storm - I dont understand how could someone possibily be short this stock , and I do believe that the short interest here is minimal ... what i see is a lot of people playing the dangerous game of the trading range , with a stock with no volume and completly umpredictable ... a very dangerous game for my taste . WS

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