TSX:LSG.DB - Post by User
Post by
lornon Oct 19, 2012 9:54pm
426 Views
Post# 20505420
Re. Harjay question
Re. Harjay question I think I am missing somehing here...can someone explain to me why a mutual fund would be interested in this stock if Lakeshore is not paying dividends. Now I believe lakeshore will a some point be a good paying dividend stock but at the present royalties are whtat is now being paid out to some lenders.
i am a long time holder and will stck with it....my first stock on this property was with Holmer gold previous owner and that was in1970 and I do believe Lakeshore will be a valuable company in the near future....but hey it costs big bucks to build a mine and startup is bound to have problems.
I suppose mutual funds could be traders of stock..speculaters? Just didn't think that was their game.
Been waiting many years, a few more wont make a whole lot of difference then there is my age, maybe a few more years does matter. :-(