TSX:LSG.DB - Post by User
Comment by
bulkbeefon May 08, 2013 5:13pm
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Post# 21353858
RE: RE: Down about 93%
RE: RE: Down about 93% Problem is, if investors continue to lose faith in the Management team and hit the sell button like they clearly have over the past 2 years, it doesn't matte if "gold in the ground is still there" the stock is not likely to recover much. Lot's of examples of miners who have "pounds in the ground", but that doesn't stop them from taking huge hits in share price. And it certainly doesn't mean that an increase in the price of the metal will make them recover. It just doesn't work like that. The majority of investors who sell a stock at a significant loss do not re-purchase the same stock again. New fresh money needs to come back into LSG, and come back in large volume to move the share price up considerably. I just don't see that happening. New fresh money has been pouring into the DOW. And it's unlikely financial advisors are going to recommend LSG to new clients.