TSX:LSG.DB - Post by User
Post by
savyinvestor1on Sep 20, 2013 10:47am
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Post# 21754505
DISCONNECT CONTINUES
DISCONNECT CONTINUESTony Makuch, President and CEO of Lake Shore Gold, commented: "We decided to update the market at this time, given that we are seeing a disconnect between the excellent progress we are making with our operations and projects and recent movements in our share price. Looking at our performance, our grades are coming up, our costs are coming down, our mill is operating extremely well and, over the next couple of months, our capital investments will drop dramatically. By September, our mill expansion will be complete and we will be operating at 3,000 tonnes per day. At that time, Lake Shore Gold will make the jump from being a net investor of capital to being a company that generates net free cash flow at the current gold price."
MARKET MAKERS ARE CONTROLLING THE SHARE PRICE AND LSG IS SILENT....A COMBINATION THAT IS DESTROYING VALUE.