TSX:LSG.DB - Post by User
Comment by
dutchmann64on Dec 15, 2013 4:48pm
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Post# 22007969
RE:RE:RE:RE:RBC positive comments / Site Visit
RE:RE:RE:RE:RBC positive comments / Site VisitNo worries Imgolden...... I fully understand the game here. I was commenting on a positive report by RBC, which was a surprise as they have been quite opposite with thier view in past. I also have a finger on the pulse of the sector as a whole ( mining that is) and with that said I can tell you we have a long long way to go. I am a partner in a business that supplies manufacturing to the big players, more particularly the building of equipment used at the mine sites. This would include everthing from hoisting / headframe components to the process side such as slewing drives and flotation equipment. I can tell you all that amongst the four largest players;... that they do not have any major capex projects on going. The last three years have been very very odd so to speak with 2013 being the worst so far.
I have gone with LSG based on a long term outlook because they have all the right details in place. When the market turns they and the share holders should do well. Currently from my vantage point we are not seeing much until late in Q3 2014.
my best to you.