TSX:LSG.DB - Post by User
Post by
goldhappyon Nov 05, 2014 2:10pm
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Post# 23098251
LSG should hold back at these or lower gold prices??
LSG should hold back at these or lower gold prices??I'm not so sure LSG should over shoot guidence for the year at these lower gold price levels. At some point maybe it would be worth holding on to the gold. Perhaps produce or over shoot guidence but don't sell everthing.Anyone else have these thoughts or not?? I seen companies producing ore just to keep the doors open and people employed. At some point especially with hard found gold it is not worth making only a small amount of profit over cost. Yes they need to meet obligations of debt. Selling too much gold on the cheap will not give us dividends we want and reduces the future resource. It also costs a lot of money to develop new production horizons. I say explore and expand resource and be very careful with low profit production.