TSX:LSG.DB - Post by User
Comment by
jimylegson May 04, 2015 9:09am
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Post# 23690654
RE:where listed down at the bottom
RE:where listed down at the bottomSprott and his deciples have had the same thought on gold forever. He was right at $350/oz. Not so much at $1900/oz. The problem with "gold bugs" is that they are so one dimensional. The interest in junior miners and the sector in general, in my opinion, is nothing more than wise money looking for the areas of the market that present the best value/opportunity. given the thrashing the materials and resource sector has taken over the last 4 years and the ridiculous rise other areas have seen, it makes sense to lessen exposure to tech, health care, financials and put some of the gains into the depressed prices of these miners. Mayby LSG gets an offer, maybe not. If they can continue to keep costs down, mine efficiently and the margins stay the same or improve, the company should make money and we should be rewarded with a higher share price. Regardless of what happens, Sprott will continue to pound the table predicting higher gold and a US dollar collapse. It's hard to teach an old dog new tricks.