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Bullboard - Stock Discussion Forum LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

TSX:LSG.DB - Post Discussion

LAKE SHORE GOLD CORP 6.25 PCT DEBS > Time to face the music!
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Post by mineguru on Feb 28, 2013 10:03am

Time to face the music!

I got back into this stock at over $3.00 after it tanked from over $4 bucks ... who knew it would continue its plummet off the cliff.  One lie after another has brought this company down and it will never recover until the BOD wakes up and makes the change everyone knows needs to happen but nobody will admit publicly.

Time for a new CEO. 

I think the major shareholders should start pushing aggressively ... that is the only way us small guys will stand a hope of getting some of our investment back!

Enough is enough.  I also agree ... no management bonuses should be getting paid anytime soon.  How do you reward people for going from $4 bucks to 60 cents?

Time for a change!!!

Comment by goldhappy on Feb 28, 2013 12:58pm
mineguru...I did much the same on Tony's "word". I later found out he has that reputation of building words to get what he want's...OUR CASH !!! I believe his board toned him down. I also believe he did not want the stock to go down. He was rather inexperienced for the level he works at. He surrounded himself with people and  knowledge to pull him out of a bad place. I also ...more  
Comment by yoda2 on Feb 28, 2013 1:31pm
goldhappy You are always so kind and so optimistic. Surely you have enough evidence by now to know that the time for the CEO to go has long past. Inexperience, exceptionally high compensation, and mistakes seem to go hand in hand, but the shareholders are stuck paying for it. How many hundreds of millions of dollars have been wiped out since the stock fell from over $4 to 70cents? This needs to ...more  
Comment by geoffs13 on Feb 28, 2013 1:38pm
TROUBLE IS WE NEED SOME BIG SHAREHOLDERS TO OUST TONY HE IS WELL CONNECTED AND WE TRIED TO GET HIM OUT LAST AGM BUT WE COULD NOT . WE NEED A CEO WHO KNOWS THE TRUTH AND UNDERSTANDS MINING AND CASH FLOW
Comment by goldhappy on Feb 28, 2013 7:19pm
Yoda...You are correct. The learning curve is very high in order to make a marginal mine profitable.Tont also made this strong exploration company into a less than marginal explorer. Go figure. We are able to see some light at the end of the very long tunnel. Did Tony go wrong buying Thunder Creek or expanding the Mill....No. Did we need Fenn Gibb...No.  Is the current mill expansion working. ...more  
Comment by geoffs13 on Feb 28, 2013 9:05pm
ITS TIME SOMEBODY TOLD TONY THE END OF THE GRAVEY TRAIN IS NOW START TELLING THE TRUTH IF YOU DO NOT KNOW THE ANSWER SAY SO NO MORE BS AND YES CUT CUT THE BONUS BS IF THEY DO NOT LIKE THE PAY GO SOMEWHERE ELSE . WHY DO WE NEED SO MANY VP ?? TOLD BY A OLD BOSS IF YOU CALL A GUY A VP HE/SHE BELIEVES THEY ARE A VP AND EXPECTS TO BE PAID ACCORDINGLY . THE CDN BANKS HAVE  INTERNAL AND ...more  
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