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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 > Downgrade this morning..
View:
Post by bosse on Aug 19, 2013 10:20am

Downgrade this morning..

Heard this morning on BNN that LSG has been downgrade!!
But I d'ont know by what  firm.
Comment by HARJAY on Aug 19, 2013 11:11am
Its nothing just covering their behind because of LSG's rise over the last few weeks. • Lake Shore Gold Corp (LSG). RBC cuts rating to underperform from sector perform following recent share price appreciation
Comment by bosse on Aug 19, 2013 12:00pm
. As long as  the gold price stays at the actual level or over $1400 US we are OK. The only negative point is their low cash level (28.M at the end of the Q2) and their debt obligation. Hopefully they are now  producing (or near)at 3000 t/d with and improved grade coming forward but I d'ont think the ''blend''from Timmins West and Bell Creek will  be ...more  
Comment by Psalm9012 on Aug 19, 2013 12:38pm
A couple months ago RBC's target was $0.70. Since then all the news has been good and they downgrade it to $0.60. I have just one question: How big is their short position? Greg
Comment by polo007 on Aug 19, 2013 11:48am
This post has been removed in accordance with Community Policy
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