Post by
ossyw11 on Aug 20, 2013 7:16am
RBC
RBC was on the investor call where Tony provided some guidance that they either ignored or didn't want to add to their report.
I understand that we can expect average grades exceeding 5.0-5.5 gpt but higher each qurter into 2014. I understand that output is in the 3,200 range today with gpt exceeding 5.0.
Do not sell your shares. Use any weakness in the coming weeks to buy more. You will be glad you did as historic cashflow is coming. Forget our good friends at BMO and RBC who simply use historic weakness to predict the future. They may have another agenda.
LSG's position today is very different that only a few months ago. Tony - get on a plane and see some institutions in NYC and Boston and provide them with some guidance. One or two strong institutional buyers will cause some panick short covering. That market move would bring our Canadian analysis in line and create some bullish momentum for a ripe fall gold season. You've done your job - now its time for you to tell your story. There has never been a better time. JRMJ
Comment by
bosse on Aug 20, 2013 8:23am
''I understand that output is in the 3200 t/d range today with gpt exceedind 5.0''' I d'ont know where you have taken that information ....May be in the Q1 2014 !! You should know that they are at the ''comissionning''stage now to 3000 t/d and grade still under 5 g/t Please specify your source!!
Comment by
ossyw11 on Aug 20, 2013 9:30am
Hi Bosse - I can't do that but if you go back you will find most of my posts have been pretty accurate, If I'm correct it will indeed be a happy fall for LSG longs - and a rather unpleasant one for the shorts. Time will tell. GLTA.
Comment by
Timminsgold on Aug 20, 2013 11:32am
Tony mentioned during conference call in reponse to Steve Wynne, RBC analyst that grade during the past several weeks has exceeded 5g/t, but RBC either does not trust Tony"s guidance, or just ignored it He also stated that during 2014 LSG will be approaching the average mine grade of over 6 g/t. RBC also ignored this in their various scenarios.
Comment by
Eagle-Arc on Aug 20, 2013 1:54pm
Good point Timminsgold: Tony should notify Steve Wynne to stay in his little cubicle & not to bother himself trying to perform a simple task.
Comment by
tarnoir on Aug 20, 2013 10:56am
These brokerage houses all have their own "hidden" agendas. I wouldn't trust the lot of the them. They say one thing and do another - hmmm, JP Morgan anyone?