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

Metals & Mining Gold

TSX:LSG.DB - Post Discussion

LAKE SHORE GOLD CORP 6.25 PCT DEBS > Can anyone tell me?
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Post by actionplanner on Oct 14, 2013 10:30pm

Can anyone tell me?

I don't post often , but have a question for the board.
We all know LSG is turning a profit with their pours on a monthly basis.  My question is ; do they sell all the bars as they are poured ? Or do they sell just enough now to cover expenses, and hold the remainders for when the price of gold recovers? Thus they would have more profit in the bank if that were a fact.. I doubt any company mining gold doesn't know what the future price will be in the near future 1-3 Years. Any itellegent answers will be appreciated. Thanks
GLTA
Comment by jpgoldilocks on Oct 15, 2013 1:10am
I believe their last results relase included both gold poured and gold sold, which were different numbers. I seem to recall they sold more than poured which would suggest they had held some back from last quarter unless I'm wrong.
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