RE:RE:Gold is up, No movement on PRB
But who wants a producer which makes no money. Last quater LSG had a net loss of CAD 1.718 mio, considering the entire year there is a net loss of CAD 10.7 mio. Lsg got about CAD 15 mio cash and CAD 129 mio debt. Check out financial reports.
Thats why sp is down that much.
I prefer explorers which have a high chance to get bought out. Probe is one of those. Of course there is still a risik due to lack of any economic studie and many other things. At the same time there is a pretty high chance that we got a great cost efficient deposit. Great team, lots of money, great drill results, already pretty good deposit, major buyin, great share structure, great location, lots of value driver in the near future, pretty good performance in a sector nobody wants to be. But sp reflects those aspects already. So if u wanna invest in explorer, there is no better story than Probe. Unfortunally Probe won't surive 2014. We'll get bought out at $ 4-6. Just a matter of time.
Max