Analyst still likes Lake Shore/ FACTSMr. Lundin thinks that this is still a fine organization, "with management, business plans and/or projects that provide significant potential in the current market."
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Lundin says goodbye to Lake Shore
Lake Shore Gold Corp (C:LSG)
Shares Issued 112,684,675
Last Close 1/18/2008 $1.77
Monday January 21 2008 - In the News
Brien Lundin, in the Dec. 21, 2007, edition of the Gold Newsletter, says he is dropping his coverage of Lake Shore Gold Corp., recently $1.69, because he is cutting his list of covered companies to a more manageable size. Mr. Lundin said buy Lake Shore five times between June, 2003, and March, 2006, at prices ranging from 60 cents to $1.90. He said take some profits, sell half perhaps, at $2.19 in April, 2006. Assuming a $1,000 investment for each of the five buys, selling half the $5,000 total investment at $2.19 would have yielded a profit of $2,929. Selling the remaining $2,500 investment at $1.69 would yield a profit of $1,689. Mr. Lundin thinks that this is still a fine organization, "with management, business plans and/or projects that provide significant potential in the current market." However, because Lake Shore has already provided gains and accomplished much of what he wanted it to, he has decided to focus on other companies in his portfolio.