TSX:LSG.DB - Post by User
Comment by
digger144on Oct 06, 2010 6:38pm
498 Views
Post# 17537710
RE: hoc
RE: hoc
UKGeorge...
Welcome to Hochschild Watch!
There is no doubt that they have made a most remarkable recovery since May, 2010 when their stock hit a low of 220 Pence....their stock is now sitting at 476.50 Pence....$7.63 Canadian.
As their stock price continues to rise...they are most definitely a threat!
They are gaining take-out power...using their share price as purchasing power!
There may be a friendly merger in the making between them and Lake Shore Gold which would fast track a Mid-Tier Precious Metals Producer. I think that the market would look very favourably if this merger took place...they would provide an excellent choice for investors who are looking to take advantage of an every growing Gold & Silver Price....the timing is just about right!
My feelings about this possibility are mixed...I would like to have things as is and allow Lake Shore Gold to continue to grow and prosper...but the market is telling us another story. The major market players are telling us that they like what Hochschild is doing and quite possible what they are up to!
I have mentioned this in the past...A Merger of Equals...could be quite the story in the making!
Such is life and if it happens so be it...we cannot hope to control the outcome!
However, the more I think about it....the more I am beginning to like it...the timing could not be better!
All the best to all shareholders...let us hope we get the best deal possible!
Digger144