TSX:LSG.DB - Post by User
Post by
digger144on Oct 14, 2010 1:03pm
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Post# 17564629
New Blood...
New Blood...
The deal announced today is somewhat different than the last "bought deal" offering by Lake Shore.
Today's deal is also a "bought deal"....but...for sale to public!
They will not hold onto any of these shares!
This is what I feel is causing some uncertainity in the market place as to who the new buyers will be and just who is going to buy all those shares....109 million!
It may seem like a lot of shares but we must understand that the people in charge of this deal know with a great deal of certainity that they can move these shares quickly and bring some much needed "new blood" and excitement to this play. The timing is right!
I mentioned this before, a few times to be sure...these people do this for a living and Hochschild was not going to pull any fast moves! Good Try Hochschild!
It is now clear to me that the Management Team at Lake Shore Gold have the major players and a lot of muscle in their corner and will begin to move this play forward with no strings attached!
Hochschild did not gain the support necessary to move their plans forward and in my opinion could not reach a possible Merger of Equals deal with Lake Shore and the major investors alike. This story is just amazing....and....I Love It!
The news flow will begin to flow and Lake Shore Gold will grow and prosper! Fantastic!
We must now recognize the Management Team at Lake Shore....we have a most amazing team!
Tony Makuch....Damn....you are good!
If you review my numerous posts early into this play, I was worried about an early take-out or some similar event that would not allow this story to reach it's full potential. Well, guess what...no more worries about that....the chapters will continue to be written and the future has never looked brighter!
I am so excited!
Digger144
P.S. Leverage1971....I would like to know what you think about the Management Team now?