News OutAny comments on the deal they announced today? To me, it was probably a good business move. Looks like they traded a significant portion of a potentially high valued asset income, which is fairly risky, for a proven Bazooka property, with some reasonable potential. If the Timmins drilling hits a bonanza hole, like I think it will, there would probably have ben a huge lift in sp. However on the down side, if it is a bust, our sp would sink off the map. The new properties have the potential for an excellent return as well, and will provide us with better safety net for base prices.
Dan and his advisors would have studied the new properties carefully and I have to trust their judgement. It may have been an opportunity, that Dan seized on, where LSG just wants to concentrate on Timmins, to bolster their resources, to feed their mills, to become a stronger player in the region. Hopefully Dan picked up a couple of plums. I just hope that once the Timmins results are out in Feb or so, we aren't saying shoulda, woulda, coulda. GLTA