TSX:LSG.DB - Post by User
Comment by
analysethis9on May 19, 2011 7:40pm
398 Views
Post# 18603776
RE: My View
RE: My ViewI just read Eduardo Hoschilds state in the annual report that HOC was glad to report a profit of 34% on their investment in LSG .As the chairman of HOC you are obviously upset he sold his stake .Remember he had maxed his credit limit and HOC could not deliver on their guidance .
On the other hand Tony M and his lsg team have delivered with great exploration results beyond expectations , brought the capex on below budget and on time, declared commercial production as promised, is meeting guidance proction with coats below budget forecast with revenues higher than forecasted and based on the analyst reviews available the concensus is a triple of production by 2013 with another double anticipated by 2015 based on the size of a mill in west end and oz are forecasted to grow
faster than anyone can count and a new project acquired with a projected 15,000 tpd operation to take the company to the coveted l.0 mil oz club annual production all accomplished while protecting against hostile takeover , funding capex from profits with a small loan facility of $50.0 mil and no forward gold sales
BRAVO The gold producer hedge with no dilution, low cash costs , and building a future fortress
of bullion at the lowest cost per ounce seen in 3 decades .
Meanwhile over the pond poor UK Goerge is stuck with HOC and a dictator chairman crying over the lost opportunity in lsg. Do not cry too hard as the Atlantic could flood the main island.
Cheers,