TSX:LSG.DB - Post by User
Comment by
lornon Jul 21, 2011 7:52am
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Post# 18855317
RE: geoffs13..why?
RE: geoffs13..why?Triyng to make some sense of this downturn...This reaction seems to be way overdone due to mill problems?
Any new company will have growing problems.
Lakeshore gold provides 300 to 400 jobs for Timmins area. I cant see this company shuting down.
In the last 3 days shares changing hands is approaching 30 milliom.
Even though there is a tremondous loss of share value there is no shortage of buyers ...not like a drop of share price with no buyer interest.?
This reaction from the market for a miss calculation in production just dosn't seem to fit..very strange.
What if any part does the American market play in this downturn...I recall last Fuly fourth July holiday in the US that there was a sudden drop in shares traded of Lakeshore...does a strong Canadian dollar as compared to US dollar have some unseen affect in this mess...Canadian dollar nearing 1.06 to US dollar.
Gold is priced in US dollars....What affect if any in this mess?
Any way to find what affect fund selling has played in this downturn?