RE: U.S.A. LISTING A POSITIVE!!
I don't see too much negative in the NYSE listing for LSG. After all , a lot of big Gold companies (example; Gold Corp) have done very well on the NYSE. I'm sure this move has been planned for a long time --- probably way back to the LSG/HOC divorce.
If any private placement is in the works, it, too, was probably planned to coincide with this listing. It wouldn't surprise me that some of this share price drift downward was due to leaks about the plans. In any case, with the greater exposure to individual investors and possibly U.S. recipients to a private placement , and eventually U.S. institution investment ------ the PP would be sucked up pretty fast.
With all we know about the fact that LSG has Gold, what better way to spread that word , than to have a lot of U.S. press telling the story. Wall Street is a greedy bunch (arent they all?) and you can bet that any big investors buying LSG at $ 2.00 and with the volume , pushing it to $4 and above, are going to tell LOTS of U.S. friends!
The 2-edge sword of Wall Street mentioned, should be good news to Sally ---- ( lots of good trading to you, girl!) . I have consistantly traded Gold Corp as a way to gather funds to buy LSG and others. It WILL be a rough ride, but I think the "saw-tooth" of the chart will extend upward.
Gold -- ( hitting a new high of around $ 1,634.00 last week, I think will continue, but without huge dips. If the U.S. meets the debt ceiling deadline, expect Gold to go down and drag all these smalls with it for a while ----- it's what the "Money Master$ " do. This, too , can go either way for Gold ( per the U.S. market) ------ if no U.S. default, Gold down for a while, market up --- dragging even Gold stocks with it. If default, or other panic, Gold goes up from the flight to safety , and drags some of the Gold producers with it.
My bet is still on Gold and Lake Shore Gold (among others).
As Always, Best of Luck
Alchemist7