TSX:LSG.DB - Post by User
Comment by
dogwagon Sep 22, 2011 5:35pm
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Post# 19073969
RE: Selling pressure
RE: Selling pressureThis is some info. from Timmins,First of all PRB is almost 160 kilometers from Bell Creek mill so no hauling from Borden Lake.Secondly Tony holds well over 3 million shares of LSG.Thirdly they will produce Approx. 26,000 ounces this quarter at close to( 4.5 GPT x 180000 tonnes of ore divided by 31.1) (grams per ounce)They are in the doghouse at present and the 3rd quarter fund restructuring and the over all market conditions have resulted in a bargain of the year share price for LSG.We could definately be looking for a takeover from Goldcorp at these prices.The market cap is $675 million dollars with at least 6 ,maybe 8 million ounces by year end worth approx.10 billion dollars.Majors are not run by stupid people so Tony,s biggest problem could be a takeover.