TSX:LSG.DB - Post by User
Comment by
Golfcar72on Dec 05, 2011 10:47am
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Post# 19291924
RE: High Grade
RE: High GradeInteresting point about the timing of growth, with the follow-up question of: would the shareholders welcome a takeover at this point? I think an offer valuing the company at over $1billion would be accepted. As "bird" pointed out, they just keep going back to market with dilution, dilution, dilution. MANAGEMENT: your responsibility is to the shareholders, not your continued high salaries! At a valuation of $85/oz in the ground, LSG would need nearly 20 million ounces to get back to $4.00/share. In 2009, it would have taken 1/2 of that since the outstanding volume was so much lower.