TSX:LSG.DB - Post by User
Post by
AuandU308on Feb 09, 2012 9:34am
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Post# 19508371
Sound familiar
Sound familiar When HOC took up a position to allow for funds to drill and mine exisiting mines and make new acquisitions. They needed capital and got it to work with. Then West Timmins Mining came into the picture and we all know about that merger. Hoc wasn't ecstatic about that purchase but Tony went ahead and cut the deal and TC property will form a large part of their mining development. Didn't take long for LSG shares to plummet once HOC and digger exited the scene (and of course poor qtr reporting) Actually I am not implying digger had any influence on price. Keep in mind he was well informed and provided excellent sources of information. I am sure that non commenting eyes digested all his posts.
Yesterdays news sounds a bit familiar. An injection in working capital without diluting the stock significantly. Onward and upwards
Au