RE:Trelaney takeover Very interesting reading on the Stockhouse Ticker Trax this morning....
Gold valuation per once of gold in the ground have fallen below $40 as Iangold is paying over $125 per once for Treylaney!!
Iangold president was saying on BNN last friday that TRR was offering an attractive location in Northern Ontario's prospective gold producing region and had a signifiant exploration/expansion potentialThat is .exactly what LSG is offering
TRR grade is very low (1 gr/ton and not 2 gr/ton as I was saying on my last friday's post) but expanding at a better grade,open pit and will require a big invesment.
This is a refreshing news for LSG Shareholder because it shows how ridiculous the share price was and currently is!!!
Just applying this $125/once give a value of $2,10 /Lsg share and it does not include all the works that has been done by the company and the potential it offers.
My feeling is that we may have temporary set back but ''patient shareholders are going to be rewarded at the latest early may next year or before.
I have add some more last week at 0,75 but let me tell you that it was not an easy decision to take because it have been painfull for sometimes now .
So me may say that we may see some light at the end of the ''tunnel'' in the very near future hoping that managment will slow their expansion after their 2012 investment program just the time needed to repay a part of their debts.
Have a good day everybody