TSX:LSG.DB - Post by User
Post by
yoda2on May 09, 2012 11:02am
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Post# 19889482
the SPROTT WALK ??
the SPROTT WALK ?? It has been awhile since the annoucement of the $70 million financing from Sprott. Since then LSG's SP has fallen a lot and the Price of Au has slid downwards. Is there any likelihood that the delay in closing means that Sprott is walking away from the deal?
Without this financing, and with the lower Au prices, does LSG have a significant financial viabillty problem? Does the current LSG SP indicate that LSG may be having further production setbacks? Could LSG be vulnerable to receivership in the near future?
The Q&A portion of this Friday"s conference call should be informative.