TSX:LSG.DB - Post by User
Comment by
yoda2on Jul 06, 2012 7:26pm
371 Views
Post# 20090631
RE: RE: RE: RE: perspective
RE: RE: RE: RE: perspective finnboy and others:
I am sorry some of my posts come across as negative. Poorly considered negative posts are just as bad as some of the "rah/rah" posts we often see. I am not negative about this stock and I still have hope for this fine resource property. my posts are intended to encourage discussion and to share view points.
I do, however, remain concerned about management's capacity to execute. I believe this company would benefit from changes at the top. The recent NR was helpful but as you mention why did they not say something about the mill expansion. Are they hiding info from the shareholders? I do not know but the past record makes one suspicious. I am most concerned with how finances seem to have been managed. The recent little financings and the 'freezes' seem to be signs of panicky and desperate reactions to unanticipated realities by the inexperienced.
I am pleased they will meet and likely exceed their annouced production targets. But, we all now these are very modest targets relative to what was promised before and what would seem reasonable. Given the rhetoric we have been fed in the past, it may be that false successes are being set up by annoucing easily attainable objectives and targets. We must not forget that when one is not doing a good job, one of the easiest ways to achieve success is by lowering goals. We need more info. And we would likely benefit from change at the top.