TSX:LSG.DB - Post by User
Post by
valueplaysonlyon Aug 17, 2012 2:49pm
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Post# 20230628
read between the lines
read between the lines Having this puts LSG in a spot where theym WONT be the next GBG or CMK. Sure I'd have liked shares issued at higher prices. But this allows the Company to have buffer in case of European contagion or fiscal cliff calamities. Get it done while its there. Dont forget that LSG is producing in Canada and is already in production and growing. LSG knows that vultures are circling ready to kill on weakness, look at GBG or CMK. This is a short term bitter pill but will allow LSG to be in the driver's seat. The kicker here is that conversion is at minimum 1.40. This is not that bad. When you have cash in your Treasury and you expand the mine it allows for a better take over offer in the end. This keeps the vultures at bay and allows for much higher take over price. Make no mistake here, LSG will be taken over in the next 12 months.
Look at the shottings in Africa, 19 people killed in a platinum miner's strike over there. All over the world big gold companies are getting screwed because the days of cheap royalties and bought officials is over. Mining in Africa and South America and the banana republic Eurasian countries is now gonna be hell. LSG has the perfect macro metrics going for them, this is only upsetting news to a short term swing trader, but for a long term investor this is good news. I tripled at 92 cents .