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LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB



TSX:LSG.DB - Post by User

Post by bosseon Oct 14, 2012 4:28pm
477 Views
Post# 20482441

A bit of mill grade historic

A bit of mill grade historic

A year ago, In the first  nine months , average grade was 3,92 gr/ton and the Q3 was  3,49 gr/ton.

At this time Tony was saying , on November 10 2011 in his '' OUTLOOK'' remarks :'' head grade to improve during Q4 ''.The result was 4,34 gr/ton for a total 86565 onces of gold poured.So very promissing  at this time and the share price what at $ 1,52.and we had 400,168,000 shares issued.

 Three  months later  in the Q1 report, we had a big drop at 3,4 gr/ton,in the Q2,  a 4,3 gr/ton and last week  a dramatic drop to 3,5 gr/ton for an average grade of the first nine month of 2012 of 3,7 gr /ton The share price is now at  0,85 and 415,593,000 shared issued.

There has not been any improvment and  the situation is  worst than ever after having spent millions of dollars in development .

In my mind, we have been misled and Tony have been ''over promissing''and we have been fool believers of his sayings.Hopefully Franco Nevada and Sprott are surely asking questions for this poor performance and the next webcast quarttely conference will be interesting to listen.

 

 

 

 

 

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