TSX:LSG.DB - Post by User
Comment by
goldhappyon Oct 17, 2012 9:33pm
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Post# 20496170
RE: RE: Added another chunk
RE: RE: Added another chunk Welcome home idle. I like your reading on LSG. It is like the old INCO poison pill. They gave each shareholder one time 10 buck special dividend to run up a large loan 1 billion??? or so? That kept the wolves away. It is a very complicated business and when the bean counters look at the bottom line then see the loan...they go elsewhere!!! You bet LSG may be doing something similar. They could have made a lot of share holders happy mining 5 gram gold last quarter. They just keep the bad news coming and the wolves at bay. They have a lot of gold and a lot more gold to be found. They are in prime gold exploration territory. One day this company SP will snap ahead. A lot of traders will be left at the side line that day. That is one major reason I won't sell.