TSX:LSG.DB - Post by User
Post by
goldhappyon Nov 29, 2012 1:55pm
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Post# 20661529
BUY OUT ???
BUY OUT ??? Who in their right mind would sell off LSG cheap right now? Many shareholders have been waiting a very long time for pay back. I certainly would not sell off right now unless a giant offer were presented...like 10 bucks or so.
7,000,000 oz plus the potential for a double or maybe a triple is a lot of gold.
$7,000,000,000 after mine operating cost is about $16.86 per share...then do a double or triple ??? Sure a lot of capital is required. I'm just pointing out what we own I would not give away in a cheap take over bid. I'm sure I'm not alone. My numbers are way out of line...I'm just driving home what a good long range investment LSG is providing. We can't look at LSG in the short term. It has to be long range investing. The many large block investors would not leave their money invested in LSG if they had doubts.
Exploration drilling could easily bring up grades of gold we have never seen reported. This could really drive the stock. This is one of the major reasons I will continue to hold LSG. This is all unexplored west end Timmins gold country. What a sleeper right now!!