TSX:LSG.DB - Post by User
Post by
dogwagon Jan 13, 2013 5:36pm
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Post# 20832094
CONFIDENCE IN LSG!!!
CONFIDENCE IN LSG!!! The setiment on Lakeshore is changing ,not only with us small investers but the larger investment firms also.It is a slow process but LSG has reached their production goal 2 years in a row now and by simple math goimg from 2000 tonnes per day to 3000 tones per day,LSG should produce over 120,000 ounces in 2013.Someone posted they should have kept the 30 drills turning but they have plenty of gold(7 million ounces plus) so the decision by Tony to reduce spending was a smart one and we have plenty of resources to mine.They are systematically creating more faces to mine from so they can steadily control the grade between 4.2 to 5 GPT going forward.I jumped back in at .67 cents a month ago and mentioned that it might not be the bottom but I thought it was very close.Now ,I will hold on till years end and sell for $1.20 to 1.50 or if it spikes in the next month,I might sell half my position and wait for a possible pullback.It is a safer bet to me at this price than putting my money at 1 % in the bank.I wrote a month ago that people will look back at LSG when it was at .66 cents and say,Man was I ever sorry I didn,t load up then!! It has been so beat up for so long the big investers know that many little guys like us will be ready to sell at any share increase and that is when they load up!!!The Dog!!