TSX:LSG.DB - Post by User
Post by
yoda2on Feb 11, 2013 4:47pm
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Post# 20971149
HIGH GRADING or HIGH JACKING?
HIGH GRADING or HIGH JACKING? Is LSG seeking to find profits by High grading its ore body? Or is LSG high jacking its shareholders by continuing to wipe-out the value of the shares held by the shareholder?
There does not appear to be any high grading (in fact ore grades seem lower than the promised plans).
In terms of high jacking the value of the shares held by shareholders have declined 80% from $4.00 in 2009 and in 2011 to less than 75cents today. And today management has glowing promises for 2013 and even more for 2014. The LSG situation seems to be one high jacking the shareholder. And yet management still remains in power.