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



TSX:LSG.DB - Post by User

Post by astro2820on Mar 01, 2013 10:25pm
446 Views
Post# 21065783

Don't get discouraged

Don't get discouraged

We are gold mining without getting our  hands dirty and letting people mine who realy know how to bring it home.  I've been at this since it was Band-Ore Resources and have been through awful discouraging times, from 26.00 to .15 and whatever it does, you can't give up, because one never makes any money giving up. 

If it goes down to .40 buy more, because they have the goods and now the capacity to produce. Gold goes up and down but so what?  This is not going to be a straight run then cross the finish line.  This is going to be a slogg.

I have made a lot of money on this stock in 4 runs since 1994.  But, if I followed my emotion I would have left a looser.  This company is going to be taken over at some time in the next couple of years, because it has the resources,  the mill and a lot left in the ground.  A big public producer will step up and pay for it's value because it will always be undervalued at this stage. When they take it over it will be converted instantly to earning.

If one does the analysis, they will discover that LSG can produce over 200,000 ozs a year in 2014 at a cost of 700 or less and that is big money. The traders play it up and then force it down but with the goods, it's prime for take over.  Buy more at the lows and in the end, you'll walk away rich.  Good Luck

 

 

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