TSX:LSG.DB - Post by User
Post by
yoda2on Apr 24, 2013 10:26am
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Post# 21298014
$20 million cash shortfall?
$20 million cash shortfall? Will LSG suffer a major shortfall of cash funding in 2013?
The most recent LSG presentation (poised to break out!) indicates $1650 as the price of AU being used by LSG for planning. With a current price of under $1450 and forecasted production of over 120,000 ounces, the $200 difference would be a $24 million shortfall from the plan in revenue, in profit and in cash flow. This seems to be a large number and could challenge the financial viability of LSG. Do others have additional fears and concerns about LSG's future caused by the drop in the price of Au. Could LSG be poised for yet another break down?