TSX:LSG.DB - Post by User
Comment by
eduardo12on May 05, 2013 3:33pm
150 Views
Post# 21341020
RE: RE: RE: RE: RE: RE: RE: Current status of LSG,
RE: RE: RE: RE: RE: RE: RE: Current status of LSG, Feel bad for the guys that bought in over $2. Things happen and fundamentals changed for many companies past several years. This company is not alone.
Fact of the matter is that they have been mining high grade gold and met production guidance at comparable all-in costs. It's nothing but a dogs breakfast to say they were at the lower end of 2012 guidance and that is why the sp price is low. They already proved they are mining and processing 40% more gold in 2013 (look at 2013 Q1 results) and there is no doubt that they will meet guidance by year end (lower or upper, if it's in the anticipated range then its good news).
Last weeks trading volume was very low on average due to holidays and such. Look at any gold miner activity last week, it was on average low.
Look at the market caps with other similar miners out there and see the breakout potential that can happen this year. This company is getting great coverage. I'm simply stating facts here.. as always, do your own dd, gl..