TSX:LSG.DB - Post by User
Comment by
canbeam2004on May 08, 2013 4:31pm
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Post# 21353749
RE: RE: RE: Still Buying
RE: RE: RE: Still Buying Geoffs13, I'm thinking that you are right. If there is something worthwhile in Timmins, why wouldn't someone big buy in? I would have hoped Tony learned his lesson from the past projections/actuals, but I have this sinking feeling as the sp continues to slide, that people in the know are dumping pending some weak results. Retail buyers like me, who live on a prayer and hope, mostly get creamed. I have now come full circle with the my LSG purchase, riding from the mid .30's to the $4.00's and back again, thankfully cashing out on most of my original investment at above the $2.00 level on the way up. The tax man took his share, and I'm not sure if he'll give me any back if this sp continues to sink and I wake up and get out. I remember at $4.00 when my TD advisor showed me an report targeting a $6.00 sp. I just can't understand how an expert analysis can project a $6.00 sp, early 2011, when pog was about $1400/oz, less than now, a difference that can cover alot of additional drilling expense, and the sp ends up where it is now, so drastically different, well out of the range of any normall probability.