TSX:LSG.DB - Post by User
Comment by
goldhappyon May 10, 2013 10:45pm
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Post# 21365572
RE: Re....My opinion....
RE: Re....My opinion.... Lorne...you are one of my favorite contributors to this bull board. I respect all your opinions. I stand by my statement that Tony lied to "me" when he said he would produce 100,000 oz in the first year , 200,000 oz in the second year and 300,000 oz in the third year and more in future years. I had sold my LSG shares near $4 and was moving to cash. That was about 3 years ago. I'm working from memory. At the time he made that statement I was unaware the mill bottleneck could not produce the those quantities of gold. I poured fortunes my money back into LSG based on the CEO's forecast. The SP price climbed to somewhere around $4.40 then dropped like a bomb. News broke that a mill bottleneck would prevent the very profitable production levels Tony forecasted. Word spread fast in the back rooms and the stock was down. I was counting on the very high production levels. To me those statements were like Clinton not have xxx with Luwinski. Yes I believe LSG has potential. Yes the time line is well stretched. Yes Tony lied IMO !!!