TSX:LSG.DB - Post by User
Post by
lornon May 10, 2013 4:46pm
152 Views
Post# 21366932
Re....My opinion....
Re....My opinion.... Over the last couple of years it has been stated here that" Tony Lied " Not for one moment do I personally believe this. Mistakes? of course, Lakeshoe is/was in the process of building 2 mines and refurbishing a third mine...Bell creek. To do this without coming up against unexpected problems is not IMO...possible. Those here who have spent some time around or worked in the mines know what I am getting at. It is my belief that the biggest problems for Lakeshore is now paying off their debt which was required to build this mining complex and the fact that they are not showing free cash profits yet and large funds are not interested in a mine that is not yet showin free cash flow. In a few short years Lakeshore has built 2 mines with mining plans in place for 5 years into the future all this during a period of time when financing was near impossible to to get and they could only get this financing because of what they have in the ground. My due dilligence was provided mostly by Franco nevada and Sprott, Just can't believe these people are stupid...possible but not likely. If Lakeshore fails IMO it will be because of those who control the price of gold and our profits or lack of same. I did not sell at 4 bucks, my decision and no fault of anyone else.