TSX:LSG.DB - Post by User
Post by
gondwanaon Mar 19, 2014 9:21am
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Post# 22339984
The outlook is not so rosy, sadly!
The outlook is not so rosy, sadly!
LSG stock price is tied to the price of gold. The price of gold is in a free fall today. So, no matter how stellar the result, there is little chance of LSG gaining in price. One salient feature of the earning report was the fact that LSG has been burning through it's explored reserves and now needs new drilling and exploration to sustain it's production. These are expensive items and would hit the bottom line.