TSX:LSG.DB - Post by User
Post by
goldhappyon Mar 20, 2014 12:25am
362 Views
Post# 22344511
Why fret
Why fret If you were one of the shareholders looking to sell and missed the boat I feel bad for you. Negative news and 3.6 million shares sell off. These are the traders from larger financial groups selling off for a number of reasons...preserve cash?? Drive the SP lower on weak news?? Lots of news to digest today. LSG did not roll over and die. They have streamlined drill information to selectivly mine the better gold grades. That's good news. Dilution can kill a mines grade and bottom line. Rather than eat dilution this drilling is a god send. I maintain LSG needs to keep a good exploration drill program running. A small scale program has began and soon we will be reading of expanded resource and with a little luck some decent grades. All in good time. This is a solid 2 to 5 year hold. If you can't take the heat then get out. Good exploration will kick the SP higher in due time. Stay long and strong and take advantage of the sale price.