TSX:LSG.DB - Post by User
Post by
ossyw11on Jan 23, 2015 8:52am
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Post# 23354992
Some Thoughts
Some ThoughtsIts always good to take some profits as the buy and hold strategy is something that no longer applies. Most of the people on BBs are slightly more aware and therefor active than the average investor who buys blended products that are managed by someone else.
However, with that in mind, and knowing this story for a decade and extremely well, I and my fellow LSG investors are convinced that 144 is indeed THE game changer. The only thing standing in the way of $3 - 4.00 takeout was mine longevity (of course Tony and the team have done excellent work dealing with all of the other factors).
If you have a geologist who is familiar with the bounty in Timmins (and some of the discovery history) look at the Vancouver presentation, she will tell you that they have found the treasure box. Also keep in mind that some of the smart money has had their review of the core (as those preliminary results are now in the public domain), and have spoken in depth with management as to the blue sky. If the blue sky adds another (say) 3-4mm ozs, you have a billion dollar company.
Trade, stay long, buy on dips, whatever - but keep a core position in LSG as this one has 200%+ upside this year. It will happen faster than the rise to $4.00 last time - so the knife will be flowing up and it will be red hot. The added bonus to the fundamentals is that the shorts will be trapped. They will get some of my cheap paper when they least want to buy it. Remember, the loss potential to a short seller is unlimited. I would not want to be short this one...
Good luck to the longs.. Its been a bit of a long road (but also a wonderful trading stock for the believers)...JRMJ