TSX:LSG.DB - Post by User
Post by
Risktaker7on Apr 28, 2015 8:18am
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Post# 23670724
Share Price
Share PriceMy opinion is that there is alot of day traders involved and not enough long term investment trades.The stock went up if I remember last August to $1.40 in a few days,so it really didnt take that long to move the SP. Reverse stock splits are very bad for anyone holding those shares,I have seen over a dozen reverse splits and the stock price just tanks after the split. I remember a mid tier company named Equinox minerals after a few years of prouction with over 500 million shares and it had no problem moving the SP up on good news or speculation.The bottom line is there is no long term interest in gold stocks until the gold price moves up.