TSX:LSG.DB - Post by User
Post by
LexMark747on Jun 15, 2015 12:53pm
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Post# 23831642
I'm Hoping There Is No Take Over
I'm Hoping There Is No Take OverLake Shore Gold by itself has turned into a cash cow. The only thing that scares me is if gold does go to $1,000 an ounce. If that was to happen I feel sure Lake Shore would fall back under a dollar. At that point it would make sense for some one to come in and take it over. Lake Shore at $1.50 a share would cost some one approx. $630 million. To pay that kind of cash for a mine that hasn't produced over 200,000 ounces per year in my mind would not be a wise decision for the purchaser. The higher the share price of Lake Shore gets the safer we are as share holders. So lets keep our fingers crossed and hope the share price slowly escalates / or quickly escalates to the $2.00 range or higher. When the POG does turn the corner and runs back to $2,000 and higher Lake Shore will break $10 per share. So my friends I personally do not want to see this company that I have invested in taken out. Does any one have agree or disagree with the way I am thinking? I'm open for constructive criticism. Staying Long & Strong With LSG ..... Mark