TSX:LSG.DB - Post by User
Comment by
bossuon Sep 03, 2015 11:19am
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Post# 24075291
RE:RE:PLEASE............
RE:RE:PLEASE............I may look contrarian too, but I simply express my thinking on the ongoing operation at LSG. Some weeks ago I was saying we are not ; out of the woods yet, based on the fact that we need more ;proven resources;to expand LSG mine life and the proven resources have to be at the minimum of the actual milling rate or 4,5 gr to 5,0 gr/ton The $ 25 MM actual drilling program has to be a success to justify a mill expansion to 5500 t/d and as a LSG shareholder it is legitimate to be ;quite unconfortable;waiting and waiting for news that will drive the share price up or down dramatically. May be '';Maingdough;''has done the right move in selling ;because of his tolerance to high risk but as far as I';m concerned I';m less ;bullish;as I was but I'm still hanging on as I have been for many years, but patience has its limits !!!