TSX:LSG.DB - Post by User
Post by
vinebillson Nov 26, 2015 9:48pm
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Post# 24330084
does not make lot of sense
does not make lot of senseThey already had $80M + cash and probably will add another few Million in free cash this quarter. They raised this cash not because there was a need for cash but because they dont expect profitablity in the near future( thereby transferring the expenses to purchaser of pass through shares).
No wonder the stock is trading at a dollar.
If the drill results turn out bad well this is headed south.....
Over to you tony for good drill results......