TSX:LSG.DB - Post by User
Comment by
goldhappyon Nov 27, 2015 11:10am
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Post# 24331522
RE:LSG now below a buck
RE:LSG now below a buckMost mines are hurting now as the all costs in are over $1000...who wants to produce for break even. The strong will survive meaning companies with decent balance sheets and available cash. LSG fits into that catagory. Those that can weather the tough times usually do extremly well when the cycle turns. The large companies are in similar circumstances. To due a buy out with LSG right now is not likely. The growing company is spending to expand meaning less available cash to be gleaned right now. Nobody wants a break even company thus a lower share price....drab!!!