TSX:LSG.DB - Post by User
Comment by
dove18on Dec 14, 2015 1:43pm
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Post# 24382744
RE:Great reads
RE:Great readsIs there a fit between LEX and LSG ?
LSG has been active on the takeover trail with the acquisition of TEM (Temex) recently. They are also having very good results from the drillingalong the 144 area.
Should they not be looking at LEX ( just south of Bell Creek) and west of TEM.
With an acquisition like that they (LSG) would become a very major player in the Timmins area,a very interesting potential acquisition for a major, or production for many many years.
LSG has paid 20 M sh. for TEM (5% dilution). LEX could be worth maybe $35 M in shares (8% dilution).
The major shareholder of LEX is Rob McEwen and I don`t know if he is talkable or not. Anyways LEX has a good property south of Bell Creek and LEX will be bought by somebody one day.A good fit would be with LSG because this player can increase in value a lot in the next few years.