RE: OBM bid for LSG
Hey Lemboy, if OBM wants to take a run at Lakeshore they had better round up a whole lot of cash. It would require at least a billion bucks to take us out, which would come to over 2.00 per share. As it stands OBM holds a bunch of good properties, but putting them into production is hugely expensive and is not feasible at current gold prices. So with no current production and no revenue, there is little reason for the price to rise. That is my take on the situation anyway. The only reason I have any OBM shares is because NGM management sold us out for pennies, less than 3.00 per ounce in the ground.