TSX:LSG.DB - Post by User
Post by
Trashenstein09on Feb 08, 2016 8:18am
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Post# 24534549
Not thrilled @ $1.71
Not thrilled @ $1.71
After all these years, a T.O. bid at $1.71 seems light. With decent news out of LSG today, the gold camp is expanding its mark in Timmins, mine life and shareholder value. So much potential going forward.
We live in uncertain market times with crude taking a bath and world economies taking a step back. Markets are retreating ( seen it before )... at some point things change. While this is playing out its course, world price of precious metals is making a slow but steady increase. Again we can see this reverse instantaneously, but $1180 gold is better than $1080 gold and eventually miners start to catch up.
LSG has much potential in the assets it owns. Its drill programs have been positive. This has added value in addition to its low costing operations amidst declining POG in 2015. That to me makes $1.71 a poor premium.
If a vote was held today, mine would be nay
GLTA longs