TSX:LSG.DB - Post by User
Post by
JRaffleson Feb 22, 2016 11:21am
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Post# 24581606
Exit LSG
Exit LSGI have sold my LSG holdings:-
- My investment criteria was for a low cost gold producer with growth in Canada.
- As a result of the volatilty experienced in silver shares in recent years, my silver investment was switched to bullion, via Goldmoney.co. However, I now find that, with the THO take over, I am too exposed to silver.
- There is already risk in mining shares, but to add geopolitical risk in Central / South America with THO, seems to be unacceptable.
- My LSG purchase was at $118 Canadian in 2015 H2 and therefore I am leaving with a profit, but i would have preferred to continue my investment in LSG assets only.
Similar to other members on this board, I am considering Kirkland Lake as an alternative.
I make split my re-investment with another low cost producer, Klondex. This stock seems to be of interest since it is also a low cost hold miner and it has recently purchased the Rice Lake (formerly San Gold) gold mine in Manitoba. KDX has a cap similar to LSG before the THO offer.