TSX:LSG.DB - Post by User
Post by
Trashenstein09on Mar 29, 2016 11:55am
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Post# 24707656
Locking in on Profit
Locking in on Profit
I did sell 66.67% of my investment in LSG today. The number came to me based on what Tahoe needs to make this deal go thru on Thursday. I voted no on all my share last week.
I am not sure whether LSG will drop based on the vote on March 31st. If it does, will Tahoe sweeten its offer. What I can not figure out is why no other mining company jumped in to out bid the Tahoe offer. Maybe that may still come post vote (if No).
In the meantime, POG has taken a breather and Yellen's speech will signal direction of both stock market and POG (IMO). How can the decision by this person have such an impact when world economies suffer? Then one needs to consider terrorism impact. All is not doom and gloom though. Still healthy!
So after owning LSG since the days of Holmer, I sit a lot lighter and in search of where to put todays sale as I approach retirement.