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Bullboard - Stock Discussion Forum LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

TSX:LSG.DB - Post Discussion

LAKE SHORE GOLD CORP 6.25 PCT DEBS > Added another chunk
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Post by Golfcar72 on Oct 17, 2012 2:50pm

Added another chunk

Original break-even - $4.18; current break-even - $1.59.  

 

Feels like doubling-down in blackjack...

Comment by idlefreebird on Oct 17, 2012 3:54pm
The King is comming , Golfcar72 . GLTU p.s as crazzy as this will sound , it almost looks like these guys set this up so that we don't get taken out. I know I shouldn't give them that much credit but when you look at the pictures of the mill that will eventually suport 6,000 td how do you protect your assets from the big boy's . I'm just going on what I've been seeing like ...more  
Comment by dogwag on Oct 17, 2012 6:48pm
Golfcar,I know it is hard to buy a losing stock, but averaging down is the smart and right thing to do.You will get your money back!!!
Comment by goldhappy on Oct 17, 2012 9:33pm
Welcome home idle. I like your reading on LSG. It is like the old INCO poison pill. They gave each shareholder one time 10 buck special dividend to run up a large loan 1 billion??? or so? That kept the wolves away. It is a very complicated business and when the bean counters look at the bottom line then see the loan...they go elsewhere!!! You bet LSG may be doing something similar ...more  
Comment by idlefreebird on Oct 18, 2012 6:40am
Thank's Godhappy , yes definetly lot's of gold in Timmins I also like the 10,000 meter program started in 4th quarter between Thunder Creek and 144 project . They will someday poor a lot of gold and expand the company I'm sure oi it .The Bell Creek area is also polluted with gold,Time will tell but I believe the worst s over GLTAL
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