LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

Support lost for the 40's

[qqoldbbug]

Well Folks like I predicted only a few weeks ago 40's are here.  Hopefully 30's aren't on the way.   This company needs to forgot about production and get back to basics, strictly exploration.   Money will be an issue with this company shortly.  Not good folks, not good.

[moneydigger]

havent been under 50 cents in 10 years so cannot determine where the support is,  at this point, any guess is good.  One thing I know for sure, these are bargain prices and once Gold returns to its climb, LSG will not be available at these prices.  This is a chance of a lifetime to acquire shares in Lakeshore Gold at a ridiculous low price.

[qqoldbbug]

"One thing I know for sure, these are bargain prices and once Gold returns to its climb" ------------------------------------------------------------------------------------------ The same was said at the 1.50's, $1, .75, .50... So these are bargain prices now???...Keep pumping I'm sure some suckers are listening.

[IMgolden]

I disagree.  If money is an issue I don't think they should be spending more on exploration right now, but focusing on getting out what they have now instead.  You must have known the price of gold was going to drop considerably a few weeks ago if you predicted this stock would hit the 40's.  That's what's driven it down, it's not about the company itself. 

[BrahmaViddo]

EXACTLY ! The pumpers on here have been saying that since the price was $4 and keep saying its a bargain ever since its decline in 2011..... 10 cents may be the real bargain haha

[BrahmaViddo]

Correct ! LSG should cut all exploration drilling and focus on their "high-grade" stopes.. focus spending on the mining of ore... if they truly have high grade and start actually producing some serious gold... not the crumy 4 g/t... Do they even have something above 4g/t ? now is not the time to diddle daddle and blow money on exploration...

[bosse]

I agree with you that they must  focused on their high grade stopes,and they surely know the importance to do so.Many months  and money having been spent to develop those stopes and they should announced soon an increase in ore grade .It is time to deliver  and. this is what we want to see.  

[moneydigger]

I have never pumped this stock!  SO dont call me a pumper.  Look at my older LSG post and I was very negative on Lakeshore at a higher pricea.  I was saying how much it was overvalued because of all the problems and lack of gold produced.  I watched it go from $4 to 45cents and had been negative all the way.  But now that we have hit this level, I am saying that it is a

[moneydigger]

oh ya and by the way< I am so confident in gold that I also bougt Agnico eagle yesterday, at $32 Agnico was a steal of a deal!!!!!  All golds are looking very attractive.

[TedOwens]

The stock price increase ratio will be no where near as favorable as it would be under an exploration return scenario. Minor increases in production are possible but unless they can be at a 50% increase in short order the stock price potential will remain minimal. Exploration is still where the big gains will come from and this has been stated unanimously and clearly from the major market

[qqoldbbug]

Moneydigger..fair enough but listen to T. Owens post.  If LSG stops dreaming and realizes they will not be a producer then you will see gains.  This company has low grade gold with cash flow running thin.  Expore it and show the big boys before the price gets too low.  LSG needs to stop being  a hot dog...

[jpgoldilocks]

If this stock was an easy double within mere months, every fund manager and other serious investor would be all over it. Folks get paid loads of money to get 15-20% returns for their clients. Comments like this are irresponsible pumping IMO. That being said, I have a huge long position with an average price in the low $1's so I hope you're right lol. 

[hardrockminer65]

High grade stopes??  are you kidding me???  they are producing 4 grams per tonne at best.  That's like 1/8 ounce per tonne.  In the old days that was borderline marginal grade, just as it is today.   There is no "high grade".  Besides that I am hearing rumours of the mill expansion project being way over budget and way behind schedule. 

[leverage1971]

Geez Goldie are you still here... remember when you warned us about this stock in 2006 lol! You and SGGroup had some good battles...luckily I didn't sell my .60 cent LSG/HGM stock until the high 3's and low 4's when you said it was dead at 1.5 in 2006 and really dead at 60 cents again in the lows of 2009 post financial crash and pre WTM merge... keep telling people you are a prophet

[Vanchester]

Good to hear from you Lev. I guess not being a prophet makes him a non- profit....... wonder how he's doing with his Khan Resources that he wanted everyone to switch to from LSG.?????     v.

[qqoldbbug]

Who said anything about being an oracle?   I know this stock very well and have been bang on with it for quite a few years now.  Maybe you should pay attention.    If you think for a second that LSG is in the 40's due to the price of gold than you are either in grade school or have no clue what you are doing.