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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 > Not looking good!!
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Post by laroplex on Apr 20, 2013 4:21pm

Not looking good!!

Word on the street......Big shake down at Lake Shore Gold.......Glad i have not taken a position just yet......Apparently many were dismissed last week and more to come.....Timmins West Project is not sustainable with $1400 Gold price......Their grades are terrible at 3g/t or less........Maybe Makuch is fine tuning the operation(wo knows), but letting go of contractors is not good, not good at all for LSG and for the City of Timmins.......Good luck folks, as i have my own problem with my own Mining plays.
Comment by idlefreebird on Apr 20, 2013 6:26pm
laporex , ya when I went to work last night plenty of panic hearing the same thing but need not to worry , as what I hear it' s a little contract work nothing big and Timmins West is verry sustainable at these prices as all developement has been done in previous years therefore Lakeshore is ahead of the game due to Dan Gagnon work.I hear diferent about the grades and time will tell as the mill ...more  
Comment by qqoldbbug on Apr 20, 2013 6:30pm
Please be careful what you post.  If it is too negative than the pumpers here will be all over it. ..I'm not surprised at all with your comments.  Too bad and a lot of investors are going to lose their shirts on this one.  Right Van?
Comment by BrahmaViddo on Apr 20, 2013 10:10pm
The fall of LSG started long before gold went down... poor managment is to blame for it, nothing else... while gold was still going up in 2011, LSG was rolling down hill, from $4 in Apr 2011 to $1.50 in Sept 2011, while gold went from 1400 to 1900 in that same time.......
Comment by IMgolden on Apr 20, 2013 10:22pm
I'm not arguing that point.  Once again, our friend said he predicited a fall to the 40 cent range.  Problems with the company brought the price down to the 50 something cent range.  I agree.  All I'm saying is that the fall from there to the 40 cent range that he predicted was not due to a problem with the company but with the price of gold.  That's all I' ...more  
Comment by moneydigger on Apr 22, 2013 9:16am
Gold up considerably, so if what your saying is right qqoldbbug, this wont help LSG go up today.  We will see if your theory is right that gold price does not reflect on LSG share price.  I think you are also fooling yourself thinking POG doesnt make a difference for LSG.   I thought LSG was producing/exploring gold so I wonder why the price of gold does not matter here.  ...more  
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