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
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.......