I've been involved in this little puppy since the Holmer days with my first flow-through purchase at $0.15. Its been a very interesting ride with many ups and downs. I shed most of my position when Hothchild began to exit - simply following the money. Given my history and understanding of the Timmins West deposit, which was Dr. Raman's doing, it only made sense to start adding to my position again at these levels. I am well past my orignal position - and I am still adding.
A rumor surfaced very recently that might explain why the share price has been absolutely crushed. There are very, very deep pockets sniffing, testing and tasting. There have been for months. Since they have been at it for a while, perhaps they are starting to have their various broker accounts padded with shares. The warehousing has begun. That could explain the recent cross and it could explain the recent pressure from CIBC and Merrill. It's also interesting to anonymous (broker 1) boxing the bid and ask. Someone does not want the street to know who is buying and selling.
I would not want to be short. I can't wait for the day when they will have to buy my shares. Bashers beware, it's only a matter of time. On their own, Lakeshore's assets are worth multiples above the current share price. If I were looking to for an entry into the most secure mining jurisdiction in the world, i would look at this company.
Bet the farm - and wait. Turn off your screen and this board. There are powers that want this shareprice where it is. If Lakeshore were in trouble, they could hedge their future production at this level for 2 years and lock in profits of $400+ per share.
Costs are going down. Waste ore is being reduced. They are now following the higher grade down. Don't let them trick you into giving up your shares at this price.
JRMJ...