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

TSX:LSG.DB - Post Discussion

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Post by Psalm9012 on May 08, 2013 12:12pm

Still Buying

Can we have a couple rough quarters? - sure - but it doesn't mean we are going bankrupt. Might we have a roll back? - sure - but it doesn't change our NAV. The negativity feeding on itself presents a rare buying opportunity. I've seen it before. If we were a dotcom company, I would be worried but we're a gold producer. Still buying but my greatest problem is finding what else to sell to do so.

 

Perseverance will be rewarded.

 

Greg

Comment by bulkbeef on May 08, 2013 1:54pm
a couple rough quarters   A couple rough quarters!?!?!?    Wow, just wow.   Clearly, you haven't seen the 2 year chart on LSG.   From over $4 a share to a mere .32 cents in the last 24 months. 
Comment by geoffs13 on May 08, 2013 2:41pm
Boy there must be something really really wrong with LSG --no gold ,no mill or something .One idea is that the cost to mine,mill etc the present is to expensive and that the cost is greater than the gold that they mine.Sure hope Tony proves me wrong but but there has to be something  something wrong major wrong .At these prices it says there is nothing there only a new mill worth zero and no ...more  
Comment by canbeam2004 on May 08, 2013 4:31pm
Geoffs13, I'm thinking that you are right.  If there is something worthwhile in Timmins, why wouldn't someone big buy in?  I would have hoped Tony learned his lesson from the past projections/actuals, but I have this sinking feeling as the sp continues to slide, that people in the know are dumping pending some weak results.  Retail buyers like me, who live on a prayer and ...more  
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