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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 > Bought more shares
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Post by goldhappy on Jun 27, 2013 5:21am

Bought more shares

Will LSG go to zero or back up is anybodies guess right now. I've seen mines spend a lot of money on development. Seemed like it would never end. Once the engineers turn on the production tap the muck really begins to flow. With the increased tons and grade and lower spending up go the profits. Everyone gets a pat on the back and money flows back. It seems like forever as the cash thins and the pressure grows as the development continues. Then that reversal happens. As I read idlefreebirds comments I can see a reversal coming. This is not hype for the stock. This is facts Tony even talked about this week. I may not see my $4 price for a long time but I am betting 25 cents is gonna look like a pretty good deal by the New Year.
Comment by HARJAY on Jun 27, 2013 8:13am
Won't this be a sigificant event in the rebound of the co." Following completion of the mill expansion, production levels will increase to over 140,000 ounces on an annual basis at cash operating costs below US$700 per ounce. The Company is on track to commence generating net free cash flow starting in September, even at current gold prices. Read more at https://www.stockhouse.com/news ...more  
Comment by skier59 on Jun 27, 2013 10:16am
At this price I had to take a position, just seems way too cheap :)
Comment by Plan-b1 on Jun 27, 2013 12:50pm
I thought it was clear from the postings on the weekend that... The plan was to buy at the open on Monday and sell at the close on Monday and keep your current position unless you were in the black for all holdings in which case you sell all of them. But considering the stock price did not tank yesterday with POG then maybe that signifies we are near bottom and I can see why you bought more. I ...more  
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