Post by
goldhappy on Jul 01, 2013 1:34pm
Exploration
I originally bought LSG as a solid exploration play. Tony got me all excited announcing 100,000 , 200,000 and 300,000 oz of annual production. I then decided to invest quite heavy for my little saved cash. I was one of the little investors with $4 shares to find out the mill couldn't handle his lie...outright lie !!! Since the great loss of those earlier days I have bought this stock right down to 28 cents to protect myself of possible take over....my greatest fear. Bankrupsy never really entered into my thinking...rather nieve of me. Well I think Tony and the board scooped my easy cash and have used it wisely. At these lower share prices it has given me the ability to even up the heavy loss I might have taken. It has been a long nasty ride. I do believe the company is being managed very well right now. Tony stepped up to the plate and eased our mind shortly after the day our stock fell to 16 cents. Tony has built 2 very fine low grade mines a rather tough task. Tony has led this mill expansion through thick and thin and is very close to completion. This really excites me as we should soon be in a cash possitive postion. The gold price will move up and down but I see our debt being paid down quickly. My big day will come when Tony annouces more exploration success. I am very hopeful some of that free cash will flow into the unfinished exploration work south of the Timmins West - Thunder Creek area. It has some of the best potential for higher grade ore. This higher grade ore can be easily mined and transported to the expanded mill. Profits then can be utilized for further growth and added shareholder value. People forget what a great exploration potential exits within the property boundries of this expanding company. All this for 32 cents. What a great opportunity for a long profitable hold in my opinion. Sorry about some of the spelling...can't find the spell checker? Happy July 1 !!!