Post by
ossyw11 on Aug 15, 2013 7:28am
Inflection point around the corner?
Well, well, well....all of the bashers are gone and LSG has bounced over 35% since we started buying Merrill's shares in the high 20s. Once all of the guys come back from the Hamptons, expect to see more attempts to shake out your shares. Don't be fooled and don't sell to them. Any dips are excellent buying opportunities for this little gem.
I'm now advised that my only concern with LSG is no longer an issue. One of the big rumors on Bay Street was LSG's potential default of its debenture with SAM - they were salavating at the possibility of steam rolling in for the steal. That is not going to happen as all is well on the covenant side; and they have sufficient cash and cash flow to move all projects forward with ease. Excellent work Tony.
The project is humming; gold pours are increasing; so given a juicy fall gold market and certain re-entry (and short cover) by the institutions in NYC, expect to see $0.65-$0.90 soon. The big bounce will come when the 7-9mm shares needs to cover - which will likely happen in September.
The fun now begins...congrats to the believers and GLTA...JRMJ
Comment by
Eagle-Arc on Aug 15, 2013 8:52am
Well, Well, Well, Well put ossyw11, LSG'S foundation is now properly established , there is no turning back, it's just a matter of time now & we longs can wait it out.