Post by
jpgoldilocks on May 05, 2014 8:49pm
Buyout inevitable
All the larger players are trying to acquire. Consolidation is happening, and a producing, low cost company in a safe jurisdiction like LSG is a ripe target. Within 12 months, we'll belong to someone else in my opinion. I, for one just hope that we can get the share price up to $1.20 or $1.30 by the time it happens and hope for a decent premium.
Comment by
Goldhound3 on May 06, 2014 12:01am
Lsg will most likely get bought out for around the same price as Brigis Gold did which was just under a buck..
Comment by
dutchmann64 on May 06, 2014 8:33am
.......not a chance at less than $2.00 plus shares in the new entity.......FRANCO NEVADA and VAN ECK have big bucks in this and they won'nt sell at a loss......be sure of that.
Comment by
rusted1 on May 06, 2014 9:37am
don't forget sprott and the convertibles buyout would require premium above at least $1.40 imo
Comment by
dutchmann64 on May 06, 2014 10:00am
.....exactly my point;.....and they are not going to settle for break even $$.either. Go long and stay strong.