Post by
goldhappy on Aug 13, 2014 10:06am
Exploration Reporting
Many of the analytical companies are pegging LSG just above the current price of LSG. I doubt they have factored in what is not reported. After all who is to know if / what / or the amout of gold LSG might find with the exploration drills. Some of us longs remember the constant supply of assay reporting coupled with higher gold prices that put this stock well above 4 bucks. Hothschild Mining decided to pull the pin when they were the first to have knowledge the mill was too small. LSG bottomed out at 16 cents one trade at 4 pm. Those days are long gone. Today the mill debt is well funded as is the current exploration drilling funded from surplus production funds via flow through shares. These points have already been blogged and are well known and sidelined by the analysts. We could be in for a whopping pile of good assay reporting and purhaps expansion of reserves. That has to impact the sp of a small company like LSG. Day trading may leave you on the wrong side when this reporting begins. Often share prices will rise before any announcement.Perhaps TD has got this point with a $2 price target. Stay long and strong and glta.
Comment by
Hesteruchom on Aug 13, 2014 10:13am
This post has been removed in accordance with Community Policy
Comment by
geoffs13 on Aug 13, 2014 2:08pm
If I can expand my question is there any way LSG can pay off the debt so that the debenture holders will not convert and water the stock ??