Post by
goldhappy on Oct 10, 2014 1:31pm
LSG not so bad as some have posted!!!
Tony made a choice to produce gold. Hochschild Mining plc bought a wack of shares in 2008 and later. Tony had a good financial partner perhaps someone looking for control? Share price rose on speculation. LSG had a very good exploration program. Then in 2010 Hochschild Mining bailed some 109 million shares and more as time passed. This was at a time when there was far less shares outstanding. Hochschild took a lot of shareholder money. They had inside information and used this information to take a lot of money out of the company....LSG. I think Tony may have been blind sided at that time. Since that time Tony has taken us through a major world financial crisis with borrowed money...borrowed because of Hochschild raiding LSG shareholders. Tony has proven himself as a rock solid manager. He did not cut and run like others may have done. He has built a very respectable gold producer that is able to pay back its loans on time. He has also sparked up a very lucrative exploration program. We already have more exploration success at the 144. Now he is adding a drill. These people are careful with money. Three drills would not be drilling the same location if great results were not anticipated. Three drills on short to mid depth holes will give us a pile of assays in the new year. Maybe another bonanza!!! In any case we have weathered this ride for many years. LSG is what Crammer might call an orphan stock. This company can pull off a double easily this coming year if not higher. All is not riding on the price of gold. Exploration success will be a major contributer.
Comment by
LexMark747 on Oct 10, 2014 2:17pm
I totally agree with everything you have said.....But I do have one sincere question.....Why hasn't Tony put in any of his own money into a Lake Shore Gold Investment?
Comment by
rusted1 on Oct 10, 2014 2:31pm
his last buy 200,000@.78 april 2012 2076336 2012-04-25 2012-04-25 Direct Ownership : 10 - Acquisition or disposition in the public market +197,000 0.7800 297,000 2076339 2012-04-25 2012-04-25 Direct Ownership : 10 - Acquisition or disposition in the public market +3,000 0.7900 300,000
Comment by
LexMark747 on Oct 12, 2014 9:52pm
I didn't realize Tony had put his own money in .... if so, where did you get this information from?
Comment by
castle123 on Oct 12, 2014 9:24pm
Hold on for another year! Don't sell just before it gains significant momentum.
Comment by
goldhappy on Oct 14, 2014 9:22am
allthewaydown...just to follow up about Hochschild....it was not meant as hate news. I was trying to explain my high opinion of Tony as a leader. He is still here through thick and thin times. LSG is very successful. The stock price may not reflect that. Now that LSG is diamond drilling and paying as they go I expect this company will grow in size. It is a very long hold and not for everyone. GLTA