Post by
theancient on Jan 18, 2015 6:19pm
RE:RE:2 buck shares not far off
Well done, Turtle. since the last discussion, the POG($1200) has gone up, lets assume LSG's reserve and productionss are constant, and the POG go up to $1300 and stay there, for every $100 increase in the POG, LSG's bottom line will increase by $0.04 ($100 x 200,000oz./500mln sharres), if you assign a P/E ration of 10 to $0.04, that's a increase of $0.40 to LSG's share price. the key here is the higher POG is sustainable, even Brahma knows the POG moves LSG, LOL.
MY alzheimer's told me that Brahma is out of LSG stock, he bought at $0.86, sold out at $0.91, since then LSG hasn't been lower than $0.91, he'll have to reestablish an entry and exit point before he can do his ego-barking(bragging) again. LOL, CHEERS GLTA
Comment by
BrahmaViddo on Jan 18, 2015 6:54pm
Waiting for the gold correction (pull back) to happen this week or next