Post by
goldhappy on Jan 24, 2015 12:01pm
Cuurent Events
half price oil , 20% dollar discount , hike in gold price......
all in cost may be down to 800?? selling at almost $1600 per oz CAD
Produce 200,000 oz this year at $800 per oz is about $160,000 million CAD profit....
That's if LSG can maintain these levels.
I hardly see this stock dropping.
Add to that the possible new reserves and what about a mill expansion. New potential feed from the 144 area. That only escalates the future growth. All this for a buck and a bit.
Almost forgot the GIANT Bell Creek Mine !!!
Who ever is the large volume buying during the day is very careful not to drive the price up quickly. Someone is buying the shares when you see the daily volumes at current levels. Is it all one outfit gathering 10% a little at a time. Is it several companies doing the same deal. I'm going to play my hand to the end of this game.
Comment by
Shlinker_ on Jan 24, 2015 12:08pm
goldhappy, i agree with your statements, but one thing, the high volume means someone is selling also, and the stock has gone parabolic as is. The shareprice has not been held down the last month. A good buy back at 1.05. Cheers.
Comment by
Timminsgold on Jan 24, 2015 12:28pm
Takeover Offer It is well known that a "third party" is warehousing LSG shares as part of a takeover offer. Management would like any offer to be at a higher price. They have signed 3 NDAs with potential suitors. Shareholders can only hope any offer comes later, rather than sooner and at a much higher price.
Comment by
bossu on Jan 24, 2015 2:07pm
Where did you get that information about these potential suitors and the 3 NDAs Any names? Did you speak with Tony? I call that pure speculation from your part.
Comment by
mary-ally-smith on Jan 24, 2015 2:59pm
bossu, it is likely true as it is not as uncommon as people think.