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Bullboard - Stock Discussion Forum LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

TSX:LSG.DB - Post Discussion

LAKE SHORE GOLD CORP 6.25 PCT DEBS > RE:Looking for breakout
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Post by theancient on May 08, 2015 9:29am

RE:Looking for breakout

The employment number is just as good as they expected, but the revision for Feb. and March is bad, so a breakout is highly possible, atleast the downdise risk is very low in the foreseeable future. LOL CHEERS GLTA.
Comment by SKRiderFan on May 08, 2015 9:41am
ancient, agree on a breakout, volume is down and sp is rising, maybe van eck is soldout on their lsg. they had 31 mil as of dec 31, that would have kept sp down
Comment by ub40eh on May 08, 2015 10:29am
GDXJ didn't sell out its position, They are holding 34,301,681 shares of Lakeshore at the moment...... we are 2.22% of the fund. Here is the link for you https://www.vaneck.com/market-vectors/equity-etfs/gdxj/holdings/...... have a good one,
Comment by HARJAY on May 08, 2015 10:40am
Major Shareholders  LSG   Funds Institutions   Name Shares Held % Total Shares Held Shares Change % Chg from Prior Port % Total Assets   Date of Portfolio   Star Rating  ...more  
Comment by ub40eh on May 08, 2015 10:54am
28.16% institutionally owned... NICE!! we've come a long way.....
Comment by shawk on May 09, 2015 11:49pm
28.16% is indeed impressive. Then there's Goldcorp and Barrick. Goldcorp received LSG shares when they sold the Bell Creek property and Barrick received LSG shares when they sold the Fenn Gibb property. Whether they still have them or not I'm not sure. Interesting to note, we still share a Director with Barrick, Peter Crossgrove. Potential Suitors 1. Teck 2. Goldcorp 3. Barrick 4. ?
Comment by goldhappy on May 10, 2015 2:52pm
shawk....do you think after selling LSG shares by the box car load for over 3 bucks that our old bandit Hothschild Mining might have already stepped back into the LSG arena? Lets not forget the very new wealthy Chineese that have plenty of cash and are always looking for gold.
Comment by shawk on May 11, 2015 4:43pm
I doubt if Hochschild is sniffing around LSG again, I suspect they're struggling with the absurdly low price of silver, trading at a 72:1 ratio to gold. The Chinese? My theory is that the Chinese and Teck will make a joint offer for LSG. The Chinese would then own 50% plus another 15% through their ownership in Teck. And then they're in Goldcorp's back yard, which is itself a juicy ...more  
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