Post by
Trashenstein09 on Feb 21, 2016 11:26pm
Had lunch with a Mining expert today
Today I met an expert analyst whose job it is to travel to properties and mines all over our globe. I brought up the subject of Tahoe to which he was very familiar. He talked about the silver properties in Guatamala and Peru. He acknowledget that silver has been hard hit; gold not as bad. He acknowledged the political uncertainty in Guatamala. Then he discussed the agreement with Lake Shore gold....Basically, he spoke of how such an arrangement will help to diversify Tahoe's portfolio of properties. He also acknowledged that Lake Shore investors aren't too happy with this deal. I told him I was one of them.
He didn't have much to comment about how news of the merger made it onto stockhouse a few days before LSG actually announced the deal almost 2 weeks ago. He also said the OSC will call for a halt if trading is unusual. As we all know, LSG did release a press release at the time of the halt declaring no reason to account for the trading volumes. He further commented that the OSC does monitor stock chat boards. Whether they are looking into the issues from 2 weeks ago remains to be seen.
What I took away from this talk....good deal for Tahoe, not so good for LSG shareholders. We already knew this.
One other thing, when I brought up the names West Timmins Mining and Holmer Gold Mines....it brought a smile to his face.