Ride the Tiger with CD Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ride the Tiger with CD

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: mimur who wrote (201238)	7/21/2011 9:31:06 AM
From: Veteran98	Read Replies (2) of 313100

Pescod comments on LSG..... LAKE SHORE GOLD (T-LSG) $2.16 -0.70 We all know that in the mining business, anything that can go wrong, usually does...particularly getting things done on time. That never happens. But still, once a mine is up and ready to go into operation you would think that most problems are behind them, wouldn’t you? Lake Shore Gold today, unpleasantly surprises a lot of followers as Lake Shore Gold announced quarterly production was little more than half of what was expected and has cut its full year production, forecast to a range of 85,000—100,000 thousand ounces. This has virtually all the analysts downgrading the stock rather dramatically. Barry Cooper, for CIBC, writes “We expect that the market will discount future plans for expansion given the weak delivery performance that the company has provided since starting the mine. We sense that reserves at the Timmins Mine will need to be restated using a lower grade. New mining plans are likely to incorporate inclusion of lower grade material and with that will come both high operating and capital costs for the Timmins mine”.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next