WHY would anyone buy LSG when is recently at a 10 year + low of .27 cents?
What is the reasoning to buy this POS LSG? It IS producing ASu I'll give it that but its at a 10 year low of 27 cents that just went to 30 cents and I know a new company means fresh dollars, but ... WHAT?
Seems to me like this is a serious bargain buying this low. Once the gold prices recover, investor will start looking at companies with good financials and this one will certainly attract alot of attention. Just have to be patient with Gold prices...
companies in the mining industry with favorable Zacks Rank are Sibanye Gold Limited (SBGL) and Lake Shore Gold Corp. (LSG). While Sibanye Gold carries a Zacks Rank #1 (Strong Buy), Lake Shore Gold retains a Zacks Rank #2 (Buy).
This stock seems very undervalued. Who is dumping all that money into buying this stock? Seems like a buyback to me. I give it a year and this could be closer to $3 per share in my opinion. Remember this company has Close to 40 million in revenue, just think of how much revenue that brings in