HUGE short pos uncovered in LSG - don't sell at $1.01 - info
Look at the bid today - tell me when you've last seen large blocks sitting out there? It was the spring of 2012, when LSG announced they sold 5% of the co to FNV at $1.49.
I just bought another 2000 @ 1.00 - no way I'm selling at 1.01. Look at the nasdaq site to verify the huge short position - with today's China news and Spain forced to act soon, the backdrop for silver and gold is getting better every day imo.
Agree. Writing on the wall (original biblical verse to which it refers is a verb--a hand writ ing on the wall). LSG is fully funded with decent terms. It is a producing company (not great, but good grade/reserves) in a great jurisdiction. OK management. Shorts & synthetic variants thereof peddled by Goldman (which is probably long the metal and quality miners now) have pretty much overdone it. Locked and loaded. Choose your metaphor.