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Lake Shore Gold Corp. Message Board

  • allsport232323 allsport232323 Sep 27, 2012 10:59 AM Flag

    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.

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    • 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.

      Sentiment: Buy

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