* Lake Shore Gold Corp : RBC cuts target price to C$1
from C$1.70 to reflect ongoing operational uncertainty and
execution risk associated with the company's Bell Creek Mine
expansion and operational issues at the Timmins West Mine
Gentlemen, that is $1 a year from now, not tomorrow, not month end. A year from now!
Sort of agree. Thanks for sharing this. However, this isn't really a bold call. Analysts are CYA masters. If gold breaks out upward, this will be meaningless. I wasn't excited by their Q4 earnings--Cash costs a little on the high side, production static w/ Q3, but if they can execute on their 2013 production, it will be interesting. A new CEO would help as well.
August. Do not hope for CEO. Other senior personnel either quit or canned and the promises are still coming to trust him! Makushie is in bed with major investors who have taken advantage (as we would too if in thier position) of the poor perfromance and execution by Makushie. The majors have TOLD him what he is to do on their behalf and that means lousy results to drive down the share value so they can then get cheap conversion options and LSG gets saddled with high borrowing costs.