Lake Shore Gold (LSG)

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Lake Shore Gold (LSG)

Post  Max on Thu Jul 21, 2011 9:48 am

Had a whole bunch of this, and it just got slaughtered recently. Brutal.

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Re: Lake Shore Gold (LSG)

Post  lukera on Thu Jul 21, 2011 7:18 pm

i did a quick read of their last NR and i gathered that they are not producing the output they predicted and also scaled back their forcast numbers somewhat, is that correct?
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Re: Lake Shore Gold (LSG)

Post  Max on Thu Jul 21, 2011 10:37 pm

Yeah, basically the grade of ore is not as good as they thought. Forecast production cut by 40% or so, so stock price drops accordingly.

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