Lake Shore Gold (LSG.TO) Buy, Sell or Hold

Lake Shore Gold (LSG.TO)

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25 watching

COMMENT

Cheap but it is a “show me” stock. Have a lot of execution over the next year and have a lot of CapX. Doing a fair amount of development work. You have to be patient. Good assets. Have a lot of stuff that they can’t even develop and move forward with because they are somewhat cash constrained. Has great potential going forward.

DON'T BUY

Terribly slow. Issuing a lot. A lot of people don’t like it or the management. Has a dream that someday it will go down deep under that territory which is where Dome (?) Mines evolved and the miners did not have the technology to go deep enough to get the grades. Management is not saying anything about this. In the short term, he doesn’t see too much resurrection. There are better gold stocks to buy.

DON'T BUY

(Market Call Minute.) Cost of production is high.

HOLD

Has been a disaster. Possibly you can see a break of the downward trend and some support. Don’t buy but wait if you own it and see if it breaks out and you can recover a little bit of your money.

HOLD

(Market Call Minute.) Company has been turning around their operations and have addressed their balance sheets. He wants to see another quarter or two of good operations.

BUY

(Market Call Minute.) Got significant support from Franco-Nevada (FNV-T) recently. Excellent management.

BUY

(Market Call Minute) So beaten up. Made in Canada story. Timmons Camp. Ok production. Sees growing production in the future.

COMMENT

Gold group has come off in the last month or 2 because 1) general correction in commodities and 2) higher costs. This one has had production delays, didn't meet expected guidance and a recent large issue to raise funds. Looks like they are bottoming out. Golds should start going up again.

BUY ON WEAKNESS

Fairly good name. A lot of value in the stock. Company just started production last year. Budget this year is based on $1650 gold price and their expansion requires $160 million in CapX and their operation is going to bring in about $80 million. Expects the market is concerned that there is not enough cash to bring on the development that they want. Would buy this if the stock went a lot lower.

SELL

Have spent virtually all of 2011 mining less than half of their reserve grade. Have had a lot of operational problems.

HOLD

The issue with this is that it is in phase of getting into production, which is a period when a stock will just linger.

COMMENT

Was a bit of a dog last year and then late last year and early this year it started to run but has now pulled back again. The chart puts the odds in your favour in an immense way. If it goes back to $1.20 level, treat it as “all bets are off”. Sentiment indicators are at a low and may stay at a low. Risk/reward is fantastic.

DON'T BUY

Have some operating issues last quarter. Lower grades and they have to go back into the mines and redevelop them. Expect it will go sideways until they get more credibility.

DON'T BUY

A decent name but look at the large cap names in this space right now. Prefers G-T or ABX-T

COMMENT

Gold in northern Ontario. Had quite a few problems and operating costs are quite high. Looking quite interesting, because despite its problems, it has several million ounces in resource.

Showing 46 to 60 of 105 entries

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Lake Shore Gold (LSG.TO)