Re: Looking for an entry point...
posted on
Nov 03, 2011 08:59AM
Emerging Mid-Tier Gold Company - Timmins
..Primed24, ..i just started looking at this play and see alot of upside from the current price. Trying to pick bottom is tough with mining stocks because of the every day problems that arise. LSG with 3 operations feeding the Mill could keep the mill at capacity and has plans to add their new mill which could triple there current output. LSG price fell because of there high strip ratio adding to the production cost which alot of junior producers do during development.. I don"t see alot of orders on either side (
T:LSG Depth by Price @08:42:25![]() |
Bid | Ask | ||||
Orders | Size | Price | Price | Size | Orders |
2 | 5,655 | 1.65 | 1.65 | 27,000 | 4 |
2 | 11,000 | 1.64 | 1.67 | 22,500 | 3 |
3 | 13,000 | 1.63 | 1.68 | 13,400 | 3 |
1 | 3,000 | 1.62 | 1.69 | 18,000 | 4 |
2 | 15,760 | 1.60 | 1.70 | 26,500 | 10 |
...) and although alot of shorts going back 2 ws (
Short History | ![]() |
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Symbol | Report Date | Volume | Change | % of Float | ![]() |
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LSG - T | 2011-10-15 | 2,709,932 | 737,341 | 0.68 | ![]() |
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LSG - T | 2011-09-30 | 1,972,591 | -271,463 | 0.49 | ![]() |
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LSG - T | 2011-09-15 | 2,244,054 | -709,906 | 0.56.................keep an eye Friday to see what direction the shorts are going. |
..I would, if i wanted to buy, buy some now and keep adding on down days and not try and pick bottom as alot of tax selling has already been done and new Fund positions are on the buy..LSG has a good mining plan and alot of reserves and decades of mine life....PS" i don"t own any shares,..Traps7