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increased volume probably a reflection of many bloggers here buying up more shares rather than new investors..momentum has yet to play a role with LSTG..
Mexican facility is government owned -- doubtful if a foreign entity LSTG would escape high taxation -- er, extortionist fees for lack of better word..
I am with you on the Nukes -- Oshamo and Foot-in-mouth Biden need to grow a couple of pairs..
JR11 -- Central banks -- not banks in general. China has always been hot for gold, as India -- nothing new there. Diamonds are now their chosen love affair..The issue is whether Asian economies can continue to grow..silver and iron ore are much more desirable for industry in the immediate term. And that's where LSTG ought to be focussing..churning up gold is, well, a given in places like Mexico -- Just be aware of irrational exuberance and unrealistic expectations. Besides, now we have the bobsy twins, Kim Jon Un and the whack job in Iran, to deal with and their joint efforts to disrupt the markets with nuclear threats..
Beware of irrational exuberance.. the Central Banks are controlling the metal markets.. at best, a slow-grinding stock like LSTG is an insurance policy..having said that, I am in to the tune of nearly 300,000 sh.
Dan et al need to get the load out of queue at the Mexican facility before it becomes a loss -- I have said time and again, that the government facility wasn't going to work out and LSTG ought not be reliant on any timely ability of the politics to resolve the on-going disputes. The sizable load at the facility could be confiscated or somehow forfeited..construed a bribe of some sort which would send this stock price to zero in a hurry! Beware!
the 3rd party infusion company is getting a guaranteed low share price for the funding so there could be a reason to keep news under wrap until equipment is functioning..making over-embellished statements isn't permitted by the SEC.
Enim -- I have been suggesting it for months now..there must be some reason why Dan et al are not going full bore with that plan..
Or, the potential political football may be the push Dan et al need to ramp up washing plant plans and not wait for an outcome either way.
I'm with you on Vegas..and the crap shoot!
Great! I'll take a case of Sam's summer ale --which one will arrive first, tailings revenues or summer, is anyone's guess at this point. I would like to think the Mexican Gov't is a reliable partner here, but the track record doesn't look promising..Still don't see why Dan et al are not going full bore with the washing equipment rather than waiting for old facility to get its act together...I thought there was adequate funding to make this possible..
I have to agree Dellucci - something isn't adding up and there is very little for JRII to base his optimism on and within a short term horizon..
I thought I noticed a "backside" photo of Dan in one of the website pictures, pointing toward the mining pits -- I have not been on the site for a long time so this one picture may not still be there. Dan isn't very old but from what I understand about him, he is a plodder and tends to be on top of things. The concerns of several contributing bloggers herein is reasonable in that Dan et al may have bitten off a bit more than they can chew..which is all the more reason to seriously consider partnering options..to do whatever it takes to move this venture along more rapidly..
Bottom line: to obtain proof that LSTG has something worthwhile -- the short term cost involving the transportation as you note is less of a concern than demonstrating the washing of the initial 6000 tons are in deed valuable -- verifiable data is the major concern so better to spend the money upfront to get the data or LSTG is just spinning its wheels..If this were not the case, then more trading would have occurring since the time of this publication you refer to. It has been well over a year and the downward slope in share price is a direct reflection of a lack of confidence in the "paper" details -- It is put up or shut up time -- because the bigger miners will easily choose another outfit to put time and money into..
There does not seem to be another plant -- what about hitchhiking onto a larger miner's facilities as a means to get partnered -- the overall lag in the gold and silver markets appear to be political as well as over extended capital in play in light of increased cost to maintain production levels -- it HAS been quite expensive to mine since 2009!! No thanks to US administration.
I still come back around to the fact that there is a hunt going on and the companies who gear up the fastest are going to get the better big miners to partner with.. time is going to become critical. Look what happened to Hecla versus Coeur D'alene -- both started off comparable companies but one took the fast growth route through partnering while the other got bogged down with self-prided management and essentially lost out on the most recent run up in silver -- fast forward three years and the "loser" is playing catch up and on a positive note, has become an expert in underground mining which gives it an edge for deposits requiring that expertise.
While Tomas is keen on maintaining relations with Mexican Gov.'t, which will drag its feet for as long as it wants -- LSTG goes nowhere in 3 months time -- rather, it makes sense to get results from this first 6000 load and to get done fast so that there IS something to write about. Momentum is everything when it comes to investors and ample cash infusions.. Look at Lydian International -- it is getting others, banks, to fund their construction.. Alguz, stop focussing on what could be insofar as reserves and a corresponding value. Until there is irrefutable proof of what content washes out, LSTG won't get a nibble in the way you hope. As far as engineering goes, the DATA is all that counts and nothing else.
Ferris et al need to find someone to take our dirty laundry and make it sparkling clean immediately!
The other critical thing to keep in mind is the rate of nationalism of mineral resources --several mineral rich countries are accelerating this process -- Brazil, Argentina, Mongolia, Russia to name a few -- which seriously bogs down operations despite any third party infusion or cash positive companies. Many small and mid-tier miners are in a slowdown mode until "deals" with the governments are worked through. I don't know if Mexico is going in this direction but if it were, this would be a major blow to small mining venture companies like LSTG -- this company needs to take back its 6000 tons of tailings and process this load through its soon to be on-site plant -- the sooner bigger miners know you got the goods, the more attractive partnering is..take a look at Santacruz silver or Mag silver..
Yup -- I have said it many times before -- speculation of "facts" is a useless venture. LSTG either has the go-ahead to build the plant or not..The april/may date is irrelevant. The company needs to be specific about it having obtained the building permits and whatever licenses are required by the Gov't to get up and running..That's pretty much all we need to know at this juncture..
Like I said earlier, dilution would be part of the equation with Deer Valley or any other infusion company. Still, I would like to know if anyone on this blog has insight about the construction of the processing plant -- what is the timeframe to build this thing as lead time in excess of 6 months will cause the stock to stall. Momentum is important and Locklamp's recent analysis would be less impressive -- not a slam to Locklamp -- only the premise of a $.50 - $1.00 share price by April 2013. Also, I would not believe that the Mexican government would move quickly to approve the bulk of building permits -- unless it gets a kick back! feedback is welcome..
Sorry, CDE executed a 10:1 split --
The idea of a reverse split worked very well for CDE, Coeur D'ilene (spelling?) in its silver mining venture. I recall when shares were trading at about $.70/share in late 2008 and within a few months a 100:1 reverse split was done to attract outside cash to ramp up operations in a hurry. A year later the stock was trading above $15/share. A huge cash cow!
Those were volatile times and while I don't doubt there is volatility headed our way yet again, it really matters if the reserves are "proven" rather than described as "potential"..More diagnostic data from Dan is needed very soon..
..seems that many mining companies have gone this route to bring in outside cash quickly --
To better attract investors, perhaps a 100 fold reverse split would follow the tailings revenues..
Been out of touch for a bit..so where is the logjam for LSTG at this point? Anything scheduled to happen in the next two weeks or so?
It is possible for the stock price to rise quickly for openers and then settle back down -- however, in the longer run, this venture needs a big time backer as bigger money will be needed to get the life out of this mine. Otherwise, it will become unproductive.
So we have a heavy load waiting to be washed...how long does it take for the washing process to occur and to become sold? Basically, what is the lead time from the time of delivery of the tailings to the plant to the point of sale..anyone know?
Mucho denaro -- and Mexican politics can be life threatening to competitors..We need a big time player here to push this along..or it might never come to fruition.
If you look carefully at the SEC suit, it does not rule out further review of the other 90 companies that includes LSTG from becoming part of the suit -- the date of the transfer agreement between Fairhills and Deer Valley will come into question as the registration of the transaction occurred on November 21, just before Fairhills' offices were raided.
Not good folks -- we need to know what Dan is up to!
I know the feeling and Ferris advocates patience which isn't a bad thing -- but we need some good data!
Hi all -- I am a newbie poster, have also been reading along like SallieMae.. I am in pretty deep as well, having taken an educated chance with Ferris and Lone Star. Turned a gain in one trade last December but it has been downhill eversince. This has got to change soon..