I believe I understand now why LSG is priced so low.
They have $60M in current liabilities.
In light of this, everything else I posted previously should emphasize the risky nature of investing in LSG right now. After they knock this out, I anticipate a large share price increase in 2014, barring any major difficulties.
A lot can go wrong in a year. Why would investors want to invest in LSG and wait around for a year for big gains when there are other projects?
Ask Franco-Nevada and Sprott Lending.
With all this said, I cannot emphasize enough that comparing LSG to an EXS buy-out, for instance by AEM, is like comparing an apple to an orange.
It is not a valid comparison.
Understand the present. Create your future.
