Is anything I said inaccurate? If so, I'll gladly retract it. I may have let a little of my own frustration with the situation at the plant creep into my post, but I think my facts are correct.
I thought long and hard about whether to post the information I've taken from the local press in Parral, precisely because I know it will be thought of as negative by many who read it, and used in a negative way by those who have an interest in driving the stock price down. I decided to post the information because I think it is important for all of us to have the best information we can get to make informed decisions. I think it would be wrong of me to withhold information I believe to be both accurate and material. I don't think the speculators, pumpers and/or short-sellers will be able to affect the stock price much once LSTG begins to generate revenue, so I guess I'm not as worried about them.
I see the situation at the plant as an unfortunate fact of life that LSTG has to deal with. The Company is working to build its own plant so it can do its own processing without depending on the Mexican Government's plant. As I've said before, that's a very good thing for LSTG to do. I believe LSTG has reported that it has another buyer for its concentrate as well. When the Government plant does come back on line, LSTG has reported that it has 6000 tons of material ready to go. The equity financing it recently obtained should enable it to survive until it begins to generate cash from operations. It seems to me that LSTG is doing all it can to begin generating revenues from this project.
I know I don't have the full story on the recommissioning of the Government plant. I'm sure progress is being made toward returning it to full operation, but I don't see a clear timetable, and I do see some specific problems that have to be resolved before the Government plant can come back on line. That's my take on the situation. I would be happy to see more from the Company, who have people on the ground down there, and are presumably in a much better position to tell shareholders about what is happening.