Loading ...LSG is being bought by Tahoe
Hit the wires this morning…
http://finance.yahoo.com/news/miner-tahoe-resources-gets-ontario-123737540.html
What a joke. Why Lake Shore felt they needed to deny this on Friday is beyond me. Also, is Goldcorp just going to let the Whitney project go?
Thanks Cashcosts, what’s your trading approach?
Well frankly I’m pissed. I sold the 50 percent I added on Friday morning from 1.01 at 1.06 when they came out and denied the rumor. I still have my core position that I have had for months. I think the market will tell us… we need to wait and see if LSG begins trading above the implied offer price. Then we will know if the Goldcorp shark is circling as well. I’m not selling right away personally, but that may not be the best guidance. I also think TAHO should be a bit higher than 8.40 USD considering the mega rally we just had in gold.
You know, I should have known when a member of the Goldcorp Gang is involved… BS like this is bound to happen. This is why I never give my money to anhything that has ever had anything to do with Goldcorp ex-McEwen.
And now?
WE LSG shareholders will be transformed in Tahoe shareholders or what?
Not me. I sold my Lake Shore at 1.21 this morning. That may be the wrong trade but I’m kind of disgusted by this whole thing. I want nothing to do with TAHO.