- "Craig Johnston", who is Precious Metals Anal yst at Scotia.
- "LSG Management", who are liars.
- Friday Rumours Fueled the Expedited Negotiations: Craig Johnston noting that after a conversation with LSG management this morning, the company stated that the whole process moved quickly over the weekend following the market speculation on Friday. In short, the company was in in preliminary discussions, but nothing had been made concrete; and hence the disclosure in their press release on Friday, saying they were not aware of any material, undisclosed corporate developments. LSG management also noted they were not actively shopping themselves around; however, flagged that a key rationale for the deal from the LSG perspective, is that it provides a balance sheet to further develop the Timmins Camp quicker than under LSG ownership given LSG's balance sheet constraints….
Allow me to be crystalline in my clarity on this: The title of Thursday's scoop post included the words "late stage" for a very good reason. They weren't in any way, shape or form preliminary. I'm not going to tell you how I know because that little snippet may compromise my source in the Reno head office, but I know all right. As for the reason LSG management are bare-face lying to the public, well that's because their stock traded after that NR of theirs last Friday and they now realize a little late but the penny has dropped, that their US ticker might not be covered by that legalese use of the word "material" in the denial-that-wasn't-a-denial. In short, they fear a lawsuit. So they're lying to cover their tracks. Which makes it easier to understand why they think there's close synergy with TAHO, what with their awful track record on disclosure.