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| | Corporate Profile: Lakeside Minerals Inc
Publisher: Kaiser Research Online
Author: Copyright 2013 John A Kaiser
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Lakeside Minerals Inc (LAK.H-V)
| Lakeside Minerals Inc listed on the TSXV by Wolverton IPO on Feb 5, 2002 as Grasslands Entertainment Inc, a producer of TV programs. In 2009 Grasslands attempted a change of business to become a merchant bank specializing in the resource and energy sectors but instead on Jan 4, 2012 did a 5:1 rollback, completed an RTO of Lakeside Minerals Corp which had gold and rare earth prospects in Quebec, and changed its name to Lakeside. Its flagship project was the Launay project in the Abitibi which covered a 17 km deformation zone which CEO Mario Justino explored for Archean lode type gold deposits until Mar 2014 when he was replaced by Yannis Banks. On June 12, 2014 Lakeside did a 4:1 rollback and then bailed out two CPC by merging with one (United Capital Corp) and letting the other (Canada Pacific Capital Corp) invest its cash in Lakeside and distributing the Lakeside stock to its shareholders before dissolving itself. In April 2015 Lakeside proposed to acquire the Misery Lake rare earth project from Peter Cashin, the former CEO of Quest Rare Metals who had received the project as part of his severance package. Misery Lake was a rare earth project which yielded significant scandium intervals within late stage dykes that cut across the syenite intrusion. Lakeside planned a $0.03 financing to be followed by a 3:1 rollback and the issue of 13.5 million shares for Misery Lake. When nobody wanted to buy the PP, Lakeside increased the amount to 21 million shares, but in Oct 2015 the transaction was abandoned. On July 6, 2016 Lakeside was moved to the NEX board. |
Key to Understanding IPV Charts and Spec Value Hunter Tables
| An IPV Chart is a graphical presentation of a Spec Value Hunter table that has been constructed according to the Rational Speculation Model developed by John Kaiser. The IPV Chart allows speculators to identify which projects offer poor, fair or good speculative value in both absolute and relative terms. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted capitalization, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production. |
| Green background indicates the dream target judged appropriate for this play by John Kaiser - otherwise unranked. |
Poor Speculative Value -   |
Fair Speculative Value -  |
Good Speculative Value -   |
| Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits |
| Click on the company name to view the company profile, the project name to view project details. |
| Click on the project icon if its background is shaded to get the IPV Chart for that company. |
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