LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

RE: WHERE'S DIGGER

[digger144]

Hey Behind8...

You are absolutely right....dodged a bullet...big time!

If you refer back to my most recent posts leading up to my "Difficult Decision" post...you will discover that I was leading up to my decision over that time period...I did not like what I was seeing!  In the end.....my "gut" made the final decision for me!

Trust me on this one....I really feel for the people caught in this nightmare!

I was hoping that fellow shareholders that I have come to know would follow me out!  However, the final decision always comes down to the individual who owns the stock.

I shared my thoughts about what was going on leading up to my decision and it was my hope that I was helping in someway.  Sometimes we get too caught up in a stock and do not take the time to take the "blinders off" and determine what is actually going on.  I was really fortunate this time around!  Lucky...not so much...I spend a lot of time on research, study and educating myself and I go through a lengthy thought process before I make a final decision.

Let us deal with what "you" have...those that are still holding.

Today could be considered a day of "capitulation"...is it over?...I am not too sure!

I am sure that many had bought on the way down...thinking...wow...this is a great deal...I can make some easy money...that theory has been proven wrong...losing more money.

Now do you chase and lose or tie up more of your hard earned dollars?

In my opinion...most definitely not!  Let this thing play out and start to base...then you can consider buying some more.

We must not forget...Gold is about to break out and "most" gold stocks are about to do some catching up....even if gold does not go much higher...it just has to stay is this range...but...it will make a major break very soon!

You must ask yourself...do I want to put more money into this play and have it take on the role of "dead money" or do I want to put additional money into another play that has good upside potential and make back some of my loses.  I would pick another play at this point in time.

In my opinion...."they" have really messed up the Timmins MIne with their historic development and the plan will be to basically start over which is why they have brought in some "new blood".  This is going to take a lot of time and the fix will be a difficult one!

The important thing to keep in mind is that  over the next 12 to 15 months the through-put at the Bell Creek Mill will only be about 2,000 tonnes per day at an average grade of about 5 g/t per tonne. The question is...can they even produce this or will there be more problems?  If they mess up the Main UM1 Stope which they will be in by January 2012...the problems will go on for years.
There is no doubt in my mind that they have some major issues to address in regards to the MIne Plan and this will take a long time to address.

Yes...you can trade this for a bounce...but...you do so at your own risk!

I would let it stop falling...there are 400 million shares out there and if more decide to do what others have done...then tax loss selling will begin early.  Remember, the sellers are preserving capital and will use it to buy into another play and make back some of their losses....if not all of it!

Be careful....Good Luck to All!

Digger144

P.S.  What a Mess!