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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:TD Maintains Target

[davgro]

Timminsgold wrote: There is a strong rumour on the street that a takeover bid will be made shortly. The shares are acting in the manner before such a takeover offer is made. They will knock the price down and then make a low-ball offer. This is a replay of the nonsense we see too often in the type of scenario. TD has a target of $2,00 a share. You better believe when an offer is made it will be at a much lower level.

Haven't heard any rumours specifically about LSG but have heard that IAMGOLD could be looking for an acquistion(s) in the very near future.

They  will have $660+ million in cash and equivalents, an unused credit facility of $500 million and total liquidity of $1.3 billion following the sale of its Niobec mine in Canada.

At a premium of 40% to today's close you could see an offer in the CAD $ 1.25 range.  A not so bad return unless you bought in 3+ years ago.

But these are just rumours and speculation of course.