TSX:LSG.DB - Post by User
Post by
bossuon May 15, 2015 11:28am
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Post# 23732891
How to ''crush''the $ 1,40 barrier
How to ''crush''the $ 1,40 barrierOn May 31 when the last gold loan payment will be made and the senior secured debt wiil be paid Tony shoud announced normal course issuer bid for 10 % of convertible debenture (subject to the acceptance of the TSE).This would be a continuation of the willingness of LSG to accelerate the debt repayment and reduce the cost associated to the convertible debentures and cancelling part of the shares that would be issued to some holders od the debentures.By this time cash and bullion should be at 85MM to 87MM
And not but the least, a positive updated of the exploration progam on the 144 Gap Zone and the lenght of the drifft and possibly a drilling station at dept in operation would give the nessary bost to crush the $ 1,40 barrier.!!
Indeed exciting time to come in the near future.