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

Metals & Mining Gold


TSX:LSG.DB - Post by User

LAKE SHORE GOLD CORP 6.25 PCT DEBS > Only LSG Halted..............
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Comment by borne2runon Feb 05, 2016 2:26pm
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Post# 24529391

RE:RE:RE:Only LSG Halted..............

RE:RE:RE:Only LSG Halted..............Thanks Big Daddy, your calculations make sense.
Trading at 114, and assuming a conversion price of 130, buyers would need a share price of about 148 to break even.
So, the debs and shares were trading today based on a buyout / conversion scenario.
Debenture holders would also accrue some interest up until buyout / conversion date.
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