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

LSG

[goldhappy]

It looks like most everyone is happy with the way LSG is producing. The exploration is likely in full swing. We are coming into the gold season gracefully. If LSG can catch a gain on the price of gold the debt will be paid down in a much shorter space of time. Lets not forget the 20 to 40 million required to bring the mill up to 5500 tpd. This is very near at hand. It will be a very significant increase in gold production for LSG. Perhaps LSG may offset the extra tonnage with some slightly lower value gold. That's okay because blending some lower grade will add longevity to the operation. It means we should still expect more gold and even higher share prices. What a quiet trade this morning.

[jpgoldilocks]

I, for 1 am impressed with how conservative Tony is being. It's pretty clear that they are going to blow through their guidance for the year, but he is still publicly saying that they are targeting the high end of guidance. I think they are building a bit of a pipeline of good news, that when released, is going to really make the share price pop if gold cooperates.

[goldhappy]

You make a very good point about Tony and how modestly he is bringing on all this good news. Hip Hip Hurray for Tony...keep 'r going Tony!! Maybe I will get my 4 bucks back some day??

[dutchmann64]

.....I am sure you will see your money return.....Tony keeps his cards close to his chest and times his every move. He is working hard to increase shareholder value. That is clearly one of his goals....and is stated in every presentation.  This investment will return not because of the big crash to come or what ever conspirisy may be in play. It will produce because it is a well run business

[dutchmann64]

"Best to all" LOL......darn fat fingers!!!!

[reggiyu]

This post has been removed in accordance with Community Policy

[goldhappy]

Dutchmann... I appreciate your blog. It's people like you and the information you bring forth that has helped keep me in the game all these years. The company is rock solid right now. Maybe it is too soon to expand to 5500 tpd...just around the corner will be some decent gains.

[dutchmann64]

.........cheers my friend. Yes I agree perhaps to soon to expand at this point. We are better to clean up debt, continue with exploratory drilling and producing with what we have.  Basically stay the course. When a significant result is met such as debt reduction, or a big find let the up tick in value support the bigger desire to expand the mill. Just a thought. I am in the business of

[idlefreebird]

Sorry guy's lol, I beg to differ lol.Lakeshore has money in capex for infill drilling and a little extra out of resource but within minning activities.Lakeshore did funding for $5 M of drilling at 144 project.lakeshore is paying off debt monthly in addition to accumulating free cash to the sum of $53M to date.Therefore that money is doing us no good till the next project witch is Bell CReek is

[goldhappy]

It so difficult... do you expand with more debt then pay it down debt quicker with more production. It is much easier to justify borrowing in a low interest environment. On the other hand if gold prices slumped LSG would be so exposed it could destroy them. Even though we all feel and see signs gold should go higher some country could dump gold to put political pressure on their foes. Always be

[goldhappy]

If some other company with a good mill in the Timmins area were to be in finacial trouble and a good deal could be made ...Then I would agree to borrow because of instant returns coming from that mill. Getting the house in finacial order offers many opportunities. There is no need to rush as I see LSG is pushing 100 million dollars of surplus cash for a very long time.

[dutchmann64]

....no need to be sorry......your opinion is valued and respected.  Going long........