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

How to ''crush''the $ 1,40 barrier

[bossu]

On 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.

[bigdaddycash]

bossu, I agree 100%.  even though the NCIB is limited to 10% this would be an excellent use of a small portion of LSGs cash hoard.  this cash needs to be used to the best benefit of LSG shareholders.  seems to me that more debt retirement mixed with the additional resource expansion drilling funding makes sense.  helps drive up share price and keeps the potential low ball