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

RE: rip off

[canbeam2004]

The way I see it is the stocks would probably be worth the same in total if the valuation was at .73 or .85. If the market perceived LSG gave up too much, their sp goes down and WTM has a higher percentage of a lower number. If the market perceived WTM gave up too much, LSG stock price would go up with the increased assets and you get a lower percentage of a higher LSG sp. I'd say with the fairly neutral reaction on sp, they got it about right.