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

Hocschild

[craziecanuck2]

I was always a little nervous abuot Hoc with such a large position and I see this reduction in their influence as only positive. While it has caused some temporary market nervousness, I am confident with upcoming news releases particularly regardinng production as well as some income appearing on thier income statement, we will soar like a hawk. The bankers (I was a banker) won't be selling their investment at a loss and we won't see serious selling pressure until they are in a position to take some profits. Hoc obviously (as they stated) needed the cash to proceed with their ambitious exploration plans and don't forget, while their average cost resulted in a large capital gain, they recently paid much more ($4.60 I believe) which is the likely reason several of thier top executives got fired... for their bad sense of market timing. Wild card is still POG.