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

RE: RE: RE:Difficult Decision...

[craziecanuck]

Careful Digger.


Always remember the most fundamental important rule in investing is diversification...spread  your risk.


Having said that, this junior market is my Las Vegas as I otherwise don't gamble or even buy lottery tickets.  I am heavily exposed to the gold sector and I will either retire fabulously rich or downsize considerably and retire to my summer camp & be cutting a lot of firewood.


I have it from a good friend that Gibson is not a man to be trusted and I say that as a TRR shareholder, although my exposure is limited to about 7% of my portfolio.  With this in mind and the recent need to re-state financial statements based on a ruling by the Ontario Securities Commission... I am left wondering about all of Tony Makuch's reasons for leaving the important position he held on TRR's board.


I recognize the exciting potential of the TRR play, but we have to keep in mind the stock has had an amazing run already and retreating from the recent highs was not unexpected.  Where it goes from here...we all hope as investors it skyrockets, but that's by no means guaranteed. You mentioned you have already done well with your original investment in TRR, but apparently you have added major to your position at this point at a relatively high point in TRR's stock chart.  Remember it is not a producer at this point and without a mill will have to raise significant additional capital, including more future drilling, resulting in further share dilution.  Hopefully they won't have to re-state any more financial reports or change production plans.


Anyway, why quibble...the gold rush is on and I hope all of us gold bugs make a fortune...soon would be good.