TSX:LSG.DB - Post by User
Post by
idlefreebirdon Dec 16, 2013 10:17pm
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Post# 22012122
Let's dissect
Let's dissectTony Makuch , President and CEO of Lake Shore Gold, commented: "With the extension of the Standby Line's maturity date, as well as the fact that we have reduced our debt and are now generating net free cash flow, we have improved our financial flexibility and have strengthened our financial position. We continue to have a productive, mutually beneficial relationship with Sprott and appreciate Sprott's ongoing support for, and confidence in, Lake Shore Gold."
The way I look at it Tony could've paid off the debt as we go along but this would leave him no cash for projects that need attention as what financial flexibility would entitle , and by having cash you then strengthened your financial position.GLTAL