TSX:LSG.DB - Post by User
Comment by
bigdaddycashon Oct 16, 2014 12:40pm
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Post# 23034354
RE:RE:Lakeshore making cash as gold over $1,400.00
RE:RE:Lakeshore making cash as gold over $1,400.00LSG has been focusing on improving the balance sheet - this is stated in all presentations and most press releases. Seems they are paying off debt as long as the prepayment penalties are not too onerous. Otherwise, best to build up cash to offset debt until debt can be prepaid without penalty. Hoping to see some promising updates on balance sheet with Q3 results / conference. Reduction of debt (or offsetting cash) will help cushion effect of drop in price of gold - if this should occur. gltals.