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

RE:RE:RE:Are Aquisitions a concern?

[Barolo12]

I will bite.  Some analysts have been critical of LSG for not having enough reserves so the TME purchase should help alleviate that concern.  The issue is that the TME deal will not be finalized until their shareholder meeting to be held "on or before September 30, 2015" so without a locked up deal LSG cannot count on the resources to help them in the short term.  I think the TME claim has value for LSG because of location to LSG's existing claim and their mill.  Having said that the TME claim is unproven (speculation abounds as to the level of gold but very little is proven).  Having said that I am in the believer category that they will find additional gold on their existing claim and the TME property (why else would I be investing in LSG?).

I think we are seeing investors moving their money into other areas where they hope to see profits in the interim.  I think there was initial hype on the potential of a takeover offer from Goldcorp but that has pretty much dried up for now.  

So IMO the price of LSG will go up if the takeover speculation heats up agains, or the POG increases, or we get good drill results or we move closer to the September 30 TME shareholder vote deadline.  Any of these could move the share price but at this time I don't think any are imminent so why hang out here if you think you can make better profits somewhere else?