TSX:LSG.DB - Post by User
Comment by
cre8valueon Jan 10, 2016 9:19am
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Post# 24444319
RE:Debenture repayment planning
RE:Debenture repayment planningjRaffles - great points.
This brings up questions about the $100 million on the balance sheet.
How much of the $100 million is in C$ , US$ and gold? Does it offset the gains/losses with the debentures.
It looks like the biggest question is how to use the money. What type of company are you trying to create?)
1. Completely pay off the debentures? (Is this the best way to use the money? Why?)
2. Roll them forward?
3. Take the money and really fast track the 144?
4. Expand the mill (you don't have to sell all the extra gold produced)
5. Spend $50 million on Fenn Gib and get Barrick to pay $100 million for 51% if it goes over
5 million oz. - That or LSG gets the entire amount. (Remember this is an open pit type of
deposit that does great in a low price oil environment) Use the money from Barrick to
build a mill there - should pay for the 49% that LSG would owe?
6. Increase the shaft dept at Bell Creek?
7. Buy companies like EXS and those along the 144 strike?