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

RE:RE:$1.40 Ceiling

[HamSandwich]

I think the more interesting question is does it make sense to own the debentures instead of the common until the debentures mature?

It was a lot more appealing at a deb price of ~ 105 than ~ 108 imo, we're talking the difference between 2.5% yield and basically 0 yield.  At least with some yield you can treat this as as the equivalent of short term corporate bonds in your portfolio with moonshot potential.

The debentures basically set your floor at breakeven with still upside if gold rallies hard.

Conversely there is execution risk owning the common along with commodity risk.

Any thoughts?