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Bullboard - Stock Discussion Forum LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

TSX:LSG.DB - Post Discussion

LAKE SHORE GOLD CORP 6.25 PCT DEBS > Rumours, Upcoming events?
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Post by yoda2 on Aug 30, 2012 12:51pm

Rumours, Upcoming events?

Has anyone any info about what is gooing on at the mine sites?

Also when do the new convertible 6.25% debentures begin trading? It will be interesting to see the kind of premium given to the conversion privilege.

Any other news would be welcome/

On the horizon I only see the upcoming sept 9 market promotion:
https://www.lsgold.com/Investor-Centre/Events/default.aspx?ShowEvents=FUTURE

Comment by basemetal on Aug 30, 2012 11:19pm
The convertble debenture settlement date is Sept 7th,  I presume it will begin trading on that date. Each $1,000 debenture will be convertible into 714 common shares (or at $1.40 per share),  so I dont think there will be any premium. Indeed I wouldnt be surprised if the opening price is below $100 (i.e below $1000 per debenture).  After all, 714 common share currently trade at only ...more  
Comment by Valentine_MS on Aug 31, 2012 2:34pm
When you say the trade will start at 685/ this assumes there is no time premium.  Seems hyper pessemistic.  
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