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

debt

[knife2]

i haven't checked in on lsg for a while.  Wow, just collecting more and more debt.  I'll continue to stay a way from this one.  If you want a good one, get in on v.mmt.  I've mentioned this one before on this board when it was in the .50's.  Check it out now, and it pays a .20 dividend.

[basemetal]

The "debt" that you refer to is a convertible debenture, more commonly to be considered a form of EQUITY.  If you were to read the prospectus you would see that ultimately LSG has the power to redeem the debenture for shares...... so the threat is more likely to be the dilution of shareholders. Mind, it is true that convertibles reduce volatility becuase of the hedging they permit.