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

Wow

[Golfcar72]

Here's the 52-week low again....I can only surmise that some news slipped out about the mill not hitting the 2,500 tpd that said was going to happen in the CC.  The fact it dropped so fast means the 60's are inevitable if any more selling pressure hits.

 

Remember, mentally you "think" the 50's and 60's are low but this company is still burning cash fast and has chunks of debt outstanding PLUS the interest payments due on the convertible debt.  A $0.50 stock price is still a $200 million company.  That's not outrageous with their current organizational status.  The current market cap is $315 million right now for a producing company with negative cash flow.  That's not good, and also not as low as the valuation can get.  People are reading between the lines even more that the Thunder Creek hole was and is a glory hole and that grades are consistently going to be around 4.0 - 4.5 gpt for production.  We need 3,000 tpd NOW to make money with those grades and LSG still can't deliver the mill they promised on 11/9/2009 to be built by year-end 2011.  I just read that 11/9/2009 news release and just shook my head and laughed.  There's massive inefficiencies in this company driven by management strategy.  Too many fronts, not enough focus on completion of specific ventures.  Get the mill done, that's what matters now!

 

Growth is impossible without CAPACITY.

[idlefreebird]

Golfcar72 , for your info the shutdown is scheduled this weekend , then next week the mill will turn at 2500 tpd . Don't panic my friend just buy more . GLTAL

[analysethis9]

If the  shutdown is  this  weekend  then  during  the  down time  Tony  will  be  vacuuming  the  mill and  recover  the  5,000 oz  in the  circuit  reported   in september ,This  should  help to boost the  grade.

[basemetal]

IdleFreebird: Two factors have caused the TD analyst to reduce his NAV5% from $1.83 to $1.49: He has reduced the life of mine grade of WestTimmins from 5.2 g/t to 4.5g/t and, He expects the increased mill capacity to be delayed until Q4 2013 (Earlier he excluded FennGib and the 144 zone from his NAV calculations) Do you accept either of his rather arbitrary revisions ? Whatever your answer, a

[idlefreebird]

No , the grade will be in yhe 5 ish and definetly the mill will be running by May .I believe sooner but Tony is being smart by not overpromissing . I believe he has learnt big time . I would love to see Lakeshore swoop up $ 35,000,000.00 worth of shares at these low prices. ha ha . GLTAL  p.s Fen Gibb  is far away but we will be getting an update at Bell Creek before the PDAC witch will

[geoffs13]

Fen gib is a long way away but they can get the paper work going --yes --they have 2-3 years to work on it

[basemetal]

"I would love to see Lakeshore swoop up $ 35,000,000.00 worth of shares at these low prices." As you say... Ha di Ha Ha.  The company is more likely to take advantage of the low price by granting options to management..... That is the normal way mining companies react to low prices.  

[specboy2011]

Weird markets for juniors like LIM,LSG NML etc..see the LIM and NML just bounced off extremely oversold positions.LSG maybe next.While I believe a lot is tax loss at least in Canada a theory that US is keeping losers selling weinners this year showing up.With new tax laws etc winners sold now losers kept.see what happens