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

Share buy back program

[bosse]

In his webcast presentation,Tony was saying that they where going to exit 2012 with 60 Million in cash!!

With the actual ridiculous share price at 0,72 ,may be they should use a part of it (50%)to buy back some shares.

This will stop the ''bleeding'during December 'and reduce the company's float shares.

In 2013 they know that they are going to be able to generate cash for the mill expansion to 3000 t/d at

Bell Creek, development at Timmins West and the announced 5 Million exploration budget.

Hope that the BOD will soon annouce  this decision to buyback  10% of their shares in the coming months.

By the way I have added some . today.at ,73

.

[bosse]

Fellow investors, You would not believe me,but I just sent an email to Tony Mackuch a couple of minutes ago asking him to announce a buyback program to stop the bleeding share prices.As he said in his yesterday's  webcast conference call, the company will have $ 60 Million in cash exiting 2012 So why not using a part of it to cancell 10% of the Company's shares. I ask him for a

[basemetal]

No! Why provide a market for shorts ? Might they not provide all the shares that the "buy back" program might ask for ? If you want cash flow from your investment switch from common shares to the convertible debenture,  It will yield about 7% at current market prices.... tax free if held in your TFSA. The convertible debenture has provided the capital for development......that's

[Golfcar72]

Please dismiss ANY thoughts of a "share buy-back".  That is not a realistic option, given the cash constraints and outstanding debt.  The LAST thing management would do at this point is buy outstanding shares.  LSG needs to focus on stringing together consecutive quarters of positive operating cash flow, which can sustain facility & development growth, and fund future

[bosse]

So Tony.d'ont do anything and..let the price drop and we may have to suffer more and loose everything in a short while. Now and early  2013 LSG is and will be  able to generate enough cashflow for development growth and could buy nowat ridiculous price.Remeber that there are 415,000,000  shares++++++++issued

[ovis]

Tax loss selling is starting up and is probably contributing to the current down draft. I'm looking for better prices in Q1, especially when the Q4 production numbers are out -- if production can grow faster than issued shares grow then the company will be a winner long term.   Has anyone worked out the production growth (and issued share growth) for the company? I can find anything on

[goldhappy]

    Glad to get your opinion golfcar72. I agree they need to stay focussed on gold production. Thanks also to idlefreebird for the updated LSG info. from Tony. Anyone that has any doubts about the potential of LSG may not really understand mining. Did you hear Tony state LSG have some 7 million oz of gold. The current diamond drilling is focussed on shoring up the known

[Golfcar72]

Dude, the company is still burning $30 + million cash per quarter.  It doesn't matter what the share price is.....if they don't have cash available for mill expansion, mine development, & exploration it doesn't matter if there are 430 million or 43 million outstanding shares, because they won't be able to GROW.  This company consumes cash like an alchoholic consumes

[bosse]

Now at o,71 !!! No Tony and BOD d'ont shore the share price.And above all ,d'ont announce a share buyback program!! let it drop .PERIODE.