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

The Good and the Bad

[ossyw11]

Time will tell, but yes there is more than a rumor that Sprott is coming in to enforce their debt covenant.  I have heard that they are looking to replace Tony with a new CEO and have potential candidates in mind.  Depending how the covenants are enforced and what their debtholder rights are, it could lead to very significant changes for us common shareholders.

Similar to Kinross some time ago - its time for a new CEO.  That rumor, if true, will be good for the stock long term.  Behind a new CEO will come new teams and probably new money.  Obviously the board needs to be replaced as well given that they have no vested interest in the company and are not aligned with stock holders.

We could face a share consolidation, which although if often the kiss of death may already be baked into the share price at $0.16.  No doubt this weekend there will be things in the works - expect news soon.

Whether to buy more now or just tuck it away and wait is the question....JRMJ

[HARJAY]

Am quite concerned that some people seemed  to know what is possibly in the works yet there has been no official announcement from  LSG mgmt. If next week an announcement comes out that is material to the co. and substantiates these rumours,  i would think that the TSE should be looking into all those large crosses and trades that drove the  S / P from $0.25 to $0.16.. In most

[geoffs13]

Tony was told many times how to fix the problems and he would not listen ,he had no real hands on experience in how to run a mine .Spent to much time in the head office playing parlor games with other mgmt types and no time running a mill /mine .Shame------- **lets hope he realizes that is 1-4 dollar options are worthless .You have to walk before you can run .What is it going to cost to terminate

[rajags]

Agreed; head office or others who have not worked on constuction or mine sites have little idea about the problems that emerge and have to be solved on a daily basis. Head office papershufflers and politicians will never get the job done on time/on budget. Having worked in contracting on civil and building construction I earned a healthy respect for onsite supervisors and a healthy concern about

[geoffs13]

Part of the problem is that all shareholders should have read the Sprott agreement and then we may know which covenant is giving them problems and if so what actions CAN they take ,IS IT TOO LATE .Can anybody give more exact detail on the agreement .The cost to replace Tony is excessive perhaps some type of a deal can be worked out ,Darn I thought something was up by all the signs that were

[HARJAY]

Lake Shore Gold Enters Agreement for Credit Facility of Up to $70 Million With Sprott Resource Lending Partnership Press Release: Lake Shore Gold Corp. – TORONTO, ONTARIO--(Marketwire -04/11/12)- Lake Shore Gold Corp. (TSX: LSG.TO - News)(AMEX: LSG - News) ("Lake Shore Gold" or the "Company") today announced that the Company has entered into an

[chapulin]

First time I read the Gold Loan details last year I thought it was based on a floating gold price. To my dismay I see it was based on closing day of the deal price...not very good dealmaking by management. Could they not have done what Digger's GoWest Gold (GWA) did and rent a neighboring Mill for any excess (if needed) tonnage for lower than this Loan?? They