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

Let's dissect

[idlefreebird]

Tony Makuch , President and CEO of Lake Shore Gold, commented: "With the extension of the Standby Line's maturity date, as well as the fact that we have reduced our debt and are now generating net free cash flow, we have improved our financial flexibility and have strengthened our financial position. We continue to have a productive, mutually beneficial relationship with Sprott and appreciate Sprott's ongoing support for, and confidence in, Lake Shore Gold."

The way I look at it Tony could've paid off the debt as we go along but this would leave him no cash for projects that need attention as what financial flexibility would entitle , and by having cash you then strengthened your financial position.GLTAL

[goldhappy]

I think your statement is bang on. I read between the lines. If gold prices move in the wrong direction  some newer projects could be put on standby. Most of us realize the mine production rate needs to increase to see the mill produce more gold and ultimately more income and profit. As long as gold price hold LSG can make preparations for a new project (shaft) as you eluded to in a prior

[idlefreebird]

goldhappy , yes doesn't make sense to have a 6,000 tpd mill if you aren't going to maximize it , espesialy if you have the ore right under your feet. GLTAL p.s. yes it is comming together.

[geoffs13]

PRICE is holding ---so far ,