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

2ND QTR.

[HARJAY]

My personal opinion is that  LSG 's  S/P today  will look  like a bargain when they come out with their 2nd qtr. results and that will carry forward for the rest of the yr. and into next yr. If the POG is over $1300 then LSG makes good money and anything higher is just a large catalyst for the  S/P.

The mkt. has not  properly recognized what it has achieved in the last few qtr's, , when it finally does the  S/P will be a lot higher  and as they consistently achieve their goals the mkt. will reward them as being the  great turn around story they are turning out to be.
Their NY presentation on their website  outlines what they have achieved in the last while and  their objectives , it really says where they are headed going forward.

[LexMark747]

I agree that the 2ndQR will look good. Here is the thing though ..... May, June and July are not months known to be friendly with the precious metal sector......Actually quite often the yearly low for gold is made in July. .... The intra day low in January 2nd was $1,202.50.....That intra day low would suggest that gold itself could fall below that in July sometime. It is not edged in stone but

[HARJAY]

Generally you are right that the summer is a slow time but i believe that the 2nd qtr. ends  at  the end of June and if the results are good it  should  mitigate some of that slowness and the mkts if they are rational ( don't laugh )  they should reward good results no matter whether its as low time of the yr or not. I guess we will find out early July. No matter

[LexMark747]

I totally agree with you ..... By late July or early August the 2ndQR will come out. And at that time LSG will shine again. The thing is that we can not control the price of gold over the next 10 weeks ..... doesn't sound very long, does it? ....lol...lol...lol.... If the POG continues to fall it will effect the price share of most of the mining shares. Mark

[HARJAY]

Agreed , the POG is the wildcard. I guess all we can do is hope that gold does not sell off too badly. Maybe we will get lucky and it won't go below this $1290 - $1300 range and even might blip up a little to the low $ 1300's.  Best, HARJAY