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

LSG now below a buck

[Goldhound3]

With gold looking to be headed to 1000.00 or even 900.00 I`m not sure how low LSG with go but mining stocks are looking to be in very bad shape. If this keeps up mines are going to close and a pile of these smaller miners will most likely disapear or get bought out for pennies.

[goldhappy]

Most mines are hurting now as the all costs in are over $1000...who wants to produce for break even. The strong will  survive meaning companies with decent balance sheets and available cash. LSG fits into that catagory. Those that can weather the tough times usually do extremly well when the cycle turns. The large companies are in similar circumstances.  To due a buy out with LSG right

[maurizion]

That is exactly their intent. The Comex Mafia are intent on strangling the PM mining sector. Every time they struggle for breath the Mafia squeeze a little tighter. Who do you think will be there to pick up the cheap bankrupt miners after the criminals have done their dirty deeds? I have been waiting to see if they could put a 13 handle on Silver. They did for a while this morning and will be back