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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: onepath who wrote (74401)	1/18/2013 8:03:58 PM
From: tyc:>	Respond to of 78406

I wish i could feel so sanguine. It hinges on whether LSG's future profit will be adequate to meet its interest commitments which, I suppose, mainly hinges on future gold prices. One sure thing is that failure will hurt the stock price more than the debenture price..... Indeed ALL PM stock prices. But gold prices are unlikely to collapse so my worry is needless. The debenture pays a coupon of 6.25%.... MORE at current prices. .and it is convertible so additional profits both UP and DOWN are possible. I think that similar two-way profits explains the shorting of NGD common. I'm surprised that someone hasn't tried for similar profit in the warrant thread.