I think this second financing was already in place well before the first one was even annouced. Forget the 44% premium hype, the deal was already set up for 79 million @ $2.40. Tacking the "44% premium" into the title of the news release was intended to make us all think LSG had bargained a great deal. Wrong!

Don't be suprised to see LSG rise in the next few weeks to close in on that $2.40 (premium?) price. Lake Shore wants to give you that warm fuzzy feeling just prior to the AGM. An e-mail campaign is admirable but will not sway the powers to be one iota. This is a done deal. Maybe even the 2010 takeout price has already been hammered out. We are just pawns now.

v.