posted on
Aug 10, 2010 07:44AM
Ni, Co, Cu, PGM, Au Properties in Ontario Canada
Producing Mines and "state-of-the-art" Mill
Message: Re: EBF
EB Farnum,
You said "I also believe my posts have been fair and accurate; you are welcome to disagree, challenge or comment on anything I post".
Personally, I'd rather you just elaborated on one of your own statements that you made recently. Put your "cold eye of reality" to the test so to speak. Below is the statement I'm referring to :
"The history of this company not meeting estimates & timelines has made be skeptical. "
The estimates and timelines of or for what exactly? Could you be more specific? Remember in your response to include the event to which you are referring to, the original "estimates & timelines" and whether or not named event has ever come to fruition, or not.
Why is it so hard for you to give credit for all that LBE has achieved? In case you have forgotten here's a brief list : Applied for and recieved a Dewatering Permit for Redstone. Dewatered Redstone. Built Redstone Mill. Tested and Commissioned Mill. Negotiated and Signed First Nations Agreement. Completed Feasibility Report on McWatters. Completed Feasibility Report on Hart. Ore currently running through Mill, from both Redstone, and McWatters. Mill running at permitted capacity. Marketing concentrate through Xstrata. Plans to include Hart ore in the future. Company saved from Bankruptcy by negotiating deal with Jilen Jien. Investor Relations that should probably be the Gold Standard for all companies.
Given all that LBE has announced and accomplished thus far, is there really any reason to doubt that the debt obligations owed to Jilen Jien will eventually be repaid? Unless of course what that "cold eye of reality" of yours is really skeptical of, is the future of nickel prices. If this is the case, then why are you incapable of saying just that?
I'm skeptical that you will respond, but TIA anyway.
S.
PS. I could conjure up a whopper of a theory why the share price appears to be flat, but I might get sued.
3 Recommendations
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