posted on
Aug 10, 2010 04:41PM
Ni, Co, Cu, PGM, Au Properties in Ontario Canada
Producing Mines and "state-of-the-art" Mill
Message: Re: EBF
EBF,
Like Surething, I am very skeptical that you will explain some apparent contradictions in your fair and accurate posts, and your cold eye of reality.
On August 4th you posted, "If the 2Q numbers are so-so and there has been no debt repayment I would run away as fast as possible."
How do expect LBE to produce enough cash in a development quarter to continue expenditures on asset additions and improvements, meet cash operating expenses and also make a debt repayment? You know the mill started operating at near capacity on July 15th. You also know there is a delay until full payment from Xstrata is received. I think it is fair to expect that cash from full production may not be available for debt repayment until late in Q-3 or maybe not until early Q-4.
Then on August 9th you posted "Like I said previously, I don’t expect too much from the previous quarter. The 3rd quarter is key"
I say your comments are contradictory which makes them not fair and accurate, and your cold eye of reality does not realize the reality that cash for debt repayment is not available when cash from full production in not available.
In Aug 10 you have posted, “What I don`t like is hype and have cautioned many people about it. Extrapolation is always risky as well, the equivalent of counting chickens before they are hatched. Just too many things that can go wrong"
On September 7 2009 you posted about ISM, "That is however not what the drill results say. Or should I call them the truth machines. They say to me; L2 North Zone is very large and is open at depth, length ‘and’ getting bigger with every core. They also say L1 could be brought back in to economic production quickly. There is an absolute minimum of 351 Million pounds of Ni and its is still open at length and depth. There is no way I will be selling any shares. ."
I say you are the one with a double standard. Your cold eye of reality was not there when you were extrapolating and hyping “the absolute minimum 351 million pounds of Ni”. It was missing when “they” said L-1 could be brought back into economic production quickly. In your words, you were “counting chickens before they are hatched”; the cold eye of reality as provided by Micon hatched a big goose egg.
EBF, you have recently tried to sell us that you are unbiased, fair and accurate. Established readers on this forum know otherwise. But new readers should be told that you are inconsistent, biased, and operate under aliases on S.H. that have been exposed as liars, quite possibly open to libel charges from a number of directions. The fact that a distinctive font pops up in your posts on AGORACOM, and those others on S.H. has been clearly shown by Victor on SH and unexplained by you. This adds more clouds to your intentions, as does the access to insider information that has been shown by your S.H. aliases.
As I have mentioned some time ago, if you are allowed to continue this bashing agenda, it will result in other readers continuing to challenge you, and that includes the contradictions involving ISM and the S.H. aliases.
Best
Nickel77
3 Recommendations
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