Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

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Message: Re: TFSA for me
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Aug 23, 2010 08:57AM
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Aug 24, 2010 03:05PM

Aug 24, 2010 03:23PM

OK guys, 10 fold? I have to caution you on being unreasonable in your expectations. Maybe our friend Nickel77 is getting a little over enthusiastic in his promotion. I see a great many “ifs”. Everything must go exactly right, even then 10 fold? Not likely.

Remember that the debt can be converted into shares on May 25, 2011. That is only 3Q’s away and LBE is still running a deficit. In 3 quarters LBE has to start running cash positive, pay off the ‘notes’ and pay down some substantial debt. Does anyone even know if the last two notes were paid off? I think it was over 2 million due just in the last two weeks.

Just a word of caution.

Cheers

ebf

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