GREY:LBEFF - Post by User
Comment by
legend7on Dec 08, 2009 1:44pm
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RE: So tell us all again.
RE: So tell us all again.Drill,
Where have you been Nickel is trading way up at 7.18 today!! I think the question you should be asking yourself is how is ISM going to sell there low grades at $6.80 Nickel?? Obviously we won't make as much $$ when nickel is below $7 but if it can stay around $7 or higher we will have no problem paying off the debt and the preferred's our cost's will be way down if nickel happens to go up (which I think it will in 2010 between $8 - $10) then we will have no problem paying everything off and getting Hart going.
I think you need to realize something we as LBE shareholders own 100% of the company we just have a large shareholder that owns 51% of it. A shareholder that has generously loaned us money for nothing outside of a interest rate and as long as we pay them back (which we WILL) then we own LBE 100% with 167,000,000 shares outstanding not too bad for a company producing in my books.
Time will tell and your time on ISM is almost up we will see how right you are...have you hedged your bets and sold some....maybe you should
By the way any comments on the article I posted and truthfully where do you think nickel is going??