NORTHERN SUN MINING CORP LBEFF

RE: Like I said...

[victor2009]

Rocky

LBE didn't lose anything to Jilin Jien, JJ invested funds needed into the company. This allowed Liberty to survive a global financial crisis that ruined a number of companies. Jilin Jien has being willing, since then, to advance other operating loans so that the LBE management could concentrate on getting the company on with its goal of becoming a profitable producing mining company. Its an excellent arrangement, having a major shareholder with finances, a world class Nickel company and customer, and the same goals as the company had set since current management took over.

Its a much different concept than followed by your company of choice. They floated a flow through that didn't flow through - took an offering with a commitment to use the funds for exploration, and didn't keep the commitment. The investors that provided that financing not only saw their shares go from $6.60 to 30 cents - but they had to pay up to the tax authorities for ISM's missed commitment.  JJ is willing to invest more money in LBE as required to grow. Guess what ISM will be told if they go back to those flow through investors looking for more investment?

LBE management looks and acts competent - both major and minor shareholders are pleased with the calibre and honesty of management. Except for you, whaler and your alter ego EB Farnum, most on the forums are calling for a management housecleaning at ISM. After that fiasco that required the halt today, so the TSX could instruct ISM on basics, the cries for relacement of that team should be getting louder.

But maybe you're in luck, rocky. ISM is running a three ring circus, and you're the best Bozo the Clown that I can think of. Be careful though, that dying elephant they tried to move to a sideshow, got sent back to the main ring.  Be careful where you're standing when that elephant topples.