RE: Millwright, Legend --> Dilusional!doingthejob,
Well, another pronouncement from the guy that joined Stockhouse, along with trailorparkboy, immediately after drillbit ceased to be a contributor. Quite a coincidence. Also quite a coincidence that you jump into the role of bashing LBE, without explanation of your background, and that your opinions are such a mirror image of those we have heard from the Rocky aliases and Rocky's puppeteer, and the banished aatozz. One might suspect you are another lackey for the puppeteer.
If "doingthejob" is sort of slang for having a bowel movement, your user name is aptly chosen. Your three dumps to date, would indicate you have an ample reservoir of "it". I notice you use the same phrase "hollowed out" as a former multi alias contributor that was suspended about the time you joined - aatozz - he of ISM Survey fame. He was also amply supplied with "it", and his contributions were about as nonsensical as those you have managed to author.
Now let's look at the content of this nonsense you are attempting to foist on the forum.
You acknowledge that Jilin Jien is a large public corporation. They didn't get that way, by taking a stance that they don't care about the tens of millions they have invested in the Shaw Dome through LBE - they have shareholders and authorities to answer to. The nonsense that they would throw away this capital in order to take nickel from the company is ludicrous, and has already been shot down with facts. Why ignore millions in loans and shares to get nickel at a price they can get it elsewhere, with no commitment? Also, the fact that they approve the Nickel being shipped to Xstrata, and have said so publicly.
To this stupidity, you add a lie - typical of the basher gang. You say, that LBE debt is equivalent to 5 or 6 years reserves. That is unadulterated crap, and I know you won't substantiate it - you can't, without exhibiting your deficient knowledge and/or your deceit.
Then you stumble onto a positive, but identify it as a negative. You say that Jilin Jien has proved to be the only place that Dr. Nash could secure financing at reasonable terms. That was demonstrated when Dr. Nash and Jilin Jien were able to negotiate terms that rescued LBE from insolvency that caught many other less fortunate companies in the global financial crisis. Dr. Nash's vision, management abilities and unblemished integrity resulted in this "partnership", and this respected global corporation recognized this. They chose LBE is a vehicle for investment in Canadian mining, and retained the man that was responsible for advancing the company to that point, in such a short time. LBE is fortunate to have a majority shareholder that has the resources and commitment to assist with financing if required, and allow management to concentrate on other priorities - maximizing profits.
To further demonstrate how inept you are at assessing business in general, and the mining industry in particular, you indicate that Jilin Jien's strategy is harmful to minority shareholders. Your reason? You say JJ wants to extract all economical mineral from the company's property. In the process, you say they are going to spend profits from this conversion of minerals to cash, to fully explore the properties. I hope you're right, doingthe job. That sonny, is what successful mining companies are supposed to do. However, thankfully few mining companies are managed by twits like you, that would not realize that funds from extraction should exceed exploration, development and operational costs, and the remainder goes to shareholders - all shareholders. Its called "profit" sonny, a milestone that LBE will have achieved in this quarter.
Now, if you are suggesting that Jilin Jien will manipulate things (as Junior Strom suggests) to cheat minority shareholders out of their rightful participation in this success - that is a different matter. And that may be your contention, as you already referred to a "Jilin Jien rape". Either of those allegations are something that is often dealt with in a different arena than Stockhouse. You will recognize that with the deep JJ pockets that you mentioned, several thousand in legal fees may not deter them from defending their good name. Who knows - they might even cast a wider net, and pull in those who choose to slander the CEO of their subsidiary.
doingthejob - keep up the poor work. You may end up being getting the "reward" you deserve - I certainly hope so!