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NORTHERN SUN MINING CORP LBEFF



GREY:LBEFF - Post by User

Comment by victor2009on Oct 06, 2010 2:19pm
179 Views
Post# 17536134

RE: Same ol' same ol'

RE: Same ol' same ol'ExSudburyGuy2,

You say nothing has changed. I'd say you are wrong. Things have changed in accordance with the company plan on a steady basis, close to, and sometimes ahead of schedule - ever since Jilin Jien injected the financing necessary for the company to survive. Some things haven't changed, as you say. Some long time supporters that were in the company prior to your entry at 40 cents, continue to support the company - for the same reasons they invested at the time that Gary Nash became involved. And they continue to voice their reasons for support of the company. You say they are pumping, that's your prerogative. I'd say its partly an exchange of information and opinions on an investment they follow closely, and for the most part brought on to counter bashing by a group of multi alias bashers that are most certainly linked to ISM.

I do not believe, nor have ever stated that you are a disgruntled ISM investor. However, I will say that your credibility is diminished somewhat by some of the things you say, and some that you don't say. If you wish to debate the pros and cons of LBE, I'm sure there are those willing to discuss your points. But you don't present yourself as immune from a hostile response, when you exaggerate or make blanket comments that are false. For starters, anyone that criticizes ISM is not accused of libel or being an ISM investor. And the decline of the share price from $4.80 to 4 cents has been discussed, and opinions stated - by the way, where do you get $4.65 to zero in eighteen months? The fact that supporters are unkind in their remarks to those that are critics should be put in perspective - look at the source of the criticism, how it is presented and the rationale that is provided. I will accept that there can be an inclination to assume that a new "critic" is a reincarnation of a former multi alias repetitive basher with an ISM axe to grind - some critics may have been wrongly accused, but more often not. You are a critic, have you been accused of libel, or being a disgruntled ISM investor?

Also you say that according to "Vick", "Nick", etc. its all good. You don't give any credit to the supporters for pointing out their reasons, with reference to supporting credible information, for "believing" that the dire predictions of the bashers will not occur. No one is guaranteeing anything, and most or all supporters have made reference to the various risks involved, and are basing their reasons on the standard NI43-101 reporting. There's no promoting by these supporters of a $64 share value, a report by a fee collecting CFA engaged by an "Investment Portal" to give a "valuation" analysis.

You mention an entry point of 40 cents and an exit of $3.50, using it as credentials for stating "... this ain't a good company to own shares in at this time... or in the foreseeable future." I'll react to this in the same manner as someone who professes to be adept at mining forecasts, but omits some basics. You've omitted to certain parts of your credentials. If you are mentioned as someone who was in at .40 and out at 3.50, it should also be mentioned "as someone that got back in at 80 cents (I believe that was approximately the amount you mentioned), and (I assume) out at something less". There's two things about this. First of all, with your credentials for knowing good companies to hold shares in, you must have seen potential for LBE at that 80 cent entry point. The pertinent period for discussion of the price decline could therefore start at the decline from the 80 cent level to 4 cents and subsequent recovery to 20 cents. Most supporters here have accepted the reasons for the decline from $4.80 as not being pertinent in assessing the current potential. As you evidently likewise accepted the decline from $4.80 to 80 cents as being irrelevant when you re-entered, it would eliminate the need to discuss points of no current pertinence. A second point you might consider is that some of the "pumpers" that you object to, may be speaking as "as ones who bought LBE at under 20 cents and sold (or reduced) at $4.00 plus, and added to their positions from the 5 cent low (or JJ rescue 11 cents) to current levels, and can tell you this ain't a bad company to own shares in at this time. Maybe there's a third thing - why did you omit mentioning your most recent investment in LBE?
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