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NORTHERN SUN MINING CORP LBEFF



GREY:LBEFF - Post by User

Bullboard Posts
Comment by angler21on Mar 23, 2008 6:10pm
257 Views
Post# 14761695

RE: two different types

RE: two different typesSeems to me ISM has you just as caught up as we are. No matter how many flaws are brought up you still stick around. Just look at the way your share price has tanked. I know my stock and I know why I stick around. You can call me whatever you like. Seems to me you are just as stuck. Ninety five percent of your commpany's efforts are directed at ISM for a buyout that they must have a 43-101 for. They have all sorts of money in the bank (so they don't have to go for more financing) and yet they do not cover the dilution of shares of all their options. (Oh yes, they are going to expire). Well at the next general meeting you will be voting to convert them to new options at a lower price. And by the way, management has all the proxys that they vote on behalf of the shareholders. And how about that buyout? You might be surprised. Companies that give guestimates of the value of their property at Ni prices of $32US do not have the same value at $14US for Ni. The in the ground value of a property is never what it sells for. Infrastructure still has to be put in place. Companies will just not buy you unless they can see the potential of themselves making money. Seems to me you need to discover more of the potential in your own property. So seems to me we all buy into a dream. I know we are not worth $26 but if we reach $5 or $10 that is a pretty good rate of return. But values mean nothing until benchmarks are reached and potential is discovered. So I will keep my dreams.
Bullboard Posts