NORTHERN SUN MINING CORP LBEFF

Legend7 / is that you Gary? ;)

[JohnEStromJr]

Legend7

You're only a "legend" in your own mind.  As for my posh digs, naw -  my trailer is only 8' wide not 12' like yours.  You're the big spender stud in this group.  If only I would recognize your omnipotence, eh?

I'm well aware of how long Gary Nash has been associated with Jilin Jien and they made the $4 million [as I remember] to build the Redstone mill.  So what's your point?  The Chinese were smart and Liberty Management got greedy, over-extended, took on way more than they should have and fell victim to an over abundance of nickel supplies, a drop in demand and a price that well through the floorboards to the point virtually no one can make a profit in mining the stuff.   Still, in te end it's managements responsibility to make sure they are NOT over-extended.and that they have a reserve or cintingency fund for emergencies.  They had neither. When you're over-extended and going through cash at a rate faster than you're replenising it that is not the time to take on exotic leases or pay outrageous prices to borrow -  for example the Salman Partners/Casimir loan was a total disaster that tied up virtually every asset Liberty had.  The had few options and not one of them good.  They chose the Chinese to deal with. The Chinese are the big winners [aside from management which otherwise would have lost everything.  We shareholders were the big losers.  'Nuf said.