NORTHERN SUN MINING CORP LBEFF

RE: RE: RE: RE: putting someone on ignore

[JohnEStromJr]

drillbit2008,

Naw, just trying to point out to others not to listen to those cheerleaders who still think management has anyone's best interest at heart other than Jilin Jien.  If others are too obtuse after the reaming we got to buy they're beyond help.  

I think the new management, now that Jilin Jien controls the company, is getting input from people with actual mining experience and management knows who pays them.  We are merely afterthoughts to both.  I concur with your thinking as to who would want to buy into a company controlled by one group AND is in a position to take the company private as soon as they can without causing an uproar over how it was done.   I am quite sure they are well over the 80% threshold needed to take it private - now they just need some time to go by.  In the interim we will see a slow but painful erosion of share price so that, when the big event occurs, they can offer 30% [estimate] over the 'average' share price for the past 90 days which will be ruled a "fair" deal by the powers that be.  That 30% "bonus" will still put us [my guess only] below where the share price is today.   This stock is not going anywhere as it's not in Jilin Jien's interest for it to go anywhere.   Again, my guess, but I would say they will go private after we [hopefully] pay off that $5 million due in July and probably after we've made at least some payment towards the other $35 million [approx.] that we owe Jilin Jien but before those convertible preferred shares are "recovered" by Liberty Mines.  They WILL buy those shares and that will be the death knell for Liberty Mines so far as we're concerned.  This is dead money - but, to the chagrin of some, I'm still a shareholder.

John