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NORTHERN SUN MINING CORP LBEFF



GREY:LBEFF - Post by User

Comment by victor2009on Apr 06, 2010 1:02pm
281 Views
Post# 16961122

RE: AG - Victor

RE: AG - VictorExSudburyGuy2 / Nickel77,

Thanks for the information. AG would be starving on quite a few contracts if they were relying on options only. I can understand the temptation to use a promotion firm when trying to raise money in the mining business - you're competing for risk dollars with other companies, some of which have some very aggressive (borderline deceptive) approaches to promoting. But I think LBE was wise dumping this AG outfit - they are just not a good match. 

Some enjoy criticizing LBE for certain moves, but one thing no one can disagree on is the accessibility to shareholders, media or the general public - and information is provided in a forthright manner, whether it is good or bad. Plus, when you're talking to LBE its usually with the top dog - and if not, just ask and Gary Nash will be in contact, usually within minutes. The last thing this company needs is some one like AG or these outfits that call themselves "information portals" to tarnish the image of the company. These outfits target the small, often unwary, investor - the real money when its needed on a public offering has to be sold to more sophisticated investors or firms. These guys don't fall for the boiler room type of hoopla. The fact that a company is using this type of promoter may even be a mark against them. 

I noticed that a few of the ISM supporters tried to down play Gary Nash's interview on BNN, which I found impressive. They tried to make the point that he should have appeared more enthusiastic, and made a rah, rah, promotion of LBE in hopes some who fall for this type of promotion would stir up market interest. I guess if you've been subjected to the James Darcel/MiningStockReports type of promotion, along with a fancy brochure credited to some obscure Texas PR company, and a string of company announcements [that never seem to come to a conclusion] - you would find the Gary Nash interview rather quiet. But when it comes to dealing with business and finance types, larger investors, including the Jilin Jien representatives, I'll take the less boisterous, informed, confident CEO of LBE over some rah rah car salesman type. And as a small investor, I'm much more comfortable being able to talk to a straight talking CEO than an employee of some PR firm that doesn't know the difference between core lengths and inferred tonnes. 

I think this company is just months away from having financial reports that will be all the PR that's needed to move the share price. They may not be as entertaining as a carnival barker, but statements showing profitable production are a much better foundation for steady, solid share price growth than announcements of  some new scheme that never seems to come to a conclusion.
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