GREY:LBEFF - Post by User
Comment by
victor2009on Jun 23, 2010 6:33pm
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Post# 17216082
RE: AGM Presentation on website
RE: AGM Presentation on websiteRocky,
What the market has done is shown you for the fool you are. In your hopes of ISM ending up with LBE property on the cheap, you were busy bashing LBE when the global financial crisis and commodity crunch caused LBE (and many other companies) financial problems. You (and some other shills) were busy telling anyone you could, that LBE would not get financing and would be in bankruptcy.
You were deifying ISM management and their cash management skills. Now we find that it was not so much skill as it was not doing anything of future value for the shareholders.
But LBE got financing, and a world class major shareholder - it didn't go bankrupt as you predicted, the company is financially sound. LBE is on schedule to reach its goal to become a mid tier Nickel producer. ISM's much heralded Micon Report, that was to be a company maker - was a disaster. It showed that the Darcel report and the fools like you that fell for it, was exactly as the ISM critics had said - trash.
Suddenly there was talk that maybe LBE would want the Langmuir property - they didn't. Or that LBE would need Langmuir to feed its mill - after Micon mentioned that ISM needed an on site mill - but LBE has its own economic mines, they don't need ISM's unproven property. Maybe in a few years, when ISM has accepted the fact their Langmuir properties aren't economic - an efficient operation like LBE might pick them up for a song. The shoe is on the other foot - and it sure hurts, doesn't it, Rocky.
I'm by no means ruined - the CEO of the company I'm invested in earned the trust I've had in him - as have many others. He saved the company when his reputation with Jilin Jien resulted in a mutually advantageous financing. It feels good to have been involved in a company where integrity is important, and the goals are being achieved by forthright, qualified management. LBE Management got my support on the recent AGM proxies. There didn't seem to be that sentiment on the forums when ISM management was being discussed.
Rocky, how does it feel to have been fooled so badly by the company you said was worth $64.40 in 2007? Makes you angry, doesn't it. Makes you feel foolish, and that adds to the hurt, doesn't it. I feel good about my company, and sorry for the good honest people that believed in ISM - you don't qualify for that sympathy.