NORTHERN SUN MINING CORP LBEFF

RE: RE: Going-Private Transactions

[JohnEStromJr]

victor2009,

I wasn't going to reply to any of your posts because you're not really very bright.  Most likely you're a shill for management but I can't prove that - but you sure do smell.

Jilin Jien, for a "loan" owns the company.  All companies are in business to make money but don't hold your breath ever seeing this company pay off for the shareholders who owned before this debacle.    I disagree with your assertion that Jilin Jien doesn't get the nickel.   Not "our" nickel per se, but nickel, like money is fungible.   Jilin Jien DOES get the nickel by trading money Xstrata owes to Liberty Mines and exchanges for nickel already in Asia.  I'll bet I can easily find a nickel operation in Asia controlled by Xstrata.  Want to bet?  Heck, you could probably find an Xstrata nickel mine in Asia.  If you tried.

Liberty Mines gets paid by Xstrata so they own the nickel from our mines but they pay us in money or credits where [I'm pretty sure] we can exchange those credits or that money for our nickel they now have.   Keep in mind Xstrata is in the mining game and sells their nickel all over the  world but principally in China.  Very easy for Xstrata to pay Jilin Jien/Liberty Mines in nickel already in Asian.  Make sense?

Yes, Gary Nash IS the same CEO but his employer is Jilin Jien who controls this company and all of it's assets.  And he does what they direct or he's out on his rear.  THEY are the employer, not Gary  Nash.  The employees still work for Liberty Mines but the control of that company is Chinese NOT Canadian.   Jilin Jien probably does have investors but that's not relevant.  This is a wholly [or nearly so] owned subsidiary of Jilin Jien.

For a long time you seem to have become the major apologist for Gary Nash and Liberty Mines.   They did a bad job and now we're owned by the Jilin Jien.   It doesn't matter that other events also played a part.  Gary over-extended us and we were unable to get into production and meet our obligations.   As they say, "The road to 'Hades' is paved with good intentions."  That's my opinion but it's also the opinion of virtually everyone who was invested in this stock and lost their backside.   Suffice to say,  in my opinion, they WILL  take it private when it appears there will be no legal challenges to Jilin Jiens's acquisition of Liberty Mines under rather dubious circumstances.  Or they will find there's not enough metal in our claims and let it collapse.   Between now and then they may begin to repay the loans.  We'll see.  Right now this stock is lower than when we ceased trading.  Why?  Because few believe in this company [except for insiders who control the events and are trapped anyway] or don't see how it can make a profit OR who look at this as, at the very best, as dead money.    In short, "victor2009" you're flat wrong.

By the way, go back and re-read what I posted.   That I wasn't going to RESPOND to your future posts as I think you're an idiot.   I didn't say I wouldn't read your posts.   You really need to read more carefully.   For your information, I read most posts.  In fact you're one of very few I don't read much anymore as you have nothing of value to say.  You only attack others.    You are Liberty Mines pit Yorkie