GREY:LBEFF - Post by User
Comment by
NiceGuyEddieon Oct 18, 2010 11:09pm
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Post# 17580143
RE: RE: News In
RE: RE: News Invictorino - re lbe, i think we understand each other's points of view, let's agree to disagree. let me sum up lbe like this, after all was said and done more was said than done. even if they manage to pay down 60 million of debt (which i think is impossible, there will always be some obstacle that will surface, count on it), they will have a remaining mine life of 4 years. you may get the attention of a fruit fly with 4 years. their future drill targets have to be stellar. today's value is based on tomorrow's performance, 4 years is nothing. debt is the enemy. it's like pride, it never helps, it only hurts. you and i would own 0% of lbe if jj decides so. please forgive me if i don't find solice in jj's going on record that we will not convert....
now on to the tsx's best kept secret, nml - will it drop to 70 cents or less before it powers forward?...probably. can it instead take flight as soon as tomorrow or the day after that, or the week after that, etc? it's a definite possibility. at the end of the day, nml will be successful. if you are as thorough with nml as you are with lbe, i think we'll finally agree on something