RE: Good to SeeExSudburyGuy2,
You've voiced your opinion. I am not aware of the circumstances in Gary Nash's departure, so I can't give my opinion, on whether it was the right thing or if it was overdue. If it is related to a personal or family problem of some type - I'd say the right thing is what Gary Nash thinks is the right thing. I find it difficult to believe that this man is leaving because he hasn't the will to see this thing through to his objectives - he persevered through difficult times when he was almost alone in believing the company could survive. I can see him leaving if he thought there would be someone else that could better serve the needs of the company and its shareholders - he is one of the few at this level that has that kind of character. It is also possible that the decision for him to leave was one made by Jilin Jien - if that's the case, that's a right they paid for when they put money in this company when no other investor would do so. It's business, but you won't see me saying it's good to see or that it was overdue. Regardless of what triggered the departure of Gary Nash, it detracts from share ownership in this company for me. I had a trust in the honesty and integrity of his leadership, that I have had in very few other instances. I also enjoyed seeing policies in place that evaluated use of the company treasury like it was his money he was spending - versus the attitude by some "leaders" that the public company status provides them with a bottomless pit that can be peed away indiscriminately - and quite often for their own undeserved benefit. ExSudburyGuy2, you've got the information you require to voice your opinion - I haven't, and I'll reserve judgement until I do.
But what's with this "guess" that you won't be seeing Victor, Nickel and the rest anymore. I have the courage of my convictions, I don't run because I can't explain my reasoning or document facts - or if I should admit an error in judgement. Nickel77 has never avoided issues - he didn't run and hide when things were much tougher with LBE than they are today - what makes you think he would now. Are you judging others based on what you do when things don't go your way?
Following your previous post on this forum, I questioned a statement you made, but you seem to have over-looked an explanation of your reasoning. Will we be seeing you again when you attend to this oversight? Or do you conserve your time by only offering your opinion - not lowering yourself to an explanation that some of us lesser lights might require to achieve your elevated understanding of the situation.
10/13/2010 RE: Same ol' same ol'
You say "Liberty right now is just a tool of the Chinese to get some badly needed commodity in the country and they don't really care if it makes money or doesn't" You're entitled to your opinion, it's shared by some bashers. They have been unwilling, likely unable, to explain this view. I would be interested in learning your reasoning. As you know, Jilin Jien (the Chinese as you call them) is not getting nickel from LBE. If they did, I don't believe they would get it at a beneficial price ("rape" is the term that doingthejob and rocksolid47 have chosen). I cannot believe that based on my assumptions, Jilin Jien would make the financial and other commitments of resources, to participate in a company that doesn't make money.
As for your reference to the conditions encountered at McWatters and Redstone, being a former Sudbury resident, I'm sure you realize that these are occurrences that are common in mining operations. There are no guarantees that exploratory drilling and independent reports identify every eventuality that may be encountered in actual mining. I certainly don't take this reality as an indication that LBE is not moving on according to plan and on schedule. If success was only measured by moving to a final goal without any setbacks or problems along the way, there would be damned few successes. That would be like saying your goal of making money in the market was a failure, because along the way you erred in judgement, as you did once with LBE.