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NORTHERN SUN MINING CORP LBEFF



GREY:LBEFF - Post by User

Comment by victor2009on Jan 28, 2011 2:42pm
480 Views
Post# 18042103

jmp3rRE: Victor2009, Not Interested In Excuses!

jmp3rRE: Victor2009, Not Interested In Excuses!doingthejob/aatozz/PVB (Pinheaded Vacuous Boor)

Your expertise and credibility can be judged by the previous examples given of your mining and business knowledge - a Report Card on which you have earned an "F" grade. It is interesting that you avoid defending the hilarious efforts on assessing a mine, that Nickel77 took you to task on, and proved you an idiot.

But I won't let you off on your ludicrous claim that Gary Nash's accomplishments are eclipsed by those of Randy Miller. I'll deal with some examples of Miller's business savvy on the ISM forum, as you chose to bring it up. But I'll make some comparisons to your idol right here.

Gary Nash's involvement in public companies commenced after he was involved in a private operation, in which he was successful and respected. Randy Miller's involvement in public companies commenced following departure as an account executive with Yorkton Securities, a departure that was not voluntary and the circumstances eventually resulted in sanctions and fines being imposed by the British Columbia Securities Commission.

With these different backgrounds their paths crossed as they were both CEO's of mining exploration companies in the Shaw Dome. Gary Nash's stated goal was to explore and develop LBE properties and bring them to producing status. He succeeded in doing this, to the extent that a recognized global mining company showed interest in assisting financially in the development and becoming a customer for the early shipments of concentrate. When the global financial crisis hit, the global company recognized enough potential in what Gary Nash had accomplished to make a significant financial investment in the company, with the stated purpose of making Liberty their Canadian public company presence in this mining sector.

Randy Miller's stated goal was to benefit shareholders through a quick flip of the properties to a major, and during a dog and pony show in Spring 2007, he hinted that majors had shown interest. Supporters and promoters held out that his goal would be accomplished by the fall of 2007. The fall of 2007 was exactly that, nothing happened - the fall was the start of a three year collapse. The company went from a target of multi-national giants, supposedly worth hundreds of millions, to a failed mining experiment trading at a value equal to its remaining cash. Its major mining asset now a property unworthy of priority exploration, with no indication of economic viability. The company's cash being what was left from equity placements raised to further mining exploration and development, but the commitment had not been honored.

doingthejob, in your ignorance, you can claim what you want. But the truth remains - both men stated their goals for the companies they managed. Gary Nash met his goal, under difficult economic conditions. The result personally was not what he would have expected, or what he deserved - but he reached his goal and retained his reputation for integrity. Randy Miller, within a longer period of time has failed miserably in reaching his goal. In doing so he has made judgement calls in achieving personal gains related to ISM transactions, that while not illegal, certainly have been despised by many shareholders of the company. In terms of accomplishments in developing a mining company, Gary Nash has done more in one week, than Randy Miller has done in his lifetime. The story is not over on either company. I'm quite confident that Gary Nash's vision of Liberty becoming a successful producer, will prove more insightful than Randy Miller's dream of selling out to a major mining company. In fact, I think that fact is now evident. We'll have to wait and see which company succeeds in growing and maintaining shareholder value. I know which one I'll be betting on.
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