RE: Tick-Talk, Tick-talk...dellrey6666,
I agree with the credit you give Gary Nash for his efforts to bring LBE to production status. Too many are quick to criticize, without giving credit for what he accomplished. Gary attempted to get a small company off the ground, with minimal dilution and maximum rewards to the early shareholders. The timing of outside influences over which he had no control, made that impossible. Many so-called experts, using hindsight, have been willing to suggest they knew the final outcome and it should have been avoided. As they say, hindsight is 20-20 - I suspect that most of these "experts" don't have the experience to run a popcorn stand - they haven't been through business risks themselves, but are very pleased with their ability to forecast results after they have happened. You never make mistakes if you never do anything, Gary did things, and didn't achieve all the results he was seeking. I'm sure he'd be the first to admit that had he foreseen some of the hurdles he would have taken a different course - but anyone involved in growing a company faces that reality.
There's one other thing that Gary's involvement allowed for the individual shareholder. Gary couldn't insulate shareholders from the risks involved in investing in a developing company. But you could invest in LBE when he was in control, without concern that your money would be wasted on frivolous expenditures, promotion handouts that did nothing to benefit your share value, nor huge compensation and sweetheart option or placements that benefitted a greedy few at the expense of your share value. Gary spent the company money like it was his money he was spending. When other companies were spending 50% or more of the "easy come, easy go" shareholders' investment with the parasites which hang around some of these mining promotions - all LBE resources were committed to bring the company to production. It may not have turned out as Gary and the shareholders had hoped - but it was not from lack of trying. So, like you, I give Gary Nash full credit for his efforts.
You say that Liberty becoming a mid tier nickel miner is a pipe dream that will never happen. You're entitled to your opinion, but it does differ with mine. I don't think its time to count Liberty out, in reaching mid tier and profitable status. It has proven reserves, and it has property with exploration potential.
And I completely disagree with your assessment that Jilin Jien can "get the nickel for free." As big as Jilin Jien may be, it cannot take company assets or production without accounting for them, there are all sorts of laws that prevent this, including those to protect minority shareholders. Things are certainly not perfect, but its not so lawless that foreign companies can run roughshod over Canadian governments, agencies and investors.
At this time, and almost certainly for the foreseeable future, the concentrate cannot be sent outside of Canada for refining. Suppressing the share price will do nothing to change this.
As for your hopes that the new CEO is not a puppet of Jilin Jien - good luck. Jilin Jien is controlling shareholder - with that comes the right to control the company - within the law. Unless the new CEO is very naive, he will know who calls the shots and whose interests are to be looked after. This isn't all bad - Canadian investors have realized billions in investment returns from companies that are controlled by foreign investors. I like my chances far better in that scenario than in some small companies I can think of, where there's no control and the objective of management is to fill their own pockets and forget about shareholders.