Life isn't fairIf anyone hasn't figured out, life isn't fair. Uptown has been presenting very pertinent info. It might not be fair, but it's the present playing field. Mgt should have addressed this 7 1/2 -8 years ago when there were fewer hurdles. But, what does that tell us about the major shareholders who refused to hold mgt responsible. They just listened to mgt whining and believed their story. It shouldn't have mattered whatever the excuses were. They should have been addressed immediately. When they couldn't get approval after 1 year, everyone should have been replaced. I'm not questioning the qualifications of the engineer. The issue was FN. But, the 3rd turndown has complicated things immensely. Thus, any chance for approval will probably entail some movement of the mine further away from Lake Morrison. But, the money will be a waste if an agreement is not worked out with LBN FIRST! So, how do we move forward?
Because of the inept Management and Board, we will be lucky to ever get this approved. Another Mining CEO I spoke with said that with 3 turndowns, it's unlikely to ever get approved. Furthermore, his Company had no interest in this mine as there's too much risk. Nonetheless, he agreed with the approach a few of us had suggested, but emphasized that with Mgt & Board members having such a toxic relationship with LBN, it's dubious at best. And, I know some Board members believe they have a great relationship with LBN Council members because they're Facebook friends. NEWSFLASH!! Just because someone hasn't unfriended you doesn't make you friends. Likewise, if you send birthday wishes & they don't unfriend you, it doesn't mean sh-t.
So, that's where we're at. Inept management and Board of Directors along with undisciplined major shareholders. LIFE ISN'T FAIR. So, what do we do? ONLY THE LARGE SHAREHOLDERS CAN CHANGE THIS!! It's bizarre that grown men are so attached to mgt & Board members that they're incapable of making responsible fiscal decisions. IT'S 20 YEARS GENTLEMEN!! I ask you, why did you invest in this company? Was it for retirement? To provide your children with an inheritance? How many major shareholders will not be bothered when this mine has it's final demise and the minerals remain in the ground, never to be exploited? Is there a Churchill among you? Or, are you all Chamberlains who will do anything to prevent confrontations? See if you can find a backbone!!