Comment by
rocksolid47 on Aug 11, 2010 4:45pm
trailorparkboy,I noticed they are playing up the production cost per pound and what they expect the "future" cost per pound will be. I think I have heard those types of projections before but it looks like they are still losing money. How does that work? I can't wait to hear Millwright's & Nickel77's spin.rocksolid
Comment by
NiceGuyEddie on Aug 11, 2010 7:30pm
sorry folks, after the q2 results and corresponding outlook, you can throw this stock out with the evening trash, they'll never get it done. too much debt, he paid 0, and additional 400 million in stock will come out once jj obviously convertsit's too bad, i was hopeful there for a second
Comment by
trailorparkboy on Aug 11, 2010 8:25pm
Niceguy, Thanks for being honest but you won't make any friends on this board. Some posters here still think they can win by throwing mud at another comapny. Massive dilution heading LBE's way. trailorparkboy
Comment by
rocksolid47 on Aug 12, 2010 1:04pm
Millwright,You are correct, I have the simplest understanding of finances...If you don't make enough money you go out of business..simple. In LBE's case when you can't repay the loans, JJ takes it over.Rocksolid
Comment by
NiceGuyEddie on Aug 12, 2010 4:19pm
victor, if he pays down something like 500,000 in q3 and another 500,000 in q4, would you consider this a victory?watch the excuses come out in q3 and q4, it should be entertaining, bet you dollars to donuts he won't even be able to pay the interest.also have you noticed that he almost cut the 2010 nickel production in half since his original estimate?
Comment by
NiceGuyEddie on Aug 12, 2010 7:56pm
wow, I really believe that YOU really believe everything you just wrote. Your name wouldn't happen to be Gary, would it? at any rate folks, this will be a very expensive lesson for all of us. let's not lose the lesson.
Comment by
gsgold on Aug 12, 2010 8:06pm
You haven't seen nothing yet. Wait for Q2, I hear some are out at .11 - good luck