NORTHERN SUN MINING CORP LBEFF

Ecconomics

[rocksolid47]

Millright,

 

You want to make the issue about resource calculations but the real issue is ECCONOMICS. Because of the debt situation this project fails the sniff test. There is no economics that help the long term shareholders. LBE was forced into a shot gun wedding because the previous management spent way too much money and should have gone into care and maintenance sooner (like I and others told you).

 

Jilin Jien dictated terms which were beneficial to them. They will end up taking a much larger share through debt conversion to shares leading to massive dilution and probably take it private.

 

Pump sunshine till the cows come home but you can’t change the inevitable.

 

Rocksolid

[legend7]

Hey Rock,Were you not the one that said Liberty would all ready be bankrupt? Were you not also the one that said JJ would all ready own Liberty outright? You keep saying all this crap and it doesn't happen....I don't think you are right on too many things....when is ISM hitting $26.00 LOLHow in the world do you think you have any credibility left here? It amazes me.

[rocksolid47]

Legend,After seeing those financial reports it's just a matter of time. LBE will however not go bankrupt because they have a financial backer who will trade the money they "lent" LBE into shares plus interest. Its called massive dilution and the first 51% is already gone. The rest is yet to go.Rocksolid

[CaptainMax]

Rocky/TPB/EBF/Drillbit, You are not even qualified to read financial statements, let alone spell Economics!! All the comes out of your mouth is S**T plain and simple! For someone who lost everything on ISM, shouldn't you be venting your anger towards the ones in control of ISM? You are spending more time over here trying to bash a company who brought their mines into production, a company

[legend7]

So you admit you have been wrong on LBE so far?The financials you speak of were not at full production that is what you conveniently forget to mention when Liberty shows full production for a full quarter that is when you will see how much they can pay down. I am pretty sure you will be wrong YET AGAIN. Your batting average is pathetic

[victor2009]

Rockbottom,You say: "You want to make the issue about resource calculations but the real issue is ECCONOMICS.'There is some truth, and some falsehood to this statement. That is a considerable improvement for you, is highly unusual for there to be a smidgen of truth to what you say.I don't want to make the issue about LBE resource calculations. I have no issue with the resource

[rocksolid47]

Millright,Endless paragraphs of crap won't change a thing, the economics of this operation were destroyed when the previous amateur management made several key mistakes.What LBE has become is a "could have been" Except for stroking your ever increasing need to dominate other people your just flapping your lips. Rocksolid

[gsgold]

Good honest post Rock, like to hear some good comments not some far fetched theories. By the way: I hear Chinesse Nija's are for real. Any thoughts?