Doingthejob for Aatozz,
We all understand the disappointment you have had with your ISM investment Aatozz; but really, don’t you think it’s about time you focused a little of your energy on ISM Management in an attempt to get them to address some of the more pressing ISM issues and concerns that seem to bother you and the rest of the market.
Bash LBE all you like, but as LBE slowly ramps up to full production over the next few quarters; in my opinion, your disappointment in ISM will only magnify. The market weighs the positive and negatives in all stocks, and so far with the partnership of JJ and LBE, it looks like it is beginning to like what it sees.
You seem as irritated as Tantallon and EBF that JJ partnered up with LBE at the very crucial time it did. By evidence of their postings, as well as your own, it is pretty obvious you were all counting on LBE going into bankruptcy so that ISM could pick up the assets on the cheap. Didn’t work out as you had hoped, and now you’re crying the blues. It is time to get over it all Aatozz and move on. ISM’s Independent Micon Resource Report has cleared the air of who was right and wrong on the promotional side of things over the past several years regarding any size of resources ISM may have. As well, the Independent Micon Report was based on ISM building its own mill; that or mine, transport and mill the very low grade mineralization elsewhere. Those are the facts and choices you have Aatozz and the market awaits ISM’s decision of where they are now going to take the company. In my opinion, at the snails pace ISM seems to take to get anything accomplished, the cash ISM has on hand will be long spent before any of the choices above might be considered and/or acted upon.
As for LBE, investors are well aware of the risks they take. Whether it is LBE or any other stocks they have in their portfolios, questions or concerns always get answered by phoning and talking with available managements. Unfortunately for you, and most other ISM shareholders, this doesn’t seem to be the case with your investment of choice. Maybe that is one of the reasons the market partly values ISM as it does, and maybe that is another reason your irritation is at an all time high!
As I mentioned on the other site, “the difference here is most LBE shareholders are confident the partnership with JJ will benefit us all in the longer term, and that is why you still see many of the older investors still around and confident in LBE’s future. It would have great if LBE didn’t get caught up in the downturn of the economy and the problems that it caused for LBE; but management successfully worked through those difficult issues, allowing LBE to continue on with its goal of becoming a mid tier producer in the coming year.”
As the debts slowly get paid off, the stock will rebound and growth in LBE will continue on from further exploration/drilling and/or acquisitions. I am sure we will still have some more bumps along the way, but for what we have all been through, it is certainly going to be a little easier to take.
You and your crew can dwell and stew on your poor investment choice by bashing LBE all you like if it makes you feel better, but as the quarters pass and LBE share price surpasses that of ISM’s, the only one bothered by it all will be you.
If you want to do something constructive, why don't you have another luncheon date and see if you can get some of your concerns addressed. The boards are still waiting for the answers from the last one you said you were attending?
Best of luck,
Nickel