Whaler
posted on
Oct 18, 2008 12:49PM
The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.
I have a question for you and the whole board. Before I invested in Lbe I followed the simple philosophy that if I did not like a stock - I sold it and moved on. If I did not own a stock - I might visit a site on read some of the comments but I rarely posted to that site. Why is it that people who do not own shares have to constantly come on to another company's site and have frank and open discussion. I will give you some examples:
OK guys I have some questions for you. How much debt will LBE have after the new financing which is closing this week? How much are they getting for their production? What is the cost per pound for mining & processing? What is their target Nickel price. What will be the monthly debt servicing costs?
Perfectly legitimate questions.
I would be very surprised if the financing went thru on a disclosure like this. IMHO
I think a written explanation from the management is required and I am also sure this meets the requirements of material disclosure. So why was this not brought up at the AGM a few weeks ago? Surely it must have been known.
Heh guys, let’s not start making excuses for LBE management. This is not grade school and there are millions of dollars of people’s investments at stake. I counted about a dozen individual items on the Alberta and British Columbia Securities Commission report that required adjustment &/or correction. You, as shareholders, pay management to do a job for you and it was not done to a recognised standard. When I produce a report for a client, it has to be right because they pay for my qualifications & knowledge. No excuses. Its time you get what you paid for.
As far as not completing the financing, how could I know? If I were a financier I would be revisiting the reports & demanding some answers before I signed a cheque. That would be doing their DD
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Seems like alot of opinions about a stock that you don't own. These are all the posts that have not been removed by the way. There are other ones that have been removed. Perfectly legitimate questions if you are shareholders. They are not posts that I would be posting on your site for explanations why your information is not being posted in a timely basis. That is your business. It is not my business where your company drills their holes . This is all semantics isn't it. You and I all know why they were posted on the Lbe site and yes they are all legitimate but you know exactly why they were posted on the Lbe site. I may not be as smart as you guys. I do question the motives of the poster on our company web site.