Wanderer
posted on
Sep 23, 2010 12:29PM
Producing Mines and "state-of-the-art" Mill
Wanderer,
Tantallon is definitely not an LBE shareholder; never has been and never will be. What he is; is a very disgruntled ISM shareholder that can’t seem to get any answers out of the management of his prized investment!
He too was probably one of the ones that bought into all the promotional hype that ran rapid up to the releasing of the Micon Resource Report.
Like EBF, Tanatallon and the three alias combination(s) of Rocksolid/TPB/Drillbit and Doingthejob/Aatozz/Keep_Vic_Honest, are going on as they do, is because they are so irritated that JJ partnered up with LBE at a very crucial time. By evidence of their postings, they were all counting on LBE going into bankruptcy. In my opinion, the Micon Resource Report has proved everything anyone needed to know about the promotions that drove ISM stock. It couldn’t be any clearer from the results released, and no doubt, the market has agreed and valued the stock accordingly.
The only hope these boys ever had was for ISM to take over LBE assets if a bankruptcy in LBE occurred. It didn’t pan out the way they were counting on, and now we are witnessing their disappointment in their posts. Don’t you find it odd that very few of them ever mention a concern about ISM since the releasing of the Report? Maybe their continued bashing of LBE is a way of grasping for straws in a last hope effort for the poor investment decision they made. As childish as it is, let them continue on if they wish. As each and every quarter passes, LBE’s numbers will slowly shut them out.
Obviously, LBE's stock hasn’t faired well either through all these times; but 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 here and confident in LBE’s direction. 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 times, allowing LBE to continue on with its goal of becoming a mid tier producer.
As the debts slowly get paid off, the stock will rise 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.
Once again; I say let Tantallon and his crew waste their energy and dwell and stew on their poor investment choice by bashing LBE if it makes them feel better. Two or three quarters from now, I really don’t think we will see them hanging around.
Best
Nickel