Re: Terribly Disappointing & Completely Unsatisfactory
in response to
by
posted on
May 22, 2011 06:34PM
Producing Mines and "state-of-the-art" Mill
What you seem to not realize Nicks is that one I'm not an ISM shareholder. I guess I would be frustrated if I were a Liberty shareholder, and a long term one at that. What is it, five years and counting with a promise around each and every corner since then.
Now its a new CEO that will change things? Too bad you didn't join the ranks of the disillusioned about the old CEO sooner then. Your good pal then was going to be the second coming just like Judgment Day yesterday, and it didn't happen.
As far as the mill being down thats a non issue. Even if that bucket of bolts was running full out it still won't make any money. As I said, someday this operation just may squeeze out a token profit and the few hanger ons will jump for joy.
What you clearly seem to lack in understanding is that Liberty will never pay back JJ let alone earn some crumbs for the minority shareholders.
For some strange reason the Chinese continue to throw money at this losing piece of trash. But wait Hart and these new deposits will turn this all around. Yeah right. Wait till we see just how much Hart will cost in capital.
Theres a reason why this company's market cap is less than 1/3 of what the Chinese are owed. Or is it a 1/4 now? After Hart it will be down to 1/10. Good thing JJ gave the company a further 18 months of life support. Plenty of time for the new CEO to work miracles.
Your last name wouldn't be Whaler would it? Might as well be.