Mr. Nickel,

The ASC does not investigate and charge an individual unless there is a reasonable certainty of obtaining a conviction. They obviously have reason to believe an infraction has occurred and are pursuing it accordingly. Your explanation of events is lame. Whatever the case, it will all come out in the wash.

This Specfund thing has been raised before as well without coherent explanation. I wonder if these two activities are linked in some way. After all there was a previous disclosure infraction with regard to said fund.

Cheers

Wow! Maybe that would explain the sudden share price drop. Dumping that many shares on to the market will do that. It looks like, in the end, he just looked out for himself.

If found guilty, the fines are not big. It would be equivalent to getting a parking ticket for robbing a bank. I wonder what Mr. Nickel have to say about their saviour.

ebf

Tantallon,

I agree, you are not bashing. I was also called a basher for just stating the obvious. Jilin Jien can do whatever they please with their company. They are defacto sole owner. It is good however they are moving ahead with more development because they want the Nickel as long as they can break even. Profits would be nice but I don’t think that is in the cards. It’s also good for the local economy and I think the Nickel price will be strong and improving over time.

Cheers

ebf

Legend,

IMHO a run up to $1.00 is a real possibility. I wish I had bought more because China is cutting back on REE exports and the world markets are finally getting interested. UCU is also up but they are not as far along as MAT.

Cheers

ebf

Captain,

I will take my own counsel regarding what I am or am not concerned about. You have made a lot of assumptions, the first being reading the tea leaves, the other not having sold my shares of ISM. I see you are also still obsessed with Ism and RM; I will remind you, this is the LBE forum.

As far as GN getting the “short end of the stick”, why would you say that? It was the management under his control who may the fateful decisions early on which precipitated the loss of shareholder value. There was no one forcing him was there?

Just like a hockey team with a poor win record, it is usually the coach who gets fired. It’s time for some new blood don’t you think? Don’t get all attached to the management; that leads to bad judgements. Its shareholder value that matters most and maybe the new guy will pull LBE up out of the rather dismal state it finds itself in...Best of luck to him/her!

Cheers

ebf

Tantallon,

On another thought maybe Jilin Jien will just let the interest accrue thereby increasing the dilution, making the eventual privatization even worse for the long term shareholders. After all they owe the money to themselves so there is no hurry.

Cheers

ebf