Always 'fascinated' by' such lamebrain postings--as is, those who are critical-and fully deservedly so- of Russ and the likes of the always servile BOD-- should exit any and all positions held, and/or cease offering up requisite commentary because it upsets the fantasy world of TGB that you've concocted
and the current shares trade at-??-and how does that # compare to what it was at this time in 2012, 2011, 2010 and 2009?
but hey, you are entitled to proffering your thoughts, no matter how loopy they might be
so what is Cu prices on modest upswing?- what good when: (1)TGB remains an 'uber-high-cost producer of Cu- (2)Russ persistently sees fit to p-away millions on other fruitless endeavors (e.g. Nb property) (3) because TGB's fleet of dinghies are unreliable, claimed amts. of Cu repeatedly 'left on the docks'--etc etc
Oh, he's 'smart'- e.g., smart enough to have loaded the BOD with his fellow stooges so as to assure the ability to line his pockets no matter how much and many times he's hosed shareholders- his great working formula= via numerous blunders p-away tens and tens of millions of dollars, yet remain in charge of the deck of the mining Titanic known as TGB
amen to that! Russ never met a hedge position he didn't manage to lose $ on- have to give him credit for being consistent, though- right?--LOL!
About a month or so ago an analysis appeared under the 'headlines' area of the board. Basic disclosures included: (1) stats on another losing quarter; (2) and mention of a $10 mil loss on some equity trading. Also, the day after I posted part of that information, suddenly the entirety of that entry 'mysteriously' disappeared from the headlies section. Hum? Wonder who arranged that deletion?
Any of you know what #2 involved? Perhaps some of the $ slights of hand ridingthelong et al recently chronicled per the Russ and HD machinations, as possibly part of moving $ from Gibraltar revenues 'elsewhere?'
First up, I TOTALLY agree with your complains as well as others who have posted here.
That said, I'd remind you of an earlier 'difference' about HD that we'd both commented on. I opined that HD had basically sold-out 'outside' investors in Continental Minerals. You replied that HD didn't have the money to develop the Cu and gold property in the Tibet area. However, that assertion did not comport with what HD's rep (Ivan) had told me when I asked, during the ongoing negotiations with the Chinese, whether Continental, yet to receive the last and final permit (of many required previously) was actively considering development of the mine--as opposed to an outright sale of the property. He told me that Continental DID have the ability to arrange financing. In the end, though, and as you know, they sold the site for about $2.70/share, a price that many felt was a total lowball sum, as HD was anxious to cash out-- to "take the money and run' as The Steve Miller band song lyrics go.
So... all of this present 'hanky panky' with funds beings funneled off of TGB to 'finance' other HD endeavors hardly should come as a surprise. HD--and likewise as Russ had demonstrated again and again--FIRST AND FOREMOST acts in their interests, and this irrespective of whether it comports with the best interests of 'outside, 'lowly' individual shareholders, IMO. In sum, HD and Russ exercisng a resolute determination to uphold a fiduciary resposibility to ALL shareholders? NOT in this galaxy, IMO!!
Like I'd ever make my buy and sell decisions based upon vacuous postings like yours.
Too, I've seen similar goofball bunk posts that remind one of the so-called "silent majority's" witless rantings in the 1960s and early 1970s respecting informed critcis of the conflict in Vietnam:"Love it (America) or leave it."
Finally, no one puts a gun to your head and forces you to read-much less respond-- to wholly deserved critical comments about NIOBF mgt. Get over it!!
You must be related to propjoe13!
I realize that for some people 'reality bites,' you quite evidently among them.
Laughable is your characterization of my fact-based postings as "rants."
Too, equally farcical is the suggestion that my deservedly critical comments and questions have the capacity to 'scare away' potential investors. Pure gibberish. Any investor who makes her/his buy or sell decisions based upon the board postings of others is a total fool.
The scant daily trading volume, coupled with the FACT that the first phase of the private financing was hardly well subscribed tells us--as things presently stand anyway-- that there just isn't much 'outside' investor interest--again, about 2/3 of the 6mil+ shares at $.15 were bought by just two company officers, Smith primarily, while Dickie ponied up about $75K. And that was just about 1/6 of the total hugely diluted shares they want to sell in order to raise approx. $10 MIL(!) to cover 'operating expenses.'
So, given the year-long 'non-plunge into financing by any of those claimed, but still unknown, "half dozen parties," that seems to speak volumes.
Finally, you're hardly the only person who has held shares for several years-- I have too. But as things stand, I can't say I have much faith in the capacity of management to 'pull this off'-- which is why I remain convinced that given the assertions that Elk Creek holds many $ billions worth of Nb, shareholders would be best served by the company selling off the property so as to derive some investment return value, and for the very specific reasons already explained.
On 11-21-12 P. Dickie emailed this to me: "As far as the interested parties you refer to, we have non-disclosure or confidentiality agreements signed with over half a dozen parties concerning the project. Transfer and review of data is a very time-consuming issue, and in some cases, has been ongoing for many months now. However, when they will make a decision is entirely up to them – we have no way of forcing the issue. As to your suggestion to simply sell the assets lock, stock and barrel, our duty is to create the greatest value possible for shareholders, and if that is realized through a buy-out of the entire asset, then we would certainly consider that. To date, we have not received any such offers."
1. One year later and the identity of those alleged "over a half dozen parties" remain unknown. Logic suggests that some, if not all, have since dropped any purported prior interest. So why the continued 'secrecy' by NIOBF?
2. Given the projected cost of the NE NB mine of up to $500 mil, why in the world would any of the so-called interested parties (previously described to me as 'major' mining players) have ever considered any form of a JV agreement when it/they would have been funding the entire cost of mine development, since NIOBF has no meaningful cash reserves to contribute?
3. in turn, logic has it that one or more of these presumably 'deep-pocket' "parties,' it truly intending to see a NB mine developed, would have first bought the relevant Nb assets for a fraction of the cost of building the mine and then would own 100% of the operation.
4. In short, it's difficult to believe the NIOBF 'storyline.'
Ah, yes, all those lovely hedges over the past many years!
Wonder if anyone with a forensic accounting bent has ever sought to determine just how many $millions El Jefe has managed to lose for the company? It seemingly has to be a real whopper of a number.
And then those still very high costs of producing Cu, that despite the $300 mil (?) 'invested' in the so-called 'Gibraltar upgrade,' which to date hasn't done squat for the long talked about forthcoming (meaningful!) 'profitability.'
And the beat goes on at TGB 'central!''
A sincere thanks for your highly informed posts of late.
In the meantime, what are the odds the panel that blew the analysis per the liner will officially acknowledge such, much less there'll be forthcoming formal comments from 'higher ups?'
Absent that hapening, this seems still more 'evidence' for the validity of the Vegas et al 'one smells a big rat' hypotheses.
Reminds me of the line by Jeff Goldblum in the flick Jurassic Park- in part that "life will not be contained"- thus for the Canadian feds the variant--we will not be dissuaded, nor our preexisting views altered, by way of the introduction of 'inconvenient truths' (sorry for lifting your phrase, Al Gore!) about the P2 application
Your last point apparently says it all. Per Vegas' 'smell a stinking rat' read (with which I totally agree) that would be just like the feds to require more studies or additional time consuming TGB filings.
Like all else here, time will tell. As ever in the past,, the entire P2 process remains a real bureaucratically mired 'adventure!'
One other comment per the meaningless published tout about the claimed significant 38% stock price increase since the new CEO came aboard.
9-20-13- stock closed at 12 cents
9-23-13- stock jumped to close of 17 cents on trading vol. of 219.2K shares, or about total exchanged funds of $37 K on same day Smith announced as CEO. Of course we have no idea who bought or sold shares that day.
since 10-08-13, higest recorded daily trade vol (sells and buys combined) a whopping 77.8K, or about a total of $13 K involved.
So, aside from the private placement trades, with about 2/3 of the 6 mil + shares purchsed at $.15, to date the publicly traded vol. has hardly been earth shattering.
In short, really inconsequential signifixcance about the posted boast of a 38% share price increase post-Sept. 20.
Just more of your evasive verbiage and related giggerish.
In prior exchanged emaiils with both Dickie and Westcott ( sp?) I've found their supposed explanations and arguments fully unconvincing.
Obvious assigned NIOBF apologists like you have nothing substantive to say, rather you just post your little platitudes and associated bunk.; i.e., your infantile tactic of attempted diversion--seek to attack the messenger when you are unable to confront the message. How boring!
Finally, I've been a'round this board' far longer than have you. Moreover, I don't recall any posts by you during the QREDF days.
You just have to be a company mouthpiece!
And FYI, I've had shares in the company for several years and knlow exactly what I'm talking about.
If this financing plans are so terrific, why the FACT of scant 'outside' purchases?
Too, what is not at all truthful about the described 'spin' of the cited writeup in conveniently failing to note that the 38% stock price increase represented no more than a gain of 4 CENTS? Just another example of Mark Twain's 'Lies, damn lies ad statistics,' pure and simple.
And while we are on the subject of substantive, fact-based posts--of which yours is totally devoid- do you deny the validity of the company' prior announced sum of up to $500 mil to build a Nb mine at Elk Creek? And how, pray tell, absent what would amount to additional, but this time share dilution of a really massive scale, is that to be accomplished.
When I recently emails such concersn to NIOBF, the respondent replied, in effect, that:(1) company officers would also be adversely affected by such dilution (while omitting the fact that the BIG shareholding insiders invariably find('convenient to their pocketbooks) ways to acquire LOTS more shares to compensate for dilutions/ reverse stock splits, etc; and (2) he asked what my ideas are for financing. I said it's simple. if the Nb assets in NE are so valuable, to the tune of $BILLIONS of dollars, sell said assets to some outfit with 'deep pockets' and thus current shareholders derive some value. I used the very modest buyout price of $.45-50/share as an example of a cost to a BIG mining company that would be easily available.
And contrarily, you brilliant ideas are-oh self-annointed NOBF mouthpiece?
Vegas, per chance are you old enough to remember the tv ad character-Joe Isuzu- his famous phrase "I lied"-
or the SNL character, Johnny Flanagan, the pathological liar played by John Lovitz- every time he started talking he almost immediately began prevaricating bigtime- that's what governments consistently do as a matter of course
No to nitpuick,, but I recall the key source was an Iraqqi (Curveball) who fed German officials, and thus U.S. was on to its wonderfully successful adventure in Iraq--which Cheney still thinks was a grand idea!!
Now that's the uber-cynical Vegas I'd always come to appreciate!
For what little it is worth, I totally agree that the 'game has been rigged' from the get-go--a process fueled in some part by the pervasive dislike of you-know-who
as I reposted yesterday--and in response to something another poster said yesterday-- it's the total height of sheer hypocrisy for the Can. gov. to feign great concern about claimed environmental damages per Prosperity while at the same time Canada pusues the INCREDIBLY polluting oil sands projects that bring forth all sorts of environmental degadation across MANY geographic borders.
But who ever denied the vercacity of the elemental truth?-- for governments to be consistently fair would vilolate a cosmic rule: consistency is the hobgoblin of little minds
Hey, no shame in that. LOTS of other investors-- me included-- have previously left profits on the table-- courtesy of earlier believing this feckless CEO -- thus have also been shammed by TGB and it's illustrious Chief Excuse Originator-