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Liberty Star Uranium & Metals > Message
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Re: Brutal price decline on low volume

Posted by: TomPaineFan on May 21, 2008 02:55PM

In response to: Re: Brutal price decline on... by coffeenow

Coffeenow, I don't want "fluff" press releases either. But the "one or two" press releases per month about some newly optioned copper claim targets or something about the Alaska legislature, does not keep us informed about the Arizona Strip progress. Late last year and earlier this year the company was keeping us informed via press releases, that they were going to drill certain "pipes" and have them analyzed, etc. Now, we hear nuthin'. And when we ask them ourselves, recently we've gotten answers like "work is progressing".

But even if those answers were more specific, I'd still like to see press releases for the public, so everyone who's interested can know what's going on - or not going on. If there are over 300 identified pipe targets on LBSU's claim, what would be the big secret against saying something like "We are drilling pipe #143, ok found nothing there, now drilling pipe #257, looks interesting, going to have that analyzed". Or whatever. My point is that silence is not exactly golden in this case, as can be seen by the rapid share price decline over the past several weeks.

As to the sharp decline or low volume, all I'm doing is pointing out the obvious there. One way to look at it is that since over 99.8% of the shares are still held in the same hands as yesterday, it's not as if long-timers are running away from the stock. The other way to look at it though is that there's virtually no new buying interest, since the stock fell so much on so few shares traded. And why is that? Probably because people don't feel well informed about what's going on at LBSU, particularly regarding the Arizona Strip.

We can talk about value all we want; the potential should be obvious to anyone. I see it. Heck LBSU's share of Bonanza Hills alone could be worth several times the current market cap, and very few even think about the Bonanza Hills stake, most of us are here for Big Chunk or Arizona Strip or both. Again I don't want fluff and hype, just a consistent flow of information, as an overview of what's going on in Arizona and the company overall.

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