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Liberty Star Uranium & Metals > Message
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Re: Strong volume on lack of news

Posted by: TomPaineFan on July 01, 2008 02:54PM

In response to: Strong volume on lack of news by geoglow

It would be good to stay informed, but don't know if a "we are still drilling" update would help at this point. They did mention the jv breccia pipe drilling fairly recently. Only some solid results will move this stock above 10 cents again, IMO.

My guess is that we haven't had any new share buyers for at least six months. That is, I think the only people who have bought LBSU shares in the past six months also owned shares at the start of this year. Nowadays "share volume" looks strong, but the net dollar amount still isn't much.

I still haven't given up here; I have just as many shares as I started out with this year. Other than not yet finding anything, there hasn't really been any negative news, unless you count the turnover in the drilling crew. And maybe that was just a cost control measure. This stock is so far below anyone's radar, it could be worth $25/share and no one would know. At eight and a half cents, this may be a painful write-off some day, but I can't sell it now.

I would love some news, but I think it's got to be news of a discovery. Otherwise, just an update of the drilling every 3 months is enough for me.

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