posted on
Oct 25, 2008 03:30PM
Ni, Co, Cu, PGM, Au Properties in Ontario Canada
Producing Mines and "state-of-the-art" Mill
Message: ..........beer....ta...
...is this fair, Wall st still enjoys their big pay checks , while the rest of us worry who is is next to fall. Greenspan says , well it worked for the last 40 yrs. I recall talking to my brother in law just this past May, and he said he purchased FNX shares at $ 30. a share and the analyst had a seventy dollar target on it. To-day the share sits just above $ 4. and he asked my opinion, and i told him that these times in the market are uncertain and to make his own decision. I told him about a story i had heard, in the dealings between Vale and Fnx, where FNX had a major stock pile of ore sitting on their property waiting for process , and because ore oxidises after sitting for months, by the time Vale processed the ore Fnx received a smaller pay check because of the oxidation.(JUST A STORY I HEARD ).Wanderer5, you hit the nail on the head, as you said our Mill is what the market is after.These synergies that Liberty enjoys will keep us in the game as others cost are rising . Liberty in my opinion, has to much to offer to be over looked and we could have to fend off some low ball offer. Thank you for our poison pill. Traps7
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