Re: News (Sarlock)
in response to
by
posted on
Apr 16, 2009 05:49AM
Producing Mines and "state-of-the-art" Mill
I guess I am lumped as a cheerleader. Oh well, life's a bitch! Any time there is a financing people are not going to like it! The debts have been paid off and preferred shares issued for the debts. Those shares will get an 8% anual cumulative dividend. If dividend is not paid then it accumulates. This allows us the time to get up and running and not have a shotgun to the company. It allows breathing space. McWatters has to get up and running to full capacity. Liberty has to make money on the ore. The Chinese have been good business partners to deal with. The shareholders have to decide if they like the deal. When we are listed again the shareholders will decide to carry on holding shares or they will sell and move on - just like any other company. We will see appreciation in our share values as Liberty shows profitability. Most investors see their profit when they sell their shares. No shares are held forever. So the market place will decide the rest.
Liberty has to do its job and produce growth and profit for our company. The rest is all subject to our own interpretation and the marketplace. As bluenoser said a long time ago - we all bring our views to this board. Right now - they are polar opposites. Lets just respect all opinions.