Re: ...Reading Between The Lines
in response to
by
posted on
Jun 27, 2009 07:46AM
Producing Mines and "state-of-the-art" Mill
Kirdsmeeton, I talked to Gary this week but did not ask him about when we would begin trading again. We know that this quarters statement has to be released on SEDAR before the exchanges will allow us to be traded. I think Bluenoser's interpretation is the best I have seen yet and that is before the annual meeting we will be trading and personally I think it will be shortly after the 1st qtr results are released.
I found it interesting on SH that Northboy said the ads are in the paper now for hiring miners for Liberty for around 1 Aug.
Gary sounded very upbeat about what is happening at Lbe. Before we shut down the Redstone site was prepared for when we resume mining. McWatters will take about three monts to be ready for mining and during that time ore has been readied at Redstone. We can get at about 90,000 tonnes but I do not know the daily rate.
Its funny(strange), our statements reflect no money and yet we were able to hold out and not go into bankrupcy. Shareholders helped out when the needs arose to go through the Lbe site for things to be sold that were not considered essential and to enable our barest most financial needs were met. We have a strong core shareholder base who believe in our company and Gary was able to draw on that reserve when our need was greatest. We will never know who helped but for myself I am grateful to those unknown people.