In general, mining stocks were hit hard today, and as usual when such happens, explorers did worse than the rest of the mining sector. Our neighbor in the Tombstone area, TMBXF, was off some 27 percent for part of the day, closing off "only" 17 percent (compared to LBSR closing off 7.7 percent).

I see also that trading was thin overall, and it was especially so with LBSR. Having said that, the "summer doldrums" in mining stocks has begun, so the whole sector is slowing anyway.

The poing to remember now is that thin trading can lead to extreme volatility on news, because fewer shares are at all available when trading picks up. Also, and in looking at LBSR's trading history, I get the sense that most "holders" are committed, and will not be so quick to dump even as the price may go exponentially higher at some point over the next weeks-to-months.

These words, of course, do not make eroding share prices easier to watch, but it does help to view this in context.

VP