Re: FROM JIM BRISCOE: Recap of Liberty Star current events
in response to
by
posted on
Aug 15, 2015 04:06PM
Combining Classic Mineral Exploration with State of the Art Technology
George Bush said, "Fool me once, shame on you. You fooled me, can't get fooled again." What this means in your's and LBSR's case is that you and LBSR have a pattern; that is seeking more cash and producing zero revenue whilst being excited in the SEC filings. You can have a million people argue with me that follow your exciting filings, but you now have 5.25 billion shares of sub-penny stock that you as CEO generated under your watch. This is a fact.
Considering the Chinese can out-produce at a fraction of the price and with a slowing economy, can lower their prices where the govenment subsidises any industry, LBSR is and has been dead for years now as a miner. LBSR will never compete with the Chinese in mining when the company can't produce revenue or even metal. This is basic economics and something called, reality. There is no viable model that LBSR can continue whether or not it produces copper or any other metal mainly because of the massive dilution of shares and sense among other shareholders that the company knows exactly what I have written here about China, but at best LBSR suffers from a constant state of denial.
You see anyone can sell dirt. I can go outside under a large tree and dig up that dirt or go to a place like Walmart and buy a bag of dirt. Regardless of where it came from or the quality, I have the dirt. But if I go to a store that sells dirt and they haven't had dirt to sell for 10+ years, I would wonder how does a business that sells dirt stay in business for so long when they don't sell dirt or anything else. Unfortunately, in this case I am not the customer, but partial owner and its my money that was used to start and keep the business going. But I am not the CEO, manager or salesperson. In this case that's you. Like I said, "anyone can sell dirt."