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Message: Thoughts

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Thoughts and trading resumption

in response to Re: Thoughts by traps7
posted on Jul 06, 09 10:01PM

There have been some enquiries on this board over the last 2 months asking if people think whether the stock will rise or fall upon resumption of trading.

IMHO, what happens on that day and the ensuing ones is not that important, unless it is very dramatic, such as a drop to a penny or two or a jump past $1. If the stock had started trading today amidst the carnage, it probably would have dropped. If it had started trading 2 weeks ago it might have risen. That is based on fear and greed, not fundamentals.

Now that we have the financing sorted, upon resumption of trading we will rapidly adjust to the new equity value each share has. But over the longer term we will then be back to being impacted by external forces, such as the price of Ni, the value of the Canadian dollar, and the economy overall.

What I am most interested in is the increasing price of Nickel (see Whaler's post on the ISM board today showing the price trend), and the timing of our production. Let's face it, last time we started production, the timing was awful due mostly to external factors. Let's hope that those external factors are better now for the return to production.

It is not important to me what the price of Liberty is on the day it resumes trading. What is important is what the price will be in 2 years in a rebounding economy with better metals prices, and what we find we have due to exploration on all of our properties.

The only thing I know for sure: I will not be selling into a panic sell situation when we are facing an economic recovery, regardless of how long it takes to get there. I held on when we were below 5 cents before, I will do so again if we end up there. It is risk/reward, and I already have taken the risk. I am going to hang on to see the reward.

All my opinion. Take it or leave it, or better yet build on it with constructive discussion.

Cheers,

Bluenoser

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