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Message: Brutal price decline on low volume

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Brutal price decline on low volume

posted on May 21, 08 08:17AM

I see that LBSU last traded at 16 cents today, that's down 12% for the day (so far). On only 55,000 shares traded. Since LBSU has about 46 million share outstanding, that means today's 12% price decline is on barely more than 0.1% of LBSU's shares actually trading hands.

All this while gold is going up again, copper is holding strong despite all the recession talk and fear, and energy prices are going through the roof - which should bode well for uranium. I realize that LBSU doesn't want to generate press releases to say "we have no new finds to report at the moment", but without saying much of anything, it seems that some investors are assuming that the company has turned out the lights. Anyone else see it that way?

ANY press release on the actual situation at the Arizona Strip would be helpful. Or even something about the Bonanza Hills JV would be good, seeing as that's the only place where some worthwhile mineralization has been found so far (IMO). Press releases about optioning new projects and about news from the Alaska legislature may be intended to be helpful and forward thinking, but I think it's giving the impression that LBSU has nothing else going on right now. I'd like to be long term here, and at this point I pretty much have to be, but I had thought that LBSU would keep the public better apprised than this. My choice to be in this stock, but I don't understand the relative silence - unless this is ahead of a deal to sell the entire company.

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