I couldn't help myself but register on HC to post my opinion about some of the comments made about Liberty and their current board.
First of all there are people giving their opinion about how shareholders should vote yet they have no shareholding or sentiment.
Now, let's ignore that for the time being and look at the fundamentals in the coal sector before we look at management.
The Coal exploration sector has been depressed for years, the majority of junior exploration companies lost most of their value in the last 3 years.
Examples Cok from 0.53 to now 0.04 MTE from 0.15 to now 0.029 CZA from 1.40 to now 0.10 CPL from 2.15 to now 0.285 MNM from 0.16 to now 0.028
The above are just 5 examples, now in contract let's look at Liberty, 3 years ago it was at 0.09. Today its closing price is 0.044 which is half what it was 3 years ago. That's great performance in comparison to the above companies.
Not withstanding the above, the board have been putting their own money into Liberty so they do not have any interest in keeping it idle.
The sad reality is people blame management for the share price and performance, yet they do not see opportunity when the share price is cheap.
When the manipulation was occurring last month I was accumulating, why? Because I saw what was going on.
Manipulation is your friend if you can see through it.
I am voting against all resolutions, I hope that most shareholders have enough common sense to look at the facts and make their own judgement based on the evidence presented to them.
Cheers,
CNW Price at posting:
4.4¢ Sentiment: Hold Disclosure: Held
