TSX:SGR.UN - Post by User
Post by
marketmineron Oct 24, 2006 12:08pm
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Post# 11547900
Comparison to LBE
Comparison to LBEThese guys have "No mill", only a ramp, Hardly any development, a mill which has been ordered and needs to be installed.... they acknowledge they will require a shaft, hoist and more infrastructre..."if" they prove up some more ore!
What they do have is a loyal shareholder base that are confident that the many tasks will be fulfilled. They also told investors that they would develop infrasturcture and pay for it from profits,.... 3 financings ago.... In spite of this the shareholders remain confident and suportive.
Today they moved up another 10%, because of this support.
That being said, SGR share price is falling apart.... WHY?... I think that may be very obvious.
Liberty Mines raises $9.04-million privately
2006-10-24 09:26 ET - News Release
Dr. Gary Nash reports
LIBERTY COMPLETES OVER-SUBSCRIBED FINANCING
Liberty Mines Inc. has completed its previously announced oversubscribed private placement with the receipt of gross proceeds of $9,044,690. A syndicate led by Salman Partners Inc. raised $8,000,115 of the gross proceeds and Liberty raised the $1,044,575 balance of the funds. Under the offerings, 6,350,266 flow-through common shares priced at 90 cents per flow-through share and 3,917,000 units priced at 85 cents per unit were issued.