GREY:LBEFF - Post by User
Post by
ExSudburyGuy2on Mar 20, 2008 9:02am
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Post# 14752778
Millright
MillrightObviously a biotech and a mining company are two different beasts. But you can compare management styles. And Gary's management style of the past year reminds me an awful lot of Greg Hines's at TM. Gary seems intent on pounding on every door on Bay Street to raise more cash, just like Hines used to brag that all he had to do was take his laptop and go down to Bay Street and walk out with $5 million...
Well the strategy for Hines didn't work out, the financings dried up and the company went bust.
You say Liberty is profitable. Umm, I have yet to see anything indicating profitability. In the last quarter they had a loss of $630,000 on sales of $3.7 million.
I don't expect their fourth quarter to show any profit either.
But like I said. Tm had its pumpers too. And they were busy typing away predicting a great future for the company.
And personally, I don't care one way or another what happens. I made some money off Liberty (just like I made money off Tm). I hung around on the Tm site for a long time after I sold my shares, just 'cause I was entertained by the banter. Same thing here, since the trash talk is hilarious. If Liberty starts to show me it's getting away from just running around begging for cash and actually moving ahead with production, sales and expansion of their ore bodies, I'll be more than willing to get back in. Till then, I'll stay on the sidelines, occasionally throw my two cents worth in... and probably end up being called a basher -- just like in the good ol' Tm days. But hey, it's all good.