NORTHERN SUN MINING CORP LBEFF

Buy at a penny?

[ExSudburyGuy2]

Nope. Liberty's going to file for CCAA within a few weeks and either get taken over for a percentage of the debt outstanding or just liquidated. Either way, shares will be worthless.

And management can blame it on the economic situation or a fall in nickel prices, but the reality is they just didn't have enough nickel in the ground to make a profitable mining operation in the first place.
This has played out at other companies, in other industries, time and time again. And everytime a CEO starting telling investors getting financing to get a company to profitability wasn't a problem, it was the beginning of the end. When time after time you need financing to get you to profitability, it means your business model isn't working.
Hopefully some of the folks who actually believed this have learned from it... and maybe realize that when someone is critical of a company it isn't necessarily just bashing but may have a basis in reality.
But love is blind and that's why the best rule is not to fall in love with your stocks.