Not that there is always a direct relationship to LBSR trading, but this has been a horrible week for miners and mining. For instance, an index of Canadian gold producers is off 8.3 percent through Wednesday, and many of the exploration companies I watch are off that much and a whole lot more.
Corvus Gold, which has great exploration results in Nevada, and in which I was among founding shareholders, is off nearly 20 percent this week, and similar to other stocks is off about 33 percent in the last month alone. Meanwhile, Liberty Star over the the last four days is off 11.67 percent, and "only" 0.62 percent today.
At this point, my question is as follows: When the bleeding stops in the exploration sector, can we expect LBSR to rise along with the rest of 'm, or are we entering a new era where mining stocks will have the popularity of government mandated health insurance?
Otherwise, and with what's on the horizon, I don't see this slide continuing much longer. Time for an upturn, I think - with or without news.
VP in AZ