Liberty Star Uranium and Metals Corp (LBSR)

[RKT989]

Extrapolating the worth of the entire property from what a small percentage sold for is flawed..
for example Nova gold had a similar event happen..During the debacle of 2008 their share price dropped so much that when the debt came due they essentially sold 1/2 of the equity in the company to raise cash to settle the 20 million (aprox)..The CFO was fired because they could have sold just a few million shares to raise the cash just a few months earlier..
The share price since then has risen from .37 cents to over 7.00 dollars..

Was 1/2 the equity only worth (I think they raised) aprox 40 million in the sale

The answer is NO.. Net worth now is in the billions..

This is just a similar fire sale to get the default taken care of..