Replies to post #50499 on Liberty Star Uranium and Metals Corp (LBSR)

[king yukon]

NAK has private sale February 24,2011 of 10 million shares @ $17.oo the shares were sold to private investors. That amounts to $1,170,000,000.oo! It just DAWNED on me that I think NAK could afford to to a drill program with a small part of those funds, YOU THINK!(?)

[kudos2u]

Price is down on Canaccord revising their 12-month target to $23.90, when one would have expected it to be much higher.

Hah...it is humorously sad isn't it, that the market is so jaded by all the Wall St pumping, esp from the dot.com era, that it simply considers ALL "targets" to be pumps far closer to fantasy than reality.

I hold a stock that an analyst gave a sp target of $104/sh 4-5 mos ago...or something close to that. It was selling around $17 at the time...ran to $28...stopped, dropped, and has been living around $20-$22 since. It may eventually be worth that, but the market said "interesting...I'll give you $.25 on the dollar for that target...take it or leave it." LOL...

[Milo2]

Does Canaccord give any rationale for their estimate vis-a-vis TD's?