LBSRE – Solid buying, short covering makes this a solid Play!

LBSRE, our newest Twitter alert from yesterday has been flying out of the gates this morning

LBSRE last crossed the tape at $0.0044 and buying has been heavy at the open. We are looking at another short squeeze play in the making as the naked short position is already past limits for force cover
LBSRE’s volume and price  continues to tick up – a clear sign of accumulation and is looking to break out to much higher prices.
The Reg SHO Threshold Flag according to is at it’s 13 day crucial point – a point where these naked shorts are required to buy back forcing the stock much higher
We are looking primarily at a short squeeze play – a high risk/reward play that can make investors some big $$s
INVESTORS SHOULD TAKE NOTE: LBSRE is currently under debt management restructuring to correct recent loan default – “ Liberty Star is engaged in discussions with certain capital partners (lenders) to provide new capital (lending facilities) sufficient to meet the demand of Secured Lenders. These new capital sources, if closed, would allow Liberty Star to restructure its balance sheet while continuing normal business operations.”
If LBSRE secures this new financing then the stock can really get moving – shorts will be scrambling to cover and buy back shares! This can create a big upswing in the stock price
Liberty Star Uranium & Metals Corp. (LBSR: OTCBB) is an Arizona-based mineral exploration company engaged in the acquisition and exploration of mineral properties in the states of Arizona, Alaska, and Sonora, Mexico. Currently the company controls  properties totaling approximately 160,000 acres (about 250 square miles) which are located over what management considers some of North America’s richest mineralized regions for uranium, copper, gold, silver and molybdenum (moly).

Through our wholly owned subsidiary, Big Chunk Corp., Liberty Star holds claims to the Big Chunk Super Project, covering approximately 177 square miles in southwestern Alaska, targeting copper, gold and molybdenum. Our nearby Bonanza Hills Project covers approximately 14 square miles in southwestern Alaska, targeting gold with by-product silver.

Liberty Star’s North Pipes Super Project comprises 1856 standard Federal lode mining claims covering over 38,000 acres in numerous blocks targeting breccia pipe hosted uranium deposits.  The breccia pipes are part of the large uranium bearing breccia pipe terrain which occurs on the Arizona Strip lying just south of the Utah border. Eight mines were brought into production during the 1970s and early 1980s on deposits discovered within the immediate area. The uranium bearing pipes which were mined are the second highest grade uranium mineral deposits in the world and the highest grade in the United States. Previously mined mineralization in these pipes has graded about 0.6% to 0.7% uranium or about 12 to 14 pounds per ton. In addition to uranium they are known to contain copper, zinc, silver, vanadium, cobalt, nickel, molybdenum, gallium, germanium and other metals. Past producers have recovered copper, silver and vanadium as by-products of uranium mining. Liberty Star has a joint venture agreement with XState Resources, Ltd. for exploring, developing, and mining some of these targets.

In April 2008 Liberty Star announced option to earn up to 100% ownership in historically mineral rich lands. Three separate properties, two for porphyry copper, gold & moly in southern Arizona, and one for Carlin style gold in north central Sonora, Mexico comprise  Liberty Star’s latest exploration projects.  All have elicited interest from mining savvy investors and potential joint venture partners.

Liberty Star Gold Corp. was founded in 2004 under the leadership of James A. Briscoe, a Registered Professional Geologist in California and Arizona.  In April 2007 the company’s name and OTCBB symbol were changed to Liberty Star Uranium & Metals Corp. (ticker LBSU) to better reflect the diversity of our properties. Currently Liberty Star Uranium trades as LBSR on the Over The Counter Bulletin Board.  For the current share price and stock structure navigate to the “Investors” tab.

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