Very intrinsic statement. From my view i will play news early but rate the value of the news. Please note i've been eyes on LBSR since 2004 actually 2001 but perhaps nobody could believe that i could be that patient or couldnt percieve any logic in that kind of an exercise. Justifying my pos in LBSR is that only IMO and only for my benifit, is that i obviously think i see stupendous future for LBSR, the only ouch factor i have had has been the A&P debacle, which i hate to mention. I will admit that at worst we should of got a 55%/45% with HDI/NAK, what i am saying is i didnt identify the 60X40 as a RED FLAG (pointed out that JB had little wiggle room, agin IMO) and only for my reasons. I got this from VP over there in SANEVILLE. INFO originated from mineweb: Pierre Lassonde is one of the ‘superstars’ of the resource sector. On the phone from his home in the South of France, he shared what he feels are some of his most valuable insights on investing.
I really like this part.
Mr. Lassonde says timing isn’t nearly as important as recognizing great business models – like Franco-Nevada or NewGold — and being patient. Saying the same thin as the late J.Livermore and that what i see in LBSR. Of note i would say J.L. was likely the GREATEST CHARTIST that ever lived. His handel is the Greatest Trader that ever lived. He traded on a formula that he invented for hiself akin to charting moves, perhaps diverges from actual charting but what can you do in a day when all you have is the telegraph. He became a Billionare 2 or possibly 3 times over in his lifetime even thru the Depression! In closing my thoughts I very strongly would say these guys are worth listening to as our mentors.
