Liberty Star Uranium and Metals Corp (LBSR)

[Iceman]

10Q looks better than ever since I've owned this stock!

"During the three and six months ended July 31, 2014 we had a decrease of approximately $116,110 and $89,910, respectively, in geological and geophysical costs compared to the three months and six months ended July 31, 2013, due to a decrease in geochemical reports ordered by the Company. We had a decrease in public relations expenses of approximately $70,796 and $57,050 during the three and six months ended July 31, 2014, respectively, as compared to the three and six months ended July 31, 2013, due to reduced seminar and conference activity. We had a decrease in legal expenses of approximately $42,221 and $39,169 during the three and six months ended July 31, 2014, respectively, as compared to the three and six months ended July 31, 2013, due primarily to the costs associated with defending a lien claim by a former associate during the three and six months ended July 31, 2013. We incurred a non-cash loss on the change in fair value of our derivative liabilities of $11,719 and a gain of $262,912 during the three and six months ended July 31, 2014, respectively, as compared to a loss of $16,669 and $19,222 during the three and six months ended July 31, 2013, respectively, due to the embedded conversion features in our debt instruments that require us to record our equity linked instruments including outstanding warrants and fixed rate convertible debt at fair value during the three and six months ended July 31, 2014."

I guess that's why WE all have opinions!!



ICE