Just got this through an alert. Just sharing for what it's worth. Apparently we're getting noticed again.
Liberty Star Uranium & Metals Corp. (OTCMKTS:LBSR) Hot Stock in Focus BY JEFF ADAMS / ON NOVEMBER 20, 2014 AT 1:06 PM /
Liberty Star Uranium & Metals Corp. (OTCMKTS:LBSR) has been moving in a bearish trend since start of the year ,2014, After January LBSR facing a steep downward trend till now with little peaks formed in July and February, 2014.
The share price saw it’s highest of $0.03 while its lowest was $0.01 in last one year. The stock maintains good liquidity with average volume of 2 million shares per day.
Liberty Star Uranium & Metals Corp. (OTCMKTS:LBSR) stock was promoted heavily back in July ,2014 by several promoters including ‘Penny Stock Finder Inc.’,’ Stock Commander’ and ‘BeaconEquity.com’. They were paid no compensation for doing all this effort. LBSR’s move from $0.013 to $0.019 definitely counts as a rally, and average day-to-day opportunity has averaged above 6%
Liberty Star Uranium & Metals Corp. (OTCMKTS:LBSR) is an exploration-stage company engaged in the acquisition and exploration of mineral properties in the States of Arizona and Alaska. Claims in the State of Alaska are held in the name of its wholly-owned subsidiary, Big Chunk Corp. Claims in the State of Arizona are held in the name of Liberty Star. The Company’s projects include North Pipes Super Project (North Pipes and NPSP); Big Chunk Super Project (Big Chunk); Bonanza Hills Project (Bonanza Hills); Tombstone Super Project (Tombstone), and East Silver Bell Porphyry Copper Project (East Silver Bell).
Liberty Star Uranium & Metals Corp. (OTCMKTS:LBSR) is pleased to announce progress on various matters:
1. The Company has filed Articles of Organization with the Arizona Corporation Commission forming a wholly owned subsidiary named Hay Mountain Super Project LLC (“HMSP LLC” or the “Subsidiary”). The new Subsidiary is to manage Liberty Star’s premiere multi-target exploration property, the Hay Mountain Project, in southeast Arizona’s historic Tombstone mining district (Cochise County) for porphyry copper, gold, moly, silver, REEs and other associated metals. HMSP LLC will serve as the primary holding company for development of the potential ore bodies encompassed in the Hay Mountain area of interest covering some 42 square miles as identified by the extensive geological, geochemical and geophysical work, including ZTEM, performed to date. This is the first step toward establishing a corporate structure that will maximize operational and tax efficiencies, and enable the transfer of profits to Liberty Star Uranium & Metals Corp. where tax loss carry forwards can be used against positive cash flow, if any, from previous exploration expenses, while at the same time preserve the flexibility to engage joint enterprise investors in the independent development of multiple Hay Mountain targets as drilling verifies their candidacy as potential economically viable mining operations. Funding and management of the Hay Mountain Project and other Liberty Star surface studied and/or claimed lands totaling 42 square miles in the area will be administered through the Subsidiary.
Comments Jim Briscoe, Liberty Star’s CEO and Chief Geologist: “This progress toward assembling the corporate machinery forming the basis for attracting and engaging qualified joint enterprise investors to participate in developing the potentially extraordinary mineral content of the Hay Mountain properties, as documented in prior Liberty Star press releases, is a milestone event in Liberty Star’s growth. I am pleased and excited with our establishing this threshold into the next phase of revealing Hay Mountain’s potential as a world class mining district.”
2. Liberty Star announces that the Company’s CEO/Chief Geologist Jim Briscoe and Director (mining engineer-attorney) Brett Gross will host a three day visit including a two day site visit to the Hay Mountain Project area for a potential funder from the Arabian Peninsula who has signed a non-disclosure agreement. This trip is tentatively planned before Thanksgiving, dependent only on US entry visa and travel arrangements. Accompanying the two parties will be an independent geologist/porphyry copper expert hired by the guest as well as an arms- length Registered Professional Geologist (RPG) who is experienced in a particular (classic) porphyry copper skarn deposit in the SW USA, participated in intensive postgraduate study of porphyry copper skarn deposits and has used vegetation geochemistry like that used by Liberty Star at Hay Mountain (and supervised by our Technical Board Member – and Geochemist, Shea Clark Smith) and is familiar with distal halos of the Hay Mountain type skarn mineralization. In addition to the Hay Mountain Project area, the visit will include ASARCO’s Mission Mine and the Bisbee mining district, both of which are corollaries to Hay Mountain (exposed rather than covered). The tour will also include two other similar porphyry copper drilling projects and one small porphyry copper production facility with exploration potential. During the trip in this mineral rich area there will also be viewings of dormant porphyry copper, gold and silver mines, including Tombstone itself. These sites, all within a 60 mile radius of the Hay Mountain Project, will demonstrate and solidify the similarity of other large porphyry copper operations to the as yet undrilled Hay Mountain which lies hidden beneath shallow cover. The trip will take two days and a 3rd day is reserved for a second review of the technical details of the Hay Mountain data, and discussion of Joint Venture parameters.
3. The final Archaeological Assessment document has been finished by the Company’s contractor Antigua Archaeology LLC, and was submitted to the Arizona State Land Department (ASLD) for their final approval on November 5, 2014. No significant archaeological material was found and the report recommends approval of our proposal as written. According to the ASLD, response time is dependent on the length of the queue but should take place in 30 to 90 days. This is the final step in the long approval process. When ASLD final approval is received, Liberty Star is ready to drill as soon as funding is in place.
Liberty Star Uranium & Metals Corp. (OTCMKTS:LBSR) is a typical development stage company with $0.06million cash and total assets of $0.15 million. The company has total liabilities of $6.31 million resulting in negative equity. LBSR trading in green and continues to trade in impressive volume, however does not seem to be moving anywhere close to its earlier position in the near future.
Considering the fundamentals its market capitalization of $17.01million is clearly overstated.
