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Re: None

Monday, 11/07/2011 11:12:43 PM

Monday, November 07, 2011 11:12:43 PM

Post# of 173237
Review the chain of events..

March - SRK hired specifically noted for Walnut Creek claims.
May - MLV hired
June - Renting of warehouse begins, long term contract
August - We start hearing of additions around Tombstone.
August - Larry promoted and working with MLV now.
Aug-Oct - SRK produces 3 technical comprehensive reports.
Oct - JB states wealth being unlocked, ZTEM coming shortly.
Oct - MLV contract terminated.
NOV - Hay Mountain geochemical program underway

So I ask: Does the hiring of MLV in the first place, a long-term rental of warehouse space, expending additional money on 3 comprehensive SRK technical reports, promoting LL, initiating a geochemical program and talking confidently of ZTEM shortly; does this sound like actions of a company that is or will be short on cash?

I must assume that the "tail" for 12 months is a given as that is only logical and fair in any contract between LBSR/MLV.

So, if JB has been confident in the cash since late spring or summer, and Hay Mountain has come to prominence then I am assuming a deal for this project is on the table. MLV may have been employed to structure a sequence of events/deals to bring this to fruition. 1st level financing provided by outside investors/Sage to conduct final prep/ZTEM analysis and set drill targets possibly even drilling monies. A partner or 2 may be waiting in the wings assuming positive indicators continue. This 2nd level may quickly prove out reserves, and bring a large scale mining operation to fruition quickly creating many jobs in that region.

This is one plausible scenario given the chain of events.
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