Often irritated, never duplicated
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"it's a shame...this will be inevitably overlooked."
Au contraire, mon ami. I am thrilled that there is a segment of the market that ducks the radar of major analysts and allows average investors a chance to exert early leverage by their wits and grit.
I suspect it's only a matter of time before the relentless growth of processing and information feed allows the big boys to dominate micro-caps too, but we are currently in a window that allows ordinary joes access to the kind of info that was expensive or unavailable in recent decades. It seems amazing to me that I can now do my own research and trade so cheaply. I had a broker for 15 years and the service was a joke compared to what I've done since I started picking my own equities.
And now my biggest holding is LBSR. Might have to find a subtle way to let my old broker know about LBSR...in a few years...
=-)
Sense it? You can read it!
Big moves ahead. The Alaskan legislature gave the watchful a huge tip when they circumvented the independent study and reappropriated the funding into permitting and process, i.e. in-case-ya-haven't-noticed, the Iliamna Gold Rush is a Go. Environmentalists, better luck next time, but this is Alaska; go home and pick up your rebate check.
Now add some self-motivated M&A specialists in the form of MLV, who have been extremely busy in their first year, some heavy insider ownership via Briscoe and BOD, some pending 1.8-2K gold (and possibly much higher), a 30-year-record supply pinch for copper, and a DOI mandate to make the LBSR uranium claims a de facto 17% of domestic high-grade deposits. Toss on a few geophysical reports from a top-rank firm like Geotech or SRK. Shake well and stand clear...
This is the kind of leverage that would make Archimedes proud. I suspect it will make a lot of us (the brave ones anyway) rich. One life changer, coming up.
Understandable...
After all, they have averaged an ATM placement every two weeks for that year.
Correct...
Their record is first rate and clearly the various agents and partners brought impressive contacts with them to MLV, so we can assume that the long-term experience of the various parties contributes to the leverage this firm exerts.
That said, it looks better for the board to have the facts straight. Thanks to all who contribute to the impressive body of information available here.
I have read more on MLV...
...and you might want to do the same. Your statement that they have been around for a long time is factually incorrect, as evidenced by this quote from an earlier post. You are the moderator of this board, so it looks better if we get this straight.
"MLV is a relatively new full-service investment bank/broker-dealer in New York. We've been around for about a year" - Imaru Casanova.
I agree that they have an impressive track record, but that's not the same as being around for a long time.
"MLV... have been around for a very long time"
Might want to check that again. I distinctly recall reading that they are a very new firm.
"...the report is for making deals..."
Just the way a smart investor would want it. I'm sure there are already interested parties waiting anxiously to see the results.
Excellent Points Abound...
From the RDC Breakfast March 3, 2011: Global Growth, Mining, and the Pebble Project, by Cynthia Carroll, Chief Executive, Anglo American
"the United States of America, and the State of Alaska, has a world class ore body in its territory. An ore body, on state land designated for mining, whose development would bring billions of dollars of investment and help generate many hundreds, perhaps thousands of much-needed jobs for many decades. The USA – and the wider world – depend increasingly on the kinds of minerals that lie underground, north of the villages of Iliamna and Newhalen and west of Nondalton. Over the years, a permitting process has been built up which applies among the most rigorous environmental standards in the world. Your standards can ensure co-existence of a healthy mining operation, and a healthy Salmon fishery.
I also know that the Federal government has put more than a third of your state in to protected areas where development is unlikely ever to take place. On the other hand, the State of Alaska has received lands that Alaskans assume will be used to support your economy. Pebble is located on just such lands. We have been invited in to see whether we can develop those lands. We should be given the opportunity to prove we can do it right. "
http://www.akrdc.org/membership/events/breakfast/1011/carroll.html
"I have extreem amount of BOOTIE!"
Umm, that sounds a bit like saying "I have a large @$$"...(But I get the reference).
I was LIVID when A&P pulled their stunt, and also pretty PO'd when Briscoe rolled over and gave them the shares. At that time I only had a modest number of shares, perfectly acceptable risk given the percentage of the portfolio. It still made me sick to watch shares I bought over a dime sink into the red.
Since then I have continually reviewed the facts and taken note of the newer developments. The only sensible thing to do was buy more. A lot more. The price beatdown courtesy of the Lichtenstein dirtbags allowed more accumulation on my part, and I now sit pretty with a few too many shares to call it a safe position.
Every great investor I have read in the last 40 years was willing to take an outsized position in a well-researched company with immense leverage, usually a little-known small-cap driven by trends unleashing over time. My instincts were 90% good when I got back into the market for real in 2008. I trust those same instincts now looking at the forces behind LBSR. Time to make some real cash...
There is still political capital in bashing uranium.
Fukushima is still fresh in the public eye, and that event is certainly not over at the moment. The current economic outlook for uranium claims is not great, but necessity will dictate an eventual rise in the spot price. It might make more sense to focus on monetizing the other claims first and allow some time for uranium to recover. Sounds familiar...
Record Gold, Mach II Beckons...
No shortage of diverse backgrounds supporting the continued climb. The beauty is that by the time we have to worry about a gold bubble, the industrial metals will be flying. LBSR is a great play, and just how great remains to be seen. Might be dusting off some more cash.
http://seekingalpha.com/article/262081-precious-metals-breakout-just-the-beginning-of-a-huge-leg-up
http://finance.yahoo.com/blogs/breakout/gold-record-going-even-higher-john-roque-110641135.html
http://finance.yahoo.com/blogs/breakout/gold-rise-fear-love-trades-frank-holmes-141353513.html
http://finance.yahoo.com/blogs/breakout/eric-sprott-surfing-silver-higher-20110405-124426-911.html
"That amounts to 13%"
And it was 13% well spent if it saved the company from bankruptcy and kept the claims, plus erased the debt and provided operating capital.
One does occasionally get the impression that Briscoe could be happy kicking rocks and making amazing finds without pushing too hard on the business end. If that 13% of the potential was enough to get NAK on board and expose us to HDI and affiliates, bravo and well done.
That deal may well be the first domino in a chain reaction that allows shareholders to ride along as decades of Briscoe's work are monetized, all at a time when geopolitical trends are aligning to create record prices for precious and industrial metals, plus REE's.
This is why I bought more recently, and will do so again on the dips.
Nice to see the interests aligned...
MLV, BOD, and perhaps NAK as well, all having a vested interest in seeing the AK claims developed, MLV on board to establish valuation and market deals on all LBSR claims. We have great things in store for those who can see the long game. Also tidy profits for those who sell along the way, but it would be silly to settle for less than dollars IMO. Too many goodies await...
A few LBSR "research reports" are emerging...
Google search shows a few new links. None of it looks too scammy, nor too important. It just makes me aware that someone likely thinks a move is coming. I think so too...
http://www.pinkinvesting.com/company/info/LBSR/Liberty%20Star%20Uranium%20&%20Metals%20Corp.
Gold will not be retreating anytime soon...
"Earlier this year, Utah became the first state to recognize gold and silver coins as legal tender."
http://news.yahoo.com/s/dailycaller/20110617/pl_dailycaller/newadsencouragevoterstosupportgoldstandard
It's not really a stretch given geology...
http://en.wikipedia.org/wiki/Arizona_breccia_pipe_uranium_mineralization
"The same reference written by Dr. Karen Wenrich states, “Although these uranium grades are dwarfed by those of the Athabasca Basin unconformity deposits in Canada, it is significant that (1) the breccia pipe mining costs are significantly less for the Arizona deposits, and (2) these ore grades of 0.4-1% are as high or higher than any other global uranium-deposit type.""
So we are essentially trusting Briscoe to be able to ID a breccia pipe (or 347 of them) in an area known for this type of deposit. The economic feasibility of these claims was pretty much a given before large stockpiles of Soviet warheads were dumped on the market, effectively squelching the market for a few years. We saw a continuation of that when the economy took a dive in 2008. Spot prices had nearly doubled in less than a year before the Japan earthquake.
There is still commitment to build out into provincial China, India, across Brazil and Russia. Large industry wants to tap into the labor in those regions and power will be mandatory. Uranium has taken a few hits in recent years, but it will remain an economically important resource. The best evidence says Briscoe can locate quite a bit of it in those AZ claims.
"putting all my mining interests into AZ/AK..."
Hoping for a quick dip to .048 on my order. I'm STILL cursing Zecco for their idiot hold-up of my wired funds yesterday. Could have had shares almost 20 points below today's prices. Zecco is the pits.
VP noticed that also...
Hard to imagine a way that we got rid of it without a material event.
Fundamentals unchanged...
News pending, deposits waiting, BOD presenting. PPS dipping tempts me. Nothing like buying some cheapies while waiting for decades of Briscoe's work to bear fruit.
I'd love to buy more, but Zecco is fumbling my wire transfer. These idiots tell you wire transfer is the fastest way to fund the account, then send an email saying they can't accept it without bank letterhead or a copy of my bank account statement. Meanwhile I've paid for the transfer fee and tied up the funds in the process. Time to shop around for a better service.
Time to dust off the powder...
I have a good feeling about the upcoming news. My shares are back in the green after last week and I have renewed confidence in the LBSR story.
Wait for it...
Market Opens in Less Than 12 Hours...
One day closer to the SRK report.
"we need to be able to help others"
Amen, friend. I got involved in child sponsorship about eight years ago and my sponsor kid will need college money in a few years. I'm betting LBSR will help make that possible.
Compassion.com, if anyone is so inclined. Lots of need out there.
I'm willing to take an outsized position in LBSR...
When you look at the real info available, it's not a big risk. Of course there is some risk, but for those who have actually done the reading, this is a great play.
I hope you're right...
I also hope that we get a serious volume surge before crossing .10, as there are still plenty of warrants to be dumped as freebies should some Lichtenstein scumbags want to short-circuit our next big run.
Just keeping it real. I like a lot of the folks here who are trusting that things will come out for the best and betting big on LBSR. Long-term, it seems likely we'll go many multiples of current prices, but seeing .10 won't be long-term, IMO.
So all you pirates with a berthing full o' bullion, burn those pilfering swabs and blast us past .10 so we can maroon those scoundrels.
State Budgets are often supplanted with such items...
State, county and municipal budgets love to subsidize revenues with corporate infrastructure development commitments. It's part of the game, and PLP will build a lot of roads for the people of Alaska if (when) they get their permits. They'll also probably create some parks, fund some schools, and of course provide land lease revenues to the state, permitting fees, and yes, perhaps a direct nominal per-capita tax credit to bribe John Q., a la Exxon. Everyone remembers Valdez, but they all love the oil money tax rebate for every resident.
For better or worse, this is how things are done. Follow the money. Now that we all know that there is a pile of big wealth at Iliamna, nobody will just leave it there.
I have some free shares...
...of a little stock that was nothing and went 22,000% in a day before settling to a paltry 14,000% gain. It was because they secured 100M in financing based on their projects, which were also in minerals. I only discovered it via a tip from one of the more respected posters here.
The reason the gain was so incredible was because it was a distressed little nothing stock with nowhere to go but up, forgotten by the market, but with real developments quietly coalescing behind the scenes.
It is not inconceivable that a crazy and sudden increase in our valuation could occur, and it's more likely now than it has been before. Go MLV! Time to dress up Cinderella and take her out to meet the prince (like Prince Bandar!).
"there is no way I'm smarter than the professionals."
But the professionals depend on analysts, recommendations, coverage that just don't exist in this market. One true advantage of penny stocks is the lack of info that might determine true valuation. Once Wall Street knows everything, the chance to leverage on undervalued assets is lost. Right now we can bet on strong probability combined with record metals prices. One big report or JV confirmation and a lot of that leverage will be lost.
That's because Tradeking has exorbitant penny stock fees...
I imagine serious investors use a different service. Tradeking is highly rated, but I'm not a big fan.
"Why would anyone sell"
No idea, but the volume surged about 30% right before the dip down earlier. Obviously they found buyers, and it was some big chunks.
LBSR was among the most traded on OTCBB today
11th most traded with 623 trades.
http://www.otcmarkets.com/marketActivity/current-otc-market
Hybrids can have problems breeding...
"We are working diligently to increase our stock of the new strain in order to increase our production capacity."
It should be understood that the term "hybrid" refers to a bio-construct that may not be able to reproduce like either parent species. The company may need to perfect a gene therapy application in the fertilization process, meaning the eggs may only be viable once another technical challenge is solved. Making enough worms to test silk is one thing, but having enough to feed an industry is much different.
This news may indeed be a milestone in the development of the silkworm and its silk, but it could be a while before they can create a large colony, depending on the cost and difficulty of producing the hybrid. In short, there's a decent chance that you can't just expect a transgenic silkworm to complete metamorphosis, mate, and lay eggs that produce the same creature.
"The offspring of an interspecific cross are very often sterile; thus, hybrid sterility prevents the movement of genes from one species to the other, keeping both species distinct".
http://en.wikipedia.org/wiki/Hybrid_animals#Interspecific_hybrids
15M volume. Past 20M by 1:00 EST?
This is stomping. Our first payment to MLV will be money well spent. Millions in equity, finance leverage, incentives are coming on board. Didn't really doubt that we'd see this, plus a lot more, just cautious about things unseen.
Turns out some of the things unseen were of great benefit to us. What a difference a few days makes.
Looks like the word is getting out...
At this rate we'll blow past 10M volume in the first hour of trading. No complaints...
Can you feel it?
I don't think we'll lack news for a while...
Check out MVL's "In the Media" page.
http://www.mlvco.com/media.html
Doing a little reading on MLV...
This quote from their site could have been taken from several messages I have read here. Our best hopes are right in line with these top-rung dealmakers.
"From ancient times to modern civilizations, metals have always been tightly linked to progress and growth, but also to human culture and beliefs. We not only use metals to build a city, or manufacture electronics and car engines, but we use them to build precious items; items that are valuable to us simply because of the metals they are made of. The role of metals in today’s world is as important as ever, and the need for metals for all these different reasons, we believe, is only set to rise.
The growth of emerging world economies, primarily China and India, will not only lead to increased demand for copper, iron ore and other industrial and rare metals, but it will also bring about a rapidly expanding middle class, eager to invest their wealth in products, such as gold jewelry, that are culturally significant and representative of their social status. More importantly, this growing middle class will seek to protect and increase its wealth, and precious metals will be a natural investment vehicle. In addition, a global economy coming out of a strong recession, being fueled by governments via monetary easing that should ultimately lead to currency devaluation and inflation, is very supportive of investment in precious metals, both by individuals and central banks."
Say goodnight, Gracie.
And now it doesn't. Never mind.
Looked like I could buy at .0001
My quote shows this down 98%...
Anyone know anything?
A&P still made out famously...
150 million shares they don't deserve and HDI will be driving those shares high for them, as will we. Sounds like a lot of free bones for them being such filthy dogs.
A&P are the only potential bad news I can see right now, and I wouldn't be surprised to see them go to the window a few times on our way up. Anytime the action drops below 10M in volume, they could dump on shorts using only a small portion of their free shares to slide the PPS. I'm not at all sure they didn't do some of that already.
On the other hand, recent news may leave them inclined to hang on tight, and that locks up a significant portion of the float. I'm guessing the info MLV is distributing is falling on some mighty fancy desks, in some very tall buildings full of very wealthy people. Those people didn't get there by letting everything slide a few days before addressing correspondence. They likely move smartly and decisively when presented with a golden opportunity. To the swift go the spoils, et., al.
Show of hands; who thinks we end up on the TSX within a year?
All the recent data says T-minus now...
The contrarian sentiments make me revisit the data again and again, and the facts support a serious correction for a seriously undervalued equity. Believe me, I've looked long and hard for reasons to sell, reasons to think we might be deluded, misinformed, blinded by potential and putting rose-colored glasses over our rose-colored contacts. The price slide was dramatic, but I hadn't gone whole-hog on the way up, so I continually liquidated more 'safe' positions and added to my LBSR shares as the price slid. I originally bought a tiny holding appropriate for penny stocks in an IRA, so there was room to add on the way down.
But none of the real info was effectively refuted, just silly penny-stock fiascos like A&P and global news like Fukushima, which which although tragic, literally Earth-shaking, and sad on a human level, will not subvert concrete plans to build nukes and fuel them. The diversified and hugely promising claims of LBSR have been maintained and in some instances, drilled, the company has been kept current, and the only debt is in the form of JV arrangements.
So seeing this foundation as the launch pad for a big move is completely logical. The real trends strongly support a big upward correction in the PPS of LBSR.
I recall it as about 17% of US uranium claims...
Nearing 1/5 of any industry marks a dominant position.