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You shouldn't mention that, SOME loyalist consider that to b a hateful and mean spirited attack against JB and LBSR, only happy fairy tale post are welcome, for instance, we r going to drill this baby with a revolutionary mining technique in a year and get those royalties coming in by summer would b acceptable , oh I forgot, summer is almost over and the claims have been dropped, I guess Mueller never saw fit
Can't speak for others, but not me, this is purely entertainment and lessons in investor psychology, came here looking for a diamond in the ruff, and just hung around, love to b proven wrong, but not yet in the 2 years I've been here, actually the prospects have gotten much worst, it was around .02cts when I came, down about 85% since, but who knows, at least JB has cut the monthly BS NR'S down to once a quarter, so that's some improvement I guess
Looking at the share price, very few do, however hope Springs eternal, or at least until the next NR
Let's not have amnesia when it's convenient, the great run that so many here like to brag about in 2010 occurred under the same progressive administration many blame for the situation LBSR finds itself in today, even the PR department hails it as proof that LBSR is a stock with great potential, can't have it both ways, not supporting an adminstration , just keeping it reality based here, amnesia is bad for the wallet.
Not talking about your post which in my opinion opened up many eyes on the technical side, but just generally posters calling this a scam or a fraud, as I said before, legal yes, but ethical is another question, especially from such a knowledgeable geologist with over 40 years in the business who knows better
I call it the "The Vancouver mining hustle " all perfectly legal, so no claims of fraudulent behavior or any type of scam, however ethical is up for discussion, mining claims with ZERO chance of becoming an actual mine, grossly overstated potential, questionable promotion, let's just say Johnny Cash song "I walk the line"fits.
Well let see, how many types of artist are there? Lol
It's like throwing darts at a wall, hoping soon or later something might stick
Don't know whether claims have been dropped, but it was obvious the NPSDP deal had no chance except for those with the most rose colored glasses, that's why I added the DREAM moniker to the name, Puff! Down goes another straw man investment project of JB's
Sums what I have been saying pretty much
I am sure there's a trace of Copper all over the planet including Hay Mt, but the question is whether or not it's an economic deposit, and that will take years to prove even if drilling started tomorrow, can we all say bankable feasibility study together
I agree, they will b paid, some maybe dropped, that's normal, if I was long I wouldn't b concerned at all
Like all other payments isn't there a grace period? I am a big critic but I don't see this as a big problem or am I missing something?
Agreed, but some would say they all do it to some degree, which again is true, however the misleading get the crowd excited tactics r straight out of the Vancouver playbook, and BTW, not do only have a problem with LBSR'S tactics but with 95% of other mining stocks, I just happened to have landed here
I am one of the biggest critics on this board, however I don't think it's a scam, it had a chance in AK but since has become a lifestyle stock in my opinion , and BTW all who look to 2010 as hope for LBSR, we'll anyone could have thrown a dart at any mining stock then and made money if u bought and sold like many did, pull up a few charts of any mining stock nd u will see
But I understand the game, that's why he threw up so many possibilities, it could be this one or that one or any of the above, just invest your money and I'll come up with something to mine, and I can do it rapidly, so when one doesn't pan out, guess what? He still has 9 more to prospect, should take a few years to sort through them all, but in the mean time its business as usual, ie dilution, 5 billion shares to play with, wonderful plan JB, u have out done yourself
The hardest metal to get out of the ground politically and enviromentally is URANIUM bar none, and this is a new direction? No way in the world can u find a deposit of uranium existing or not, permit it, and mine it in 1 year or 2 or 5 for that matter, JB knows better, and BTW not trying to discourage anyone just being realistic which is more than I can say for JB, unbelievable
All JB has to say that he's going to do it, and that's all that matters, even if the facts points to the contrary, it's a cult thing u wouldn't understand
I agree with u, almost anything can b legally challenged, what the hey it's shareholders money anyways, it will make for great theater, give hope to the faithful, and if it could b overturned why don't the directors loan the company money to get the ball rolling instead of expenses for 3 weeks of operations, I am sure LBSR could use the money if successful
A lot of the promotional tactics used by LBSR comes close to the line, however do not crossover imo, it's allowed, and up to the investor to know when he/she r being sold a marketing plan or a plan to mine, which comes usually with hard data, which is pretty much secret here, which should b a red flag, on one hand the competition for the mining investment dollar is so cutthroat no wonder LBSR is suffering, but on the other hand LBSR's info is confidential and secret, u can't have it both ways, if u have something worthwhile developing, I would b showing everyone everything in hopes of attracting those scarce investment dollars
Many honest people based their investment on PR's from JB, I tend to blame the carnival barker who invites everyone into the tent promising something special, not those who attend, after all he knew what would b inside before he setup the show
If true it speaks volumes, I also think for the average investor this is a personality driven investment, which is ok, if that's your cup of tea, however some want hard facts and data which is pretty much standard in the investment world.
As I posted before, after the increase in shares it would be a big pivot to new projects much to the criticism of few posters, can't take much credit though Banks spelled It out quite a while ago, this is text book Vancouver style , when the rabbit you pulled out of your hat dies you pull out another or ten, and tell the faithful it's a different kind of rabbit this time, just wait and see, masterful circus performance in my opinion, but wait its a sub penny stock so never mind not so masterful after all
What possibly can go wrong? How about losing 95% of your money AGAIN, trying to catch a falling knife
Very true, it would be great if LBSR had some proven reserves of anything in the ground
LOL, magnificent play on words, but sadly the truth
But when things like that r posted it becomes clear why people lose 95% of their investment, but insist the sun will come out tomorrow, but the glimmer of light they see is actually the next LBSR dilution freight train coming.
Right u r, the dollar volume shows no sign of accumulation by anyone of significance, 800 million shares that have changed hands only equals 1.6 million at .002, if someone is accumulating they or whomever needs to step up their plans big-time
I fondly remember the LBSR booster from the other board posting furiously how Gold was headed to 5k and how it would take stocks like LBSR with it to new highs, looks like $500 is more probable than 5k, and btw it's has taken metal and mining stocks with it, but in the wrong direction
A Super Genius investor knows how to adjust their portfolio investments according to whose in office, a non Super Genius investor complains "its the politicians fault" I am losing $$$, these have been the best years for stock market investors in years, but if u r losing just blame the politicos, those Super Genius investors who adjusted out of metals and mining have done quite well, those who r dreaming of a repeat of 2010 r well, still dreaming
Can't say u weren't warned, but some will still consider this to b the 1 in 1000 stock to beat the odds, but I think some casino games and lottery tickets have better odds
Sure plenty of investors here have did that and watched their investment go to nearly zero, a few still post here I believe, and collectively millions have been bet on LBSR only to watch that go to nearly zero, when a stock plummets to nearly zero, its not just numbers, that's money being lost
Very wise post, that's all it ever was and all it will b Is a trade, nothing more and nothing less, getting emotionally involved in a stock is a mistake, this is JB's dream period
I didnt think I was the only one to find the comparison hilarious
Really? no NPSDP deal? Well u must b a Super Genius investor to have figured that out, or maybe Mueller has not saw fit yet, but as some posters said the deal should have been consumated by now and those royalties should have been rolling in by now, and made LBSR a cut above all other sub penny stocks remember?
although I have been very critical of JB and LBSR and will probably continue to be, but never individual shareholders, at this point seems like the best decision to me, and one thing for sure no one knows is the future, so best of luck to u, very few will acknowledge what u have, most just attack and attempt to discredit which is normal
You absolutely 100% nailed it, imo of course, as I said in previous posts, all projects would go on the back burner, and LBSR would unveil new prospects to keep the share selling machine alive to new potential share buyers since the the increase in the AS will effectively wipe out current holders equity stake way before the 6.25 billion limit is reached
Why not? Listening to the Super Genius Geologist has cost most around here 95% of their equity, so why not try IHub how much worst could it be?
There is only one way to fix a blown out share structure, and JB didn't rule it out. He ruled it in, read the PR, his words not mine, posted a few times, as he said when its necessary, he will do it, I think it was around feb 2015