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The reason for drop was the company had a loss...probably due to the rise in interest rates as they are very rate sensitive.
However.....
Robert Cauley the CEO and his team.are very skilled at moving their investments mix to hedge for this. Ultimately they will get thru this period.
Demand for homes Exceeds Supply and Mortgages will follow.
Imo
There is two ways to handle the misleading Graph that you were replied with showing ORC constantly going down in price.
Reality is this...This is a High Dividend Monthly PAYING Stock. So you have two options.
Some here Trade and get dividend. If you are a good trader then more power to you.
Other option is To Average down while collecting the dividend.
Both options will Make you Money. I did option two and I am VERY HAPPY with ORC. I have not traded the stock but have bought at lows if drop was significant.
This is a very well managed mREIT and you should be knowledgeable enough not to fall for Misleading Stock price charts that completely leave out the 12% Dividend
IMO
Your $.02 price Pre-reverse split would be $10 now.
:)
Great to increase your LBSR shares.
I wrote many opinions here on NAK...I keep coming back to original reason for why project was abandoned by I believe RIO or Another Huge corporation I cant remembername now.....at the time they stated it was the huge Investment in infrastructure needed just to get drilling started in an un forgiving climate and almost zero infrastructure to build on....I still believe NAK biggest problem is infrastructure and Climate (i mean extreme weather) than EPA. That's is just my opinion. But I do not follow or care for NAK.
By the way,... I completely 100% Oppose Blocking of an Project due to EPA interference based on fake environmental harm...most if not all mines based in USA are 100% safe or close to 100% safe.
Thank you for info.
I have not seen this before with the board of LBSR. They were issued warrants in lieu of salary. But unless someone knows more....I do not ever recall nearly 140,000 dollars or more of Direct open market purchases of stock and 50% higher warrants by the board using their own money!! It is not just the CEO Gross but now Another Board member
Let Me Repeat Two Points.
1) Neither CEO Gross or board member Pete Oheron have been Paid $1.00 in Actual Salary (If I am wrong correct me...)
2) They are Purchasing at Prices that are same or Higher than any Stockholder (are you Listening Former CEO Briscoe) can Buy. Some said they made a profit...what a Joke. Insiders Must report sales...They have not sold 1 share!.
I fully Support CEO Gross
His Interest are Aligned with the Shareholders and He is using his Own Household Money!
GO LBSR
Only 45 minutes in and more volume than all day yesterday
Newuser
I replied to first part about CEO almost 100,000 dollars in purchase of LBSR stock.
Regarding the second part of your post...I have to disagree....Monkeys are animals and are very intelligent....please do not demean the monkey's intelligence with this comparison :)
Wow!
CEO BUYS additional 40,000 shares from open buy on Market. And almost 26,000 warrants only exercise at $1.50.
To this day LBSR has not Paid CEO Gross $1 in salary!
It is his own or family money.
March 23 CEO Gross buys 17,000 shares,8000 warrants
March 25 CEO Gross buys 50,000 shares,25,000 warrants
It is his own Money. Not 1$ from LBSR.
I can see the Forest thru the trees clearly.
IMO only
I agree with both points
If you are talking Fraud as in Enron for example then certainly those Fraudulent Executive Thieves at Enron would get paid Millions by The company and spend let's say $200,000 as an example buying shares to Fool new investors to come in.
But with LBSR, The CEO was not Paid as far as I know, $1 in compensation, Instead CEO Gross is lending and buying outright his own Household money, (by no Means is Gross a Millionaire as far as I Know). This is his Own Family (I assume) money. The Only way he gets his money back is for LBSR to Succeed and therefore we all as shareholders succeed. There is no chance of Fraud for the reasons I stated.
Everyone can make their own minds.
IMO
Do you or anyone know if former CEO Briscoe used his own money to buy shares or warrants?
I know that JB has Warrants but did he actually buy shares? How much money?
And of Course you know who at Agorocom is trying to paint this as a "Coverup".... Roflol
The warrants alone have a exercise price of $1.6 which is 50 cents higher than now.
Almost $30,000 in cash of his Own Household Money, including warrants by the UNPAID 1 cent by LBSR AS OF YET CEO Brett Gross.
Definitely very good.
If there was a sign by the CEO that says do as I do then this would be the best a CEO can give without breaking SEC Rules.
IMO
Picture worth 1000 words as saying goes.
Thank you. If possible post the chart merged or if easier I will just wait till symbol reverts and look up broker chart.
Thank you again!
On a side note ....
I see the Flipper crew (On Agorocom) doing anything and everything to get in at lower levels even if using misleading tactics.....
My opinion...just 1 good or strong NR and everyone will be shocked fast this goes up...IMO ONLY!
Worthless in the eye of the beholder...
For a Geologist head at a mining partner this just confirms what we have ....you always find Copper and gold together.
So once again advice is Wait till a JV is announced and start chasing starting at who knows what then wait until drilling confirms and then buy at 50 dollars a share to start...
Good luck.
Gold as low as 0.5 ppm is economical to mine.
If parties interested in Copper, then that should stimulate even higher interest. These are double the economic concentrations. Gold becomes visible to eye at 30ppm.
Thanks.
That is good info.
No one is saying they have legal material they are withholding on purpose...I was thinking that maybe it is easier requires from a legal perspective that any significant issues be done in the official name stock symbol LBSR. It is just a guess but I am not a corporate lawyer...
Certainly the company is headed by a mining engineer and Lawyer and knows what it is doing than any of us here.
Just talking since it is so quiet here.
Meanwhile i guess those flippers who sold are now buying at higher prices.
That is called SuperGenius tm moves :)
Maybe Everyone including company is waiting for symbol to revert back to LBSR for paperwork purposes.... I calculated around march 17 if you count every day.
Another 9 million in shares sold in span of 3 days. Price did not budge.
Very good demand continues for ORC shares.
I will take only a Genius for 50 dollars Alex (may he rest in peace) :)
If or When drilling proves "REAL" discovery as you say then we would not be under 50 dollars.
But here is my Advice to people who want no risk like you...
Wait until Drilling confirms a "REAL" discovery and start buying at 50 dollars on way to 100 or more. ..
:)
In case anyone was not following...
As I mentioned 5 states (Florida, Mississippi, Texas, Montana and North Dakota ) have opened business 100% and removed COVID Restrictions.
This is resulting In a big shift from Nasdaq to Dow jones companies....Nasdaq nearly more or less 200 points down every day for last 2 weeks...
Price of Copper at 4.10 and oil now at 62.
The Economy and People are shifting to Real instead of a virtual economy...
Will see demand, international travel, and restrictions lift off.
All good for LBSRD
No sir. As far as Hay Mountain goes
As far as Rosemont, This argument of tribal lands has limited legs. It only went through because of this administration letting it pass thru....but President Obama did not approve of this argument and the courts will fight it out. It can and will be reversed if Administration is changed, by courts or even earlier if price of copper forces it again.
The mine is not on tribal lands and I'm sure Rosemont will work something out with the tribes. If it turns out to be a DELIBERATELY anti mine efforts the courts (I still have faith in most of them) will involve or a change in administration (we get a chance every 4 years or 2 years for house). As far as I know AZ has already many upset people about the Interference by antinmine groups while respecting native lands.
No worry, will work itself out.
Some are trying very hard to push a Narrative to affect LBSRD because they want to load up on flipping shares... I think it is obvious...some have admitted it on these boards
So actually it is possibly 3 to 5x more than my back of card estimate. I also assumed we get only 10% of the npv which itself is discounted for costs and taxes....
We are Missing the Exploratory Drilling to Verify the grades, amounts....
If anything remotely close then It would be Discovery of the century!
Texas opened up and removed all Mask Mandates on march 10 is relevant because it means life and businesses getting back to normal...will increase Copper demand.
As far as Rio in Arizona while this is setback for Rio Rosemont, it is not end....these policies affect the economy and the economy will bite back.
Nothing lasts forever and neither will the Interference in mining.
Even President Obama supported Rosemont.
Thanks.
Could it also mean tightly held security in addition?
Can anyone explain why difference of ask and bid being almost 20 cents?
Of course nothing Proven until drilling but if drilling verifies a bisbee type deposit as ZTEM indications show then it is 50 dollars or much much more....I just used the lowest worst deal prices I could find... we may have several bisbee for all we know or WE MAY HAVE WAY LESS
....
it is very risky and was just a Thought exercise at this point based on Huge assumptions which are not proven by drilling....yet
That is Risk!
Manage your risK!
IMO ONLY!
Ok. So a simple valuation...based on huge assumptions
Bisbee produced about 50 Billion at today's prices in minerals over 100 years. Let's discount it by 20% for 10% discount rate and 10% Risk factor rate. So now we are at 40 billion. Let's say this cost half to extract minerals...so 25 billion in Costs of extraction, mine building etc...so now we are at 15 billion. Let's say Taxes on extraction are 50% so now we are at roughly 7 Billion.
So by the evaluation above I have used the highest possible costs, highest taxes, lowest mineral prices and we are still at 7 billion.... let's now say we get only 10% of the value of the mine in a deal.... that is 700 million.
Now let's say exploratory drilling shows we have same as bisbee. That is 70 dollars per share.
Now
We may have more than Copper Queen or several Bisbee (8 square miles). Hay mountain is 45 square miles or more!
Of course NON OF THIS IS PROVEN Yet.....
But if it was, we would be at 50 dollar a share or more!
Give me any useful feedback based on actual evaluation based on real world scenarios. If course nothing is proven....yet. that's is called risk!
Above evaluation is just A HYPOTHETICAL (Unproven yet) Scenario. Hay mountain could have much less or much more!
Manage your risk!
This is IMO ONLY.
Same here.
It is still at 50% discount just from last week.
BISBEE is nearby....read about it.
Manage your risk!
IMO ONLY!
Nice Correlation exists between up days and posts on Agorocom
So LBSRD up ....Agorocom so far no new posts...
Thinks make you go hmmmm.....
Bisbee is our neighborhood
Think about that.
Manage your risk!
IMO
Thank you!!
LBSRD or LBSR in 20 days is a Fully reporting SEC Compliant OTC company and follows all rules.
It is run by an Experienced Mining Engineer and Lawyer familiar with all the SEC rules.
Despite that some are Trying very hard to raise doubts....
It costs much more to start on cheap than a proper drill program. Many have mentioned that here and on Agorocom
Easy to say that that.....they just need a check for couple of Million....you see it is easy :)
For those that sold....
Here are some stats for Nearby Bisbee mine to Hay Mountain to ponder....
Obviously Hay Mountain has no proven resources in the legal sense (ie drilling)
Only very strong indications by Geotech SRK ZTEM reports, plant micro chemistry and some surface outcrops all found on LBSR website...
DO YOUR DUE DILIGENCE...
DO NOT RELY ON ANYTHING I SAY AS FACT! just my opinion!
As for Bisbee "more than century of mining EIGHT (8) BILLION pounds of Copper, 102 Million ounces of Silver, 3 Million ounces gold, Millions of pounds of zinc, lead, and manganese"
Bisbee is the same neighborhood as Hay Mountain
Manage your Risk!
Thanks.
Although I believe in fundamentals of LBSRD and they have not changed. I find your charts helpful
Thanks.
I was asking about the LBSRD chart not the Dow Jones chart under the new "Adminstration"....
Kickedoffagain do your charts still work with the new share count and symbol. Can you post a chart where the resistance and trends are like you posted for LBSR or do you need a few weeks of trading with the new symbol.