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As one poster said they r for Super Genius investors and only they would understand why the Super Genius Geologist named them that way, and btw easy to stay in biz when using shareholders equity to pay the bills, hence blown out share structure before, Super blown out structure now, many marginal projects that couldn't get funding have did the honorable thing and shutdown and went into hiatus rather than bleed sharholders thru dilution share sales
Plenty of people would, read this and other boards, 60 million of accumulated deficit and many say just give him 10 million more, the vote to increase the OS count wont b close when the numbers r released, as I told the other poster who said nonsense to my claim it's outcome was guaranteed, as the alcoholic says just one more drink and I'll quit, JB says just 10 more million and I'll make it work, well he has his stay in business funding let's see what he'll do with it
So the point u r making is that no one has ever taken a short position on LBSR In it's history of trading on an exchange?
And I repeat no one ever suggested shorting a sub sub penny stock, this stock has been failing for years, over a decade according to one poster, plenty of time to short b4 sub penny, as I said b4 make it up as u go, forget about the past
Why have a short term outlook when it's convenient to try and discredit a critic, however most mining stocks began this current deline after the 2007-2008 runup, with a snap back rally in 2010, but the decline continues to this day, plenty of time for the wise to short LBSR and others, but I forget amnesia is alive and well here, probably a precursor to the AGM, forget about never producing anything,forget this stock was a lot higher, we have this hot new prospect ready to mine next year, REALLY
News Flash! it's the politicians fault for poor investment decisions, I would bet the Super Genius investors who shorted copper or lbsr have a different opinion or could it be that Super Genius investors have figured out they can make $$$ on either side of the trade and don't fall in love with one salesmans story or stock, selling a position when it goes against u not only perserves capital, it gives u the opportunity to go short or chose another investment, no excuses
Here's something I learned about penny stocks specifically mining stocks that could b of use, they r like matches, they can burn very bright, but if you hold them to long they will burn you, that's pretty much what has happened here to many and it happens all across penny land, a good story is just that a good story, the best story is the one that makes u money, the two r often confused by would b investors
You paint a very hopeful picture of things to come and for that I give you credit for your enthusiasm, just hope you r just as enthusiastic after the AGM, this stock has chewed up and spit out many investors money, hope u r the exception not the rule, but I would have a plan b, c and d, but if u r in it for a trade rather than a long term investment u may get lucky timing IS everything
Heavy work gear, sensitive and expensive technical eqiupment, maybe drilling equipment? Could it be Redwall drilling equipment? Prudent speculation on my part I think, but maybe someone will put it to rest, did he liquidate Redwall or was it closed, if just closed, he still may have the equipment, maybe it's stored in a warehouse somewhere? Could it be in Az? now read PR again could the equipment he is describing drilling equipment? could be imo
Pure entertainment, and stockholders psychological motives, tendencies, you can learn a lot, last but not least lessons learned from JB, worth sticking around for
Thank you, same here
Btw my guess Is the hi-tech warehouse is used to store equipment from his now defunct drilling company, don't forget he signed a contract with himself to pay himself for one of his companies to provide drilling services for the other. So now Lbsr or shareholders are paying 3k a month to store equipment for HIS companies equipment not shareholders property, probably why u need to sign a NDA to see inside, just a guess but makes sense to me
Possibly, but I need more info than provided before I risk my money, and btw the word risk is not whats going on here, it's gambling, JB has not released enough info for it to b called risk, apparently only those who sign a NDA can take a risk and so far none have, the information released to the avg investor is promotional mostly, with a sprinkling of technical to entice avg investors, look for the pivot to new projects after the AGM, that's how it works, I mentioned this would happen quite some time ago, lots of fanfare very little in hard details as usual, just right for the 10 bagger bud fox crowd.
I agree, everyone should be able to post to an opinion on LBSR without the threats, insults and bullying attempted by some, time will prove who is right or wrong, however after no success to date in the entire history of the company seems the naysayers have the upper hand, and since I am here I will lower the bar for success, just produce one compliant resource report, just one, is that to much to ask? But they Can't. No money for drilling, so I guess we r back to square one, more hype and promotion
No need, I am familiar with how the corporate world works which superceeds everything else, I understand worker bees r confused by it all, last comment on this subject its a done deal, hope u will acknowlegde when it turns out I am right but I doubt u will, remember I have been pretty much batting 1000% since I came on board, the only thing left is the R/S
SEC requires it is put to an "official" vote, but any CEO worth anything does an unofficial tally, trust me has communicated "unofficially" with major shareholders, it's all legal and above board, it's a done deal as I said 100% guaranteed
It's a done deal no suspense, share count will increase, once they finished the internal count and was assured passage the date of the meeting was set
All in preparation for the 100 billion dollar Hay Mt grand opening I guess, the more you read the funnier it gets, oh I forgot that's on the back burner now
Quote:
no certainty that LBSR is destined to fail:
By every corporate yardstick LBSR has been a total failure, except maybe one, they have not padlocked the doors yet, the blown out share structure tells the true story, and after the AGM it only gets worst, if losing almost 99% of your investors equity is not a tremendous failure, I do not what qualifies, however, the better question to ask, since the doors are not closed, is whether LBSR will rise again like the "Phoenix" out of these ashes and prosper, and to answer that question I need a crystal ball, and mine broke years ago
Tried to tell that story, of course longs here do not want to hear the truth, in the 2010 run for ALL mining stocks, you could almost throw a dart and had success, since the PR nentioning that run doesn't paint the entire picture as usual, so down goes another straw man
You deserve to rant, and I am sure you are branded a traitor, however JB hasn't produced anything but heartache for shareholders, so you are entitled to give him some of his bitter medicine, because whether true believers accept it, LBSR does read these boards, this one in particular
Not sure, but one thing I do know is that JB will not disappoint
Should be an exciting time for longs, NPSDP, HMSDP, new prospects, 5 billion new shares for JB and Tangiers to sell, loan from director, can't wait should be a pretty heady day, bashers beware, the accumulation for the next leg up has already begun, just like the circus their will be something for every one
Yearly burn rate just over a million
With a burn rate of over million pays for about 10 days expenses
I understand that with all the pessimism, gloom and negativity surrounding this company, longs are looking for anything to hang their hats on, so take it and run with it, however a loan by definition is a covenant, which are conditions set forth for the return of capital with conditions, which this is, loans by insiders are made for many reasons, one in particular is to preserve capital previously invested, how would I know this? Because I have loaned my company $$$, and btw with the only deal to get it back is when the company could afford it and also to insure the continued viability of the company with the "hope" I made a prudent further investment, but I wouldn't make a mountain from a mole hill out of it, and btw the gloom existed before I came but has just accelerated since, so run with it, no further comments from me, because its no big deal, pun intended
an open market stock purchase would have been something for longs to crow about, but a loan with covenants that assures he gets his money back is a big nothing, as someone once said, if that's all you've got, you've got nothing, I've bought many stocks following insiders with open market purchases, which btw is no guarantee, but on a loan, your desperate
And it didn't take a Super Genius to figure that out, pretty straightforward for a well grounded investor, and thanks for grounding the plane before it takes off for a return flight to fantasyland
Back and forth is interesting, sounds like it would take a top notch legal firm to litigate If there's anything to litigate and cost a small fortune, which lbsr doesn't have, Mueller hasn't either, so we are back to square one, it won't happen
I think Jb knows this, I think in one of the filings maybe the same one LBSR admits no work will be done until the moratorium is lifted, and btw LBSR seems to care because they seem to keep the prospects alive from a marketing perspective to shareholders even though it seems not to be a chance from the legal and financial perspective, which is what troubles me with this company
But as of last month Genesis doesn't have a valid operating license, it was revoked, but that's besides the point I guess, as long as Lbsr says the deal is still alive I guess it is, this is JB's dream so he's allowed to say anything
I think he is almost forced to, if he puts Hay on the back burner he will lose even the most ardent supporters, which is starting to happen even on the other board, however he's already made a deal with Tangiers to sell the remaining present stockholders equity so who knows.
Correction the legal side
JB appears to be walking a fine line here, with the help of a few posters, it was clear to me the NPSDP was not likely from the marketing side, and u have established it's not possible from the technical either, and JB surely knows this since he's this great geologist so just what have he been selling shareholders?
And btw after the special AGM the hype will intensify for the new projects, as Hay Mt, the billion dollar dream begins to fade to the background, why? Because Lbsr has gotten all out it that it could, because officially there are no pounds in the ground, only hype above it, it's time to move on to the next one
Glad to see many who said I was nothing but a basher and put me on ignore are coming around and seeing what I saw after watching this stock for quite some time, the hype and PR's over the past few years have been shameless, and without any substance
Vote yes to keep this circus act alive, what's another dollar when shareholders have lost 99 out of 100 already, at least it'll keep JB cooking up new dreams for the faithful and give ammo to the faithless, it's a win, win for everyone.
The new prospective properties should provide years of NR's filled with non-sense just like Hay and NPSDP provided over the last few years, by all means please vote yes, I am thinking about submitting a made for TV movie script about LBSR, this stock needs wider exposure to teach all investors the pit falls encountered when investing in would be mining stocks or make believe would be mining stocks anyways
LOL, technical indicators don't work for thinly traded penny stocks, they r to easily manipulated, that's a fact, not a fantasy, do your own DD on the subject, I have, that's why the lol
I applaud some who have come to the realization that they took a gamble and probably lost, however some insist its a conspiracy by bashers, boiler rooms and others to crush this stock for whatever reasons they can come up with, when it's real simple, JB has hyped projects that have very little chance of being developed even in the best of times and just resorted to a carnival barking atmosphere to keep HIS dream alive at the expense of shareholders, as I said before NPSDP and Hay Mt should have been mothballed years ago, which btw he is finally doing now, forced by reality and the blown out share structure