Often irritated, never duplicated
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Many thanks- You Da King...
A well-publicized precedent case, replete with a spanking to the offending parties, should be all they need. I'm sure PLP can afford a few good lawyers to frame the case as such.
It will be one hell of a curveball if they deny the permitting. Might be able scoop up some lower prices between then and the inevitable appeal, should such an apparently unlikely event occur. Not holding my breath, but I will hold some powder.
Again, thank you. You reply is right on point.
Invitation to discuss the pending court decision...
I have read much in the last year or so that I've been aware of LBSR. I want to be sure that some of the info I have seen rings true with others here who have researched for DD purposes. Much of my research time was spent convalescing from an injury and subsequent surgery, so I was sometimes drugged, sleepless, etc. Also, some info is much easier to cross reference than others.
1) To start with, the State of Alaska set aside the Iliamna public lands in 1988, for the purpose of prospective minerals development, correct?
2) The current suit against PLP expressly asks the State of Alaska to find that the development of these claims is unconstitutional? Anyone have insight on the subtleties therein, what we might expect, etc?
3) Is there also an indigenous party suit attached? Does anyone know if this guarantees a state or federal appeal should it be the case?
4) I know Cameco got stuffed in their Canadian efforts, and the Unocal fiasco also comes to mind, but does anyone have any specific examples of Alaskan interests denying large-cap corporate development this far into the game? I'm not talking about juniors like LBSR or even small-caps, but serious, deep-pocket, global contenders.
It seems that Alaska has seen this coming on the state management level for over two decades. They allowed HDI to form an entire company and prove out a record-setting deposit. Opposition was a given, but you have to wonder if the court battle is really just the time-tested method that locals use to make sure the corporate interests are committed to spending X amount on local projects, i.e. supplanting budgets with outside influx. Once there is enough to go around, big money walks away the winner in the vast majority of cases. In this case, the enough-to-go-around part just keeps growing.
I really have to think that companies like RIO and AAL have done their homework. I would be very surprised if half the Alaskan congress hadn't been visited by someone from PLP and their backers, along with the customary letters and calls (maybe a fruit basket or tickets to a retreat). They don't spend the kind of money it takes to do the proving in the field without a head count of who's already in the game when we get to the finish line. Things can happen, elections reshuffle the deck periodically, but they know this and likely fund mining-friendly candidates. "In the midst of difficulty lies opportunity" said a rather smart fellow long ago.
So my take is, it gets A) Permitted, B) Denied, appealed, and permitted, or C) Some face-saving, back-room version of B).
(Maybe my first question should have been "How many judges can you buy for a trillion dollars?")
Pucker up, we got sour grapes
Yes, I know some have been exuberant, overconfident, etc. If it caused you to buy and you regret it now, I'd get right to work blaming whoever it was that signed in to your account and purchased LBSR.
I wish I would have waited to buy some of mine at lower prices, and I do think the A&P fiasco was planned and executed with dastardly disregard for honest shareholders. The thing is, I didn't have to buy and I can sell anytime. I bet that applies to everyone externalizing their own mistakes here.
I still want to own these shares, and am confident that they will far exceed the current average, which is plenty higher than some here. I'll buy more given the right opportunity.
Gracias...
As a rule I don't buy hype, but the mojo was clearly there. Funny thing is there was no level 2 available on them that day. I'm still researching RM shell plays. They seem to be the biggest quick gains in the market.
I think LBSR will have their day. Vollmer has quite a rep, and it's hard to imagine he signed on without a clear picture of how he would turn it into a success story. Ditto for NAK. Someone with much better info than myself sees a future here.
Doesn't matter, I'm out.
It was a quick strike and I only risked a little, but it doubled in less than an hour and I dumped it. Those kind of gains are crazy, and you have to know it would fall fast. Still, EOD it was up 14,000% from close.
Line 9 shows 0 shares, Line 11, 0%
We are to take this as meaning that Mitsubishi has divested all shares?
Correct...
The (non)effect of the moratorium is well covered here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59179480
"9 friggin months ago"
I could easily see a deal of this magnitude (or the North Pipes project) taking a year or more to iron out details. I'd much rather see the real deal than the quick deal. A quick deal is how we ended up with Alpha and Platinum as plaintiffs. Let Vollmer grease the skids and Liang/Othon chase down the details. This can be a deal for the ages, but it needs to be done right the first time. I wouldn't hold shares if I didn't think we could get there from here.
Page 7 says...
"Porphyries commonly found in clusters"
Can you say Ka-Ching?
Many thanks...
I have a lot to learn and typically invest in other sectors, particularly now when recovery is driving commodities. That said, biotechs can have spectacular runs. Several of my online investment friends were in DNDN.
Newbie here. Be kind...
Stumbled across ILNS, like the story on the surface, notice some chatter about restructure, etc. Targeted sectors and a broader IP stable seems to improve the odds in biotech, but the odds are still long.
Anyone familiar with ILNS? I'd consider any opinions, and I appreciate any response. Here are some links regarding the company. The video (upper left) is interesting, very specific and informative, at least to my layman's perspective. Float looks a bit heavy, but they apparently have the connections going to partner these patented therapies in trial. Might be worth a look.
http://www.ibtimes.com/articles/68866/20101005/intellect-neurosciences-inc-ilns-ob-receives-key-patents-related-to-ongoing-alzheimersolutions.htm
http://www.intellectns.com/
"60 engineers"
I saw the other posts regarding environmental engineers. I might add that of course civil engineers will be needed, and industrial and process engineers as well. Between the companies working on the caldera and the complexity of pre-feasibility , I could easily see roles for dozens of engineers of various stripes.
BTW, a few years ago I worked for one of the largest engineering firms in the world and we employed a lot of environmental engineers. Their work was vital for establishing existing standards previous to site development for water, soil, etc. They also did long-term recon work to establish baseline figures for ongoing testing in decommissioned facilities. Most of our work (local branch) involved railways, roads and bridges, but the EE's were always trucking off the old refineries and petro-storage, testing ground water, etc.
Dotting the i's, crossing the t's will be necessary to get the project approved and running. Let's hope the engineers on site are taking all necessary steps to bring us to the finish line.
Vollmer didn't land here by accident...
After further reading, I see Mr. Vollmer as a guy with the contacts and insight to properly pitch these projects to the deep pocket players on his contacts list. I can't imagine him agreeing to sit on the board of a checkered penny stock company without having a vision for how to make it pay handsomely while keeping his considerable reputation and resume intact.
As such, Vollmer's addition to the board likely ushered in a new chapter regarding how well and how aggressively the claims will be marketed. I don't expect any news to that effect until an actual tangible development has occurred, but I fully expect that he will be the guy who gets the ball rolling. Vollmer correctly sees the LBSR claims as an economic strategic asset, and therefore a big important piece on the game board. The game (apparently in his view) is to put the US back on the map as an exporter of mineral resources and rescue the dollar as the medium of international exchange in the process, plus the obvious job creation goals that are the subject of his recent book.
And he's bringing us along for the ride...
Just my opinion.
Thank you Oleblue...
This presentation contains great insight into the demand fueling acquisitions in our sector. Time to get the claims proven! There is deep mojo driving the junior market.
"Who in their right mind"
Apparently Chuck Vollmer.
You got that right...
Funny thing how many want to hang this on the NAK model, and for some obvious reasons. Problem is, NAK is a one-trick pony, a cooperative corporate construct for one purpose, the exploration and development of Pebble.
If LBSR secures a JV for AZ and the numbers associated with those breccia formations get some press, it will bring a sudden increase to the valuation. Ditto for the eventual proving of those ZTEM targets on the Big Chunk claims, or Bonanza Hills. There are several viable projects waiting to be properly promoted, and the last year has seen some key players added to the roster, players with contacts and backgrounds that may prove advantageous over time.
NAK may eventually be refocused on another project, but for now they sink or swim on the strength of Pebble, and of course they are doing a bang-up job for their shareholders, and also for us by proxy. Be glad you bought under .20, as it will look dirt cheap in years to come, IMO.
Calm before the storm...
Vollmer aboard is certainly good news. Metals are back up, energy prices on the uptick as well, ongoing negotiations abroad. All in all, I like where we sit, except for the missing .50 of the current PPS.
I am thinking that Vollmer's position may be secured by shares yet to be issued, so the larger market may push us down a bit if further if dilution becomes evident. Purely speculation, but we'll eventually find out one way or another. I'm fine with him having a slice of the pie for motivational purposes. At this point there is, in my mind, a sense that the right people and assets are in place now, and I think most of us here are accustomed to the waiting game already. (Notice I didn't say we like it...)
Seldom does an entire market sector ignore the proper valuation of big assets for any serious length of time. The advantage here is largely one of underexposure due to the limited number of analysts covering micro-caps and the restrictions on institutional investment. I also have stated previously that for months our top-of-the-page headline was the lawsuit, and that spooks most prospective investors away, traders too unless they bought shorts. When you have almost no press followed by bad press, it follows you for a while. Of course spectacular news can negate both...
Hopefully Vollmer can be seen as a steady hand on the wheel here, and he'll instill confidence in the company in the eyes of those who could change our future with a stroke of the pen. It's done plenty for our confidence already, but I want to see him schmooze some sovereign wealth out of the deep pockets so they can announce the deal that puts us on the big green map.
Any day next week is fine with me. Chuck, if you're reading this, don't forget it's a short market week!
I like the technology...
It offers a lot of obvious advantages over existing mathods. I called and asked for IR, but was told they were busy and would call me back. That was yesterday at noon CST. No response thus far.
Peak oil is questionable...
It's great if it drives uranium demand and LBSR along with it, but...
A quick look at the players "leaking" the info reads like a who's-who of parties who benefit from the price spike if people believe it. There may be some real concerns expressed, but likely some manipulative info as well.
The big boys want $5 gas stateside, and it will be/has been refined from $40-bbl oil bought and stockpiled during the late 2009-2010 price dip. Anyone who wants some record Big Oil quarterly profits can buy between now and August and ride it for a year or so, although PPS will likely climb steadily for the major players between now and the 3rd quarter. Domestic oil juniors are also getting active, a sure sign that a price drive is in the works. VC players are seeing oil as the next commodity wave.
And if the result is a uranium spot price that drives LBSR pps, so be it, but I think the next refined petroleum shortage is largely contrived. We will see peak oil eventually, but Brazil was a huge part of the projected long-term demand before they made a major shift toward ethanol and conveniently located their giant offshore oil deposit, as yet undeveloped. The recession of permafrost in Siberia will also allow increased exploration by Russia, a nation that was oil rich just a few years ago before the bottom fell out with retreating demand amid the crashing economy. They will also ramp up with price-per-barrel climbing. As much as OPEC still thinks they have the unofficial monopoly, they have in recent years actually grumbled, threatened to cut production, and in some cases shown a rather non-unified front when attempting to enact policy to force a price increase, all to little effect until now.
So feel free to feed the frenzy, as it can inadvertently help the uranium juniors like LBSR, but the carboniferous period lasted 60 million years, wherein lush vegetation rose and fell through many millions of seasons and piled up around the world into the raw materials for today's natural petro-carbons. This dynamic globe becomes more accessible with thawing of the crust, and the technology necessary to exploit new reserves increases each year.
I suspect oil will be with us in sufficient quantity for many decades to come. I'm betting the same can be said for market manipulation.
Any chance the LBSR JV will be mentioned?
If they want to talk about the preliminaries, it would make sense to play up the potential, which they are already moving on as per the JV.
Agreed...
But all the chatter about a buyout is going to drive NAK right back up. I imagine there is a safe 20% to be grabbed this year by buying under $20.
I like the talk of how a NAK buyout makes LBSR the next obvious development target. Bring it on!
PS-
It wouldn't surprise me if some of Vollmer's deep pocket friends could suck up a lot of shares quickly. Less than 40K for a million shares right now, and suddenly some big boys will get a big heads-up. Where do you think that will lead for LBSR?
"what the heck is he doing with LBSR?"
The same thing we all should be doing, getting in on a world-class deposit at exactly the right time.
It's amazing to me how many are willing to second guess people on the receiving end of the need-to-know basis. Surely Mr. Vollmer has now been introduced to the same info that Theissen and his industry-standard shareholders saw. I find it amusing how many folks need to question the motives of people who have better information and I'm betting a stronger track record than anyone posting here.
Briscoe may have some blunders under his belt, but some smart and consistent winners are very interested in his claims, and they have been putting money on the line for the better part of a year now. I am not under the impression that Vollmer walks on water, but he's a well-connected, well-accomplished man of means, and a person with an obvious capability to grasp the geo-political and economic importance of the caldera. He also seems to have a wide range of contacts that will suddenly become aware of the dirt-cheap micro-cap that holds the rest of the claims that have turned NAK into a serious winner.
I still say this is a gift horse, and you only have so long to look it in the mouth. I wanted cheapies, but I've bought down to the .03's and have a life-changer position if this follows NAK. Looks like we took a serious step closer with the addition of Mr. Vollmer. I bet he wants to build this company into a juggernaut, as it would be quite a feather in his cap (and account) to ride the tsunami of 6-7 Pebble-sized deposits being brought into development.
Gold miners set to regain their sparkle
By Claire Sibonney
Mon Feb 14, 2011 7:15am EST
TORONTO, Feb 13 (Reuters) - Canadian gold mining stocks should shrug off a recent pullback to glitter again in 2011, with economic uncertainty and central bank demand supporting the bullion price and helping to drive earnings higher.
Analysts say risks, including the uneven U.S. economic recovery, Europe's debt problems and creeping inflation in emerging markets, should all help gold XAU= regain momentum. The precious metal hit a record high in 2010 but has fallen 4 percent year-to-date to below $1,360.
"We came into 2011 overbought ... (but) on the downside, you have to take out $1,000 to eliminate the bullish trend," said Ted Whitehead, senior portfolio manager at Manulife Asset Management.
Whitehead thinks the bullion price could reach a record $1,500 an ounce if the U.S. Federal Reserve resorts to more quantitative easing, effectively printing money to buy government debt, to try to boost the economy.
The Toronto Stock Exchange's gold subsector SPTTGD, home to industry giants Barrick Gold Corp (ABX.TO) and Goldcorp (G.TO), rallied a stunning 26 percent in 2010, outpacing a 14.4 percent gain in the broader market. .GSPTSE
But as signs of accelerating global growth surfaced, demand for safe-haven assets such as gold eased, prompting investors to move to riskier, more cyclical assets such oil, base metals and financials.
The gold subsector, which also includes Kinross Gold (K.TO), Agnico-Eagle (AEM.TO), Eldorado Gold (ELD.TO), Yamana Gold (YRI.TO), is down almost 9 percent year-to-date.
Yet many analysts and money managers think the decline will be shortlived, with gold stocks meeting or beating broader returns in the market this year.
Ani Markova, a precious metals fund manager at AGF Investments, said that, even though bullion has appreciated a staggering 400 percent over the last 10 years, the bull market for the commodity still has legs.
"This has been a phenomenal move, but I don't think it's over yet ... I don't see that fundamentally we have a very solid global recovery to be comfortable to say we're going to have significant increases in interest rates."
She said adjusted for inflation, the price of gold's peak in 1980 would be equal to $2,300 to $2,500 today and that investors could see that level in the next few years.
In the absence of another major crisis, the next catalyst could be central bank demand, she said, with global net purchases turning positive in 2010 for the first time in more than 20 years.
Patrick Chidley, an analyst with HSBC's global metals and mining research arm in New York, said he suspects China's central bank gold reserves are going up rapidly.
"Demand in Asia is burgeoning. Demand in China in particular is extremely high," he said.
"The Chinese currency wants to go stronger and the Chinese are managing that, and I think they have so many (U.S.) dollars and now euros as well, the Chinese central bank has to be looking at alternatives."
Another positive factor for gold companies is that, after the pullback, many big, liquid producers are now trading at price-to-earnings ratios and cash-flow multiples more in line with the broader market, said Markova, who also expects a strong fourth-quarter reporting season.
"It's starting to come in ... all the year-end numbers and year-end upgrades to reserves and resources and plans for this year, so this is usually a strong reporting season for the space," she said.
Barrick, which makes up almost 20 percent of the gold subsector, reports fourth-quarter earnings next Thursday.
Elizabeth Collins, a materials analyst at Morningstar in Chicago, said Barrick is among the companies that should post strong numbers.
Given that the world's biggest gold producer has exciting growth prospects in new lower-cost mines in Latin America, she thinks the stock is undervalued at C$46.82 or $47.49. Morningstar's fair value estimate for Barrick is C$57 a share. HSBC's 12-month target price is $66.
Still, not all market players are bullish on gold. Youssef Zohny, associate portfolio manager at Van Arbor Asset Management in Vancouver, said he expects the precious metal miners to underperform the TSX this year as price of bullion flat-lines at best and falls 10 to 15 percent at worst.
"For gold and silver to move forward it's going to require a much larger sovereign crisis, it's going to require the economy losing steam, or it's going to require the Federal Reserve increasing quantitative easing," he said.
"It's going to take either a further catalyst or magnifying one of those catalysts that we priced in last year for it to move forward, and I don't necessarily see that."
($1=$1 Canadian) (Reporting by Claire Sibonney; editing by Jeffrey Hodgson and by Rob Wilson)
http://www.reuters.com/article/2011/02/14/column-canada-markets-idUSN1117678520110214?pageNumber=2
You get it my friend...
The potential here is mind boggling, the evidence solid. Thanks for helping to keep it is perspective.
I've never been good at suffering fools quietly, so hearing these less-than-astute conjectures about the JV being a fraud, or how they'll never develop the trillions in the LBSR claims because they already have NAK, it's all a bit much at times. Absolute foolishness, and anyone who has read a bit of history ought to be able to see how this will play out. How, not when. I don't care who thinks Briscoe is a fool, he secured the claims and they are paid for, at just the right time.
"The man who doesn't read has no advantage over the man who can't." ~ Mark Twain
Specifics...Nice...
http://dnr.alaska.gov/mlw/mining/largemine/pebble/fieldreports/pebble101310.pdf
That report shows the depth of one of the geotechnical holes, 485 feet, and also designates another as an exploration hole, though no depth is given. I have other things to attend to for now, but I'm curious as to whether any of the regulars here noted whether the Long/Lat coordinates given coincide with any known LBSR claims.
Queued another modest position for tomorrow...
Last week's ride was too enticing, and a lot of investors have discovered this RM over the weekend. The split announcement and the spectacular numbers from Friday will be popping up on a lot of screens. It will attract plenty even without the background info on PGI.
I'll take some sub-penny if it arrives.
I could double my position at that price, and the warrant holders could sell to actual investors, whereupon they can then go perform an auto-fornication ritual, repeatedly and without the benefit of any lubricious agents.
(Can you feel the love?)
Thanks, Moon
You have a realistic risk profile here, as a lack of news allows manipulation. As LBSR gets 'discovered' by individual investors, we might see more private placement, but we could just as easily see a bear raid/buying opportunity. We could still get kicked around pretty good even if we are sure that serious good news is coming eventually. I already bought in the .03's. Take us higher or flush the warrants at .01 or lower. I have a long position I can keep.
Thank you...
I am a johnny-come-lately here, and have been the benefactor of much info shared here, particularly by SGR, Stealth, Moondoggy, King, Dragonball, HKipp, Learning, etc. I know I missed some important contributors, but you get the idea.
And the story here is quite compelling, the dilution relevant but finite, the real evidence and information tantalizing. I happen to like scientists, having grown up around quite a few. Science as a means for discerning the truth is a great tool, and we have scientists using truly cutting edge methods to obtain data that obviously meant something to all those Deep Pocket folks across the caldera when they looked at the info. The geochemical surface analysis and ZTEM combined with the proximity to Pebble, known mineralization models based on vulcanism, Pacific Rim commercial geology, and particularly the mineral wealth of Alaska, which has long been recognized, they all say that there is something extremely valuable under our claims. This land was set aside by the State of Alaska in coordination with the bureau of land management for the prospective development of mineral deposits, I believe in 1988, because of the likelihood of finding the goodies there.
And really, does anyone think that this volcano only squirted the porphyry tubes up under the NAK deposits? Briscoe specifically used the Pebble data to match his claims to the Pebble signature, on a geological formation that likely spread trace mineralization out over many hundreds of miles. He consulted board member Guilbert, who wrote the industry standard book on copper porphyry deposit geology.
The real concerns here are about shady business by warrant holders. For months the main story that came up for anyone researching LBSR was the lawsuit and the shares issued at .002. That will be over, and news will eventually prove what we basically know, that this is a world-class deposit in process. Penny stocks are scary, but it's my opinion that anyone buying down here will get a great chance to make money this year. I'm holding a decent position long and have enough to flip, but I'm not at all sure one will have to flip if this thing runs on fundamentals. Get the news out and some permits stamped and it's off to the races.
BTW, here is another company doing very similar work...
I just found them, but I have found others as well, with similar claims. Apparently patents are issued.
http://www.medicaldevice-network.com/features/feature2119/
A&P are Alpha and Platinum
Theissen refers to Northern Dynasty CEO Ron Theissen. He convinced his large corporate shareholders that a JV with LBSR would be a profitable enterprise, and I'm sure he didn't just tell them he had a hunch. They would need to see data justifying the millions of dollars in debt relief, claims purchases, and ongoing claim maintenance.
Sorry you bought on the way up. I did too, but after buying in under a dime. I have since averaged down to a very comfortable starting point. This is a world-class deposit in a politically stable environment, being brought into permitting by deep pockets and steady hands. Your .18's will probably be just fine if you don't mind holding them over the next couple years, maybe less.
Not the same one, although I like this technology.
I have also been watching M*TC, which is the stock referred to in that other forum.
KBLB is just one I've been watching, but I have found some other companies working on similar projects and see this as a story that will have to play out a bit further before I'll buy the stock. If the competing folks working on a bio-mechanical solution get their process working, it may be hard to match their output with silkworms. I'm not saying that they will succeed, only that they are in the same arena and also have university backing, etc.
I must stress that I am not an analyst, a broker, or a terribly experienced investor. Take my opinions with a grain of salt, or disregard them altogether if you wish. My knowledge is broad, but not comprehensive in any one area, and certainly not in the kind of complex R&D being done by Kraig.
Semantics...
I bet plenty of us find it to be a gold mine in the figurative sense.
=-)
I love my job too...
But I'll sure use some LBSR funds to upgrade the facilities for my clients. I have 80% of my shares in the IRA, but another substantial position that I can liquidate at my discretion. Thinking about adding to that account, but I'm not sure we don't have another bear raid coming that might provide a better buying opportunity.
I'm not saying I know anything solid, but I've seen how some folks get their shares. It's ugly, but it happens and it shows how badly some people want in. Might as well add a few if some unethical trolls start pulling strings and crashing the PPS. The gold and copper will still be there after they've had their fun.
Spider science...
Forwarded these to the company, but they might also be of interest to those invested here. I'm particularly intrigued by the spider that can process vegetable protein from acacia beltian bodies. Since the diet of spiders and silkworms are radically different, the Bagheera kiplingi may hold important clues for getting silkworms to produce fibers that rival the strength and elasticity of spider silk.
http://news.bbc.co.uk/2/hi/science/nature/8085655.stm
http://news.bbc.co.uk/2/hi/science/nature/8302535.stm
"...this is what makes me giddy!"
We'll all be giddy on the next leg up.
I expect that drill cores will be coming later this year, but I'll wait another year or two if that's the NAK schedule. They will have to permit the entire caldera eventually, or Anglo American can do it if they buy the rest of PLP. Regardless, the folks that want to be on the receiving end of those 6-7 Pebble-sized anomalies will be anxious to prove the claims. Big reserves attract big development capital, and the interests pushing the development of the caldera are here to make money, just like us. They understand that proving these claims while gold is over $1000/oz. makes it easier to keep everyone interested.
So what will an average position of nickel shares look like when this all plays out? I'm guessing mine will look like an early retirement package. Feel free to ride along. IMO, we got to the party early, and the real fun starts soon...
"answer with unwelcomed remarks"
I sincerely hope I am not counted among those, but for someone to say there is no legally binding agreement because they personally weren't in the room when Briscoe negotiated and signed the current version/phase of the JV is irresponsible. It affects shareholder sentiment in this forum, but more importantly, there are legally binding statements concerning this joint venture, public, official and documented, that mean that these companies have committed to the terms of a binding agreement, one that is governed by a host of laws on a state, federal, and international level due to the many considerations that must be addressed before any of the steps in the development process can be taken, through agencies as varied as the EPA, SEC, BLM, etc. Put simply, Briscoe, Theissen, the multi-billion dollar corporate shareholders of NAK or the State of Alaska don't need anyone here to tell them when they have an official joint venture. They are paying claims and drilling holes, transferring land and securing loans, all because these things have been made possible through the formation of a publicly announced joint venture.
When two publicly reporting companies state that they have entered (not "gee, we might think about it...) a joint venture/earn-in, through official news release, to develop claims, they are bound by a legal obligation that has been approved by the shareholders in the case of NAK, and by our CEO, as OTC juniors are subject to differing regulations for the unilateral enacting of material change events by company officers. We were informed through official news, as were NAK shareholders. There is serious liability to act outside the provisions of the agreement or in a manner other than what has been publicly stated, unless either party opts out as per existing provisions. Anyone who doesn't like the opt-out provision can sell their stock, but don't act like it's not a legitimate agreement. There are a host of laws that frame this issue and make it quite clear to some of us.
We should be thankful that Briscoe didn't ink away the company to NAK 'as-is' at the inception of the agreement, because without proving the claims via the JV plan, we'd get a cheap-o deal like FMM. The fact that NAK wants a JV and earn-in vs. a lowball buyout says A) We had some clout at the table, probably due to the comparative ZTEM data. B) NAK thought they could add value to their already valuable company (there is no other reason) by committing to a JV with LBSR, and C) The data on these claims made them more desirable than some others to those with the information, as Briscoe effectively used the data to secure an agreement that kept the claims from ending up with A&P or worse.
Do I need to show someone my birth certificate before they believe I'm a legal citizen? Tough cookies. Look it up. Let the burden of proof fall on the accuser. I'm not required to carry around a copy for every schmoe that thinks I'm not legal. There are official channels for finding such info. Ditto for JV's between public companies.
"deal that hasn't been signed and 'made legal?"
Are you a basher or just too lazy to read the documents? The land title transfer and the loan are interdependent as per the provisions of the JV, which has been reported multiple times in NAK and and LBSR official news releases. All other provisions, like claim maintenance, financing of the LBSR debt, etc, are dependent on this legally binding agreement by two publicly reporting companies.
It is illegal for either company to report such news if it is not official, ongoing, current, etc. NAK pays the claims, issues the loan, and drills holes, just like we would expect under the terms expressed. Go ahead and argue with the parties who are already moving forward with the agreement that you can't quite seem to grasp. The title transfer was listed with the State of Alaska as a done deal. Do you suppose Briscoe somehow tricked an entire state agency into listing a false report? Do you imagine that they listed the title and then both parties dissolved the agreement but failed to notify shareholders? If NAK was backing out, the day after the A&P announcement would have been the perfect time.
If you are somehow entitled to your own personal copy of a signed agreement, get on the horn and tell Theissen or Briscoe. The rational investors are delighted to have this insight into the JV without the market having recognized its significance first. It's the closest thing average joe ever sees to inside information. I will be very glad that Briscoe didn't quickly sign a deal before the claims were proven when the drill cores come in. They can't possibly finalize the terms without a proper valuation of the claims, hence the current agreement, transferred land as earnest collateral, loan payments for LBSR to keep their standing secure throughout the negotiations.
It makes sense to most others who actually read the documents. Your assertion that the deal JV has not been "made legal" is misinformed at best.