Often irritated, never duplicated
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And there she goes....
Got my average down significantly with that one. =-)
Can't get an order filled at the ask...
What good are these prices if I can't get a few thousand shares?
Key Points...
"According to U.S. Geological Survey estimates, Pebble could potentially triple U.S. reserves of copper, increase its gold reserves by 50 percent and make America the world's largest holder of mineral molybdenum, an essential component of high-strength steel alloys."
Have faith in human greed. It's coming...
Lurker here...
I like the story of KBLB, watch the PPS, volume, etc. My original interest and the subsequent research lead to companies currently trying to synthesize spider silk using organic components and a bio-mechanical process (my words, not theirs, very abbreviated) to produce fibers of great tensile strength and elasticity. I was a bit skittish about trying to get a silkworm to mass produce superior fibers if there was a possibility that a machine could be developed that would spin the stuff 24/7/365. It's been nearly a year, but if I recall the company was also affiliated with a university research facility according to the press.
Worth considering, and I'm sure the articles are still available. I was poking around doing some digging while home-bound after surgery and had time to look around doing micro-cap research.
Glad to bring a smile...
The mule train apparently arrived today, and my account finally shows the new funds. Deciding on whether to put in a lowball or not.
Tell the story...
Hey folks, any chance more of us could stop by the Yahoo page and help beat down the morons? As much as Yahoo is a cesspool of spam, it is still a big source of info for many retail investors. Some of the more informed and articulate posters here could engage them a bit, let the finer points of why this is a great stock pile up between the garbage posts and bashers. I know ValueProAZ is there sometimes, but plenty of the other folks here are very good at explaining the merits of Briscoe & Co, and their insights would help to provide a more complete picture to those reading on the Yahoo board.
Yes, I know about teaching pigs to sing, but every hopeful future-retiree buying shares is less float the manipulators can wrangle. We have an opportunity to reach people, and the folks here are familiar with the opportunity present in LBSR. Might be worth a try.
"darn good chance of at least a 2 bagger"
Gee, almost .08 cents. That would take us from extreme gross undervaluation to, umm, extreme gross undervaluation PLUS roughly .04 cents.
(I get your point, just pointing out the absurdity of these assets at these prices)
PS- I'm buying more as soon as Zecco puts an extra hamster on the wheel. The extra hamster generates more current, which allows their telegraph line to wire an account transfer approval clean out past the Mississippi these days, yes sir. Sometimes in as little as three days they can have you up and trading, with good weather, no Indians, and a little luck.
(I am finding them a bit slow these days. Don't really like my TradeKing either, so LBSR needs to make me enough cash for premium brokerage)
Go-go, Briscoe!
Technology is amazing...
You can electronically sign a document from the far side of the globe, I can buy stocks on a foreign exchange in seconds, get up to the minute real-time quotes, but it takes 72 hours for Zecco to enact a fund transfer from my bank.
I would be taking out .038's right now. *&%$ rascals...
Those guys have picked some winners...
David Gardner saw AOL in the early 90's, .50 PPS, bought a boatload, rode it to $70 (took 10 years). Nearly all the big namers in the last 20 years have been willing to take an outsized position in a small-cap with serious leverage built in at some point, and that's where they got the big start.
Make no mistake, there are times when you can see something plainly and it takes the rest of the world a while to realize the inevitable. Ask Edison, or Henry Ford, or Peter Lynch.
The world needs gold, uranium, copper, moly, AND smart geologists to find them. We are sitting in the right place, and the right time approacheth...
Maybe...
...just maybe that's because Ed secured the preliminary agreement that we will hear about in the future. Big deeds warrant big rewards.
BTW, Mr Liang just got a promotion too. Maybe he's bringing home a golden goose as well...
(I love owning this stock, but I bet I'll love it more next year, and the year after that...)
I feel the same way about "negotiations"...
It's a word that goes beyond, greet, chat, banter, inquire, consider, or talk. It means to settle terms, to establish points of mutual agreement for a central purpose, sort out details that anticipate what is to come and get with the plan.
Good word, that.
Thanks for soaking up float!
You'll be very happy you bought LBSR.
Speaking of Latin America...
...Who can give us the scoop on Sonora, Mexico? The announcement was NR-77, April of 2008. Small potatoes compared to the other ongoing projects, I know, but details matter. I should hope that anyone kicking rocks down there be packing some serious security detail. Mexico is a great place to get de-animated via hot-lead poisoning these days.
http://www.libertystaruranium.com/www/investors/news-releases/nr-77-liberty-star-and-mayo-gold-joint-venture-on-sonora-gold-property
Shouldn't be a surprise...
At least not for those who can see the direction we are taking. This company was quite focused on uranium before soviet surplus collapsed prices a few years ago. Now BRIC nations and their nuclear ambitions have kick-started the next run.
Funny how it's there in plain language, clearly showing that just a partial first step toward the stated plans puts uranium and copper in serious supply deficit, yet the market is slowly crawling around to recognizing the value in the junior explorers holding the big claims.
And so I check my trading account balance, waiting for clear funds to place orders. Nobody ever bet too much on a winning horse...
That's on you...
I enjoy sharing info here, but I'm never trying to talk anyone into buying this or any stock. You should only trade on your best information, for your own reasons, at your own acceptable risk tolerance. This thing looks great to me, but I'm an individual investor with limited info and experience.
More excerpts- Bureau of Land Management News Release
http://www.blm.gov/wo/st/en/info/newsroom/2009/july/NR_0720_2009.html
This was also interesting. It seems they are defining the exemptions very clearly in the document.
"Neither the segregation nor the proposed withdrawal would prohibit any other authorized uses on these lands"
And the timeline started as of July 2009.
"Under the Federal Land Policy and Management Act, lands proposed for withdrawal are immediately segregated for up to two years during which a decision on the proposed withdrawal may be made."
And again, they spell out very clearly what this moratorium does not entail.
"Neither the segregation nor any withdrawal, however, would prohibit ongoing or future mining exploration or extraction operations on valid pre-existing claims. Those activities might proceed during segregation and any withdrawal"
So the moratorium essentially limits competition and gives us a nice big percentage of the domestic uranium pie, in high-grade, easily mined deposits.
Come and get it!
Horses mouth - My first impression...
A) 2 years from July of 2009 isn't very long.
B) It states in the first paragraph, "new claims". We are established.
C) Look near the bottom. Bureau of Land Management.gov sez...
"Neither the segregation nor any withdrawal, however, would prohibit ongoing or future mining exploration or extraction operations on valid pre-existing claims"
Game on!
http://www.blm.gov/wo/st/en/info/newsroom/2009/july/NR_0720_2009.html
PS- Might want to sticky this.
Moratorium...
It's my understanding that the existing claims are grandfathered in. If anyone here has definitive source info on this matter, it would be greatly appreciated. This matter has come into question several times and would be a good addition to the DD page.
Domestic uranium is a small percentage of the overall market compared to Canadian ore. Of course that could change if the US would ever pass some legislation to support our GDP. Maybe the 440+ reactors slated to be built in the next few decades will force the issue.
Thank You King Yukon!
Seldom do I type LOL, and man do I mean it this time. Extra funny because I just put a bunch of stuff on ebay and also dumped some old gear on clients who were interested, all to add shares to my trading account and IRA. To make matters better, I decollateralized some capital by paying a loan off early today, so now I am free to dump that cash into .03's. AND, I found a little extra powder that I mistakenly left in another account, all adding up to enough to take advantage of these prices. Come to Papa...
BTW, cats are pretty sensitive about being sold. Most of them are convinced that the ownership is actually the other way around. Oh, and wives too, or so I hear...
And for Joe-the-Bummer, I like those sell ratings. It means I'll be getting great prices for the shares I add as chart traders ditch them. Hopefully those same traders ditching it now will see this thing take off and chase it to fuel the frenzy. Nothing like some short-sighted stragglers to make a crazy run completely insane.
(Might want to call the bomb squad, because this stock is going to explode!)
Yeah, it's just my opinion, and my money, and my favorite stock.
"Any thoughts anyone please."
Hard to argue with a guy that has all the info we wish we had, and he wants the option to own another 50-million shares. Says great things about how the info should play out.
This is far above my expertise...
...but isn't it feasible that a lot of acquisition might take place quietly by a network of small subsidiary companies created solely to absorb shares without making it official that an AAL or Rio Tinto already owned 5%? In this world of creative accounting, certainly there are ways to skirt rules by making shadow companies that exist only to profit by info garnered on the golf course from a BOD friend of a big company. I'm guessing the likelihood for such a scenario goes up as the inferred wealth goes from extreme to obscene.
I ask because it's one of the ways a large group trading on inside info might align themselves to keep the lid on something and gobble up cheap seats to a sure thing, providing an incentive to keep it trading sideways at low prices for a certain window.
And a big float wouldn't matter so much in a case like that, and the trading might look a lot like what we're seeing, with occasional volume and a solid floor.
There is also the land transfer contingency...
...Which has been met as per the JV. For all intents and purposes the JV is operating as stated, with LBSR out of debt, out of trouble, and a world-class exploration team setting up plans to prove out 6-7 Pebbles. This is a go, and the lucky folks who read the ibox thoroughly and cross-reference the info with official sources can be confident that...
A) ZTEM says the same stuff that is making NAK rich is in the ground for LBSR, but several times more. Caldera geology also says this, as does geochemical surface analysis, Pacific Rim Mineralogy, and centuries of Alaskan gold finds. None of this info comes from paid pumping or frivolous news releases.
B) The State of Alaska confirms that the claims contingent to the completion of the JV are officially transferred. Official sources independent of NAK, HDI, or LBSR have shown concrete evidence that the JV is in place and operating as per the agreement stated in the NR.
C) Whatever we may think based on the limited info we have, NAK looked at Briscoe's data and moved on a JV. Keep in mind that LBSR was a drowning company at the time, not an attractive acquisition to sell to your shareholders from a financial standpoint. NAK is created by HDI, and everything they do is at the pleasure of HDI's BOD, their executives, and the Deep Pockets who put their money in their projects.
Anyone who thinks LBSR is just dangling over the abyss while Rio Tinto and Anglo American twiddle thumbs and wait for someone else to nab these claims is not seeing the bigger picture. AAL and the like don't give NAK via HDI a pile of money and then say go ahead and throw it at penny stock companies willy-nilly. The very fact that a company created exclusively for the development of Pebble grabbed a JV with a struggling OTCBB company on claims adjacent to the biggest copper/gold deposit ever is enough info to swing the odds toward a favorable outcome eventually, especially for those acquiring at these prices.
So I'm looking forward to counting some chickens, just as soon as NAK announces the hatching plan for this year. All things in good time...
Volume drying up...
Might be buying low .03's soon. I could drag my average down again...
I bet you're a lot of fun at parties...
Here's what the rest of the world thinks about the outlook:
http://news.yahoo.com/s/ap/us_nabe_survey
There is a lot of Big Money out there that doesn't like the low interest rates, the quiet retail trends and people staying home for vacation. Big Money likes to see decent ROI, whether buying bonds or running coastal resorts. There is big incentive to make banks, manufacturing, housing profitable again. The real money is so consolidated in giant multinationals that there isn't a sector that can lose money without affecting them.
The only serious bump I see is energy prices, and we'll need to appease the gods of petroleum pretty soon or they'll take their ball and go home. $5.00 gas on top of 10% unemployment will definitely sideline the US economy for a while, but they won't be able to sustain it and it will be temporary, if we get there at all. Remember the way demand dropped in 2009, less than 12 months after some were screaming about inevitable $200 bbl oil.
Of course high energy prices put the push on uranium, and economic downturns place emphasis on gold for currency hedge. Any way you slice it, I like this company and where we are sitting.
KY, I like the way you put this...
"CEO JB outsmarted HDI in finding the CALDARA right next door to NAK way back when HDI was drilling a CRAZY number of holes to prove up the "PEBBLE"
That says quite a bit, considering the team behind HDI. Now we just need to convert that insight and perseverance into serious cash for the shareholders. I'm ready!
"The world's need for copper may force many sleeper projects"
Even forgetting current documented plans for infrastructure and power grid expansion around the world and the imminent recovery of metals after a worldwide shutdown of refining and milling, there is still the juggernaut of BRIC nations emerging and creating unprecedented demand for cell phones, cars, wired homes, TV's, computers, and the vast wave of gadgets and utilities that come with broad economic expansion. Copper has never seen the kind of demand we will see in the next two decades. Not in wartime, not ever.
This is the next industrial revolution sweeping through China and India, but they are better educated and far more numerous than in the wave that drove the early 20th century. It is likely the single biggest factor affecting economies worldwide and will be for some time to come, barring a plague or giant meteor.
Now tack on a some or uranium claims and some "by-product" gold at + $1300-oz in a 'biggest-ever' deposit and you have every reason to think that claims like LBSR will be developed profitably.
(Hoping to have funds ready to buy more soon)
"50,000 recently raised for the Mid East and China trip?"
That's possible, but I'm inclined to see it as someone who wanted in at current levels and had the connection and clout to get in for 50K with options.
I don't know how the schedule will play out...
...But I am going to fund another account soon, just a modest trading account that I may use to flip here and there if the rise is jerky. A sustained run with the news piled up, like news about AK, AZ in the same quarter, might mean there wouldn't be much flipping to be done.
I know the market has a million eyes, but I'm sensing that this will look like a "How-did-we-miss-that?" moment in retrospect. I remember researching the AOL story, and how that little company was a way to buy into the rapidly opening internet access for average joe, simplified to allow everyone to surf vast amounts of content. Whatever you think of AOL as a product or company, you could have bought them as a penny stock in the early 90's and rode them up to $70 in a decade. Given that the sector was so early in the game, you would have done well with a Yahoo or Google as well.
And I know that example is a LOT more unpredictable and subjective than the eventual development of a vast and valuable precious metals deposit. Precious metals are where you want to be when you can't trust tech, or retail, or manufacturing, or banks, or even cash.
We are THERE! You might want to bring some goggles and a helmet.
Our CEO is a geologist...
...And a pretty smart one too.
I happen to have more money than I need for clothes, but when I'm getting things done I don't want a pinstripe and power tie look. Practical people can impress more with their accomplishments than their wardrobe. Read some interviews with JB and you'll see that he has regularly looked at practical considerations and scaled back spending, back-burnered projects he believed in, and went about the serious business of identifying and securing valuable claims, probably in some well-worn work clothes.
I have a lot more respect for a guy in dirty jeans that can see the riches under the ground than for the entire corporate nation of well-coiffed liars out there repackaging junk assets and sending out glossy pump letters for companies that barely exist. LBSR is an actual company, with real assets, and our modestly-attired CEO will turn out to be the biggest one in the long run. The sector is lined up to hit this one out of the park.
But keep hoping for cheap shares...
Ken Salazar, Secretary of the Interior...
They issued a moratorium on AZ strip lands, essentially granting established claims a large proportion of the lands since only established claims can now be mined, while prospective claims are on the back burner indefinitely.
I hope you're right...
I get a little apprehensive thinking about being so far ahead of the market. Just trying to consider all angles, but I keep coming back to the science behind the inferred reserves, the fact the HDI/NAK sat up and took notice of Briscoe's ZTEM data and paid the company debt, the worldwide commitment to energy and infrastructure signaling a massive uptrend in metals, along with specifics like record gold prices, uranium spot prices and demand projections, and the de facto uranium grab via Salazar's moratorium that suddenly upped the proportional significance of the LBSR AZ claims.
It all seems to add up to a very profitable scenario. I am getting more funds ready this week. Maybe the tree will be shaken again and I can get in under .04. My lowest so far was .043.
"we will simply continue to drift up and down "
Well, I have dry powder on the way and may toss on a couple lowball bids. It's hard to leave .03's sitting there when you know what the company actually owns.
I want to see Briscoe on CNBC with this...
Agreed...
I think the online literacy test is the least visited page on the entire internet.
Briscoe has to have thick skin by now, with the criticism that has been heaped on his business decisions. I'm betting he'll get the last laugh. Go LBSR!
Gold prices consolidating, but...
Great info from a unique source, and very similar to some views expressed here.Check it out.
"But that doesn't mean the gold rally is over because bullion sellers and buyers tell another story. Nick Barisheff, CEO of Bullion Management Group, which sells, stores and insures precious metal bars like silver, gold and platinum, is seeing steady demand despite the recent pullback.
"We're just consolidating at this level before the next leg up," he says. Barisheff believes that the main driver for gold will be people's lack of faith in global currencies. "Gold appears to be rising against all currencies but what is really happening is currencies are declining," he says."
http://finance.yahoo.com/news/Gold-Prices-Slip-as-Traders-tsmf-4170278895.html?x=0&sec=topStories&pos=4&asset=&ccode=
Between the lines partners are speaking for us...
Corporations streamline everything today, research included, to pad the bottom line and keep shareholders happy. Just the idea that we are aligned with the interests of HDI/NAK on a project says that some of the best economic geologists and miners on the planet are giving Briscoe's work a thumbs-up. Other partners will look at this and put us a little further on their 'potential investments' list.
This is a lot like the catcher signaling to the pitcher about how to get past this next play. They are both team players inside the game, communicating in a symbolic language that is subtle and anticipatory in nature. Outside the game in the stands, the spectators get little glimpses of this and try to judge how it will play out. Seeing the guy who puts the ball in play leaning toward a certain game plan shows all the other players what the top-rated teams are looking toward, and how they might best react to be in on the play.
And the chatter from the dugout is pretty loud right now. Our division, the mining exploration sector, is heading into the playoffs with a winning record, and we should all be ready to play ball.
"sorry for being so emotional"
This is a drastically undervalued asset, understood by a few, watched by a few more, but ultimately misunderstood and maligned for some legitimately questionable moves in the past.
But now that the debt is gone, real management is close at hand, and the metals market is in full recovery, our time has likely come. I'll buy more if we dip much further, but for now I sit on a nice big pile of cheap shares.
It's coming...
The suit against the Pebble development, not the Alpha fiasco...
We are waiting for a ruling regarding whether to permit the claims and it's still being held up in hearings.
"nothing has changed"?
The share structure has obviously changed a bit recently, and I wouldn't be surprised if that precipitated some more red days. It's disheartening to see the volume rise and the PPS drop.
I'm starting to see why some think a reverse split is inevitable. I'm not saying they're right, but their case becomes more plausible with every issue.
We need news, and ideally some that doesn't involve dilution.
"PM's will enjoy their usual early spring rally"
If you believe in a sensible, historically relevant context, then yes, there should be a seasonal rally coupled with the uptrend of investors getting into precious metals as a hedge against declining or unstable currencies. Throw in some still-high unemployment and you have every reason to think precious metals will do well in 2011.
The dollar mini-rally was likely a blip, partially caused by the high profile visit from the Chinese Premier. Commodities are king, with metals at the top of the heap for now. Get Briscoe's tail in gear and we might be able to time things just right, using some LBSR profits to dip into energy stocks before the world goes back to work.
But for now I'll settle for some concrete evidence of forward progress on the claims. How about it?