Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Its a one man operation
Something smells bad about this guy and his sham companies, the State of Nevada knows something bad about this guy, why didn't JB?
I bet this will come up with any serious potential partner when they do their DD on LBSR, and the smell will probably send them running back to the airport, no wonder he's going overseas looking for funding
Let's stop the semantics, the larger point is why did JB enter into negotiations with this sham company, and how in the world can he develop a mine and pay LBSR a dime when he can't even renew his biz license, I dare say even if the State of Nevada would even take his $$$, since they have this nasty habit of REVOKING his licenses
Here's the bad part, NR 192 dated 11/2014 line #5 listed this Bankrupt, Defunct and De-listed entity in negotiations with LBSR as of late last year as a potential deal partner.
1. Either JB knew of this situation and ignored it (or)
2. He's complicit in deceiving LBSR shareholders with a Bankrupt, Defunct and De-listed potential partner(or)
3. He's incompetent!!!!! (or) fill in the blank
Shame, shame and more shame on JB
According to the State of Nevada, no libel as far as I can see.
Please comment on the NPSP deal and the partner, the facts I am talking about.
NPSDP
North Pipe Super Dream Project
With a Bankrupt, Defunct and De-listed partner
IF a new deal is announced with a partner for the HMSDP will they be Bankrupt, Defunct and De-listed to?
I am starting to like this stock, the entertainment value is priceless.
What difference does that make? don't you know JB's making a deal to pay LBSR millions, and that's all that matters, JB's going to make it happen! remember he said so in a NR or did he?
And stop posting FACTS, remember this is a fantasy
I will rest my case on this matter, and let the future be the judge, however, when this is NEVER mentioned again or dropped for the next big thing, btw he hinted at it in his NR, just remember these post and I will be here to say I TOLD YOU SO, and what happened to the pending deal with the Philippines?
But JB's in the clear, because he told you so, and it's your problem for not understanding his NR
Once again he NEVER said he is in communication with entities from the Phillipines, he just said he's in constant communication, period end of sentence.
Go JB, your the best at what you do, MINING SHAREHOLDERS
You are still referencing them, JB made no such reference, he just said SINCE THE MEETING I'VE BEEN IN CONSTANT COMMUNICATION, without a reference to anyone
For instance, on Thursday I had a staff meeting all day, talking with my staff, and every since, I have been in constant communication
1. I had a meeting in which I talked all day with my staff
2. After the staff meeting I continued to communicate constantly
But I never said with who I was communicating with, I just said I have been communicating constantly, non specific just as JB did
Versus, I have been in constant communication with my staff every since the meeting ended
But I put those two sentences together hoping you would make the inference without me saying it, which I didn't, but YOU did
Deleted the word THEM from your post? shows desperation?
Read your own post before posting, you said communicating WITH THEM, JB made no such claim, he just said he's been in constant communication since the presentation.
Thank you, you just made my point in your own words
I know people hate legal stuff, but he ended a sentence and started a new one without using my words to connect them, and it was not by accident, in the legal world THIS IS PARAMOUNT, we all are in constant communication, but when cross examined, the question of WHO are you communicating with is never answered, its only left to the reader to ASSUME that's what he meant, again he's clever.
People hate this stuff, but lawyers win multi-million $$$ verdicts because of how things are worded
If he comes back and mentions them specifically I will be the first to mea culpa, until then I will stand by my analysis of nothing of value was said in this NR, and par for the course a bit deceitful
Here's how a lawyer parses this communique
The company has been in almost constant communication since the presentation, and we believe substantial and important progress is being made toward financing of Phase 1, which will then lead to Phase 2 in the following year.
he
Communication with who? doesn't mention anyone specific or generally, could be anyone not neccesarily one of the guest in the Philippines that he is in communication with
He's said before progress was being made on financing in previous NR's, so this may not have anything to do with trip.
Now here's the correct way to release positive news if LBSR had any from this trip.
The company has been in almost constant communication since the presentation WITH SOME OF THE PARTIES WHO ATTENTED THE PRESENTATION, and we believe substantial and important progress HAS BEEN made toward financing of Phase 1 WITH THESE PARTIES, which will then lead to Phase 2 in the following year.
Without my words inserted the NR is meaningless, and it allows JB to say something without REALLY saying anything, but it allows readers to ASSUME? he's talking about the latest presentation which actually he said NO such thing.
You have to parse his NR's and when you do, he really didn't say anything of value
Not true and what about Genesis Group and the NPSP deal? company doesn't exist, these are the things that make people question JB's motives.
And the Manilla update doesn't take this long, JB is cooking up some other scheme to keep this going
He said he would update at another time, which could mean next month, and it has nothing to do with a LOI or MOU or any other offer, but just wait, you will see
Probably so, one of the few who can really see what's going on around here
I read the posts concerning payments or a revenue stream from NPSP, how? when the company doesn't exist?
And JB said in his NR that the Manila trip didn't produce any immediate results, but he had follow ups to do, and after he finishes his follow ups he would report to shareholders
Has anyone did any DD on the company Genesis group international? the one LBSR is supposed to be making a deal with NPSP, company doesn't exist anymore? according to Dun & Bradstreet, and biz registration license hasn't been renewed, one man operation anyways.
Maybe so, because when volume increases to the down side it usually means something negative is coming soon, insiders with knowledge usually bail first, retail investors are usually in the dark until its to late, but we'll see how it trades today and the next few, always hate to predict price trends, but overall its seems to be cratering as of late, and I believe for a reason.
The "Thrilla in Manilla" junket hype didn't seem to help any, as a matter of fact it seemed to have backfired on JB
No one knows the future including you, I never would claim to, and btw, I have no wounds to lick, never have, in regards to LBSR, but I do know a bad investment when I see one, the signs are all over LBSR.
I called Cramers show to ask about LBSR, they hung up on me and said I must be a lunatic for thinking about investing in a stock like that
That's it? very humorous, you made $50 today and lost $3000 over the past 3 years but are afraid to book a loss and admit a mistake, congrats, Warren Buffet should be worried
The definition of victory in the markets is plain and simple
Is it worth more today than when you bought it?
What say you?
The winners write the history books didn't you know that? just as history will be the judge of who is right here, an since LBSR is trading near zero, the bashers as we are called seem to be the truth tellers here, no matter how much longs wish otherwise, and the stock market agrees. look at the price at which the market values JB's 100 billion dollar fantasy
And buying more or averaging down, why not just burn it or toss it down the sewer, because at the end of this sad story you will have NOTHING
But remember one man's terrorist is another man's freedom fighter, some say basher others say truth teller
As one of the resident bashers or one of the axis of evil I should throw in my negative 2 cents or less than that since LBSR is less than a penny
high volume to the downside delivers a message better than I ever could to those long LBSR
Reading the post I am sensing a lot of panic in the air on this board and others.
But don't confuse panic with the reality and prospects for LBSR finally settling in on the final clingers on of JB's folly
Remember JB said a limited drill program was a waste of time, but maybe he will change his mind? a hail mary of sorts
He reads this board, he mentioned it in a previous NR, when he addressed the R/S discussion on this board.
I wouldn't under estimate JB and his ability to come up with a stunt to keep this alive, LBSR has been very good to him, just not his investors
Anything he comes up will be hailed as the second coming of a new day for LBSR, although the siren song they hear will be the same death march just re-arranged in another key
And ladies and gents that's known as the "Vancouver Hustle"
Read LBSR's 10-k and tell me, it's there for anyone to see, if they care to look
I am waiting now, this is basic DD anyone should do before handing someone your $$$
Here's my talk track:
So you want me to invest with you? what have you done in the past with investors $$$? NOTHING? well I tell you what, come back and talk to me when your have PRODUCED something
My basic point has not changed, JB was the CEO of a Canadian mining company for 25 years and never mined nothing but shareholders and at 72 he will probably string this along for another 3 to 4 years then retire, leaving his admirers empty handed as before.
Here's one truth about the mining business in which JB has been a part of for 30+ years.
Mostly all investment funds tell you "past performance is no guarantee of future performance", however in the mining biz its quite the opposite. JB has produced NOTHING in 30+ years in the mining biz and its guaranteed he will produce NOTHING in the future.
Except NR's and selling shares, each go hand in hand its part of the Vancouver game he's studied and mastered so well.
He's been selling shares now its time for a NR
And when someone has failed for 30 years+ I question EVERYTHING they will or have ever done
Stock options are not a conflict of interest, however side deals with the CEO and the BOD is, are shareholders ok with that? and with the allocation of resources aka salaries.
But the fact JB spent 25 years as CEO of a now bankrupt canadian mining company explains it all, and btw said company had/has a deal with LBSR, are holders ok with that?
TSX venture companies are known for one thing, mining shareholders, and not minerals.
Nothing wrong with LBSR's office out of his private home, but the company or LBSR is paying rent to JB?
Left JABA and sold company to members of BOD?
In his 25 years with JABA, they produced NOTHING but selling shares and NR's, sounds familiar doesn't it? with JB at the helm
(2)
There are 2,187,500 shares that are held by Alaska Star Minerals LLC. James Briscoe beneficially owns 100% of the membership interest in Alaska Star Minerals LLC. There are 52,575,000 incentive stock options granted to James Briscoe under the 2004, 2007 and 2010 stock option plans that are exercisable at January 31, 2014.
James Briscoe - Chief Executive Officer, Chief Financial Officer and Chairman of the Board and Director and President
Mr. Briscoe was appointed as our Chief Executive Officer, President, Chairman and a director on February 3, 2004. Mr. Briscoe became the interim Chief Financial Officer on July 31, 2008. Mr. Briscoe is a Registered Professional Geologist in the states of Arizona and California. From 1996 to April 2005, Mr. Briscoe was the Vice President of Exploration, and Chairman of the Board of JABA Exploration Inc., a TSX Venture Exchange Canadian public company. Mr. Briscoe was also the President, Chief Executive Officer and a Geologist of JABA (US) Inc. and President of Compania Minera JABA, S.A. de C.V. in Mexico. Compania Minera JABA, S.A. de C.V. is no longer active and is in the process of dissolution. During the periods of time indicated below, Mr. Briscoe served in the positions listed for the following two Canadian public companies:
Company Title From To
1. Excellon VP Exploration April 1994 January 1996
2. JABA Inc. CEO January 1980 April 2005
Didn't take long, read the conflicts for yourself:
NOTE 12 – Related party transactions
We entered into the following transactions with related parties during the year ended January 31, 2014:
Paid or accrued $6,263 in rent. We rented an office from Jim Briscoe, our Chairman of the Board, CEO and CFO, and President on a month-to-month basis for $522 per month.
At January 31, 2014 we had a balance of accrued unpaid wages of $325,367 to Jim Briscoe, our Chairman of the Board, CEO and CFO and President.
At January 31, 2014, we had a balance of accrued unpaid wages of $15,625 to Larry Liang, our former President.
We recognized compensation expense of $67,500 for stock options granted to an officer.
We have an option to explore 26 standard Federal lode mining claims at the East Silver Bell project and 33 standard Federal lode mining claims at the Walnut Creek project from JABA US Inc., an Arizona Corporation in which two of our directors are owners. We are required to pay annual rentals to maintain the claims in good standing. During the year ended January 31, 2014 we paid $8,260 in rental fees to maintain the mineral claims in good standing. The original option agreement was for the period from April 11, 2008 through January 1, 2011 and has been extended through June 1, 2013 and now to June 1, 2015. This may additionally be extended in five year periods or increments in the future by any JABA director.
We entered into the following transactions with related parties during the year ended January 31, 2013:
Paid or accrued $6,785 in rent. We rented an office from Jim Briscoe, our Chairman of the Board, CEO and CFO, on a month-to-month basis for $522 per month.
At January 31, 2013 we had a balance of accrued unpaid wages of $261,367 to Jim Briscoe, our Chairman of the Board, CEO and CFO.
At January 31, 2013, we had a balance of accrued unpaid wages of $15,625 to Larry Liang, our President.
40
We recognized compensation expense of $49,500 for stock options granted to an officer.
We have an option to explore 26 standard Federal lode mining claims at the East Silver Bell project and 33 standard Federal lode mining claims at the Walnut Creek project from JABA US Inc., an Arizona Corporation in which two of our directors are owners. We are required to pay annual rentals to maintain the claims in good standing. During the year ended January 31, 2013 we paid $8,254 in rental fees to maintain the mineral claims in good standing.
The numbers speaks for themselves, but bringing up facts about LBSR is known as bashing, interested to see how these numbers are justified, and if you drill down into some of the contracts LBSR has, you will probably find a connection to the executive suite or the BOD which is a common conflict of interest with small mining stocks
I may do it myself over the next couple of weeks, but good job of showing "the emperor has no clothes"
PDAC 2014
General Information
Total number of convention attendees = 25,122
Percentage of international attendees = 24%
Outside Canada the largest number of attendees came from: United States, Australia, Peru, England, Mexico, Chile, China, Brazil, Argentina, Germany, France and South Africa
Number of countries represented = 103
Number of student attendees = 1,252
Number of self-identified Aboriginal attendees = more than 500
Number of accredited media = 374
Number of sponsors = 61
Trade Show
Total number of booths = 665
Total number of exhibiting organizations = 420
Number of governments exhibiting = 63
Investors Exchange
Total number of booths = 572
Total number of exhibiting organizations = 543
Total number of Prospectors Tent booths = 14
Core Shack
Total number of exhibiting companies = 60
Presentations and workshops
Total number of technical sessions = 19
Total number of short courses/workshops = 13
Total number of Presentation Rooms & Reception Rooms = 27
Total number of Corporate Presentation Forum for Investors presentations = 116
Total number of Innovation Forum presentations = 14
Total number of speakers = 514P
Why PDAC? why the Philippines? LBSR is not incorporated there either? as a famous bank robber said when asked why do you rob banks? because that's where the money is! and you go to PDAC because that's where the MOST mining $$$ is! mining companies from around the world attend the conferences and present their projects looking for $$$
And btw why did LBSR present in the past if you need claims or incorporation in Canada?
Sounds logical to me
Best to stick to the paid for LBSR message board where the post are controlled and vetted by LBSR and the hard questions concerning LBSR are shouted down on a regular basis
last week was the PDAC conference where the who's who of the mining business meets once a year, all of the financiers of the business, the technical know how of the biz, the mining press and media, in other words anybody who has anything to do with mining minerals in the world shows up at this conference, but JB was where? in the Philippines? while he was on one side of the world looking for money, all of the people who finance mines and drill programs was on the other side of the world.
Curious, because he's been around for a long time and he knew this conference takes place once a year, but just by coincidence the Manila trip was scheduled the same week? curious
Someone please explain why LBSR spent $$$ on a trip for 2 to Manila, versus setting up a booth in Toronto to explain to the heavy hitters in the mining business his 100 billion dollar dream, with his breakthrough technology, why?
That's why I called the trip to Manila a JUNKET because that's what it was a JUNKET
Believe it or not for yours and all others I hope you are right, although I am considered a BASHER I have no ill will for the small guy who has invested his/her hard earned money, my criticism is directed at the misleading statements by and the mis-manangement of the company
And for that it makes you a basher to some, but I am sure there are quiet never post supporters out there, who feel all is lost, however its not, there are things that can be done to salvage some shareholder value here and not pie in the sky unrealistic NR's every month or so that leads investors on with breakthrough tech and other such non-sense before even one industry accepted technical report showing what's in the ground and whether or not it can be mined for a profit, which is years away, if ever with this company
Again my suggestions:
1. Sell off some claims for cash, stop the toxic financings
2. Tighten up the blown out share structure by R/S ing the stock, then maybe you can attract a good JV partner, the loyalist here won't like it but they won't go anywhere.
3. Stop the non-sense NR's with the revolutionary breakthrough stuff, because you have no idea what's below the dirt to use it on anyways
4. last but no least, give up project control if they have to in order to get a JV, JB had his chance but maybe someone else needs to take control to find out if the goods are really there.
These are the steps needed in my opinion to bring some shareholder value back to LBSR and not junkets around the globe in search of investors.
Now what have I said that is unreasonable? but I know because I don't go along with the party line it makes me a BASHER