Often irritated, never duplicated
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"an expression of some shareholder sentiment."
This shareholder says you should definitely have your trays secured and your seats in the upright position. Imagine adding some news to the current charts and trends.
Time to climb...
Good call. Nothing here but hype now.
"not expecting the outcome to either effect shareholder equity"
It affected my equity already in a big way. I'll never trust Heil again. They looted the company, didn't bother to show up for a court date, and couldn't bother to tell the shareholders before it gutted the PPS. Shifty or inept, I don't care which; He doesn't get another dime from me.
That's no coincidence. Get ready to rumble...
All the pieces are in place for a major run.
It's my understanding is that the moratorium is for new claims.
Established claims are grandfathered in and the moratorium actually serves the strategic interests of those with established claims. It made LBSR a better investment with the stroke of a pen, since it pretty much guaranteed a diminishing supply of domestic uranium, IMO.
This too...
India's gold culture hordes in a closed cycle, building heirloom holdings over generations. Industrial gold is also taking gold out of circulation. Meanwhile nations are talking of a gold standard trade currency which would require major stockpiles abroad. There is much to support our eventual valuation.
"Industrial demand, which has returned to long-term levels, is expected to remain firm on the back of renewed growth in the electronics industry, due to the majority of semi-conductors being wired by gold."
http://www.rttnews.com/Content/AsianEconomicNews.aspx?Node=B2&Id=1483052
http://www.im-mining.com/2010/11/23/strong-outlook-for-gold-demand-for-remainder-of-2010/
http://www.diamonds.net/news/NewsItem.aspx?ArticleID=33403
China still shopping for raw commodities...
Especially uranium, which is quite literally "hot". I've been watching since alt-energy stimulus funds were earmarked, both domestically and abroad (see link). We have serious, real, demand issues for all our assets. This is a major market wave, with uranium demand news hitting regularly and the price reacting accordingly. The uranium powered reactors will be connected with millions of tons of copper wire, across China, India, Brazil. It will power industry that will demand copper, moly, gold, etc. Add a little uptrend news or a real development and we fly.
http://www.world-nuclear-news.org/ENF-Cameco_signs_Chinese_uranium_supply_deal-2411104.html
http://seekingalpha.com/article/238779-huge-chinese-demand-to-drive-uranium-export-boom
http://agmetalminer.com/2010/12/08/china-doing-to-uranium-what-it-has-done-to-copper/
http://www.commodityonline.com/news/India%E2%80%99s-pact-with-France-to-lift-uranium-prices-34229-3-1.html
http://moneymorning.com/2010/12/07/uranium-prices-surge-on-chinas-511-billion-investment-in-nukes/
"Undefined"
Gosh, "undefined" losses makes you feel a lot better about holding a bag of **** that keeps getting lighter despite the fact you can't sell it (I assume, since I already sold). Euphemisms are great.
You can make up losses...
LB*R is a sleeping giant. I'm bought to the hilt for acceptable risk. Crazy trends supporting this thing, including currency instability, record gold prices, and uranium demand with spot prices jumping. Very close to a major move IMO. Be sure to read the entire DD and links list.
The symbol is changed over to ADSYQ. Bankrupt, kaput, but somehow still trading. Dumped mine when they missed the court date and took a default judgment. This is a shell-in-waiting and Heil is apparently a snake, dumping the profits into 'consulting', i.e. asked a brother in law how to wire 6 million into his offshore account before the floor fell out, which he knew about and failed to disclose. I personally asked him in June if ADSY was involved in any litigation, pending or otherwise, and he said no. I asked specifically because I had read about his being sued by Direct-TV years ago and because it occurred to me that injecting over network content could lead to conflicting issues.
Looked like a good business model and he may still license the concept to another company, but this version of the stock is toast except for P&D games. Someone will wait for low triple-oughts and buy options to hammer it a few times.
And so it goes, right up the bagholder's equity chute.
Be ready to see more of them...
This thing will find big momentum as a penny play with huge assets.
"50k=peanuts."
Actually, 50K could be a cool million at a reasonable $20 PPS. This isn't just pebble comparisons, but a big package of strategic asset claims. Dilution aside, the timing is perfect to turn 50K into a nice pile of cash.
You're welcome...
Concur about the rationale. The adults are going to secure this United States strategic asset, and likely finance it with big multinational money like we do with everything. We've got leverage like Archimedes dreamed of. This mining district will feed world industry for most of a century and nobody's going to just leave it in the ground.
See you in the winner's circle!
So I guess our new Chinese friends aren't here to sell...
Liking the action, ready for more. I have accumulated and researched, plus took time to plan a few adventures to be financed by the good ship Briscoe. 2010 is shaping up to be a great year for LBSR, 2011 will be better by far. Drill the claims, spill the beans, grab the goodies!
"That implies that all of big chunk is worth only
16.6 million."
Implications aside, securing the deal with NAK saved this stock from residing in triple-oughts with a Q in the ticker, and was a stop-loss measure at a time when the financial climate was not so great for securing operating capital. Once done, the deal lent a great deal of comparative security for prospective shareholders, not to mention the rise to current PPS. I have no problem with a non-exclusive deal that does all of the above and only tentatively secures a portion of the claims in the pre-proving stage. This deal will look like a prescient and shrewd move down the road, unlike the fiasco with Alpha and Platinum, who may still have chains to rattle as we climb.
But the private placement and the "pirate placement" means the shares will lock down and the price will run up. Simple question; who wants some shares of the biggest pile of precious metals the world has ever seen? China? Sovereign multinationals? UAE wealth funds? Hedge funds? You?
'Nuff said.
"FJH where to stand on the JV issue?"
According to IR, every multinational or sovereign wealth fund in the world is welcome to do exactly what Northern Dynasty did, which is look at the data, crunch some numbers, and quickly move to acquire the debt and develop a JV to benefit from Briscoe's claims. We are not cornered with NAK. Rather we are in JV with them, but free to accept other offers, like the ones our intrepid VP's are seeking abroad.
I would call the current known terms of the NAK JV a default bottom rung, and as per the current terms, LBSR has the right to accept any competing offer that will pay off the debt obligation to NAK. Meanwhile, I can't imagine that the terms will stay the same as the true dimension of the assets is revealed, which is likely why we haven't seen an official announcement of the JV.
The &%$#ing MM's...
...allowed me to average down and acquire a much more significant holding than I would have had if the run to .19 had continued unabated. And as much as I think Alpha and Platinum are wretched bottom feeders, their actions brought a drop in the share price that likely won't be repeated, and I set targets and grabbed shares. Now that the talk is turning to a much higher number of potential targets and VP's hopping about the globe, I just wonder when, not if, this run will get some traction, especially seeing uranium demand fall in line with the expectations I read about last year. Time to let some friendly overseas money drill and spill, establish valuations for claims.
I have about six times as many LBSR shares as I originally wanted to buy. No regrets, but serious expectations. Try to imagine how trillions in precious metals would get left in the ground and forgotten. Ain't gonna happen. I also like the idea suggested here that the LBSR claims are a nice compromise on the environmental concerns, having large claims farther from the sensitive areas. ZTEM says they should be as commercially viable as Pebble (or far more), but they might be considerably easier to permit at some stages. Might be a strategic leverage point that makes LBSR more desirable.
All my opinion, including the opinion that we'll all be very glad we own these shares over the next few years. Onward and upward.
"Why aren't the Chinese coming to us?"
What makes you think they're not? I would be very surprised if plenty of foreign reps haven't toured properties, scanned data, looked carefully at cores right here in North America. That said, it's certainly worth a few plane tickets to lock in the commitment of some Deep Pockets.
"Wait for it..."
Agreed, and it also buys leverage...
More interested parties means more influence. In the end, the corporate interests may just tally up how many congressmen they own and throw all in, with a corporate board assembled to help write whatever legislation approves the permitting and development.. Human greed will not allow the fully proven assets to sit in the ground. I hope they do it in an environmentally responsible way, but I have no doubt that long-term it's a go.
Copper could fund the development at current prices...
It has been discussed as business model to let a JV partner mine the copper and let the claim holder take the gold as by product at the surface.
After hours still grabbing...
Help yourself guys, we'll ride along later...
"I think they got caught"
When local affiliates use the ADSY system, there may be the possibility for a person at that affiliate to program over an ad that was already paid for on a national level, which could lead to problems. ADSY may be getting sued because their product enables the violation of other existing contracts between advertisers and networks.
Just a thought...
Many thanks!
LOCN might make some holidays a bit brighter for those who bought at the right price. If the RM is announced, any price under a buck might work.
I have a position...
And it's great to see it double in size today. I had business in the afternoon and didn't expect a daily-double. Still expecting some real run from this, and apparently the buzz is getting loud.
Let's test some real highs and make the rest of 2010 worth the wait...
Can't do that...
A friend gave me the info and Sony is hush-hush about the JV, presumably because they may want to eventually acquire the company. They are a privately held bio-med in Urbana, IL, which should give you a starting point. Probably not too much info available since they are not a public concern, and I have to be discreet because someone with the info shared it with me in confidence. They are actually producing and selling the devices, no secret there, but it would be a natural for them to adapt the application to something closer to what MMTC is doing.
For the record, I am not saying that any of these scenarios are in the works or even being considered, but the possibility exists.
My Take...
I research a lot of micro-cap startups, although I am in no way a professional. I have looked at MMTC several times, but research and a chance conversation with a friend led me to a bio-med company in the midwest that just hooked up in JV with the Sony corporation. This company makes a "cell counter" that is very similar to MMTC's machine and I fear MMTC will face a well-financed legal action at some point.
The technology is very similar, just used to a different end result. Having seen that system, I can tell you that Sony will probably not like it if MMTC comes into the marketplace in a big way. Pure speculation, but I have seen what happens when a micro-cap goes up against a giant multinational.
And maybe Sony would choose to acquire MMTC instead, but that's not a guarantee, nor is it out of the question for them to sue first and then acquire, having driven the stock into the ground and made the acquisition cheaper.
All my opinion. Disregard or dispute if you wish. I like the technology and the application, but it's apparently not as unique as one might think.
Devil's Advocate...
Warrant holders may have laundered cheapies, buying shorts all the way, likely driving us to our current PPS from .19. I can't imagine anyone thinking their interests are aligned with retail shareholders at this point if they still have .10's to burn. I know this is a matter of contention, but I haven't seen any definitive info regarding their current holdings, other than it should represent less than 4.99% of the O/S.
Having a big pile of free shares to outnumber the real investors in a low-volume penny stock while buying shorts allows them to "borrow" (pronounced: Lie, Cheat & Steal) from the float and only use enough of their own shares to kill the daily buying volume and meet the price they need to scoop up the cash, so the process can be repeated with minimal risk. Remember their shares are basically free to them regardless of their warranted price.
I personally am invested based on fundamentals, and believe in the ability of the market to find a lot more than the tiny market cap assigned to our claims and enterprise value. That being said, the warrant holders have shown they are predatory bottom-feeders, operating from Lichtenstein, and basically untouchable to the SEC. I can't imagine they wouldn't exploit every opportunity to manipulate the PPS in their favor.
I'm thinking they won't have the same goals as the retail shareholders until unmistakable news forces the issue. Meanwhile, I'll be watching for those finance skanks to shake the tree the next time we get over a dime.
I would add...
When you see interest rates reach the 5-6% for safe bonds, etc, plenty of big players tend get out of stocks and soak up safe rates. Time for the remaining stock investors to hedge in solid assets, thus creating additional value for a deposit that is too big to accurately measure or value at the moment.
Heil has been in trouble before...
Part of my original DD uncovered an old suit brought by direct TV years ago. If this turns out to be a pattern, I will make it a point to haunt his future ventures and post regular links to his past illegalities to any public forum associated with his next company. I encourage others to do the same IF it can be proven that there is deliberate malfeasance here. Tolerating it and forgetting is allowing them to take advantage of others.
Did everybody leave ?
I'll watch from the sidelines to see how Heil handles this. I have no interest in riding this thing through a lawsuit. If our CEO can't even make a court date or have an attorney show up for him, it reeks of poor stewardship and bad investment for now. I have sung the praises of this business model, but I won't defend the kind of malfeasance going on at the moment.
The CEO owes every investor an honest, prompt and detailed explanation. If those consulting fees are going to a brother-in-law's company or co-owned affiliate, somebody needs to lead this guy around by the necktie and introduce his head to a solid object.
I recognize the PPS could eventually go much higher...
But I also recognize that there is a finite window for commodities to surge. Any significant improvement in world currency stability or just overall economic recovery will take some of the luster from metals, although the copper will see increased demand for a while with manufacturing picking up.
Ditched mine as well...
If they can't make a court date or detail why we have 6M in consulting, I can't own their shares. Starting to smell like an overripe scam. That's not to say they don't have a valid business model, but it can still be subject to greedy people and shady accounting.
Hey Heil, do some explaining pronto or ADSY will be trading in the .0002's.
If those dirtbags looted the company...
..I will do a little due diligence concerning what it takes to make their Atty Gen'l, SEC affiliate, and all other relevant authorities aware of this.
Prospective retail investors likely do a basic search...
I researched a bit when I first became aware of LBSR, and was encouraged that there was not a wealth of info on the web at first glance. Underexposed can also mean undervalued, so I kept looking and found the nice pile of DD here.
But these days, the same search I did back then quickly brings up litigation and court records, and red flags appear for the new investors. Unless they push on and find things like JV announcements, ZTEM data, geological data of the claims, title transfer listings confirming JV follow through, and the list of giants signed on with PLP, they likely will see this as even riskier than other micro-caps, and they'll move along.
Having seen the info, the longs here can be reasonably sure that this is much less risky than other micro-caps, and indeed much less risky then LBSR itself was before the JV commitment. That said, there is plenty for the pedestrian observer to avoid here at first glance. That is likely the reason so many of us will get ground floor investment leverage and feast for years on a few K thrown at a company holding giant claims on a giant deposit. It is also the reason we are sitting at a sub-nickel. The info will be revealed, but it will take time and many shares will change hands along the way.
We have recently seen insiders take options at higher than current prices, in the same time that private placement brings the potential for institutional investment. I know we all feel like the dog with a biscuit balanced on our nose while someone says "Wait for it...".
Just decide how much you want before you sell. If it's under $20, I imagine you'll likely get it if you are patient.
Still pretty sure that those giant deposits exist...
And now that big multinationals are proving out reserves, we just wait for enough greed and lobby pressure to build up. The questions are really, when, how, and with whom. Once the other deposits are located with drills instead of magnetic fields, there is about zero chance that the driving interests will leave it there. Giant corporations know how to stack state and local boards, fund elections, and contribute on a community level, like PPL is already doing around the area.
The claims are there, they are farther from the environmentally sensitive regions, and proving has begun. We have a deep bench outside of Pebble as well, the AZ and MX properties as well as Bonanza Hills and Silver Bell, and current trends support every bit of it. I have patience, and I have a nice position in a company that stands to benefit heavily from all of the abovementioned.
Maybe I'd be more bitter and negative if I'd been neutered...
Larry Liang's LinkedIn profile...
...Shows he is connected with the Sovereign Wealth Group (nice!), The China Networking Group, China and Asia Mining & Metallurgy Network, etc.
Sounds like a busy guy. Might take him a while to get to my Facebook friend request.
http://www.linkedin.com/in/theliang
I want to see who did the consulting...
...and whether there is a connection. If we did 6M worth of consulting and it was the necessary expenditure to get ADSY nationwide and networked, fine. If it's a shady way to launder profits away from shareholders and into the CEO's golf buddies network, there are authorities you can notify.
And I sure don't know one way or the other, but I'll poke around.
Agreed - Smells funny in here.
Management better be ready to show shareholders what we got for 6M of "consulting".