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I am not a Geologist and don't pretend to be one on the internet, but JB can start mining his multi-billion dollar project in 4 years with his revolutionary technology? but it will take them almost another 5 years, why doesn't he license it to them for cash instead of the toxic financing? and the mining community needs breakthrough technology and he should leverage it to the benefit of LBSR shareholders and not keep it a secret.
Makes sense to me? LBSR certainly needs the money, and the mining community needs JB's breakthrough apparently, since it will take them another 5 years and he knows how to cut it to 4? saving time means saving $$$
A whopping 12K in stock bought today, but maybe its the well heeled wait staff from the hotel they stayed in starting to accumulate, you never know.
This is the problem with a stock priced so low and the volume low also, management has lost control and its easily manipulated up or down.
volume needs to be north of 20 million shares traded each day to even begin to have a meaning up or down, but nothing wrong with hoping, except in the stock market, where it never seems work
Now that the Manila Junket is over, its time to get back to reality, and I don't mean releasing plans for the next one, as I said before this company has some real problems, however dreaming of a trip that will resolve all problems is nice, however it's OVER, never to be heard from again
But watching the leadership here its only a matter of weeks before the next trip or innovative or revolutionary breakthrough is announced and the speculation or dream post start again without a shred of evidence as in the past
And btw many seem to be pinning their hopes on a JV as if it will cure all that ills this stock, it won't, sad to say, however this stock has been beaten down so much its due for a manipulated bounce.
Just like raw sewage, you can hold it down for only so long and eventually it will float back to the top, but it's still sewage and it still stinks.
Go LBSR
Go JB
Get a JV done now
Read the posting rules carefully. I for would be interested on how you establish a value on a company that's has not officially released any technical reports accepted by industry standards, until they do I accept the markets value on LBSR multi billion dollar dream as worth about 6 million dollars no matter how many NR's claiming otherwise, and if you do not, cash in your portion of this fantasy and see how much you will get.
As I said before there's fantasies and dreams and then there's reality and the reality here is not pleasant
And btw the market does take into account future prospects, including the prospect of a potential JV
The only ones loading the boat with this one is the same ones who think loading more lead on a sinking ship will help it float
The smart money if there's such a thing in penny stock land will wait until LBSR produces something of value before giving LBSR any more of their hard earned $$$
You further make my point because according to your post, its a penny stock and outside of the governing law, and the NR's are meaningless and shouldn't be taken seriously
Forward looking Statements and Risk
Everyone knows the risk here I assume, that's not my point, my point is that JB hides behind these facts by making Breakthough mining claims
Here's an old adage which all Attorneys know.
The large print promises you everything, but the small print takes it away.
In this case the large print is the NR's
The small print is the forward looking statements and associated risk
So what JB does is make breakthrough claims in LBSR's NR's, all before one drill is put into the ground, knowing very well he doesn't have to deliver anything, because the forward looking statements and risk disclosures protects him.
And he merely issues new claims after awhile to keep this thing going, If holders buy it fine, but I don't
And you better believe any monied investor(s) knows this, after all any JV will be signed by attorneys, be it in the mid east or the philippines or any corner of the globe
And once again I say its irresponsible and shameful to mislead shareholders without a PROVEN resource or 43-101
And maybe just maybe this is why potential investors may not take him seriously?
Thanks, at least some sanity on this board, and to top that he doubled down to 4 years to production, citing the Gunnison project, which actually will take if all goes well, about 10 years from first drill to production, not 4, incredible!
Comparing LBSR to Freeport is non-starter, Freeport produces something other than NR's, LBSR isn't even an exploratory company, JB merely owns claims in AZ
Drill in the ground somewhat qualifies you as an explorer, so not so fast
Here's why I said its shameful , if the GUNNISON project goes into production in late 2017 or early 2018 it would have taken them almost 10 years from first drilling to production, NOT 4 years as is implied in the NR, check for yourself, that's why I said it's Shameful, SHAME,SHAME,SHAME.
The NR is shameful and disgraceful, read the "FORWARD LOOKING STATEMENTS" anything can be proposed in large print but in the small print it all goes away, shameful promotion the carrot and the stick routine at its worst
40K worth of LBSR exchange hands today, so easy to manipulate this stock, by those who want to, just in time for the latest JUNKET, but maybe the Philippine buyers have started to buy? after all the mid east buyers started buying around the mid east trip REMEMBER?
Glad to entertain, better to laugh than crying out loud when looking at a brokerage account and the value of LBSR shares versus the cost basis right?
Not blah,blah,blah
but ha,ha,ha
I do believe he will get a JV at some point, but will it benefit current holders?, I don't think so, even JB said some unpleasantries could be in the future for LBSR that's out of his control, all one has to do is look at the share structure and the toxic financing to know that's true, no monied person(s) will invest here without extracting POUNDS of flesh, and that meat usually comes at the expense of current holders
CEO's, high level execs and the BOD are usually given options to soften the blow, but current holders are usually SOL or Sorry Out of Luck.
As a long term holder I would be pressing JB to protect long term holders with the option to buy discounted shares in the event of a RS or a major dilutive event to get a partner or investor, its done rarely but I've seen it done, URRE or URI recently did it.
If he made that commitment even me a major critic, would consider taking a gamble on LBSR
What's wrong with my proposal if JB is such a "MAN OF THE PEOPLE" CEO, what say you JB?, talk is cheap, please silence me by proving it.
I will start the legal verbage for you, it start like this, lbsr shareholders as of record from 1/1/2015 and before are entitled to purchase up to X amount of shares by X date at a X discount etc,etc,etc.
JB responded to my post concerning a RS in the future for LBSR in an intelligent manner, kudo's to him for that, some seem to be TICKEDOFFAGAIN by my post.
In a debate over the facts, the loser usually resorts to INSULTS when the the legs they need to stand on start to collapse, ask any debate coach, so keep them coming because you will be TICKEDOFFAGAIN
You said a deal by next weekend, if you want to withdraw it, it's ok, didn't think anyone believed it anyways, I understand your OVEREXUBERANCE towards LBSR, you want your $$$ back, which is understanderable, however it will take a miracle comeback to get it with LBSR and in the markets I have seen very few over the years
I have read JB is a good guy and an honorable person, will never argue that point because I don't know him, however regarding LBSR, some of his claims and statements regarding the potential of LBSR are grandiose if not misleading, and he knows it, however most count on investors not reading the "forward looking statements" or "risk disclosures" in a 10k but I have
My point is to end it now, sell out to another entity who can try to develop property and bring some shareholder value back to LBSR, and stop killing this company thru Chinese water torture or one bad toxic financing after another
That's been my point from day one, but I know its not popular
No, do not own any shares of LBSR now, or in the past.
If you REALLY? believe that, will you take my challenge? if a deal is signed by 3/5/15 I will disappear, if deal isn't will you? and btw I never posted that anyone with shares should give up and SELL, my posts are merely pointing out the reality of this stock prospects which are:
1. Bringing a multi-billion $$$ mine into production in 7 years is a FANTASY or a multi-million $$$ one for that matter into production in that time frame and JB knows it.
2. The share structure is BLOWN OUT and it will have to be resolved, even JB hinted it may happen, here's a NR for you, it WILL happen
3. Hay Mountain and all others are GREENFIELD properties with NO proven resources and it will be YEARS before they are, if ever, under LBSR's control.
4. Traveling around the globe for investors is NON-SENSE
5. Any J/V will be of little help to investors here, I agree with JB this is the WORST climate for miners in decades, which hurts GREENFIELD properties like LBSR's even more, there are PLENTY of miners with PROVEN resources and J/V's that are still on life support.
6. And much more
However, if you can live with these FACTS so be it, but when next year comes and you are still WISHING and HOPING for a miracle deal, remember this post, if you are looking for a miracle, go to church, you will stand a better chance of success, the markets are for realist, the church is for miracles
I will take all or nothing on the Philippines Junket, NO J/V signed AGAIN! but parties interested AGAIN!, another trip planned AGAIN! kick the can down the road AGAIN!, shake the carrot in front of the mules to get them excited AGAIN! all wrapped up in another BS NR AGAIN!
This is like a TURKEY shoot, so easy to figure out, right on at least 4 out of 5 AGAINS! or I will stop posting here. which long will take take the challenge?
The only one that could be wrong is the NR, it may not come right away because JB needs to rest after the latest JUNKET, and to plan for the next, AFRICA maybe?
Here is JB's own words, now what? its not me but him saying this:
“Question 1: Is a reverse split under consideration? I am not considering this option AT THIS TIME Even if I did decide to reverse split because of a new regulatory requirement or other unforeseen reason, I would first seek approval of the shareholders to increase the authorized capital, and there would be prior notice through our filings with the SEC. When we progress to the drilling stage and as the copper price rises, as it always does and will again, I believe our fortunes will rise as well, and a rollback will have seemed inconsequential.
Sounds to me he came as legally as possible as he could to saying it will happen in the future
Shareholder approval is a RED HERRING, very, very few R/S's that are proposed by are voted down.
And to those who say it doesn't matter, shame on you for misleading others, it does matter
I was slammed on this board for complaining that the share structure was blown out and has to be addressed in the future, now it seems JB agrees with me, what do you say now longs, or will you continue to keep your head in the sand, its a reality all can see, even JB
Sorry I forgot the cult chant!
GO JB
GO LBSR
GO TANGIERS
GO BOD
But you can sell it to NAIVE investors in the USA via NR's and that's the reason for the junkets, nice trip for JB, expenses charged to LBSR and just tell them serious investors are interested and they will salivate for another 6 months thinking they may get their lost $$$ back, mean while do another toxic financing to keep the lights on and they will just call it another necessary evil on the way to a 100 billion $$$ mine (wrong) then JB rinses and repeats the process, next thing you know 10 years have passed with NOTHING to show but a BLOWN OUT SHARE STRUCTURE
The share structure is blown out, with very little to show for it, that's a fact! where it trades will be the result of this failure to produce anything but a stream of NR's stringing investors along, sell the claims to someone who can produce SHAREHOLDER value NOW
The time for excuses is over, toxic financings must stop, Tangiers is a vulture investment company preying on a desperate CEO with a mostly passive and inactive investor/shareholder base
Time for JB to let go of his grandiose dreams and DELIVER something that will benefit shareholders and not ANOTHER junket, investors in every corner of the world has access to the internet and research and can't be fooled
Trouble in paradise for LBSR? or just another blip on the way to discovering BILLIONS in the ground? which will it be?
You have been around longer than I, feel free to update or add too as you wish, I know it's a long list
RED MEAT GLOSSARY FOR LBSR
We got REE's?
We got a 100 billion+ in the ground?
Were going to drill this baby 365/24/7 and mine in it 7 years?
We got ME investors?
We got ASIAN investors?
We got REVOLUTIONARY TECHNOLOGY?
ON AND ON AND ON
We can't prove any of it, but keep the faith we'll have more RED MEAT for you with the next NR any day now
Read comments elsewhere regarding heated LBSR discussion on this board, many congrats to JB by some on his response, but he said NOTHING with a lot of words, and it backs up the claim he knew better, but just threw out more "RED MEAT" for the long suffering shareholders whose value has been crushed here
That's a true statement, spoken by a desperate CEO, but if you can't deliver shareholder value, maybe you should step aside and let someone else give it a try.
And how many do you own? and as you can see this can go on "AD INFINITUM" however, let's not obfuscate the facts here.
With a simple plan of under $1 mil you could get samples to start proving your thesis of Billions in the ground, but the GRANDIOSE and Well thought out? multi million $$$ drilling plan makes it NOT likely you will attract an investor, and going overseas to attract investors makes no sense! when a good project with good grades and ease of mining will STILL attract investors from all over the world without leaving home.
There's an old saying that you "HAVE TO CRAWL BEFORE YOU WALK" which means start small and build up.
But from what I can see here these things are thrown out like "RED MEAT" to get small investors GREED JUICES going.
And how investors can put up with the "KEEP THE LIGHTS ON TOXIC FINANCINGS, bewilders me?
Oh I forgot, there's Billions in the ground
Point well made, but I just think the Billions+ in the ground, the mining in 7 years are over inflated and unlikely goals to be made and a responsible CEO would know better.
Part of my yelling has been in regards to shareholder value here, which has been squandered due in part to market conditions and due in part to missteps by LBSR i.e JB, can't do anything about market conditions but CEO is another matter, and the continued overhype, Billions in the ground, REE's and I am traveling the world looking for investors is a mistake.
Does not need a fancy or high priced plan but just get some samples of high grade copper, uranium or any other metal that can pulled out of the ground for a profit and investors will travel here to invest in the project.
And btw LBSR monitors these message boards
It's the over hype that troubles some, promotion is a neccesary evil but before any technical data is published, is a bit over the top, PT Barnum style
Sorry I forgot the rules of this and the other board, IF JB SAYS IT OR IF IT'S A COMPANY NR, ITS GOSPEL, SO DO NOT QUESTION IT!
Sounds a little CULTIST to me
ONE MORE TIME
I do not NOW nor have I EVER owed 1 share of LBSR, thought about trading it at one time, however DAILY DOLLAR VOLUME is very poor.
There is a reason investors are down 95%+ here, and it happened before I started posting, so obviously I am not part of some CONSPIRACY as some has POSTULATED
there's a stockholder REVOLT needed here to wake up some INVESTORS and MANAGEMENT out of this TWILIGHT ZONE MENTALITY of where NR's, WORLD TRAVEL, and CLAIMS OF REVOLUTIONARY MINING PROCESS CLAIMS, can substitute for SHAREHOLDER VALUE, in others words "IF YOU CAN'T DAZZLE THEM WITH FACTS, BAFFLE THEM WITH BS" and ladies and gentlemen there are VERY LITTLE FACTS HERE, AND HOPING, WISHING AND DREAMING has not and will not substitute for a SOUND INVESTMENT, despite what some posters from this board and others want you to believe about LBSR
If they can not DELIVER SHAREHOLDER VALUE, company's claims should be SOLD to someone who can, PERIOD! and that's why I POST here
It's a CONSPIRACY PART 2
LBSR web site headline
CAPITALIZING ON GROWING WORLDWIDE DEMAND FOR URANIUM
Arizona Deposits Have Some of the Highest Grade Uranium in the World
Totally Deceptive, play on words, gives investors the impression LBSR has some of the highest grade deposits in the world since its claims are in Arizona, DECEPTIVE advertisement because LBSR does not have a 43-101 complaint resource
This is the problem here, so much does not past the SMELL test and it starts at the web site and continues on and on and on.
I was hoping by now I would have a empty gun chamber, and could move on to another, but I just keep finding more bullets to reload with
It's a CONSPIRACY OK!
1 BILLION shares outstanding and very little of ANYTHING spent on MINING EXPLORATION ANYWHERE yet it's called a MINING EXPLORATION COMPANY?
Prospective MULTI-BILLION project they say, but not ONE LEGALLY REQUIRED document to back up the claim?
Revolutionary mining process claim, but no "PROOF'S IN THE PUDDING" projects to DEMONSTRATE it's value?
CEO, CFO and other company titles held by one person, "RED LIGHT" for any company where any such situation exist?
These are just a few examples of the CONSPIRACY.
And BTW, I have no doubt, MAYBE a little OK, LBSR will announce a J/V at some point, however it will be so TOXIC to current shareholders they will wish they had not, with the EXCEPTION of MANAGEMENT as always
Additionally, it's easy to BELT TIGHTEN after all of the FAT years of raiding the COMPANY COFFERS, how about a little or a lot of INVESTMENT from those at the TOP, demonstrating to SHAREHOLDERS their commitment to LBSR, seems to be a "NO BRAINER" to me since the claims are worth BILLIONS? RIGHT?
I could not agree more on the "CONSPIRACY"
Thank you for that, I was digging, but had not made it that far, that's the SMOKING GUN I was looking for, sad to say, my interest was peaked in LBSR by the BLOWN OUT SHARE STRUCTURE and now we no why it's BLOWN OUT, my first impression was that maybe this was an undiscovered gem, but its seems someone has their hands in the cookie jar, and it STINKS great find.
LBSR issues a PR about a company with a unique technology, posters just say PRESTO problem solved! without any DD on the claims made. what successful projects have they been involved in the PAST? how can company just make claims and people just accept it as FACT? as the famous astronomer CarL Sagan once said "Extraordinary claims requires Extraordinary Proof", lets have some, ANYTHING WILL DO, more than a PR claiming it to be true, and not a WEB SITE making the claim, WEB SITES are easily created claiming MANY THINGS, the world is full of licensed CRACKPOT ENGINEERS, DOCTORS AND LAWYERS making OUTLANDISH CLAIMS
Here's another outlandish statement, straight from a recent MD&A of the Hay Mountain project
Our goals are to drill out this body within a span of 4 years and to bring it into production within 7 years of the start of drilling. This is a very tall order, because the average time to bring an orebody into production now in the USA is 15 years.
So all of the best minds in the business take an average of 15 years, but LBSR will do it in 4 and produce in 7, I would like to know how come this REVOLUTIONARY PROCESS is not being used all over the business, let me guess, it's a secret process
I will not PARSE the word TALL ORDER, because I know it will spark outrage here, but I will just say it's a TALL ONE alright.