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As always s4s, your DD is stellar-
The story has only improved since NAK stepped through the door. It has been easy for me to buy and continue to buy as the price steadily dropped on low volume. The minor dilution steps along the way are an acceptable way to keep cash on hand and bide time.
As commodities dropped and all the non-sense about commodity demand waning, I only needed to compare the commodity trade to food, fertilizer and grains- no way will any drop in price be anything but a brief profit taking event by market traders. The charts on all of these will continue from lower left to upper right.
I agree totally with Jim Rogers- own commodities- if there is an economic slowdown, world economies will print money and inject liquidity (thus prices inflate); if there's a recovery, demand will push prices higher.
This has been a relatively either trade, and during any PPS decline, it's even easier to add and bring down the PPS cost basis.
If we do see another dip, I'll be adding a boatload to my tanker. I expect many others, both here and new, will take similar positions.
The song remains the same... I like what I own.
I was hoping to see 2 cents again...
but sentiment seems to be changing. Next week, I am ready to add more on any meaningful dip... but news could negate any downward move. No matter- as I have added continually and have a sizable position.
I keep looking at the market cap and the NR's and think JB and the crew are not standing still. Too much value is not being perceived by this market. Happens all the time.
Copper and gold are moving in one direction...and that, I feel is the bottom line.
Liking what I own and wanting to add more.
Just biding my time...
and waiting for the negativity to free up another lot of shares. Cannon is loaded and one more dip is all I want.
Like I thought, Copper is going to do it's dance throughout this election year. Business is "risk-on" and this time it will last long enough for business relationships with LBSR to flourish.
Still like what I own.
LilPuppy...
May God help keep that smile forever on your face...
Hammer
Look at SAGE go....
right down the Sh%tter...
Best news we've had in awhile was keeping what is ours and watching the company we keep. I'm fine with Nak, now let's find someone comparable.
Seems to me buyers are wating for something to light the fire. Sellers are few and far between as big brother Copper keeps rolling higher.
Still like what I own...for multiple reasons. Hoping Briscoe has learned his lesson and gets financing done right.
All juniors and explorers are watching for the tide to turn. We have more than most and will lead when it happens...IMO
Look at our big brother- NAK...
All aboard!
Follow the copper trail.
Looking for that one leg down for one more major entry point.
Alleluia!
Ding Dong the witch is dead! However you want to say it...
The folks at SAGE would have effed up the whole Uranium story.
I know, I know...We don't have anything yet, Briscoe is grinding it out. Lots of critics daily. Eveyone waiting for a 20 cent pop...laughable...
I see lots of struggles ahead but...
the song remains the same.
I like what I own. And if this nonsense continues to erode the price, I'll double up in February.
Chart and Copper tell me it's coming!
Adios SAGE...
and Board of Director Chairman- Barry Honig. You pick up the odor of those you sleep with. I'll bet I find more gold in my teeth than SAGE will ever mine on their claims.
Whew! Much relief that Briscoe came to his senses.
Check out the price of SAGE and LBSR in 6 months or 6 years.
Our story is getting better...again.
Now get back to work Briscoe!
Looks like .017 is flirting with the new recent low while nothing has decidedly changed.
Money is tight but raising cash flow to stay in the game is easy with modest dilution.
Copper has reversed and $3.50 is the new sub $3 range. Gold is again being accumulated.
All in all, I think I'll double my position over the next month or so. What I risk, I can afford. That's the penny story as I see it. Those who can't afford the pain, turn into a crying shame. Tsk! Tsk!
To me NAK is ready to make a move soon- onward with the permitting. Pebble is still the name of this game. As far as SAGE, they're flirting with disaster and need us far more than we need them. If they are never heard from again, no harm, no foul. Look at the last PR. Our uranium claims are fine just sitting.
Still like this song and dance.
I think the Sage deal....
is dead in the water- SAGE has there own problems.
JB is dumping to raise cash...I can live with that as it is expected with a low cash balance.
Either news comes or we flop.
I still like what I own and will load more as we slide.
Market Cap is still too low, IMO.
Another good day to ADD-
PR was good and shows they can raise cash on a whim anytime. I am fine waiting this out. Bought a bunch last time it dipped around 2 cents and will do so again. Keep selling, weak will be replaced by strong.
Continued...
One, we know LBSR is running low on dough. This is the nature of all pennies as some are P&D, while others have some chance of redemption. Two, these tidbits of raising capital are a welcome relief to the days of massive dilution and giving away sub-penny shares. I am pleased that warrants are for considerably higher strike prices than where we're at now. Let them come. Three, JB is doing the obvious as he plays out his hand, still believing that time will eventually be an ally as we get closer to an action plan for the Pebble/Arizona.
This is a high risk play. All those who think otherwise or ontherise (pun intended), seem to forget the inherent risk of unlimited upside with a crash and burn downside.
My thoughts are clear, investors will keep coming to the trough...
Today, another positive regardless...
of how you want to spin it. We know several things FOR SURE.
What catalyst will be next...
Either more of the same OR the SAGE deal goes through with some added fanfare OR something unexpected...
For those of us who who believe the PEBBLE/NAK story means something positive, we'll be here throughout 2012 biding our time.
I see nothing to change my longer term strategy...maybe at some point I will but for now, the song remains the same.
Here's an indisputable truth I am going to Hammer home-
Merry Christmas to all!
Hammer
But I did...
and at .019 and .02, .021, etc.
Don't pay attention to me or any one pumper or basger (like the biatches here who float around trying to make their worthless selves feel less worthless).
Just follow the news, even when it lacks, and follow your gut. Know that NAK has and still does want us in their back pocket. Know that the Pebble is probably going to be one of the biggest mines in the world, and for once we won't have to import the resources we desperately need ourselves.
Also, know that SAGE may be a big question mark of dubious character...but they need us (who have much more in potential and integrity, I might add) more than anything right now as their story lacks major credibility. I am going out on a limb but think the NEWCO deal will somehow go forward and they will open their wallets to fund some of our future endeavors.
All we need to do is hang on and let HDI,NAK and the big boys work their magic on the Alaskan powers that pull the strings.
If someone wants to sway you and tell you this stock is ready to flame out, know their intent...because they are doing you and anyone who wants to listen- no favors. Also know they are wrong. This song remains the same. Onward.
And I said the same at 2 cents that I'll say at 20 cents.
Our funding is in the Bank...
SAGE will now jump all over the $5MILLION investment at 2 cent warrants (of which they will not be able to sell for an extended period of time) and like I have repeatedly said; they need us more than we need them.
MONEY IN THE BANK
BAM!
Including me.
Pebble is still our friend.
We have a lot to sell if we need cash.
Market cap...look at the market cap...peanuts!
Probably SAGE...
They know how to play this game.
If this things closes up for the day...
Redemption!
I have been thinking...
this dog has lost its bite, as everyone here is so quick to note.
What happens if they do have sufficient cash on hand and the SAGE deal goes forward along with funding?
How low do we go before others begin to see value and block out/or dismiss the negative sentiment on this board? Is CEO Briscoe really this bad at what he does? All I see is he's having the same problem as every other CEO in this industry.
I just don't know. One thing I do know, Pebble still wants what we have.
This is painful but I have seen it many times before. One thing I learned, don't trade on fear.
Tick tock, tick tock...
We crash and burn or survive and thrive...
Not one person anywhere, perhaps even JB knows for sure...
Toss out the charts, save your breath...it's an unknown until someone partners up...
Holding mine as Pebble is my friend.
What I got, I can afford to lose, or hold until hell freezes over...
Only an idiot could F%*k this up and I don't think JB falls into that group.
I AM ROFLMAO...
and just keep adding. Let it go down some more, I ain't here for a picnic.
Impossible for LBSR to go under, insolvent, etc. At least that's what I know. Anyone selling on that news is about as smart as those buying thinking it's going to $5-10 dollars.
Look at the volume, look at the charts. You want to buy at the top, then dump now and wait awhile. I'll keep bottom fishing. The only fear here is the 30, 40, 50 or so traders flipping their 3-4 million shares a day.
BTW, everyone who blames Briscoe, keep piling it on. I love it. He's the only business man in America having trouble getting funding. Pressure the old geezer. I'm sure he lives on IHUB chain smokin' all through the night. He'll never get a dime, he'll fail...that's right...lather it up!
SAGE, GAGE, RAGE....it's all a game anyway.
I'm living next door to some really rich folks... and now they invited me in...
Cheers!
I added.
EOM
I think SAGE needs us a lot more than we need them.
Game changed today.
Copper is back...
Here are the filing comments...
We shall learn soon enough if SAGE is for real or burnt toast-
From Sept.7.11 filing- for the "Bridge" financing pertaining to SAGE and LBSR:
II. Bridge Financing.
1. Sagebrush has advanced $100,000 to Liberty Star (the “Bridge”) to pay assessment work on some of its Uranium Properties in Arizona.
2. In consideration for the Bridge Liberty Star shall immediately issue to Sagebrush 5,000,000 shares of Liberty Star common stock (the “LS Shares”) and 5 year warrants to purchase 2,500,000 shares of Liberty Star common stock at an exercise price of $0.04 per share (the “LS Warrants”), The LS Shares and the LS Warrants shall be subject to customary protections from material events and recapitalization and shall be subject to full ratchet anti-dilution protection in the event that any lower priced issuance by Liberty Star is made while the LS Warrants are outstanding, provided, however, that in the event that any greater protections are afforded to investors in the next financing of Liberty Star expected to be in an amount of approximately $5,000,000, the LS Shares and LS Warrants shall be entitled to the benefit of such greater protections.
3. In the event that the Reorganization and Private Placement are not achieved by Sagebrush on or before December 31, 2011 Liberty Star’s obligations (other than the obligations under Par. II.2., above) under this Agreement will terminate in Liberty Star’s discretion and Liberty Star will have the full right to retain its Uranium Properties.
I am suspect like many here, but I still HOLD as I piggy back on NAK. Also, if Briscoe can work a deal that doesn't suck, now would be the time since he has huge leverage with NAK's filing and knowing their support makes us more legit than SAGE...by a long shot. Call me Jim, I'll head right over to the office and help you get this deal RIGHT. BAM!
Here's something for Big E to sit on....
It may stimulate his appetite.
As far as the LBSR story, only time will tell if funding makes it a reality homerun...and so far NAK is stepping up to the plate. Will someone else take the bat? maybe ...maybe not
By the way, classic pic!
Geeezzz- you can interpret the NAK news either way...
...I guess. But how would anyone feel if they packed up, paid for nothing and said adios to LBSR.
Of course this news matters and is excellent! Remembering that Pebble is a long ways off, we just want to be included along the way. If LBSR is present when the first permit is approved or better yet when the first drill bites into PEBBLE, then a 2 cent PPS will be the talk of legends.
I take it for what it's worth- good news is good news.
Wait for the after lunch crowd to join in...
Other news will come soon, and I expect it to drive the price higher.
Predicting over 3 mil in volume today...
closing over 3 cents at least.
Our joint venture with Northern Dynasty is in tact.
Foolish sellers, market manipulators and fat pizza eaters will not be able to slow our MOJO.
Read the 8K again and again. This is several years that NAK has paid for LBSR's claim fees and the time is near for funding- possibly from several sources.
Even without SAGE we are good, if they join the party- look out!
I think we close solidly higher over the next 2 days.
Read my past few posts- this NAK news in the recent 8-K can only be interpreted as outstanding news. They want us in their back pocket for the same reason they announced a tentative JV back in the summer of 2010.
Now we begin to wait for even better news. If financing comes for drilling, we are golden.
Resurrection and Confirmation VS. termination
For investors following LBSR, once again the 8-K release Friday afternoon is outstanding news. Perhaps those with a less optimistic view would have preferred to see NAK terminate our relationship and call in their note due- sorry but it ain't gonna happen. They still want LBSR in their back pocket. I also think a buyout option vs. a joint venture with LBSR is equally as possible with any suitor as management moves forward.
The language and terms of the NAK note are rather generic from a legal standpoint and to me, show a general relationship that is fairly supportive. The note and terms could have easily been crafted with much more of a toxic tone from the lender's standpoint.
I'll say it clearly, of course there will be a dilution of some sort as we move forward, which is exactly what we want. WE WANT others to have skin in the game and financially assist with drilling core samples and further exploring our potential. The market has already priced in dilution, IMO, as we have dropped almost in half form the previous range of around .038-.04 back in August and September.
I am still expecting some financing to be announced in some capacity before the end of Q1-2012.
I'll wait and keep adding on this ridiculous volume if it continues to drop. No large shareholders have been selling.
NAK just confirmed what I had always expected.
I think today's news is OUTSTANDING...
NAK can't do anything with us until they get their own permit process going and approval is granted (or very likely-95%+ granted). All of these payments are buying them and LBSR time. We are free to look for other suitors (offers) and yet they still have us under their wing.
The story of raising cash for other business operations still exists and will be the next hurdle to overcome. If SAGE has any legitimacy, and in fact turns out to be invested in our success, then all kinds of possibilities exist.
I am much relieved today to see NAK is, and continues to be, what we had originally hoped for. Their mission along with its success to develop PEBBLE still leaves us with an enormous unknown upside. IF RT and NAK wanted to pinch us, now would have the time. JB and RT must have something going on. Remembering too that JB and the BOD are underwater on the options and are feeling the pain just like shareholders, means they must be working OT trying to find a fix.
I think the market is going to notice this news and receive it favorably over the next month. By the end of December, will SAGE add to our upside- is still an unknown.
Lastly, although we have been beaten and hammered, so have markets throughout the world. This may be seen as bad news going forward, but perhaps it will result in huge liquidity injections worldwide, which will help our commodity claims nicely. Either the world goes into chaos, wars ensue and social unrest explodes OR money is injected in the veins of all broken economies...??
I still like what I own and have been buying steadily in the low .02's and below. We aren't finished...by a long shot.
Enjoy Black Friday knowing 2012 will put LBSR well into the Black.
I have...
and it ain't happening.
Watch and see who pays the claim fees...next on the agenda.
s4s- Send me an email, my friend
jav5mjm@yahoo
But they won't IMO.
We still have all that matters with NAK...and that is our long term meal ticket.
And as we work to get funding for our other properties, the story will only get better. I bet we see the same sellers return as buyers in due time.
I bet we hear that NAK is paying to renew our Pebble claims in the near future.
I BET CHA!!!
Here's my take on today...and funding
Financing is the main issue, paranoia has set in and many are bashing creating fear that LBSR is broke. I don' think so... not by any stretch. I think they have something lined up (perhaps with SAGE) to keep them funded and when news is finally announced, the market will smile.
Now we have an actual drill plan in 90 days for Hay Mountain/Arizona which is better than where we were at before today's PR. Let's see if NAK pays the claim fees for 2012 on our Pebble claims. If so, that is going to be good news. Also, the company has many options to monetize their business activities, from dilution, to partnerships, to joint ventures. We are far from dead in the water. And with a miniscule market cap, dilution doesn't bother me if it loads up the piggy bank. We just need to survive until permitting begins on the PEBBLE.
I also think that Othon is gone because he wasn't needed anymore. When you can't help the company anymore, your services are no longer needed. He probably did try to see if anyone overseas had any interest. It is a tough market for all explorers. We may be in the mix with the rest of them, but the question remains, do we have more to offer? I still think we have a lot more than most.
Thanks for the shares below .019- as I keep taking what the market is giving. Same old story- it's taking forever but it still looks worth the risk.
I loaded in the .022's last dip...
thinking it's a bottom based on the 2 cent warrants that were thrown our way if we this whole SAGE deal has any legs. Plus- The Board makes NADA until this rises above .038 on their warrants.
Who the heck knows but I STILL LIKE WHAT WE OWN.
Someday- genius or dope?
At this point, WTFK?
s4s- hang in there...
We expected better but we still have a lot to offer. In time, my friend, in time.
Another dubious Pump...
Read the whole release...see how they slyly add Doug Cass's name to give the article some bona-fide hype. $1295 paid for this release which means nothing, nada... the whole SAGE story wreaks of an odor and I hope we aren't dragged into their hole.
One thing, so far, that I can live with is that CEO Briscoe hasn't resorted to these tactics. He leaves us in the dark, yes, but has been cautious in trying to inflate the balloon. Ultimately, a drill and positive results will drive any junior higher...that and of course a joint venture with deep pockets.
I am watching and suspicious of anything related to SAGE, although, they may be up to something that finally results in legitimacy. We shall see...