Often irritated, never duplicated
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Nice early volume...
...Surely a lot of it will be news flippers today, but ultimately we may look back on this moment and see it as the day JB walked onto the field to boot one right through the uprights.
Go LBSR!
Nor would I...
...Let's see why JB needs a new portrait. I'm purely speculatiing when I say he doesn't seem like the type to sit for a new photo unless there's a good reason. Maybe he'll be sitting on an additional board soon.
Go LBSR!
This smells like toast...
...and I've been faithful here for a while. Watching the volume rise as the share price tanks says plenty to me. Having a breakthrough technology only benefits shareholders if it is protected and promoted by a viable company with adequate resources. I don't see much here that would cause me to be optimistic about MMTC's future. I could be wrong, but my best guess is that this thing continues to tank.
Thin to Haymaker!
Nice Update...
...he said sarcastically after noticing that someone took it upon themselves to put "Buyer Beware" at the top of the LBSR message board page.
Really? With every disclaimer mandated by the SEC on every news release from LBSR, and still someone wants to tie a can to the cat's tail. Stay classy.
"Knowledgeable..."
It seems simple to me; a knowledgeable partner is required to properly assess the true risk/reward fundamentals.
I know some venture capital people who are *ahem*, 'less than bright' in the larger picture context, and plenty of them are making a killing in the emerging pot market. They are simply not capable of speculating on a deal of the magnitude necessary to divvy up Hay Mountain. Uncertainty is the one commodity nobody wants.
We need a partner who can see the geology, interpret the proxy data, weigh in the expertise of the BOD, SRK, all taken in mind of the inevitable equity rollback and the burgeoning demand for PM commodity assets that will accompany the correction. Meanwhile Cu trades in a solid zone that is at multiples of the 5-year low. I still think someone will want to drill Hay Mountain, especially given the historic grades of assays culled from nearby sites.
Go LBSR!
Congratz on the lunch money
500K trading at .0005 makes a grand total of $250 in transactions for a double-digit green day. Too bad it's just flippers and fluff. I still have a free position here, left over from the last run. Holding my breath for a chance to sell might not be prudent.
You are correct.
Rio Tinto has since announced that they may pull out of Pebble, but Anglo was first. Thank you.
That would be great...
...but maybe they could update a couple quarterlies first. The last one was apparently in August of last year. Sounds like someone forgot to turn out the lights when they abandoned the shareholders at SIRG.
This had a decent story at one point, but I suspect it's about to become one more shell on the beach of washed-up non-entities. I hope Martin had fun pretending to run a company. Maybe he can try cowboy or spaceman next time.
BTW...
...JB drilled a quick core at Big Chunk and basically fired a shot across the bow/border, telling NAK that he wasn't willing to go broke waiting for a resolution of the EPA's 'territorial dissing' match with Pebble. It was a bold move and I would guess it was JB tipping the hat and implying that he had other options that would be better served by giving NAK a chunk for their trouble so we could tie a bow on the Arizona claims.
Consider that JB methodically moved forward on Hay Mountain until all the data said to ZTEM and drill, and he made the move that forced NAK's hand well before Rio Tinto announced that they were pulling their stake in Pebble. Imagine if LBSR were sitting with one lone basket of eggs on the lonely slopes of Iliamna watching Rio Tinto wave goodbye. Instead we are shopping a new flagship project around to large multinationals and major miners. It could have worked out much worse in my opinion, and it suggests that JB and BOD were ahead of the curve with regard to reading the wind in Alaska.
The litigation was a bump in the road, but given that it temporarily blocked the transfer of claims and hence the debt forgiveness being official, I'm glad it's settled. If we get news of a drill program as the season approaches, I wouldn't want any extra ammo for those who would cry "Thin to guilty plea".
Now for the luv-o-gawd, JB, Pete, Gilby, Tracy, SOMEBODY justify my words and get us a deal! We believe in you, so howzabout giving us a truly great reason to be LBSR shareholders in 2014? Hello? Hel-LO?!?
(Chant it with me: Ooooooeeeeeegggownnnnmmmbeeeeeeerrrrich-h-h-h-h-h...)
Fiber-optics won't bring industrial power to western China...
...and that's the last pool of consolidated cheap labor on the planet. Multinationals already want to bring the farmers in from the fields to work in a largely unregulated bottom-wage conditions. I doubt the enterprising Chinese government will disappoint them, especially since said corporations will build their roads and much of their power grid expansion.
Then consider the uranium that will power the new grid. Look at the stimulus mandates to build new reactors and power the rest of the rural provinces. Think it won't happen? Assets like cheap labor, rail/port logistics, or huge mineral deposits can only fall so far before someone sees the value and makes a move. It's one of the few contexts wherein greed truly is good, i.e. do unto Hay Mountain before your neighbor gets there first.
BTW, you can't wind motors with fiber optics, nor armatures, voice coils, heating elements, wirewound resistors, solenoids, linear actuators, transformers, or copper IUD's. You can't wire a house with it, or a factory, or a hospital or university or an entire city springing up like the do in China every few days.
Copper is the ideal match of conductivity and tensile strength, better than steel, silver, aluminum, or any other comparable material. Give the geniuses another few decades and graphene compounds will likely rival copper at a more attractive mass ratio, but for now the multinational greedy will not get to exploit the willing Chinese and their resources without a big push for copper and Uranium.
Now go back to your copper-traced circuit keyboard and think up a clever response.
Go LBSR!
Read about ECOS last year, liked the story...
...but now something smells like toast. Good luck to all here.
"Dude I am not bashing rather ASKING..."
Asking requires a question mark, not a "period". Can't wait for the drill plan announcement. Go LBSR!
And should they "dump for peanuts", oh well...
...1M is barely dilution at this stage of the game. Go LBSR!
The Lien Against the Claims was Telling...
...MBGS wanted a piece of that action, and now they can have a nice million share nest egg, plus the warrants if they are real believers in the claims based on their insider experience.
Go LBSR
I tend to agree...
...But I want to know what the amount is that we are paying the subcontractors, as well as the write-down for losing the base camp.
And I have to wonder if the million shares and warrants (modest $ totals at current PPS) were a a little icing on the cake between two deep-insider parties who both understand that said shares will be worth exponentially more in the (hopefully near) future.
And perhaps that's the real reason for the lawsuit. Regardless, we move forward with the claims transferred, the debt forgiven, and the drilling pending. I'll be traveling in June and hope to see LBSR paying for my vacation by then.
Many thanks to all the generous folks here who keep things real. You fortify my faith that we aren't just wishing down a hole.
Can't Wait to Hear About Drilling...
...Physical gold deficit being manipulated heavily, China amassing many gold tonnes in the last year. China decided to have a recovery in 2009-2010 and brought the rest of the globe along for the ride. I suspect their increasing gold demand is in response to the continued currency dilution worldwide. China seems to still hold enough sway to set the trend and I'm betting their buying will spur acquisitions and mergers in the exploration sector. Watching gold return to near $1500/oz will light a fire under the majors to replace their declining reserves.
Arizona has been a better bet than most regarding economic geology and permitting. Seeing Bingham canyon offline was a big splash to those in the know, and that mine was declining anyway. Logistically Hay Mountain is very desirable, and someone will want to know what's in the ground. Processing, roads, rails, and a clean shot to the port of Los Angeles are all available for the ore, and the mine will be spitting distance from established mining districts that are proven and permitted.
I like our chances of obtaining funding for the drill program this year. Gold will probably rally later in the year, but if China demand continues we could see Au climb steady through the summer as well. Looking around, it seems the shakeout in gold was well orchestrated and completely out of kilter with the true underlying market forces. Go figure...
http://www.silverdoctors.com/10-of-us-annual-silver-supply-just-vaporized/
http://www.forbes.com/sites/shuchingjeanchen/2014/03/18/chinas-secret-vaults-where-is-all-the-missing-gold/
http://www.kitco.com/news/2014-01-07/Chinese-Gold-Demand-Strong-At-Start-Of-2014.html
http://www.gold.org/supply-and-demand/gold-demand-trends
Friday-After-5:00 isn't the kind of news I want...
Just sayin'. If you have great news you generally don't dump it late on a Friday. I'll gladly wait until next week for some serious positive news.
Go LBSR!
Thanks, Eli's...
I'm still hoping that we won't get the kind of news that hits at 5:15 on a Friday. Got any feel for the situation, or a best guess?
Wonder what the update will be...?
And seriously hoping it isn't the kind of news they deliver after 5:00 tomorrow.
And yes, every single time I click ANYTHING on this site I get an automatic tab opening redirecting me to tradespoon. It seems these advertisers don't understand the concept of annoying someone so much that they remember your company as a place to avoid at all cost. Nothing like having to close 30-40 tabs just to read through the day's postings.
Geez...
Anyone else have that incredibly annoying Tradespoon pop-up destroying their Ihub experience?
"...perhaps more depending on grades..."
Agreed, although I would add that an attractive POG couldn't hurt our story, ditto for copper, especially if our mineralization resembles Mission-Pima.
2MM...
...If I may inquire, I seem to recall you or one of our other 'emeritus' longs posting some info about the heady ride for juniors after the January 1980 gold spike, i.e. some of the tiny players that got funding based on $800/oz gold and then saw massive appreciation well past the all-time high gold prices of 79-80 when they finally drilled their claims with partnered money through the 80's. Do you have any links to that sort of info? Seems it might be timely to review it again.
PS- I have been patient but somewhat dismayed over the past year with the pace of things. I'm a big fan of cold hard science and we have that in abundance, but it seemed at times that the delay at Pebble and the ugly climate for junior explorers in general was suggesting that we could go the way of 1000 others non-trading in he trips. I've been soberly considering selling a large portion (for me) into any double digit run to recover some cash I have tied up here. Tough pondering after all the DD and scraping together of my modest position. Protection of capital vs. knowing what kind of leverage is here if the ducks march straight, etc...
Thankfully recent news has a lot written between the lines. Given the confidence in not needing S1 for drilling, we better see some diamond cores spinning ASAP or the news will ring a little hollow. That said, I see a lot of recent articles indicating that if the economy roars copper is a year behind supply, if the economy stumbles, gold has already bottomed.
And I echo the sentiment expressed here earlier that the gold angle at HM has been underplayed, maybe because the sector lost some luster with declining gold prices. HM sitting in the heart of Tombstone/Bisbee geology with geophysical and ZTEM matching Mission-Pima and their 77M tons of ore to date probably means a real strike. But, Mission-Pima is described as producing very little gold, so let's hope we don't match them quite that well.
Best to all! I want this to be the year that longs are rewarded. It can still happen in a big way, but it will require big progress. History says the smartest geologists that hang in there become wealthy following the same cycle we are in right now. It's tough to keep the faith this late in the game, so any historical data showing how the smart juniors turned out after 1980 would be great to see.
Gratzi All!
SN
Now Let's Watch the Real Game...
...Briscoe and team need to seriously get some funding in place (perhaps some "tentative" funding that was waiting on the SRK) and drill like R. Lee Ermey.
I don't post here much anymore, but I read regularly and have great appreciation for the contributors here. It looks like the farsighted investors may be seeing vindication in the not-too-distant future. I myself will be glad to recover some cash from the smaller positions I acquired to average down and trade. Still planning on leaving the majority for the left side of the decimal.
Wait for it...
"...So I would rethink any belief..."
Having spent time in Europe, having European friends, I would consider the difference in the European market to be profound regarding preventive care. Your assertion that Solos technology has no tangible advantage over existing methods reminds me of the guy who thought satellite technology wouldn't be of much use to weathermen who already had barometers. No vision.
The don't give CE mark status to technologies deemed to be of no use to anyone. Apparently the EU liked what they saw and stamped their approval on the Mammoview technology from SNDY.|
Time to make some more money...
Gratzi...
...Nice to have a reason to check in. I am certainly curious as to whether they have new partners in the wings. The advantage of the Mammoview over existing technology provides massive leverage and ideally massive enterprise value to a suitor who can effectively market the device. It's time...
Nice to see the next chapter shaping up here...
...Bought in at .001 back in 2011, covered my cash and took a nice profit on the run, ready to watch my free shares pay off some more as the world finds out about Solos taking their preventive technologies into the EU marketplace.
Wait for it...
"...what will be said when this fills the gap at $.0155?"
Thanks for my new trading position is what I'll be saying, and I'd be happy to turn a few week's salary or more watching my new .015's turning into .03's, .04's and beyond.
Gaps are fine for geeks, but fundamentals point to a serious undervalued status for LBSR claims. Maybe I get the .015's, maybe my core position is glad when we don't...
Consider the host geology as well...
...Alaska has glaciated basalt, which can be box cut with basic equipment like dozers and hydraulic shovels, while Arizona will be hard-rock mining involving blasting.
Pebble is huge and features economy of scale due to not only the size, but also the relatively favorable host geology (if they ever get to mine it). Arizona will hopefully have large scale and better grades since the host geology is a bit more challenging.
That said, the year-round favorable climate combined with a mining-friendly economy should make Arizona a great place to develop claims. C'mon, JB, let's put this one through the uprights and raise enough cash to drill the remaining claims as a solo entity. The loyal shareholders are ready!
Go LBSR!
"Got locked out for 2 weeks as management sold off"
So let me get this straight. You have seen this company RS before, got screwed as a bagholder, yet you bought in again and currently hold "millions"?
Wow, I'll be sure to follow your prescient advice, since you've clearly established your expert investor status here. Or maybe you should sell now before the next big, scary, pending, imminent any-day-now-wait-for-it-oh-GAWD-here-it-comes SNDY RS. After all, you're ready to kill the entire company with your dire threat to unload your boat.
Tell us, oh Carnac, the secret hidden in that barrel you wear.
Go SNDY!
If I may...
IF Hay Mountain is indeed a $100B deposit, and IF a partner emerges to delineate and mine it, and IF LBSR can strike a deal to retain just 10% of that valuation, the market cap could hit $10B on this single project. Current share structure would reflect that at about $12/share by my admittedly weak math.
Of course IF the ensuing interest reflected favorably on other projects and some of that market cap was used to prove and package those claims, perhaps with a retained and ongoing position in the project(s), that could go much higher.
And that, in a nutshell, is why I'm here and have no interest in selling my recent .01's for a quick double. Iffy logic? We'll see in time.
"...in these pinks."
Please don't imply that LBSR is a pink sheet exchange stock. It is not, and clearly that term is misleading and negative. We are traded on the OTC-QB exchange, requiring full and timely reporting.
Facts matter.
*Thanks, Elis. I guess you'd know about the "QB".
Did it say how many shares?
"...first great run was accomplished with much, much less..."
Not to quibble, but wasn't it precipitated by an actual signed JV with NAK?
I always enjoy your posts and I don't want to seem argumentative, but I believe that monstrous run was the result of a serious material event. That said, we could easily see a similar event emerge from the recent activities involving NASEBA, which I suspect is the catalyst for all this recent buying.
I am anxious to see the ZTEM results when we announce a drill plan, and I am curious as to how many actual drill targets will be revealed. Exciting times here to be sure. Ideally we will be sitting over a dime when the real news hits and sends us higher by several multiples.
Thanks for being one of the good guys here, HKipp! I still have a copied document from one of your old posts that was a serious revelation for me at the time. In time I'm sure it will prove to be of great value to me.
Go LBSR!
.10 warrants may be looking pretty good soon...
...and they would certainly come in handy to fund some scout drilling and assays. A few more days like this and we may be testing that theory. Hard to imagine that this buying pressure isn't coming from smart investors who attended NASEBA.
Serious volume increase...
...and I suspect this is just the opening act. Once we get the whales well fed, there is likely some serious news coming to springboard the new price range. JMO.
Go LBSR!
Yes we do...
...and I'd like to see the volume top 5M by 3:00.
On Another Note...
...I doubt JB will get through the presentation and Meet & Greet process without informing a few of the NASEBA folks about our other projects. Certainly most of them will be aware of Pebble, and some deep-pocket lobby may emerge to remind others that there are adjacent claims near Pebble that offer a more environmentally sound approach to creating a mining district near Iliamna.
Much could happen from this new adventure.
Go LBSR!
Targets indeed...
...And the last time LBSR analyzed ZTEM data, a JV came out of the blue and sent the stock on the kind of tear one dreams of. I wouldn't be the least bit surprised if another offer comes soon after the ZTEM results are complete.
Go LBSR!
"...no professional money is being put up..."
Funny, I seem to recall some fairly recent private placement announcements that funded at least part of the ZTEM, and those are official public disclosures registered with the SEC. The people contributing $50K a pop to LBSR have to be accredited investors, which involves a lot more than giving themselves the name "Multi-Millionaire" on a message board. You should look it up, as it says good things about serious investors who are seeing potential in Liberty Star and their management.
Accredited Investors
Under the Securities Act of 1933, a company that offers or sells its securities must register the securities with the SEC or find an exemption from the registration requirements. The Act provides companies with a number of exemptions. For some of the exemptions, such as rules 505 and 506 of Regulation D, a company may sell its securities to what are known as "accredited investors."
The federal securities laws define the term accredited investor in Rule 501 of Regulation D as:
1) a bank, insurance company, registered investment company, business development company, or small business investment company;
2) an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;
3) a charitable organization, corporation, or partnership with assets exceeding $5 million;
4) a director, executive officer, or general partner of the company selling the securities;
5) a business in which all the equity owners are accredited investors;
6) a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase, excluding the value of the primary residence of such person;
7) a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
8) a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.
www.sec.gov/answers/accred.htm