Often irritated, never duplicated
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Or...
The Powers That Be may have looked at some cores, realized that instead of the branch, they could arrange to grab the whole tree while it was still unappreciated (literally).
And if the more lucrative claims ended up being on LBSR property, further from the environmentally sensitive buffer lands between Bristol bay and the mining operations, it might make sense to make a serious grab for these new claims just to ease the early permitting.
There are a lot of reasons to believe this thing is ready to fly, and the reasons it could fail have been reduced quite a bit over the years. I'm glad I grabbed another batch today.
"Patience GRASSHOPPER !!!!"
Patience my soon-to-be-wealthy @$$. I got impatient and bought enough to significantly reduce my average today, and at .003 above the daily low! I won't feel so smart about hitting today's bottom if we dive tomorrow, but I officially have enough shares to be very comfortable if this thing hits close to a true valuation someday.
It had everything to do with a calculation based on my acceptable risk cash pile minus broker fees. Numbers revealed I could add 25% at below my original buy in. Tough call...
Thanks to those who have linked or posted the recent ZTEM background and analysis articles. Science is knowledge, knowledge is power. We're about to exercise some of that power over the folks who understand day trading better than geology.
"we should have support right around where we are now"
That's why I increased my position by 25% today. I've been waiting for this level for a while. 6-7X the Pebble Deposit under a nickel = Time for me to greedy instead of fearful.
Let it slip a bit more and I'll have orders filled. It's going to be a golden autumn...
"still kinda wondering why the market hasn't picked up on this"
Call me an elitist, but most of the public is scientifically illiterate (speaking as a US citizen, and no offense to the wise-but-unschooled worldwide).
John Q. Market reads charts, and headlines, and articles by Motley Fool and PennyPumperPix.com. Not too many of them can read a post from OMO and know what they are looking at if you are talking about porphyry deposits in glaciated caldera formations. They don't understand the proprietary components of elements that cause them to make predictable anomalies in magnetic fields. Ditto for commercial land title transfer recording documents registered publicly with the state of Alaska. There are a lot of traders with decent number crunching skills, but they don't have a clue what actually drives the value of this thing like the geologists at NAK or HDI, who looked at the data and immediately made preliminary arrangements to work with LBSR. Do you really think the frantic day traders have anywhere near the sense of these scientists who work successfully for years in this narrow and competitive sector?
In the penny stock world, it is easy to find ridiculously overpriced non-companies that somehow have millions of dollars in imaginary market cap based on hype, but no product or revenue. Because of this less than sterling repute, assets being seriously underpriced can also be hidden behind attitudes about unsafe penny stocks. Large institutions aren't allowed to invest here, so without deep pockets and serious analysts onboard to read the facts and scoop up cheapies en masse, there is serious volatility and stupid prices.
Unless it suddenly becomes easy to locate lots of gold pits with the potential for 6-7X the Pebble's deposits, this is a great opportunity. Reminds me of that lone receiver who escaped his defender and waits unnoticed in the end zone for the long ball.
Like us, he has good hands and minimal coverage.
Informative article regarding ZTEM...
It seems that magnetic field prospecting is now successfully going underground as well, opening old mines thought to be commercially dead with magnetic data from smaller mobile units. Sage seems to have acquired quite a list of prospective claims and revived mines using ZTEM.
"This new ZTEM system relies upon the naturally occurring electromagnetic fields created by worldwide thunderstorms as the source of the primary electromagnetic field. The interaction between this primary field and the varying electrical properties of sub-surface rocks result in anomalous fields which are measured. The lower frequencies of the primary field penetrate much deeper than more conventional electromagnetic systems allowing the search for deep seated, large zones of elevated conductivity. This elevated conductivity may be indicative of areas of base metal mineralization."
http://ca.news.finance.yahoo.com/s/07102010/28/link-f-ccnmatthews-sage-gold-inc-airborne-ztem-survey-onaman-beardmore.html
Got a number? I can't seem to find a subscriber count.
"Northern Dynasty has to expend, roughly, another usd 700,000"
I have no expertise in exploratory drilling, but I bet 700K would be enough to get some done, and I'd also bet that Briscoe and his ZTEM data could show you a few great spots to try...
So NAK can find what they need and recover their cash as 60% of the proceeds, or nurture LBSR along as a major holding, knowing they hold a large portion of shares by default, giving them a vested interest in seeing our shares appreciate significantly.
Or both. Despite some foibles and false starts, I really like the potential here.
As always, thank you OneMessageOnly for sharing your info and insight.
"I think the "data" they are looking at is from many meters down in the ground."
Concur. Briscoe has found significant deposits before, and NAK has the equipment, permission and incentive to prove it out quickly.
Consider that many credible sources think gold has plenty of climb left. If so, NAK via HDI would want the sample data to prove valuation early before rising prices force higher acquisition costs.
Now play the reverse. If gold is a bubble, it still behooves NAK to move quickly while developers are funding exploration due to the push behind current prices. Large scale financing pulls back with gold prices, since the future value of assets is in decline. Right now everyone is betting that prices will rise, so securing current assets is the play of the day. This of course works in favor of those who hold the assets.
And between industrial demand, world currency instability, and historical data from the last gold spike, it appears we haven't seen the end of the gold run by a long shot.
So IMHO, those who hold significant chunks of LBSR should look for some nice places to visit, because you'll have a pretty pile of cash when the Powers That Be get done wrangling out a deal to acquire Briscoe's shares.
Have you seen the Crystal Broadband website?
It's not exactly looking upscale...
Yes, we have a JV locked in according to provisions...
NAK of course has their own clauses for "just in case", but the land transfer happened, and that essentially ushered in a whole new level of management, legal representation, and eventually publicity and PPS. The rest is distraction for those who aren't flipping.
With NAK trading at $9.00...
And strong evidence suggesting that LBSR may have multiple Pebble-sized deposits, I think $10 and more is a very realistic target, especially if gold continues the upward march. Even though the O/S structure is quite different from NAK, there is most likely a big enough pile of goodies to light a big fire under LBSR. For my average in, I'll be making outsized returns long before we get to $10 PPS.
And gold is in no danger of bubbling just yet, with EU banks quietly shutting down gold sales in response to continued currency instability. Between currency hedging, industrial demand, and a general unrest concerning market futures, gold will continue to drive the PPS.
Of course general economic recovery leads with raw materials and mining, and we're holding one of the largest valued metals deposits ever discovered, perhaps THE largest, at precisely the time when such assets climb quickly.
Strap yourself in and be brave...
Almost 4 million in the first hour...
I hope the same parties selling by the truckload are sitting on the sidelines watching when we break $10.00...
Thanks, Deadjim...
For some reason they wouldn't come up on the ticker search. Not that Yahoo coverage is terribly useful, but you have to wonder when coverage seems to disappear.
I can't find LBSR coverage on Yahoo anymore...
The quote profile seems to be gone from their search.
"So maybe...I'm an idiot bag holder"
Yes, but the bag is full of bright shiny gold, maybe 7X as much as the entire Pebble Project! Apparently copper is getting high enough that they may be able to let a partner mine the copper and the gold comes up with it for free, making the gold acquisition dirt cheap.
Seldom does anyone get an inside track on something so promising. I've tried to consider every way this could go south before I invested, but I am a big fan of science and there's quite a bit of science suggesting LBSR deserves a share price far beyond these nickels and dimes we're all hoarding. I'll be holding a bag right along with you. NAK took away the risk of losing claims or going bankrupt, the permitting process for PLP is underway, and market dynamics strongly support the development of this mine. We are next door to the largest mine in North America, holding 3X the land with ZTEM imaging indicating large reserves.
Maybe the bag you're holding will be full of goodies by Halloween. Trick or treat!
There is a lot of momentum here...
You'd be hard pressed to see a much prettier picture, barring the slimeball financiers and their dirty tricks. I hold a lot more shares than I intended to buy originally, because so much of the info available pointed to a seriously undervalued enterprise.
I hold them and wait to buy more when prices are stupid.
"Infrastructure is pretty good"
Permitting of roads and a power plant will be a big part of this, and the infrastructure is currently not sufficient for the Pebble project. There are around 60 permits they expect to address along the way. That figure may be lower since I read the documents discussing the proposal. Of course this process is basically underwritten by every company in the Pebble Partnership, and they can and will exert whatever pressure is at their disposal to move forward.
This is most likely a good thing for drumming up the local support, more jobs and not all of them in a pit. We benefit from an environment with a push to develop jobs.
And of course we currently sit at a point in the economic cycle where metals and mining typically surge, along with related industries like CAT, CSX, etc. Gold is also leaping weekly, the European banks don't want to sell gold anymore, and historical data comparing old record gold prices against current interest rates and inflation suggest gold can support 2K per oz. The concerns over various currency values globally are fueling gold to new heights, and every new record high makes LBSR a better bet.
And it's October, when everything turns golden in the northern hemisphere...
If you trade based on message board opinions, you're crazy.
If someone says it's going to .002, who cares? If you think it will, set aside some funds and buy later. If you think we'll be at a dollar next week, great, buy all you can at any price below that figure.
But it takes a small mind to seek the censoring of opposing opinions. If you want to be a fearmonger, get a job at Fox news. If you want to be a cheerleader, grab your pom-poms and shake it. The rest of us will invest based on what we perceive to be the fundamentals.
The bottom line is that there is a giant pile of resources here, inferred but supported by ZTEM, proximity, and the knowledge of accomplished geologists. There was a time when the naysayers said it will never be permitted. They said that Briscoe might go bankrupt trying to finance all his claims. They said that Alpha capital would flatten the PPS with dilution.
We're still here. NAK has taken away the fear of bankruptcy, Alpha has their shares, the JV has entered the preliminary stages, and metals prices absolutely support the profitable development of these claims. Bash away. I have no stop-loss orders, only target prices for more acquisition that I will not reveal here.
I bet the folks at NAK who looked at the ZTEM data and went straight into talks to JV with LBSR aren't too worried about diving share prices, which could happen. They are probably more worried about a runaway PPS, which could make it much more expensive to eventually acquire the claims.
All My Opinion. Of course it's grand irony if this post gets deleted.
Yes, it appears sellers are in short supply...
I still won't discount the potential for Sleazebag and Ass-ociates to dump cheap shares, but things are apparently tightening up at the moment. 90 days past the last NAK quarterly is my window for expecting news, barring a late filing of course.
Agreed, Bluebird
But those of us who read, crunch numbers, and ignore the mindless cheerleading knew that.
I always hope for good numbers, as I own this stock long and strong. That said, people who buy because some say "Yay!!! Alpha already dumped, here we go!!!" are not being smart.
BTW, big volume in the first 20 minutes of trading was not indicative of great news last time...
How much?
It means they are burning through the .002's IMO, and that may ultimately prove to be a good thing.
Yes, but...
The entire region is glaciated, so it's possible that the center of what was once the cone/caldera could have plenty of deposits bulldozed across them by glaciers. FMM may do just fine with their claims, especially since some of them are directly adjacent to ours.
Nice results...
I hope we see similar or better for LBSR.
India...
Anyone else familiar with gold as a cultural and social talisman for India?
A recent National Geographic article went into great detail about how socially upward families buy gold for their daughters each year for their birthday, and that the elaborate birthday rituals involve large celebrations wherein guests also bring gold gifts, a celebration repeated each year until the girl is of age to marry, hence the multitude of gold adornments on Indian brides.
This is a a trend that is likely to increase as India's place in the emerging BRIC markets grows. It's similar to a dowry, and helps to secure the couple's social position as they marry and start a family to repeat the cycle.
And of course India is a huge population, one of the largest emerging markets, and they already consume an amount of gold disproportionate to their income, per capita.
Seems like good info for anyone trying to understand whether gold will continue to rally. Some pretty smart people are saying that current interest rate and inflation data comparisons to gold prices suggest that gold can support 2K per oz.
Go LBSR.
"the whole market will follow"
I hope you mean the whole sector will follow, as the general market works inversely to the price of gold and other precious metals, as per historical data.
One of my perhaps irrational fears is that we see big signs of a larger general market recovery while the delays incurred by Alpha and Platinum cause LBSR to lag behind others as perceived acquisition targets. Gold surges in proportion to perceived economic instability, so a true market recovery doesn't necessarily help our cause here at the moment if gold rolls off its highs. Much of the push here will be aided by strong gold prices and high unemployment in Alaska, as they speak to economic feasibility and political expediency for permitting. I will offer the counter argument that industrial demand for gold may be the true story and a market recovery could also help us, but that is the speculative future story rather than the past evidence.
Yes, I know that NAK, via U5, Under HD, with the silent-and-watchful approval of Anglo-American are all in the wings and NAK must tip the first domino within about 30 days (I'm waiting for Michael Palin to introduce me as the man who speaks in a roundabout way). I just don't want us to be the wallflower at the dance, while those with smaller reserves but less entanglements are snatched up. Supply asset lock-in happens early in economic recovery.
As always, feel free to point out any reasons I'm wrong. I learn a lot here. I am long here.
Thank You...
I always appreciate you taking the time to inform us, and I learn a great deal from your posts.
Onward and upward...
Hi Folks...
Still lots of speculation on what Sleazeball & Stoat Finance has done/will do with their shares. I'm not a hotshot trader, but I know that one can profit from falling prices, and attaining a lower price is easy when it's a small penny stock and you have a huge bag of free shares to rain down on the market.
If some of you here are looking to acquire more shares, you may benefit from other parties with similar interests, who could easily collude with Alpha and/or Platinum to achieve a suitable entry, whereupon they buy in deep and long, but also achieve all the short options on the way down on free shares, plus receive whatever kickback from hypothetical silent partner C who wants the low entry point. This partner C might also have access to any valuation data that was provided to the financiers before issuing the loan, and thus be able to make the call on info unavailable elsewhere.
And Alpha/Platinum certainly looked at what Briscoe and Co. have going previous to the lending, and they were willing to pull a dirty trick or three to get those shares, regardless of taking the money on the note originally (they are in Lichtenstein for a reason). One could argue that they would know to stay long, but again, it's easy to predict a falling strike with the cheap leverage they currently enjoy, so they could profit all the way down and back up. Given that they seem ruthless and brazen, it's exactly what I would expect.
I am long LBSR, never sold a share, hope that my shares appreciate large and quick along with yours, but logic dictates that I prepare for an irrational and painful PPS beatdown. I hope it doesn't happen, but I reserve the right to make the top sweeter by buying stupid lows near the bottom.
Who knows when NAK is due to report again?
News I saw looks like the last report was June, and they seem to report regularly every 90 days, so obviously we are due soon.
Again, many thanks for the informed replies...
Is there any place to look for historical data, news, etc? The most recent news on the feed is preceded by articles from 2009.
Thank you for your quick reply. Anyone else?
Please help me understand...
Doesn't the advent of hand-held wireless net browsers like smart phones spell bad news for those who are seeking to capitalize on small regional net access? I've looked at ICOA a few times and can't see how their market isn't being gobbled by bigger players. It just seems like this was a great idea before smartphones, not so much now.
Am I wrong? I know there have been good days here lately, but what don't I understand about the fundamentals?
Concur, Sp; Sensible Approach
NAK is risking 3M of their shareholder's money on this, with the obligation to spend more as the JV develops. They would have to have pretty strong evidence to make such a leap. They saw something they wanted and put the money with the mouth. To me it can be summed up as "acceptable risk", for them and us.
Before this settlement avg daily volume was about 8M
Now we see half of that in the first 15 minutes of trading. Obvious dump. What better way to predict the drop than to just dump cheapies until your strike is met? Lather, rinse repeat. They are making money all the way down and you can too if you want to plunder the good intentions of others. Suitable for parasites and other lower life forms, but I'll pass.
Seems like a lot of longs can see this and won't sell, understanding that this is the bird that pecks at the rhino's back, little peckers gobbling up bugs while the rhino decides what to do. The bird is a distraction, but it has no bearing on what the rhino actually does in the long run. Today the bird feasts, tomorrow, who knows?
Wanna sell me some .01's? I'm sitting here with stupid money. Not Stupid money (yet), but cash set aside to buy ridiculously stupid prices for major long-term value assets. I passed on the .05's I had earmarked, because it's obvious that the game is currently run by a unwitting symbiosis betweeen the stupid and the greedy.
I own a huge solid oak mission-style canopy bed, no veneer, satin finish, bought brand new from a second hand store for $120. While three other customers looked at the unpriced disassembled boards and rails and the Ethan Allen retail tag, asking among themselves what box spring and mattress it fit, I walked up to the counter and asked for the cash price, handed them the cash, and carried it to my truck. I knew I was buying for about 6 cents on the dollar. I went back there for months, because I had discovered that retailers dumped stuff there for tax write-off. Little known info, that.
There are huge bargains around for those who think and act. I'm not saying buy this, here, today, I'm saying that this is the rhino, not the bird.
That's just my opinion; I could be Dennis Miller...
Yes, we will eventually see a major turnaround
The fundamentals support it, but I dare not discount the market psychology as millions of cheap shares flood the pool. There are tons of people who probably bought this on the advice of some sleazy pumper newsletter and will scramble for the exit based on a false and deliberate devaluation. The vandals are here and they want their buddies buying in on the cheap. There are a lot of ways to rock the boat and blowing out the floor with dirt-cheap shares is pretty effective.
BTW, Alpha and Platinum were willing to go to court to get those shares. Ask yourself why...
s4, you are correct...
Which makes all the stranger that I am wringing out shares that went underwater today. I really have to think that all the hardball is coming from desperadoes who want in for a large stake at a low price and will step on anyone to do it. You and I apparently know why they want in so bad, but they can make the ride pretty rough for a while until the motives are clear. Don't think for a moment that any of the Deep Pockets watching wouldn't love to take it on after the bear raiders beat it down to a more attractive acquisition price.
And don't underestimate how much they'll throw on the fire to scare out every weak hand they can find. Unpleasant as it sounds, I will repeat that it is not unreasonable to think that they can burn shares until the PPS matches their .002's, and dependably short-sell all the way nearly risk free and with nothing but free shares to lose. Remember that this is pennyland, where institutional buyers with value in mind can't provide a solid bottom by staying put and absorbing large discounts. It's wild west show and the Black Hats are rushing the stagecoach. At this rate, I'm surprised Alpha and Platinum didn't just sue for the right to move in with a fleet of bulldozers and Cat trucks and help themselves.
I want to own a lot of this when the dust clears. Anyone who reads and thinks knows that no number of pesky fly-by posters predicting The End can possibly negate the wealth in this field of claims. That said, looks like it's going to rain cheap shares for a while IMO, and I hope I'm dead wrong.
I like the smell of that...
Getting into pebble SHOULD be a kick in the pants for any laggard stock. This is absolutely huge, and we should on the gravy train too, albeit a few wagons back at this point.
I HAVE cash and I know how to use it. If these sick bastards want to rock the boat too hard, I'll be in like Bill Clinton.
So Moondoggy...
First, thanks for all the info you found first and I got to find here, pre-assembled.
Do you think that with the Cap drowning in free shares, they can continue to peel 20% or more daily from the PPS? I guarantee that today's volume, while it might match the new tranche roughly, was also a lot of scared folks getting robbed. We can't really count on their shares just neatly running out in six days, IMO. Psychology, fear, and lemmings will allow them to use only enough ammo to drive the target, saving the big guns to crash the gate.
Wouldn't it be pretty easy for them to shoot for .002, so whatever shares they have left when they get close will accrue with the fundamentals and the rest of the pool, but they get to short profit all the way down knowing they have the powder to blow out the floor?
Ugly scenario, I know, so please tell me why it ain't that simple and make me feel better...I think we all need it. I'll be over here with my blanket, sucking my thumb.
"irresponsible"?
Why don't you forward your complaint to every person who has attached a document with Briscoe's numbers on this board? It's only a few thousand posts.
I wish more were "irresponsible" enough to call and get info firsthand. He needs to know that people want answers. I haven't talked to Briscoe and I would probably email first out of courtesy, but I have spoken to CEO's of other companies I own. They are playing their game with my money, and I have every right to call and ask about how they're doing it. Call me a rube, but I like the idea of a CEO who still remembers how to answer a phone.
RockandHole, thank you for sharing the details of your conversation.