Often irritated, never duplicated
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Briscoe's numbers have been posted with company releases
It's on plenty of postings I've seen. Public info, no foul.
RockandHole...
In your conversation, did he confirm that JV is en route and that all parties are still in with both feet as per the title transfer agreement?
Sorry...
But I believe the reason that LBSR is coming up on pinksheets news is because they issued a bear alert for the stock.
The good news just gets gooder. Hey Briscoe, we understand that you can't divulge NAK JV details, but you could send a note to the shareholders, perhaps confirming that there was a method to the current madness? If the bone was thrown so these junkyard dogs would have something to chew on while we rustled together a pending Big Deal, you could say so in a way that didn't name names or violate contractual provisions.
We'd love to hear from you. You're holding up your own surprise party.
I hate to say it...
But there is a fairly clear path down at this point, although I certainly don't know how far. I am not too slick with charts, but I know the ask ladder isn't looking too sweet at the moment. Might it make sense that since the Lichtenstein turd-fondlers have a bunch of .002 shares, they think everyone else should join them at that ideal low before continuing upward with their precious blessing? A little market psychology and some cheap shares landing anonymously by the ton, and we have a scenario for a daily beatdown.
I have stated that I am not a business savvy person, rather a person with broad knowledge and education in several fields other than business and finance. So here's the layman's equation for what might be. Take today's PPS, plug it into you calculator and key in (-20%=), then repeat the -20%= for every day you think these high-finance hitmen can do exactly what they are doing now. It doesn't take a genius to see that without clear and unmistakable evidence as to the actual valuation of this company as a commercial enterprise, the current pattern has all the necessary components to continue devaluing the share price daily. Irrational in light of the ZTEM, etc? Yes, and we all know that NAK is required to give news soon, but it's not guaranteed to happen before they remove 20% or more daily down into the double-ought range.
And I hate it, because I am reasonably certain that what's in the ground is our redemption, but not certain enough to Rah-Rah-Rah as Scumbag Financial Ass-ociates take us down at will. It's a safe bet that there are those among us who buy shorts and talk long, so if you need to sell and bet on lower entries, my advice is not to tell it here. We have enough bad news at the moment.
(Now take that same calculator and divide our A/S by a trillion. That's your reason these worthless dingleberries are playing so damn hard. They want it cheap enough to own way more...)
Leif, I had a tentative buy on .05...
But they can take their free shares and dump them on someone else until we see a reason to think this thing will respond to actual valuation instead of filthy tricks. There are loads of cheap shares available to those with no conscience or concern for decency.
And Briscoe had better have a damn good reason for doing this. I know he's doing it to his own shares as well, but this is pure malfeasance and as far as anyone can tell, he allowed it to happen with the stroke of a pen. This is causing a lot of loss for a lot of good people who believe in Briscoe and LBSR. IMHO, he has some serious explaining to do.
Willyburg, concur...
There are certainly public steps necessary to establishing a controlling interest, but those who believe in the potential and just want a nice tranche of their own could agree in advance to buy every .002 share Alpha owns at a set price, ensuring a profit for Alpha and an acceptable buy-in for the suitor, with no risk associated with market dynamics. Those of us holding have no idea where that set price might be, but I bet it isn't .19 pps.
Alaska Mike...
I do not know what was on the claims sold to NAK, but it seems odd that a big messy volcano dumped 6-7 pebble-sized deposits all in 25 sq. miles. I'm sure NAK bid on what they considered to be the most desirable parcel, but it seems unlikely that it would contain all the deposits they detected.
Facts are Facts
If you've read my posts, you know I have researched this company and believe in the methods they have used to establish a potential valuation. There is gold in them thar hills, etc, and someone will get it. Obviously whoever does so has to buy claims from LBSR or JV.
But...
In the meantime, our esteemed CEO has apparently unleashed a flood of cheap shares to some seriously unethical and untouchable scumbags. Anyone calling a bottom in the .05's, I hope you're right, but the best evidence suggests that the scumbags have just started. Consider that there are plenty of entities who would like to see this thing beaten back to the stone age price-wise, since they want to eventually own the entire claim and it will be cheaper to start at .002 than .19. They could easily collude with Alpha and Platinum to achieve such a goal with a kickback offered at a premium to the .002 shares.
Those in the know say the potential for total dilution is only 10%. I agree, but do the math and figure out what our PPS will be if Sh*tweasel and Associates continue to launch mortar rounds at our share price daily for weeks. It could happen, and all the pie-eyed optimism in the world won't stop them if they wish to beat this company up and down the block.
I suspect there is a point where they have ditched enough cheap shares and will want to ride back up with the rest of us, with whatever shares they have left at the time. The best possible scenario is that the drill cores are already coming back fat and glittery and we needed to get Alpha and Platinum into the 'confined-damages' category before the news hits. I'd like to believe that and I certainly think it's possible, but I also think it's possible for these thieving financiers to carpet bomb this stock and pull away 10-20% or more daily for weeks.
Please tell me why I'm wrong. I'd love some good news right now...
Volume over 6M in the first 15 minutes.
Look out...
"I can't see this going on for too long"
I hope you're right, but at this point sellers are subsidized. It stinks, but that's the way it is until they have a reason to hold their shares. I'm mentally prepared for this to drag on for some time. They have the ammo at this point.
Agreed, but...
You can't really underestimate the effect of daily dumping by folks with tens of millions of shares, all on a stock with average daily volume below 10 million. These reprehensible financiers have got themselves a game going and they get to play for a while before the fundamentals take over again.
I have no intention of dumping my shares and will buy more at stupid prices, but anyone who thinks today was an isolated event better realize that they have enough shares to keep this up for a while, knowing they have loads of short options bought in advance and unlimited free ammo for weeks. It's not hard to figure out what they will most likely do. Beat the holy hell out of LBSR to feed the shorts, then use the proceeds to buy it on the cheap and profit on the way back up. What else would you expect from a bunch of guys who are taking advantage of the anti-extradition policies of Lichtenstein? I'm guessing they needed their money quickly because they are ravaged with terminal syphilis.
Why expect scumbag financiers to not be scumbags again?
They have free shares they can dump, and the amount they can exercise at any one time exceeds our average daily volume, so they have the ability to keep this garbage up for a while. Consider there are enough free shares available to peel the price back like they have today several more times and plan accordingly, whatever that may be for you. If this is not a popular thing to say among certain of the longs, don't worry. My post will disappear and you won't have to read it.
I have had my discipline tested considerably in recent days, but I have stuck to my "stupid price" target and we have not yet tested those waters. I have cash available and the scumbag financiers have probably bought a boatload of short options, so despite what we all know about LBSR and their claims, I do not expect the PPS to be rational in the least until they burn through their unwarranted and undeserved shares. As such, I reserve the right to buy into billions in assets for pennies...again.
Alpha and Platinum give pond scum a reason for hope...
I make no claims of understanding this fully, but...
Because the clause states they can't own more than 4.99%, doesn't that mean that they essentially can only exercise a number defined by (current market cap x .0499/share price)?
Only my best guess, and I gladly concede to anyone who can clear this up factually. Math and corporate law are not my strong suits.
Bud Foxx
We have the type if inherent eventual momentum that means those shares will most likely be gobbled up anytime along the way should they sell. At this moment, the Sh*tweasel & Associates Predatory Finance Con-sortium could depress the price temporarily by dumping their shares, but people like me would just quietly buy up the nickels if they are stupid enough to offer them. Of course their piddling 4.99% couldn't really dilute the shares that much unless some easily frightened weak hands played along with them.
Will they do it? No clue. Will it seriously devalue a precious minerals deposit worth many billions long-term? Not in my opinion.
Alcoa jumped today...
And aluminum has been the lagging component to a full-blown minerals and metals resurgence. Those who read and research know that large-scale economic recovery starts with a run in commodities, notably metals. It is happening. CAT is also ramping up. One of the guys I work with is company at the local Caterpillar facility and they are going for the gold. Large orders coming in, since mining interests are gearing up to profit heavily from the undeniable trends.
Our sector is heating up nicely. Know what you have and don't give it away out of irrational fear.
For the nervous nellies...
Briscoe has done this before, successfully. He has painstakingly line-surveyed hundreds of square miles for over five years. He quietly did high-tech analysis of plant tissue samples from the sites and winnowed down the data to target the right claims. I assume they use gas chromatography for this, but I don't know for certain. What I do know is that there aren't many capricious ways to make certain plants show anomalously high mineral readings without feeding the plants with precious minerals by hand over time and hundreds of sq. miles. Costly and not likely...
Next they did a ZTEM study of the claims. This magnetic-imaging technology is similar to a large scale MRI, technology which has been understood and successfully employed for decades. Because of known constants like conductivity and capacitance, elements and compounds can be detected and mapped in 3D to a high degree of accuracy by noting their displacement in a magnetic field. This is your Grandfather's metal detector on steroids and to be thorough, they offered to also survey the adjacent Northern Dynasty Minerals property. The combined results showed conclusively that the deposits on the LBSR claims are of a consistent size and grade with NAK/Pebble, the largest deposit in North America, but the LBSR deposits are more numerous and appear to have 6-7 times as many deposits. This technology is not easily fooled by common elements like iron or aluminum. Also consider that this type of geological formation is a great place to start looking for gold anyway, since vulcanism is known to bring metallic elements through the crust and Alaska has a long and rich history of gold production. Science, folks, and not terribly theoretical by today's standards.
Add the following factors to streamline the process:
A) It's in Alaska, on land set aside for mineral development 10 years ago, at a time when pro-business Alaska has record unemployment. This is not a slave-trade mine trading in the currency-of-the-week in the Peoples Republic of Terroristan.
B) It's a field that is already pulverized by glaciers. We're ramping roads and driving out with millions of tons of ore, no shafts, just box-cut and bulldoze. Safer, faster, cheaper. We're also strategically close to seaways, important for the Chinese companies that are already watching closely.
C) We are on the sweet spot in the recovery cycle, when raw commodities are locked in via acquisition to avoid revenue fluctuations caused by supply spikes. The writing is on the wall. Look back and you'll see a litany of stories showing companies less desirable than this one getting gobbled up by multinationals. We already have two of the planet's most successful mining incubators right next door, funding our drilling so the shareholders can rest easy about expenses.
Briscoe has never sold a single share, and he knows everything I just posted plus the rest of the story. Think about that. This is not a stupid guy, and this is not his first rodeo. Unless you're hoping for the daily double, this is a set & forget.
(Unless, like me, you buy more!)
I seldom type LOL...
But seeing "Da King" responding to my advice is a hoot. You were here while I was still buying SIRI and GSAT, both of which made me respectable profits that are now fully vested in LBSR. The money will eventually take on Obscene Profit status...
I suspect nobody has to tell you when to buy, but I agree that the smart money is betting on this to fly high and change lives. Volcanoes aren't known for politely spilling their guts on one small face of the mountain. LBSR will most likely be a juggernaut and we get to feast on it at a time when metals, uranium, and of course gold are climbing steadily, gold to record prices.
Long and Strong
Sklauble - I think news will be good
The lawsuit raised the nasty spectre of fouling the JV due to litigation clause, a common inclusion in most contracts of this magnitude. The steady climb of NAK pps suggests that is not the case.
The real evidence here is with the geology, and it strongly suggests that LBSR is holding huge riches in their claims. I will freely admit that business affairs are not my strong suit, but I was raised with a strong background in science and the science here allows those in the know to invest in something that many do not understand. I am holding strong and adding shares at selected target prices. It would be hard to fake to results they have shown and Briscoe could have already dumped his shares for hundreds of millions when the price went over .19. He didn't, and that should tell us all something.
We have the wind at our backs long-term. If you don't need your money back by Christmas, this is the strongest play you can find, IMO.
Pull out your stop loss
If you have a stop-loss sell order for -10-20%, it will be too easy to these manipulators to shake your shares loose over and over, and they will continue to play the game as long as it means cheap shares.
Commit, hold, and scoop up the cheapies on your way to the Promised Land.
There IS a timetable, but it's NAK's call
They are spending shareholder money to swing the JV and if you look at 90 days past the last NAK quarterlies you can get an idea of the outside window for the news. Law dictates that this must be revealed publicly in a finite period of time. It will happen. Let's just hope it's the news we want to hear.
General Questions...
Anyone have a total-subscriber number and an average-revenue-per-subscriber rough figure? Targeted internet expansion in commercial markets is a nice niche.
And I poked around a bit, but I'd like to see a current share structure. Thanks to anyone who can point me in the right direction. Best to all.
Very Handy, thanks for posting!
http://ragingbull.quote.com/mboard/boards.cgi?board=LBSR&read=3434
Do a google search on the company.
There just isn't a lot of real press. Two pages into the Google search the articles are two years old. Ditto for Yahoo. Pumpers want to play the price, but the rest of us just wait knowing that the CEO has successfully used high-tech geology to find deposits before and he currently holds huge reserves directly adjacent to the largest (so far) deposit in North America.
The general consensus is that we are all in for a slingshot ride, and it can happen sooner, later, or in between. The important thing is that in all likelihood, it will happen.
CNBC page shows institutional investors
Alpha and Platinum are both listed as holding significant positions. Check out "Top Institutional Holders" at the bottom of the page.
http://data.cnbc.com/quotes/LBSR/tab/8
Scientifically Literate People Will Benefit Here
The DD and data indicate a clear pattern for anyone who understands the terminology. The info can be found in multiple sources and the potential numbers are staggering. 6-7X the 400M oz of Gold in Pebble, with copper prices high enough to let partners JV out the copper and float the gold for free, possibly billions of ounces. Billions of ounces that are priced in the thousands of dollars apiece. Add moly, uranium in other sites, and possibly silver and zinc as well.
Do we need to gift wrap it for you?
Option Numbers Indicate Continuing Highs for Gold
http://finance.yahoo.com/news/The-Shocking-Lack-Of-Gold-cnbc-343306331.html?x=0&sec=topStories&pos=4&asset=&ccode=
Yes, I can't stand to see them bash on Yahoo
So I breathe a little background info into their shorty chatter. Amazing how some people will publicly lie to gain a few cents on a day trade. I just hate to see them gain any ground with spreading false info on LBSR. Given the fundamentals, this stock has been manipulated enough already.
But to be fair, I discovered LBSR while some pumper was dumping a bunch of tickers on the GSAT board on Yahoo. I was random searching pennies and found this board, all the shared DD, cross-referenced some data and got in around a nickel. Yahoo will catch on as we whiz past a dollar, and it will still be full of idiots shorting the biggest pile of valuable minerals ever discovered in North America.
And for a long time, the only results from a google search on LBSR were all here on Ihub. That clued me in that we were still early in the game. I pay a lot of attention to where you can find coverage, and where you can't. Again, kudos to Briscoe for doing a stealth survey, using cutting edge technology and hard science to target massive reserves on the cheap. Anyone who wants to know where this is heading should look at the Anglo-American's long-term chart on the London Stock exchange, where they currently trade at 2529.50-GBP.
The state of Alaska set aside these lands for mineral exploration
The people of Alaska get serious tax rebates from mineral interests, mostly oil companies. I think many underestimate the importance of this being A) a US deposit owned by a US corporation and B) located in a state that already greases the skids for big industry to extract minerals in a way that is profitable for everyone. Too many mining explorers are high-risk due to international currency fluctuations and political instability. This project is being supported in part because many of the Deep Pockets understand that there will be a more stable opportunity for long-term profit here.
There will be opposition, have no doubt, but the interests that have been nudging this along for the better part of a decade have done this many times before.
"I cant see why else the JV isnt out"
Because NAK is the 60% partner and they give the signal. Look at 90 days past NAK's last quarterly and you can get a tentative target for mandatory disclosure, barring late filing. This isn't Briscoe's call and we accepted millions in debt relief and JV buy-in, so we have to abide by the agreement, IMO.
Yes, they analyze and downsize the claims
Wheat & Chaff...
If you read the early data, you'll see that the Alaska claims were 426 sq. miles at one point, but ZTEM and vegetation mineral analysis further streamlined the data to only the best targets. They have done this in a patient and studious manner, keeping the costs down, carefully engaging in line surveys and field study of the geological formations that caused these mineral deposits.
This is a shrewd and low overhead way to stake claims, and it's one of the main reasons some of us got to buy in so low. If Briscoe had signed up for a quick billion of help and started drilling willy-nilly, we would be a known quantity with big debt and lots of coverage, but limited growth potential.
I am thankful that so much scientific data was available early on for this company, because there are many money-smart people that are not scientifically literate in the least. They miss the importance of the adjacent reserves, the likelihood of a volcanic caldera to distribute valued minerals over the claims, or the strategic advantages of having the original volcano pulverized by glaciation so the mine can be a box cut/open pit instead of having to drill into a mountain to get the goodies.
At current prices, I would still be averaging up instead of down, so I hold tight at the moment, secure in knowing that metals are climbing, multinationals are grabbing up raw assets at a record pace, and we have a great deal of information suggesting that this thing will be absolutely huge.
Game changer news is pending and I am holding.
I Like the Buzz About This
But I agree with some earlier posters regarding the amount of competition in this sector. This link shows a public project via MIT that is using machine extraction methods for these fibers, which may ultimately prove more economical in large scale. It's also economical in the development stage if universities are handling some of the research, although I'm aware that this company is also engaged in such public ventures.
http://www.redorbit.com/news/video/technology/7/hightech_fabric_made_from_spider_silk/23654/
BTW, thanks for all the info provided here. I sincerely hope the shareholders here are nicely rewarded, as I'm sure some already were by recent moves. This company may do very well with their intellectual property in the future, but I'd have to seriously research to see how many other companies are swimming in the same pool before I put any money here.
No Apology Necessary...
And thank you. I appreciate the info!
I'm beginning to officially hate TradeKing
Glitchy and unresponsive today, not the kind of feedback you want from the place that holds your IRA. Who do you like?
Correct. As 60% Partner, it's NAK's call
And of course they'd rather spare their own shareholders any negatives that might come from partnering with a company that is a defendant in pending litigation. Anyone who doesn't understand why isn't being very realistic.
As LBSR shareholders, we want the news ASAP, but NAK is a very important piece of the puzzle, and in some ways they are a liaison between us and the Very Deep Pockets. Letting them stage this release in a way that is best for them is also best for us, IMHO. We need to nurture this partnership. They are the reason we have no debt, and also a big part of why we are going to uptrend quickly. NAK has gotten favorable coverage recently and it has affected their share price nicely. Their shareholders are also becoming aware of LBSR and with the news, we will benefit from their news and the association in general.
And they are spending shareholder cash to swing the JV, so their disclosure is mandatory and scheduled. There is a finite window until the next payday. The trends favor us, the strategy favors us, the price of gold favors us, and so does the current share price.
Wait for it...Wait for it...
From the Ihub daily briefing...
"Mineral resources company Entrée Gold said it would through its wholly-owned Peruvian subsidiary, Exploraciones Apolo Resources S.A.C. may acquire an initial 70% interest in the Lukkacha property at southeastern Peru."
Daily news on gold asset acquisition and consolidation...
And we're sitting on the largest deposit in North America, under the radar, waiting for drill results and JV announcements. Our story has been told with other names many times. It's a story with a happy ending.
Now it's your turn if you have the guts to hold strong and make them pay for your shares.
Word is getting out...
I had to stop by one of my old schools today, talk to a prof, get some stuff printed. My prof is a pretty great guy, so while I was there I told him about LBSR, since I know he does a little investing.
He just heard about it from a friend. He describes the friend as "very up on his investment research", said the friend described this as a glowing and rare opportunity.
Small world. Show me the money...
I'm sure the friendly MM's would LOVE .08's
But I don't see a lot of suckers lining up to feed them. The float is small and the potential is huge. If you find a place that sells $5.00 bills for a dime, it won't be a secret for long and they run out of bills quick.
I happen to own a fat stack of dimes and I'll be dee-lighted to sell them to folks who will be throwing dollars next year and screaming that the stock is guaranteed to double quickly.
And they'll probably be right, and they'll make money themselves. The mining & materials sectors always indicate early recovery. We are parked on the starting line with a full lap of head start.
PS- If you're a chicken-little investor and you help the folks that want to see this fail short-term by selling scared, keep letting them drive it down by selling and I'll add some more dimes to my stack. If you passed 8th grade physical science and have read the DD pages here, you have little to fear and a lot to gain.
I own it, I hold it, and I buy it when PPS gets stupid.
I hear you Ninja...
I have enough shares to make a huge difference in my life when things pan out, and it is properly invested with the majority in an IRA plus some elsewhere to play with and take the original capital off the table at a set price.
But it's tough not to grab some more. I learned my lesson last time as I had a hard time getting orders filled at above the ask. Now I'll buy if it gets stupid low, i.e. I average down, but I won't chase it up. Discipline is key...