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Good. I'll buy more on the cheap. As long as you know what you hold there's nothing to be worried about, imo.
Wow, BIG volume right out of the gate this morning. Go LBSR!
That's a very safe, conservative estimate, imo.
Funny bro, I was thinking of you when I posted that. Almost put a "FISH-ON!" at the end of that post. hehe
But we truly do have a fish-on here with WMIH, and she's a whale!
PS - Is that a Pacific Chinook in your pic? That's a slob!
Do you really need more news at this moment?
Think about the recent NR; Well respected global firm with $ Billions in assets and specializing in mergers/acquisitions wants to invest up to $150 million and be our partner to find profitable merger/acquisition candidates.
Any company we merge or acquire will already be an operating, revenue producing company. Ergo, the moment we bring their revenues into our company we'll be profitable because of the NOL offsets waiting to be used. On top of that, there has been a ton of quiet accumulation over the past 1.5 years so I imagine the float is pretty dry. The only direction is up from here. We might get some small pullbacks, which I'd like (still buying), but we move up from here.
WAIT! Bring that price back down, I'm waiting for funds to clear! lol, never thought I'd say that.
IMO, this is an investor's dream stock. Little debt, relatively low O/S and float, and $5.9 Billion in NOLS. Big upside, bottom is in and solid floor to move up from here. Been waiting for this little beast to wake up but I was patient and always knew this is what we'd see eventually. Congrats to the patient!
Technically yes, anytime your price is above the upper bollie band it's "overbought". But I've seen stocks trade above their upper bollie band for 8-9 months at a clip. Fundamentals trump technicals right now. With the big money that's been accumulating and driving the recent upsurge on good news I doubt the price will come back down to meet up with the technicals. More likely that the technicals will come up to meet price.
Also, we're in uncharted waters since WMIH is a new entity and doesn't have any historical charts with prices this high, so all bets are off. My guess is we might see a little consolidation but for the most part the gains will be held and built on as fundamentals develop and improve.
No, they were never involved with WAMU or WMIH in the past, that I know of. Certainly not in the BK case.
“The problems that have caused Anglo American to withdraw from the area tell us the time for development is not yet upon us. Therefore we have dropped claims that do not in our evaluation have potential for ore grade mineralization beneath them, and we have retained those claims that do. The money that would be used for holding costs for those dropped claims will be used in Arizona on Hay Mountain and other targets within the Tombstone mining district, and other areas of the southwest USA.”
Finally, JB is starting to talk like a businessman. He's finally managing this company like a business and making smart financial decisions. This is the evolution of JB that I've been waiting so long for.
Lotta volume for no movement. Me thinks someone (or a group of someones) is still manipulating to accumulate on the cheap. But that's just me...
Precisely. eom
Please explain how this news would affect WMIH.
I'm sure there's many major international players that could fit the role of JV provider for us, but for some reason Anglo-American comes to mind immediately. Probably because I figure they'd like to recoup the money they lost on NAK with a less risky mining scenario. I just watched a video yesterday about how mining discoveries around the world are down and the big players are looking for promising new ones. Hopefully Briscoe can bring Hay Mountain to their attention. I'm sure the NASEBA conferences helped him make contact and get the word out.
GO LBSR!!
Good post DJ. I think today's news release may give us our first gleam of that major catalyst on the horizon.
With widening BxA spreads and low volume moves, coupled with the Accum/Dist line on the chart below, it's pretty obvious that the float has been accumulated and dried up quite a bit. Also, the RSI and Bollie bands tell me it's trading is being controlled in a very narrow channel. With decent volume this price could move up in a hurry, imo. Now all we need is a catalyst, which I don't expect until the Spring/Summer 2014. So for the hedgies, and certain smart traders, this is a good "buy and hold" price range. All IMHO.
That's a very good post for this board to read. Some posters here constantly hammer S&G as though they sat back and did nothing for us. Without the hard work of those litigators we would have been totally shafted.
And to those following the daily ups and downs of our chart, they're insane, perhaps flat out stupid. The BoD isn't going to waste $5.9 billion in NOLs on a small, strictly regulated deal before the 2 year anniversary is past.
The price lately is just being flipped in this trading channel, the sky is not falling.
I agree 100% with this post. My views are exactly the same with this stock, which is why I rarely post here. I expect things to get exciting after the 2 yr anniversary passes, and even then it may take a few months before the BoD announces a successful merger/acquisition for the company.
JMHO
OT: Mark Cuban on CNBC ripping the SEC apart saying they lie, manipulate, and just try to take people to court instead of actually creating a fair and balanced market place for investors. He says they just basically go on witch hunts looking for the next Madoff to show the world they're doing something but they're failing to provide investors with confidence in the market.
Great interview with Maria B.
Really? According to Scottrade there were 226+million shares on the Ask 5 minutes ago. Now there's 227+million shares on the Ask.
So according to Scottrade the Ask is getting bigger.
It's probably a Promotion crew that got caught out in the open front loading this for a run. This should be good. Hope we get a good run out of it. It would be good timing for the company to release news around .001 and shove this into overdrive.
JMHO
I'd like to see some improved buy volume resulting from the Naseba conference. Let's see what the next week or so yields.
I can agree with that, but that's what I thought this round of Geotech data gathering was going to do for us. Now Geotech says we need to do more work to clarify the data? Fine, tell Geotech to perform this round of analysis for free.
I just get frustrated because sometimes it feels like JB gets so wrapped up in the science end of things he forgets he's running a business. Obviously that's not entirely true as the China and India NASEBA conventions are all about advancing the business.
Hopefully they'll have a good meeting in China next week.
Today's NR is pretty positive and I like the word "profound", however, I hate to be negative at all, but to my uneducated mind I would think they have enough data to put together a drill plan already.
I'm getting a little impatient with all the Geotech 2D and 3D imaging. I think there's been enough research done on HM that they can accurately put a few drill bits in the ground. Many (most) other mining companies don't even use GeoTech and I'm not so sure it will mean much to potential investors. Traditional institutional investors want to see results from a drill program. Fuzzy pictures with lines and colors don't mean that much to the institutional investing community, yet. Someday Geotech may be the standard by which many new deposits are evaluated, but I don't think that day is here yet.
JMHO
Couldn't have said it better myself. You're bang on the money with your assessment.
PS - Helluva salmon you got there. I'm guessing Chinook?
Right on. I gave him the iggy last night. His posts have been worthless, and the other 2 posters you mentioned are invaluable.
I thought the same thing.
As far as I'm concerned the Anglo news is not bad news for LBSR. Perhaps they're a candidate to fund or JV with LBSR on our AZ properties and perhaps eventually the AK properties which have less environmental impact than Pebble. I like this statement from Anglo in the PR:
"Our focus has been to prioritise capital to projects with the highest value and lowest risks..."
Hay Mountain or the Uranium Super Pipes project may be more what Anglo is looking for. Just my thoughts...
It means 1 year from now 85 million new shares will hit the O/S. Which really isn't much for a trip 0, micro-cap stock. I see it as bullish personally.
Yeah they might read your posts
Pffft....
sorry
Well that recent article I posted from SeekingAlpha said that the NOLs are conservatively worth over $5 a share, and at full value are worth over $10 a share all by themselves. Maybe some investors/traders read the article and figured we're way undervalued at this price level.
Just an idea...
You are correct sir. The chart below shows that the RSI pushed above 70 (power momo mode), the bollinger bands were pinching for almost 2 weeks and split hard today. Accum/Dist is very high so float has dried up considerably. This can move on low volume now.
Sorry for my simple chart, I don't have access to the really good stuff, but this alone demonstrates how a strong move could occur right now.
I'm rather perplexed by some of you shareholders who are calling for the ZTEM data. Do you really think JB went to all this expense to just divulge his Intellectual Property to the world for free and let the competition sneak in and steal this opportunity? I don't expect to hear much about the ZTEM at all, in terms of details. He'll probably let us know one way or the other whether it was good stuff but surely not before the China naseba convention, which is coming up soon.
My guess is JB is very busy working on Financing, a Scout Drill program (which includes permitting and contracting/quoting a team to perform the drilling), Analyzing ZTEM, and preparing his final presentations with (hopefully) the updated ZTEM data. There may be all kinds of other things going on behind the scene, like merger/acquisition/JV negotiations, SEC filing preparation...etc.
Many of you think this stuff just happens overnight and don't fully realize the timelines that the mining sector works with. It's comparable to the pharmaceutical industry (that I work in) where it can take 10-15 years to bring a product to market. I don't expect we're anywhere that far away from realizing some serious value here, but give the guy a chance to get some work done. He always comes through on the smaller milestones and I expect he'll do the same with Hay Mountain, and it'll add significant value to LBSR.
Another piece of advice, stop watching the ticker every day. Unless you're looking to buy shares during this pullback it's irrelevant to the long-term development of the company's fundamental business.
Btw, this chart looks way oversold. Should see a technical correction to the upside soon, IMO.
I think it's March 19, 2014. I could be wrong, but that's the date it emerged from BK and I think the restrictions are based more on time of emergence from BK court than from when it was quoted on a stock exchange (March 28th). I don't think the regulatory bodies care when it started trading.
Anyone know which date is correct? TIA
Take a look at this chart and notice how the Accum/Dist was pinned to the top for the past 6 weeks. Can't stay in the same trading range forever as share inventories must have dwindled considerably. MMs have no choice but to move the price up. If big volume comes in then I'll think that there's something fundamental to the business going on.
Otherwise, it's a technical move, imo.
This is basically the same thing that happened after we churned in the .80 - .85 range for a while.
Well considering this churned for so long in the $1.02 - 1.05 range maybe the float got sucked enough that the MMs had to move it up. Could be more than that, but this could simply be a technical move based on share availability.
And yet only 1 penny in movement. Seems fishy to me...
I don't know clawmann, I don't read the board that carefully anymore. I assume it's you, as you're very astute on all things WMIH.
Please enlighten yourself by reading the SeekingAlpha article I posted this morning. If the board merges with a small company right now, just to make you happy, they may end up wasting the NOLs and we'll barely see anything out of this. But if they wait until after the 2 year anniversary of re-emergence they will be able to make the merger/acquisition that we're all hoping for. Until the 2year mark is surpassed there are a lot of BK restrictions imposed on what they can do.
Personally I have no problem waiting another 6-8 months so the handcuffs can come off and the board can then make a (or several) serious merger(s) that utilize the bulk of the NOLs.
SeekingAlpha News Article on WMIH.PK:
http://seekingalpha.com/article/1681012-signs-of-life-for-wamu?source=email_rt_article_readmore