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I would push that prediction off 1 month. Wait til after ZTEM results are totally done being analyzed and LBSR has presented at the China naseba convention. Then I think we'll see some renewed movement.
No I'm still here, but I am getting a bit impatient.
Use the Ignore button, it's there for your sanity folks.
Yes, now it's coming back to me. I was a little fuzzy on that this morning but I remember now. Thanks to you, and Elis for the informative posts!
Best,
TP
Oh I didn't know that. Good to know Elis...
I have a pretty strong feeling that Larry will meet up with JB during the naseba China conference, and maybe even make an introduction to some "qualified" investors. That's all gut feeling and pure conjecture, but it does seem like some of the puzzle pieces line up well.
Best,
TP
I think it's worth everyone's time to take a quick look at Larry's new company website: RCI Capital Group and read about their mission.
http://www.rcicapitalgroup.com/
Here's their first paragraph for those who don't have the time:
RCI Capital, part of the RCI Group of Companies, is an Asia Pacific focused Investment and Merchant bank that provides integrated strategic and financial advisory services. Based in Vancouver, we primarily serve Canadian and US junior and mid market energy and resource companies through mergers and acquisitions activities and facilitation with both strategic and financial offshore capital[\b].
All I'll say is...interesting.
Are people really selling because Larry "The Non-Existent President" Liang who never did anything for this company decided to leave the company? Nonsense, the selling in the beginning of the day must have spooked some weak hands, and flippers are now taking advantage.
JMHO
Only 1 month later too...love the move silver is making. It's a beast waiting to rage in the face of reality (highest record demand for physical silver, ETFs getting big money inflows, physical shortages, India becoming a bigger buyer, QE still going on and prob will for some time, industrial demand expected to pick up next year).
Glad I kept buying as it went down this year. These prices will look like a gift in a year or two...maybe sooner.
Agree, agree, agree. eom.
FYI...Precious Metals are up big today due to a poor Housing report that came out. Dollar sinking, Euro and metals up.
http://www.kitco.com/news/2013-08-23/KitcoNews20130823JW-UPDATE.html
Also read an article this morning about China spending over $1 trillion dollars this next decade "investing" globally. Another words, they're gonna run around the globe buying up hard assets like oil fields, coal mines, and copper/gold/silver mines.
Have I said that I'm looking forward to LBSR presenting at the naseba China conference yet?
LMFAO!! eom.
Forget about that right now. That's way too expensive and difficult for them to go after. Hay Mountain is where its at, for all the reasons (and more) that mytvsbroke listed in the previous message. Hay Mountain could be a world class Bisbee-like ore deposit. If they get Hay Mountain proven out and financed, even commercialized, it will finance the development of all their other geological assets without any toxic financing or deleveraged JVs.
Hay Mountain alone could make this a dollar stock, imo, and it's well within their grasp, being in their backyard and all.
Read the last few company NRs, in particular the ones that mention the naseba conference and what it could mean to the company's financing options.
We're getting better volume now, but the spread still stinks...
You must be color blind. And your chart is upside down. LOL
Well I guess we're seeing the Bull pennant flag breakout this morning!
Nice close, decent volume. I'll take it. eom
Strange how this isn't showing up as news on IHUB. Looking real good to me. I'm really looking forward to that Naseba conference in China...
Buying physical coins/bars can get addicting. lol, it's like women with QVC but hopefully we'll make money someday on these purchases.
Been away on business all week, but have been checking price action on my phone here and there. I see we consolidated again, which is healthy, and we're trading right on the MA(5) again. It looks setup for a nice green candle today touching or possibly exceeding the upper bollinger band. Lookin' good!
This stock makes me hate weekends.
Excellent Cometa! Thanks for posting. We should hear the details about all this by Labor Day, I would think. People yelling for news tomorrow need to chill. Things take time to get done when there's lawyers and govt regulators involved.
And I wouldn't expect them to reveal that much detail about the ZTEM results as that's valuable intellectual property that they don't want to reveal to competitors.
We'll know the full story in good time. When the time is right. Remember they're going to attend another investor meeting in China towards the end of September. I don't expect they'll let too many cats out of the bag before then. JMHO
Amazing that we're still well above the MA(5), trading between that and the upper bollie. Same pattern every 4-5 days here. 1 big red candle of peeps taking profit (which is fine) followed by either a small red or green day and then 3 big green days. Wash, rinse, repeat...
I expect we'll see good gains again Wed, Thurs, Friday of this week.
The Bid is upticking above the last traded price! It won't take much buying to get us back up to .04, imo.
Wow, even with that drop we still didn't touch the MA(5) on the chart. We're still trading with the upper bollie band so this drop is basically a quick consolidation with a bounce coming.
I gotta shake some loose change outta my couch for this!
Churning nicely with a little volatility. Good point for buyers and sellers here. Let's see if we move back above .04 this afternoon. Maybe get some late day volume as we've seen here recently.
Nope, not necessary. We're thru .04.
The preset buys keep telling me that some of this buying pressure is coming from foreign investors (think India/China/Asia) who setup their buys the night before to make sure they get shares while they're sleeping during our market hours.
If I was interested in or negotiating a PP with LBSR management I would hedge my bets by buying shares on the open market. JMHO
These dips have been really low volume (relatively speaking) too.
Personally I don't believe in short squeezes for penny stocks. Whenever brokers or MMs have had to cover a short position on a stock they simply manipulate the price down and cover. The only time real short squeezes actually occur are on big board stocks, and generally it's traders doing the covering. Brokers and MMs cover by manipulating prices downwards or holding back the price so they don't get burned.
I don't see any pressure to hold this back, unless there's that one-off MM who's left out of the game trying to cover. Most likely it's an uninformed trader who made a 100% gain and sold off a few minutes ago.
JMHO
Right, the bigger volume buys probably aren't based on technicals and charts. They're being made by people who just want to own a piece of a company that has positive fundamental business developments coming down the pipe...and soon.
Right on.
lol, he's a trainee. eom
Buyers may not be Ihub posters. Just sayin'...we don't really know where all this buying pressure is coming from.
He probably gets paid for each bashing post he makes.
Even though we're not shooting up 30% right away on the open I like today's trading. Good volume, but slower and better base building.
I agree. We're trading above the upper bollinger band. A few million of churning in the .03 - .032 range would bode well for the next leg up. IMO
Man, what did you guys do here today while I was away on business?? Someone pop open a champagne bottle? Nah, not yet, but nice work folks.
LBSR #10 on the most Active Stock Boards.
Yup, I get it now. Thanks! Very exciting times here for LBSR and shareholders.
Flippers better get back in tomorrow!! lol
Ohhh, so the deal was stopped today?? Excellent!! Now I get it...thanks!
This can only mean a new source of suitable funding has been found, IMO.