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Oh well. Thanks for the lowdown CMM.
If they are done with their allotments of (essentially) FREE shares, the good news is really just beginning.
For years, since that dreadful settlement the longs have waited, and waited and waited. It drove many away, made some like me crazy, but in the end, as Moondoggy always said, the allotments were not forever, but finite.
This is a great day.
Thanks you for the specifics IIhabela!
By 8/14/12 we could be in the .20's.
I like the way news has been released lately. Maybe lilpup is in JBs ear lol.
Excellent points.
If your example is correct, (and I do believe it is) then $1.2M will be the budget of any given phase of the plan at any one time, until the next tranche.
I don't know what $1.2M buys w/regard to drilling so I can't say, BUT if the capital is used wisely, perhaps we wouldnt need more than a couple of tranches before a solid, major deal comes through.
That's it for me until later. Sun is shining and wife and son are already on the beach.
Agreed. The $10M is a solid backstop and puts the Company in a better negotiating position moving forward.
I am very pleased w/the financing deal struck. We shall see how aggressive the lender will be at selling the stock. Or if they hold, they will be indicated to the market an implied confidence that sends a very strong message.
Financing has literally changed everything. There is now decent latitiude to strike an even better deal moving forward. IMHO
Normally, I would agree, but there are very good reasons for the stock not to move, given the history of LBSR. However, the package has now been organized and quantified more professionally. This indicates that A&P Mafia financing is over and it's a new day for the Company.
If JB only got $2M I'd be screaming to get the gallows and a noose ready. BUT the fact he got $10M, not the 25 in the plan, but a respectable amount, means that things have proceeded to a new and very different stage. It means that LBSR may be getting the clean positive attention it deserves.
We are not there yet, but if things continue at this rate, I must stick to my word and send JB some nice flowers, real nice flowers.
Agreed. $10M changes a lot; including my opinion. No longer a doubt about the direction of LBSR.
LBSR BOARD
I hereby apologize for my rants against JB. I was proven wrong and JB has come thru with some pretty good financing.
To all those who i have offended, irritated and pissed off, I AM SORRY!
When I am wrong, I admit it.
Good luck to EVERYONE here.
I don't know yet Plano, hopefully this reflects your confidence in the CEO. I'm still in, but focused on some other plays. only 2 posts so GL.
Milo, my concern w/LBSR was the level of dilution facing the company due to the error JB made with A&P and trying to fleece them. On the surface, it seems that this type of financing is exactly what JB wanted.
This type of financing is smart given our history; it allows some drilling to verify claims and protects against abuses by the lender. We have a ways to go but this is a very good first step.
NOW, From this day forth, JB is no longer a sloth and I will no longer rail him. That said, he doesn't quite yet deserve 2 dozen roses. However, if he keeps it up, I will pucker my lips, put on my best neosporin lip antibacterial and kiss his a$$ and apologize, IN PERSON.
Those who wish to attend the viewing need to simply register with me AFTER the sp reaches .19
But seriously, I hope this attracts more investors. Good luck to everyone.
LOL! Me too!!!
I just looked. very impressive at first glance but i have not even touched this yet.
has the fatman come thru?
am i going to Az with roses?
I don't buy it. I look for the market to reflect what's going on and it is.
Viewed it. Appreciate the work that went into it and the efforts made at informing everyone here by SGR and Chartman.
However, let me be clear, I am losing faith in Brennan as each and every day passes. The numerous 3M sells at the close are not a positive; dilution beginning slowly and Brennan seems to have played his hand nicely timing the video release with allocation of free shares to someone or some entity.
And still no news. Except the silence of 3M shares sold at the close. Secret sells at the end of the day indicates there is no news, except allocation of shares to fund operations. If so, Brennan would be smart to simply tell shareholders what they already can see after 4PM.
Yup Brennan may just be the stinkie pinkie CEO yet.
Agreed. Group think sets in when you have posters making up excuses for what is clearly not good for MMTC. Someone is dumping free shares they got.
i'll take that one. hopefully you can be doing a whole lot more of that once this goes a little higher, and i'll be out of your hair for good. Amen.
good thing i never sold this. nice surprise! what's going on here?
LOL,
How could you boy want it to go lower?
If Briscoe steps aside, we get financing and a spectacular rise from where we once left off. nice summary S4.
JB must have resigned. LL, we will learn was never with the company and that it was an unintentional misstating of the facts; LL is in fact a fictitious chinese man in china. lol
Not sure but something is up...maybe LL sold a big warehouse??? (joking, nice action today)
...do you mean me Paisano? What's w/the greeen???? Briscoe resign????
Simplifying LBSR's complex situation is not wise.
When i hear "win-win" for LBSR I can't help but see wishful thinking based on flawed logic.
Don't you think i've lost my objectivity bud?
Big, have you (or anyone else) asked Tracy about where Larry Liang is and why we don't hear from him? Thanks.
I would agree with you there.They must like our prospects. I bet they hate JB.
...oh my, where did you get that from?
Gold, you always get me! LOL!
i have a jim morrisson chart, crystal ball for my moves...
On the contrary leif, i'm not. Stating the "herd" mentality is not directed at anyone in particular. All poster are different you know that.
I do not see you as a follower for example. Also, I'm not looking for my case to be made stronger. My issues are with JB. Many here just feel sorry for him, I hold him responsible b/c he is the ceo, that's all.
i do no have caldera x ray vison, but i have some faith in our geologist, even though he is not competent ceo,
when the drill results are back then we will understand more. that is light years away at this pace. imo.
come on gold, NAK and LBSR are two very different animals. first off, JB is not a businessman, and baby NAK didn't have a JB steering her into the ground.
BIG difference gold.
now, i'll get the chorus of we "have 6 pebbles," right that's why we are at .02 heading to .01.
where's deadjim...he's a group thinker