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Jumped in at .0155 .. looking forward to seeing where this one goes
Same here. Got a 95k order in and got nothing so far. I've got a good position already but I wouldn't mind adding a few more.
You're over-analyzing some pictures way more than you should. The pics were simply pics of the company members to put a face to the name and nothing more. They are not an effort to give mysterious clues like this were a Nicholas Cage movie...
A 30yr geologist with a picture of a rock in his hand, what could it mean!? Maybe that geologists love rocks...
You won't get a news release until there is something to report. If something were in negotiations it wouldn't be a news release for obvious reasons as it would interfere with negotiations and an NR of un-finalized business is simply pumping which the company will not do (and you should be thankful for that).
The company has been kind in announcing what they have. The twitter / facebook updates are not necessary or required. Had they not announced the trip via those formats you wouldn't even have the China trip or Middle-East to wonder about.
.03's again is a gift. If this thing sniffs the .02's again I'll have to laugh at how easy it is to make money here.
If you want to play the swings I still suggest you accumulate some shares to hold long or work to net yourself some free shares playing as such. Mid .03's is a pretty safe buy... any lower and it's a no-brainer.
If there is no actual signed contract he can't show it to you. He also can't keep it a secret as it would require a news release. Both parties are ok with proceeding as if the JV were in place... and it essentially is given the expenditures announced in the last NAK filings.
NAK IS spending money as laid out in their own recent filing. I reposted recenty here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59563901
At this time, nobody is drilling in Alaska. NAK Doesn't even drill their own stuff this time of year. They have done all the prep work however by 1. Paying to secure the claims 2. paying the $170k cost to fly ZTEM's ... once drilling season kicks in there is no reason to think they won't continue to spend money.
I mapped it out based on the town sections listed in the recorded deed when the land was transferred. I also used the recorded deeds of LBSR claims and mapped those out at the same time. The claims do match up pretty close to the maps put forth on the LBSR website.
Forget everything except the pink boxes and the NAK box. The pink boxes indicate our claims for Big Chunk Caldera. Reference the other maps available to see where NAK and Full Metal claims exist relative to these. The NAK box indicates the claims they purchased from us for 1 mil.
Come on down. Looking to fill multiple orders along the way.
I think it's a good time for some to review again, the NAK filings from Nov 15th. Rather than speculate on our relationship with Northern Dynasty, let the last filing from Northern Dynasty speak for itself:
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00003151
Noted are those sections specific to Liberty Star. Folks, this IS going to eventually come to fruition. All of the pieces are in place and we'll have more information in the very near future.
1.2.2.3 Purchase and Option Agreement with Liberty Star
On June 29, 2010, Northern Dynasty entered into a binding letter agreement with Liberty Star
Uranium and Metals Corp. and its subsidiary, Big Chunk Corp. (together, “LibertyStar”), pursuant to
which Liberty Star sold 23.8 square miles (60.7 square kilometers), the “Purchased Claims”, to
Northern Dynasty in consideration for a US$1 million cash payment and a secured convertible loan
from Northern Dynasty in the amount of US$3 million (the “Loan”). The Purchased Claims are held
by a US subsidiary of Northern Dynasty.
The purchase of the Purchased Claims and the Loan are interdependent. The Loan is secured by
Liberty Star’s Big Chunk and Bonanza Hills properties in Alaska and accrues interest at 10% per
annum calculated monthly. The Loan is repayable in cash or convertible into Liberty Star shares,
after Northern Dynasty has spent at least US$1 million earning into the joint venture (discussed
below).
In addition, subject to negotiating and signing a definitive earn-in option and joint venture
agreement, Northern Dynasty can earn a 60% interest in Liberty Star’s remaining Big Chunk and
Bonanza Hills projects in Alaska by spending US$10 million on those properties over six years. The
Loan from Northern Dynasty may be applied as part of the earn-in requirements, at Northern
Dynasty’s discretion.
For a limited period, the Pebble Partnership has a right to acquire the Purchased Claims upon
reimbursement of Northern Dynasty’s actual acquisition cost.
The Company recorded exploration costs of $653,000 (2009 – $11,000) as the Company initiated
and conducted two independent studies on the Pebble Project and completed exploration on the
Liberty Star claims. Salary costs for the period increased to $580,000 (2009 – $361,000) as a result
of US payroll related taxation payments for employees who worked on the Pebble Project and
continuing legal and due diligence activities relating to the Company’s purchase of the Liberty Star
claims (refer 1.2.2.3).
Loss for the period was $10.8 million as compared to $10.6 million in 2009. The increase is
attributable to certain additional US payroll taxes paid for employees working on the Pebble Project
and exploration work completed on the Liberty Star claims in the current year.
The Company incurred exploration costs of $950,000 (2009 – $80,000) as the Company completed
a work program amounting to $408,000 on the Liberty Star claims, published a technical report and
an update of mineral resources (refer to Exploration and Resources in Section 1.2.3), and initiated
and conducted two independent studies on the Pebble Project. Salary costs for the period increased
to $1,752,000 (2009 – $1,204,000) mainly as a result of US payroll related taxation payments for
employees working on the Pebble Project. The Company also incurred additional payroll costs as a
result of legal and due diligence activities relating to the Company’s purchase of the Liberty Star
claims (refer 1.2.2.3).
The Company’s total assets decreased to $147.2 million from $150.1 million. The decrease was
mainly attributable to the decrease in the carrying value of the Group’s investment in the Pebble
Partnership as a result of the exchange loss of $2.2 million recognized on translation (refer 1.5.2).
Cash and cash equivalents decreased by $5.2 million partly as a result of the purchase of the Liberty
Star claims for a consideration of approximately $1.1 million in cash and a loan advance of
$3.2 million. The Company utilized $4.4 million of its cash resources in its operations, earned
interest income of $0.3 million on cash balances held during the period and interest accrued on the
balance of the loan to Liberty Star, and received $3.4 million on issue of shares for cash as a result
of the exercise of share purchase options.
The total area of the properties is 186.7 square miles. The Purchased Claims are contiguous with
the Pebble Partnership claims and comprise 95 claims covering 23.8 square miles. The Big Chunk
South block, comprising 428 claims covering an area of 102.9 square miles, is north of and
contiguous with the Pebble Partnership claims. The 184 Big Chunk North claims are located
northwest of the Pebble property, and cover an area of 46 square miles. The 56 Bonanza Hills
claims cover a 14 square mile area located to the northeast of the Pebble property. Northern
Dynasty commissioned a 187 line km ZTEM geophysical survey that took place during the quarter
at a cost of approximately US$170,900.
The Company recorded exploration costs of $653,000 (2009 – $11,000) as the Company initiated
and conducted two independent studies on the Pebble Project and completed exploration on the
Liberty Star claims. Salary costs for the period increased to $580,000 (2009 – $361,000) as a result
of US payroll related taxation payments for employees who worked on the Pebble Project and
continuing legal and due diligence activities relating to the Company’s purchase of the Liberty Star
claims (refer 1.2.2.3)
Loss for the period was $10.8 million as compared to $10.6 million in 2009. The increase is
attributable to certain additional US payroll taxes paid for employees working on the Pebble Project
and exploration work completed on the Liberty Star claims in the current year.
The Company incurred exploration costs of $950,000 (2009 – $80,000) as the Company completed
a work program amounting to $408,000 on the Liberty Star claims, published a technical report and
an update of mineral resources
Same here. If the current LB** pps holds at current levels and this hits it will be a thing of beauty. This one also holds some long term potential IMO.
Some familiar names in here... I think a lot of us are thinking the same.
Doubled my position today as well. 200k shares and I'm buying more if these prices hold until Friday.
Read what OMO just posted. Most notices are 60 days. Go back to the date of the last PR... Dec 8th.
Companies are required to announce material events within 3 days. We don't know the exact date of the notice but using the 8th today would be the 51st day. It's possible the notice came out a couple days prior to the 8th which would push the # of days up. Unless there is an extension or the notice was longer than 60 days we should see something in the next 10 days but of course it could come any moment. I'm not sure that an extension would be considered a material even requiring a PR but I don't see that being a likely event anyway. 1 week or 1 month.. it's a short term buy, sit, wait. You'll have a resolution very soon.
Eduardo Othon Named to Liberty Star’s Board of Directors
TUCSON, Ariz.--(BUSINESS WIRE)--Liberty Star Uranium & Metals Corp. (the “Company”)(OTCBB:LBSR) is pleased to announce that Liberty Star Vice President Eduardo Othon has been named to the Company’s board of directors. Othon will continue as a Company Vice President with a new title: Vice President of Global Business Development. Eddie has made substantial progress in promoting Liberty Star in Middle Eastern financial centers and is scheduled to return to Abu Dhabi in early February.
“We appreciate Bill’s insights and expertise and wish him success.”
Board member Larry Liang has been promoted to Executive Vice President. In addition to his executive responsibilities he will continue working with the Company’s contacts in China. Further meetings and negotiations in the USA and China are being scheduled for 1st quarter, 2011.
William Cavalier, a Liberty Star board member since September 2009, has resigned from the board to pursue other business interests. Comments CEO James Briscoe, “We appreciate Bill’s insights and expertise and wish him success.”
“James A. Briscoe” James A. Briscoe,
President/Director
Liberty Star Uranium & Metals Corp.
Follow Liberty Star Uranium & Metals Corp.: Twitter LibertyStarLBSR.
Eduardo Othon Named to Liberty Star’s Board of Directors
No, I am right. He has made and / or is making the right connections, otherwise why would we even have the deal with NAK?
You act as if making the quantum leap from sub-penny into dollar land is an easily achieved, overnight process. Get real. He's doing the right things. All the evidence that things are moving forward are right in front of your nose. If you think this is a fast process then you apparently know nothing about jr. mining and exploration.
Really?
Briscoe is a brilliant geologist who staked some of the best mineral claims in the world and you consider him a dumbass? He might not be CFO material.. but how many geologists are? If things play out, it's likely that proper management will be put into place.
Until then, for a rock kicker such as Briscoe to position the company where we are at this point.. on the verge of a JV deal with NAK or Pebble Partnership.. is pretty remarkable. In fact, it's substantially more remarkable than anything you or I have accomplished in life, so why the mindless ad-hominem attacks?
You people keep forgetting that the mistakes made along the way are what presented the opportunity to buy this company at less than a penny and are the reason you can still buy at .04 per share. Such an opportunity with a company who has eliminated the majority of risk and is surrounded by huge money is very very rare. Take advantage or shut up. If your criticisms came prior to Briscoe and Co. setting up the deal with NAK then I wouldn't have disagreed at the time. We're now covered by NAK owning our debt, paying to secure our claims AND paying for further exploration. We will soon have them paying to drill claims and prove what we have in the ground. What an opportunity!
I'm quite certain there will be several important individuals involved. Briscoe seems to be rubbing elbows with all the right people.
Also the person teaching, Nigel Phillips, used to be a geophysicist with Rio Tinto.
Geophysicist
Rio Tinto
Public Company; 10,001+ employees; RIO; Mining & Metals industry
January 2002 – January 2004 (2 years 1 month)
linkedin profile
I've said all along that this investment is currently dependent on ZTEM. Northern Dynasty didn't pay much attention until we presented the ZTEM and now they're flying them all over their claims, our claims and full metal claims.
Got another 60k filled at .0163 today
You're right... we don't have the same thing as NAK. So why don't you go purchase some NAK shares at .04?
The other possibility is that it's just additional training. GeoTech is a Canadian based company. ZTEM and the technologies that GeoTech are using change at a very rapid pace and Briscoe has always been one for utilizing the newest technology. He was in on ZTEM way before many of the companies that are using it now were and he'll continue to stay on top of the technology.
I don't quite follow. The claims you speak of are located in Alaska where we can't drill right now. NAK is paying for claims and paying for ZTEM... I'm quite certain that drilling will take place this year. Why would they spend money and do the necessary prep work (ZTEM to ID specific drill targets) unless they planned on putting together a drill program?
They've been drilling this area for a long time. They know what to do. They won't rush an announcement of a program that won't take place for a few months just so our PPS can see a small rise. We'll probably see bits of information via their quarterly reports and once we get close to drilling season get some news.
Everyone needs to remember that 99% of NAK's focus is and should be their own pebble project. Pebble has to be approved otherwise all the claims are worthless. Based on everything we've seen to this point, the Pebble Partnership is doing exactly what they need to do to pave the way.
Nobody is drilling now. To do so when it's this cold and there's no light would take a tremendous amount of cash and would be wasting money in an effort to prove our reserves. Because NAK is paying to maintain those claims and because it would be a waste of money to drill now there is no hurry. The smart thing to do is be patient until drilling season, most of which will occur during the summer months.
Even NAK, with all the cash they have, doesn't drill Nov - Feb to my knowledge.
As far as NAK being in a hurry, they already have a HUGE project on their plate. Their focus is (and should be) seeing their proven reserves put into production via the normal process. We are basically lagging behind them because of the stage we are in and will progress via the normal process albeit we should take the fast track given what's being done for us and will be fortunate enough to ride the Pebble Partnership's back as they handle all the PR, permitting, infrastructure etc.. paving the way for us.
Must have posted only on Twitter. Sorry, I get the twitter updates and previously she's always duplicated via both outlets. Regardless, Briscoe is in Canada doing training on ZTEM .. staying up to date on the technology.
2 things.
1. You act as if there's nobody but Briscoe involved here.
http://www.reuters.com/finance/stocks/companyOfficers?symbol=LBSR.OB&WTmodLOC=C4-Officers-5
Briscoe, James 67 2009 Chairman of the Board, Chief Executive Officer, President, Chief Financial Officer
Musil, Gary 58 2003 Secretary, Director
Guilbert, John 77 2004 Director
Cavalier, William 55 2009 Director
Brill, Keith 32 2009 Director
BiographiesName Description
Briscoe, James Mr. James Briscoe is President, Chief Executive Officer, Chief Financial Officer and Chairman of the Board and Director of Liberty Star Uranium & Metals Corp. He was appointed as Chief Executive Officer, President, Chairman and Director on February 3, 2004. Mr. Briscoe became the interim Chief Financial Officer on July 31, 2008. Mr. Briscoe is a Registered Professional Geologist in the states of Arizona and California. From 1996 to April 2005, Mr. Briscoe was the Vice President of Exploration, and Chairman of the Board of JABA Exploration Inc., a TSX Venture Exchange Canadian public company. Mr. Briscoe was also the President, Chief Executive Officer and a Geologist of JABA (US) Inc. and President of Compania Minera JABA, S.A. de C.V. in Mexico. Compania Minera JABA, S.A. de C.V. is no longer active and is in the process of dissolution.
Musil, Gary Mr. Gary Musil is Secretary and Director of Liberty Star Uranium & Metals Corp. Mr. Gary Musil was appointed as one of the Company's directors on October 23, 2003 and is presently the Company's corporate Secretary. Mr. Musil was the Company's Chief Executive Officer and Chief Financial Officer from October 23, 2003 to February 3, 2004. Mr. Musil has more than 30 years of management and financial consulting experience. Mr. Musil has served as an officer and director on numerous public mining companies since 1988. This experience has resulted in his overseeing exploration projects in Peru, Chile, Eastern Europe (Slovak Republic), British Columbia, Ontario, Quebec and New Brunswick (Canada). Prior to this, he was employed for 15 years with Dickenson Mines Ltd. and Kam-Kotia Mines Ltd. as a controller for the producing silver/lead/zinc mine in the interior of British Columbia, Canada. Mr. Musil currently serves as an officer/director of four TSX Venture Exchange public companies in Canada. Mr. Musil has been the President, Chief Executive Officer, Chief Financial Officer and a director of International Montoro Resources Inc., a TSX Venture company and a reporting issuer in Canada, since February 1999. Mr. Musil has been the chief financial officer and secretary and a director of Belmont Resources Inc., a TSX Venture company and a reporting issuer in Canada, since August 1992. Mr. Musil has been the chief financial officer and a director of Megastar Development Corp, a TSX Venture company and a reporting issuer in Canada, since July 2006. Mr. Musil has been the Chief Financial Officer and secretary of Highbank Resources Ltd., a TSX Venture company and a reporting issuer in Canada, since December 1988.
Guilbert, John Dr. John Guilbert has served as Director of Liberty Star Uranium & Metals Corp, since February 5, 2004. Dr. Guilbert is a Professor Emeritus at the University of Arizona and is a geologist, author and a co-developer of the Lowell-Guilbert porphyry copper model and recipient of two mining awards, the R.A.F. Penrose Medal and the D.C. Jackling Award. Dr. Guilbert has served as a director of Excellon Inc. a Vancouver Stock Exchange listed company from 1992 – 1996. Dr. Guilbert has served as a Board Chairman and director for JABA Inc., an Alberta Stock Exchange (later CDNX then TSX) listed company from 1996 – 2002.
Cavalier, William Mr. William Cavalier is Director of Liberty Star Uranium & Metals Corp, since September 21, 2009. Mr. Cavalier received his B.S. Cum Laude from the University of California-Berkeley in 1976 and received his J.D. from the University of California-Hastings College of Law in 1979. He was a law clerk for Justices Robert Kane and Allison Rouse, California Court of Appeal in 1978 and has been an active member of the California State Bar since 1979. Mr. Cavalier has experience in management consulting and finance. Recently Mr. Cavalier has been engaged as General Counsel and syndicate manager to structure Regulation D 506 private placements for oil and gas royalty property groups and multi-well drilling partnerships for sale through FINRA broker-dealers. He also represented a joint venture, which applied an innovative technology to treat crude oil emulsions in crude production and wastewater remediation.
Brill, Keith Mr. Keith Brill has served as Director of Liberty Star Uranium & Metals Corp, since December 23, 2009. Mr. Brill received an International Master of Business Administration (IMBA) from the Moore School of Business, University of South Carolina in May 2005. He graduated from the South Carolina Honors College, University of South Carolina in May 2003 with a Bachelor of Science, magna cum laude, major in Economics and Finance, minor in Spanish. Mr. Brill has been a management consultant with PA Consulting Group, Inc., a global consulting firm, since 2004. He has provided multinational Fortune 500 companies with consulting advice on topics including cost reduction, operational efficiency, and IT strategy. Mr. Brill has experience in conducting ROI analysis, developing business cases, and providing strategic financial advice on business transformation programs.
2. You act as if, once this NAK deal came along, we could have had a new CFO in place overnight ready to go. There are a lot of different options on the table, new or additional management being one of them, and these things don't take place overnight.
So if volume and price are all you need to know, then I suggest you invest elsewhere. Or you could do some reasearch and realize that things are moving foward and if things pan out the share price will skyrocket. It doesn't happen overnight...
I know it's a lot to ask but it might take another year to make you rich at these levels (sarcasm intended)
Briscoe doing more ZTEM training in Vancouver according to TWITTER / FACEBOOK feed
Guys and gals.. all the small clues are out there. Don't be foolish.
Clearly the point that she was making was that if you put things into perspective by looking at where the company was a short time ago vs. where our pps is at now that things appear much better.
Think of it like this. If our share price rose to .25 and drew in tons of new investors with hopes of seeing share price of $1.00... and in anticipation of news we continued to trade at .25 for several months .. those who have been around through what we are seeing now would see things in a much different light than those who just came in wanting to get rich quick.
Tracy won't twist words or engage in mindless pumping. To all of those who want to get rich quick and then exit, go find another company who will be happy to pump and dump for you. This one isn't it. Or go buy some lottery tickets. Either way your chances are about the same.
I find the email to Tracy to be a bit disingenuous in speaking for many of the "longs". Anyone who has been around for a long time would know that the sentiment now, while not the greatest, is much better than it was prior to the NAK announcement. When the company announced they were in default with the previous note holders and the pps was well below a penny that was the greatest opportunity to buy at an extremely low level. Some took the news that it was time to get out... some took the news that it was a great opportunity to risk a small amount on whether or not the company could resolve their financing issues to see a tremendous reward. Those who did have already been rewarded and those who stick around, if things go as we hope they will, will see even greater returns in the future. The money that is at the door is beyond ridiculous. Anglo, Rio Tinto, Mitsubishi etc... could all eventually come calling if things play out.
Moderate risk(now), extremely high reward IMO.
Can I ask, exactly what HDI is doing w/for LBSR? I went to they're website, and they dont mention LBSR. and for that matter, it states NAK owns 100% of pebble....is that just a matter of our lands adjacent to they'rs?
These anomalies are in the size range of the footprint of the nearby Pebble deposit(s), also within the Big Chunk caldera, and go to significant depth
Happy to be in on this one. I marked it a while back as something to look at but just got around to reading this week. Seeing you and OMO in here didn't hurt my opinion in the least.
Pardon, but if you held because of what members of this board posted and not because of the information you gathered in your research regarding the value of what LBSR holds then you need rethink your investing strategy.
The simple math is a 30mil market cap company (give or take) holding claims that legitimately could be valued at several billion dollars and with a JV partner lined up who has very deep pockets doing everything they can to put pebble into production.
Now, factor in the risk
1. Can the company maintain claims? YES (they've already been paid for by NAK)
2. Debt? .. With NAK being the note holder, our debt situation looks very good. We are not dealing with the crooks we once were. Our note holder is our JV partner. This couldn't be any better IMO.
3. Legal issues .. all past legal issues have been settled and are behind us. AND Soon enough old note holders will have sold all of their warrants and be left with several executable at .10 (making them investors given the current PPS)
4. The JV .. all signs and information available indicate things are moving forward. Not one bit of information to the contrary and plenty of supporting information released by NAK and LBSR.
5. Pebble Mine controversy .. I'm betting on the side investing millions into seeing this into production. Having the pebble partnership pouring money into PR is a gift. If we were here alone holding these claims we would stand no chance against the environmentalists.
6. Can we prove reserves? .. Right now you have ZTEM and the adjacent lands that DO have proven reserves. You also have a believer in Northern Dynasty given their interest in partnering with us.
With that you should be able to determine a value, calculate the risk and decide whether or not you want to hold or sell.
P.S. Don't forget about the uranium
Once I started reading the information available it reminded me very much of another company we are both familiar with. Starting small at 53k but I've got my trigger finger ready.
Yup. I put in 3 orders via my discount brokerage. The first was filled at 9:54 where a 25k order shows
Me:
01/20/2011 10:14 AM 20000 $ 0.021 $ 420.00 $ -4.50 -1.07 %
01/20/2011 10:07 AM 20000 $ 0.022 $ 420.00 $ -24.50 -5.57 %
01/20/2011 09:54 AM 13500 $ 0.0235 $ 283.50 $ -38.25 -12.06 %
53500 $ 0.022 $ 1,123.50 $ -67.25 -5.65 %
Picked up 53k this morning at .022. Keeping a close eye on this one.
Added another 75k today.. not quite sub .04 but I was happy to get them all filled at .0405
I personally emailed Thomas Winmill from the Midas Fund (MIDSX) about LBSR. His fund has a large position with NAK. My first email simply asked him their reasoning for investing in NAK and if he had heard about LBSR or Full Metal Minerals and their potential JV deals. He responded stating he knew nothing of LBSR and stated they had met with management of Full Metal and they didn't currently meet their quality standards. My second email was a summary of the LBSR DD. He responded still with little interest but thanked me for the information provided. I expected this given their lack of knowledge about our company and the fact that they invest in larger companies but at least I have the satisfaction of knowing he read the email and put our company name in his head. In the case he ever comes across news while following NAK I'm sure it will at least be a familiar name and hopefully those managing the fund will do some research.
I guess my question better stated is if NAK spends the required money, but no difinitive agreement has been signed, are we still closed for 3rd party offers?
OMO, you seem to have the best understanding of how these agreements work so I'll ask you this question.
At what point in this agreement do we lose the opportunity to receive a superior 3rd party offer? Is it once the JV is finalized via a difinitive signed agreement or is it after a certain dollar amount is expended by NAK?
The biggest mine in North America.
That is saying something but you seem to write it off very quickly. We are trading at nearly .04 cents per share and we sit with claims adjacent to this mine with supporting evidence that we might hold equal or greater mineral assets. This IS a speculative play with a lot of solid supporting evidence that says we have something of major value. If we prove out and it's anywhere near the assets within pebble the return is going to be astronomical. You cannot argue this.
What don't you get here? It's not going to blow up overnight without news. If news does hit the wire, whether it's the JV or something else (perhaps relating to our uranium claims) then it's going to run. Otherwise it's going to stay within current range where someone could make a decent return on the swings.
Given that we now have cash and have our claims paid for by NAK there are essentially a couple worst case scenario's. 1. The JV falls through. Currently NAK is spending money retaining our claims and doing exploration. The risk of this happening is mitigated based on these facts and there's not one reason to think this will happen. 2. Our assets don't prove out once we drill. Again, we've said from the beginning that one must believe in ZTEM technology if you want to buy into this company. It's funny how suddenly NAK and Pebble Partnerships are conducting ZTEM's over JV claims (both ours and Full Metal Minerals). Freeport McMoRan uses these surveys extensively. It should be a trusted technology.
If the assets prove the JV goes forward. No question. If you don't believe the ZTEM or you think Northern Dynasty is spending money for no reason... if you really do believe that then you're probably better off sitting on the sidelines. Otherwise this is a sit and wait opportunity. Buy what you can afford and wait to see how this plays out. The reward far outweighs the risk at this point. That's not something that could have been said 6 - 7 months ago.
The carrots, i.e. the PR's you refer to are required as are any unscheduled material events. It's not like they could have kept the recent events quiet just because they've had issues in the past.
Regardless... The previous issues you refer to are the reason this stock was available to purchase sub-penny in the first place and are the reason the stock can still be purchased at less than 5 cents per share. Without the checkered past there would be no opportunity to get extremely wealthy from this company. Be happy the price dropped to levels to make such gains. Such wealth is rarely achieved without a fair amount of risk and the good news is that our risk has been mitigated after our debt was taken over by NAK and even further once they started spending money for claim maintenance and further exploration.
If you were in on LBSR prior to such news, there is no reason to not be on board now. Sorry, but if you want a company with a perfect history and the kind of potential value LBSR offers you won't be purchasing it at .05.
Do you not see the value in having Northern Dynasty Minerals ALREADY spending money to secure our claims and do further exploration on those claims as if the JV was already in place?
They paid the cost to maintain our current mining claims AND paid to have a ZTEM over Bonanza Hills.
Most of the skeletons were related to toxic financing that was unfortunately necessary at the time. Without such financing we would have likely lost what claims we had. Our new debt owner is Northern Dynasty which eliminates much of the worry in regards to financing. Sounds like we're cleaning out our closet to me...