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Wouldn't it be hilarious if NAK...
...Received a favorable court ruling and got the green light that all preliminary core drillings were legitimized without any restrictions and thus they could proceed with their plans to move forward...(By the way for those unaware, this court case completed in Dec. 2010 and the court hinted a ruling could come in late spring 2011- many are awaiting this outcome)
all before SRK drops the big bomb that we're "HOLDING TREASURES".
Good things come to those who wait.
News will come as expected...
Price will move up as expected...
And that will be the new starting point for the next leg higher.
PEBBLE is like a sleeping dog lately, feel a bit sorry for the NAK folks so I had to add some of those shares in the $8's.
Way too much potential, a bit like us, except our story has so many more pieces.
I like owning what's in the ground...
These are the Best of Times as Briscoe takes the stand...
From May 26, 2011-
Comments Liberty Star’s CEO James Briscoe, “Myself and the members of the Liberty Star board are very pleased that SRK was able to analyze existing data and collect new information on our Tombstone claims quickly and efficiently. We will move to exploratory core drilling, as soon as we can."
He didn't have to include that last sentence in his comments...
but he did.
Think about it...
5 cents for your thoughts?...or to grab some more shares?
Rewards for waiting months and then longer...
And many longs who have done the DD and followed the devaluation of the dollar and rise in commodity prices kept patient and added at the absurd levels in the 2 and 3 cent range. Finally some positive news has developed and the CEO has a completed report by a well respected company (SRK) providing insight into our Arizona claims and the potential they hold. So we continue to demonstrate patience and expect some more updates in the near future. Retaining MLV is also a perceived huge positive. NAK is still in our back pocket and eventually news about the Pebble Project will make it to the front burner. I am still very comfortable with the fact that NAK and its partners have spent hundreds of millions on Pebble and decided to pay for our annual claim renewal fees in Alaska.
Many who are critical are simply looking for a quick return and then dump and they chase penny plays and most probably get burned more times than not. Or they try and beat down the stock only to be buying as weaker hands let go (deceptive, to put it mildly).
This is not a pumper nor a dumper. It is a long term play and with all their claims, has the potential for a huge upside over the next few years. 5 cents now is because of the general uncertainty baked into the markets. But the facts remain the same. We have many significant claims that eventually may yield partnerships or mergers and core drilling samples will ultimately determine mining feasibility.
Gold, copper, moly, silver, uranium- we probably have them all and the story looks better with each passing week.
Holding has never been easier.
Here comes the late pickers...
Closing above 5 cents and then momo is upon us as the SRK report is forthcoming.
You had your chance all you penny pinchers!
Nothing NEW- on the Form 10-
Are you kidding me that sellers are that stupid? OLD NEWS. Share count the same and cash on hand about what we expected with the SRK and MLV additions.
Let the dumb sell as the smart are picking off more cheap shares.
Easy money today, will close back above 5- book it.
Thank you.
Lost MOJO?... AYFKM?
Broader market down past 6 weeks, everyone getting hammered.
We are only up about 80-90% or so during same period. Last I looked, that's not bad.
I'll gladly take a pullback so some of my friends can get in near a nickel.
MM's just peein' shares back and forth to get punks to sell.
Keep focused- copper, gold and all the other goodies we have- are still in demand.
Chart- a thing of beauty!
The past two days have been perfect. Sitting just below resistance. All we need is a bit more voume, maybe 6-7 million shares or more and pierce .0561 and then up we go. With no immediate news, all are wating for the end of the month report from SRK/Briscoe- link- http://www.srk.com/.
If any news comes before that, look out, we rock.
No denying that momentum is building as many new Hubbers have appeared. Jeez- if only Pebble would come out with anything positive, it would only add coals to this fire.
Everyone who has done the DD knows what we have, knows the story and has waited since last summer for the ascent to begin. IT HAS!
I agree LTT- no hype needed- just facts.
The LBSR story speaks for itself.
Anyone remember when NAK paid for the renewal of our Alaska Pebble claims? You think they know something we don't? JB is the caldera expert- make your own choice soon...
S4S- you deserve a lot of Kudos for your research!
Many on this board have worked hard to eliminate the possibility of erring in our analysis. The deeper we look, the clearer the picture.
If commodities continue their ascent over the next few years, the picture is golden.
This is where we belonged for months...
...this move is nothing compared to where we will eventually go. Volume has been modest at best. When good news surfaces, look for an onslaught of buyers jumping in. MARKET CAP, as I have said all along, is peanuts compared to what are potential is.
Smart investors were scooping up during the drive down in PPS, as it was unwarranted because no news was interpreted the wrong way. Good things take time and many longs know the developments that will drive this company higher will come for years.
A bullish cycle is developing right in front of your eyes.
Boy, if we ever get any news on the PEBBLE, all bets are off as far as our true upside. Funny how NAK is waiting but we have a variety of prospects that now show our true potential. It took awhile but it is looking better by the day.
Watch and learn...aimho.
I fired my ammo today at .047-
otherwise, I would be buying.
Game, set, match pretty soon!
Market Cap, People, Market Cap!
This is valued as if we have only a few nuggets scattered about.
NAK/SRK/MLV would beg to differ.
A nickel for your thoughts?
I grabbed more this morning at .047-
I keep looking at the Market Cap and feel this stock is WAY undervalued for what's coming...
Just my opinion.
I just texted my son the same message-
He was wondering if it is a good time to add-
$80-100 million market cap would be reasonable.
But hey, if buyers want to wait for the good news to slap them silly, then they can buy then!!
IT'S ALL ABOUT MARKET CAP...
At this level, there is HUGE upside. Let the daytraders flip, new buyers will gladly fill their shoes.
I think we hit 6 or 7 cents as the month goes on...
The report due later this month should be bullish and copper and gold are doing what many of us longs have said it would do.
The story unfolds and actually looks better with each passing day. If we can ever get any positive news out of Alaska/Pebble, these levels will be a thing of the past.
Onward and upward...
Saturday morning- coffee and my thoughts- Just Saying that things look better...
With all the recent press releases, it is evident the sentiment has changed. Looking at Friday's trading shows that even with low volume, MM's did not play a role in driving down the price which was happening for months. We, who have read and read every report and studied the claims and history of JB and LBSR watched our investment dwindle but knew the fundamental story was only getting better...and thus many of us added in the 2's and 3's. Many of us also feel that commodity prices will stay at these levels or continue their rise. How can you be bullish on the dollar at this point?
Now there is clarity on many fronts:
We know how Vollmer is being compensated and it is quite reasonable. He should be able to add considerable value to the company moving forward based on his track record.
We also know that SRK has completed its work and that JB/SRK are fine tuning the release that will be made public later this month- if the findings our positive- this stock says so long to these levels for good.
Arizona claims are now looking like they present a great opportunity in the long term and may in fact be the best news in the near term.
We also have MLV on board- this is huge because Briscoe understands the importance of having strength in negotiations. These players are a heavyweight and have the same interests as us- increase the PPS! Link- http://ih.advfn.com/p.php?pid=nmona&article=47855516
PEBBLE in Alaska has dragged out and many of us knew it would- This stock will scream if and when PEBBLE finally moves forward. Court case is pending pitting the enviromaniacs VS. realists. This will not be the only litigation- We all think you can mine and fish at the same time and at some point, many here feel that is what will eventually happen. I still like the fact that NAK paid for our claims to be renewed. If oil ever dries up in Alaska, they'll be begging for someone to mine PEBBLE. Time is on our side as eventually, the cost of doing nothing will have a negative impact on Alaska.
Many here believe this company is way undervalued. If our all DD proves wrong, then we have erred in our analysis. But if only a quarter of our claims prove ripe for development, then we were correct and will realize a solid return. If our DD proves to have been conservative in evaluating the company's value, then the talk of dollars and not pennies will eventually play out.
All I can say is that I am glad I bought more when fear was the greatest.
Enjoy the summer- fireworks by July 4!!!
Hammer
Vollmer gets $54,000 in equity comp-
I can live with that if he brings value to the table.
Right now it looks as though many in the company are producing results. Later this month, we shall see if Arizona is going to propel us much higher.
Pebble is on the back burner but that can change with the court case concerning NAK's core drilling samples THAT WERE PERMITTED by the Alaska Dept. of Nat. Resources- http://dnr.alaska.gov/
LBSR- Beginning to fire on more cylinders. I kept adding and will do so if anyone wants to drive it lower.
WHY DID ANYONE SELL BELOW 3 CENTS?
Train is leaving the station.
All we need is the Judge to rule in favor of the PEBBLE/NAK and the rest of the story begins.
Hold if you have a brain...
We'll get our Mojo back next week...
Let this news digest and let's see What JB brings to the table in 30 days.
If you want to dump, do it...Adios.
Market cap is still peanuts compared to potential.
Holding like I always do.
I ADDED, TOO, AMIGO.
Will go up in the afternoon.
And keep doing the same as the next 30 days rolls around, IMO.
Whenever sellers rear their ugly heads...
BUYERS come charging back.
"Mergers and Acquisitions"- music to my frickin' EARS!!!
What if the Judge rules in favor of NAK...
Better think long and hard boys and girls about a flip trade just to make a quick buck. This is the long term trade that many dream of. Us longs who have been here a good while and pounding the table about accumulating during this manipulated descent on anemic volume have put our money where are brain is- and now are finally being vindicated...and yet we know this spike yesterday was only a teaser. It still is an opportune time to continue the accumulation as PEBBLE is still on, Arizona is now highly feasible and uranium is still hanging in the wings. The old scout Briscoe knows what he has and so do many of us and with this ridiculously cheap market cap, the upside is HUGE.
As long as commodities continue their ascent, this move higher is unstoppable. Own it in multiple accounts and someday my tikes will realize the old man knew what he was doing playing it safe and long with LBSR.
Thanks to SGR, Hkipp!, Amigo and the rest who continued to demonstrate a high degree of confidence and helped confirm our due diligence.
Hammer
Josey...IT IS Hammertime!
Looks like Briscoe finally got on the mule and has his pick ax in hand.
http://mauifarmlet.squarespace.com/storage/pickaxe.jpg?__SQUARESPACE_CACHEVERSION=1277315953830
Should be a good summer. Look forward to talking soon.
WAIT until QE3 roles around...
You think the commodity run is through...yeah right.
Our claims will be worth more next year than this year. And if the Judge ever gets his head out of his a#% and rules that PEBBLE is legit, and the Government concurs that our resources need to be developed, than all that talk of a huge run-up will prove true.
Finally, our mo-mo is upon us!
ATTABOY JIM1
Feeling better that you sold at .026?
IDIOTS!
Hang tight longs, this is just starting.
One million shares a day=
$30,000 or so. With this low volume, no chart makes sense. These are games not trades, manipulators not investors. Be on the right side of this trade.
It may not be a gift to some, but...
it is a steal to others.
Just adding chunks at a time.
I feel it coming-
Hammertime
DITTO BROTHER.
Last man standing gets all the glory!
See you in Vegas, my friend. Nothing like playing with house $$$!
Who is selling at .0258?
Looks like each trade is for around $100. Burn, baby, burn.
Just those who are trying to force it down.
So I picked up some NAK at $10.95 today. Both of these companies will eventually shine.
Tired of the BS but that's why it takes a lot of grit...
Still like miners for the long haul.
I love pain...ouch!
Bought more again today after watching for awhile. Thought I was done but just had to pull the trigger. Made 40% on a quick flip last week so dumping it on this horse. Come on JB, guzzle some coffee and jump start the activity. We are still waiting.
One day this turtle has to start to crawl. I just keep watching...
Wondering how we are holding this base...
in the midst of a major correction. Longs must be feeling as though news will come sooner rather than later and that it be a productive PR.
Here's hoping longs are right. Just sitting and holding my own.
Can we finally begin....
...to grind it out and begin our long awaited ascent?
Financials looked fine, same old story with lots of potential and no red flags plus some decent jack on hand.
Maybe it's time to throw a pick ax in my truck and start doing the digging myself on the Arizona claims. After I pull out some gopher size gold nuggets, I'll do the you tube gig and invite helpers out to the LBSR our claims. JB can pitch the tent and take inventory. Maybe that will drive us higher. After then it's off to the Pebble...and I am not looking for salmon!
Either way, same old story for me- just be patient and hold. DD and commodity prices tell me I am in the right place.
Peace fellow longs and keep the faith-
Hammer
The chart looks sick...
...And no news for too long. Everyone seems to have given up...except for those who have done the DD and have extreme patience. Quarterly report is coming soon and that will offer nothing special (and probably more fodder for those who are turning against LBSR).
But I like what I own. Precious metals are soaring since NAK announced a potential JV last summer. They are still contributing to our stability. The Pebble verdict will come soon. SRK will begin its job. And nothing has changed with the same old story- it's just taking longer than many had wished. With a "peanut" market cap, and commodities rising, and a new base being formed, I'll go contrarian and add to my position, knowing what I know, this song remains the same.
Have a great weekend everyone. The news may take longer, but the wait shall prove to have been worth it...sooner or later...IMO.
WEEK SIX-
SINCE THE PR WITH SRK....
Times a tickin'...and I am fine just waiting.
Looks like our commodity friends are stepping up- pretty soon Copper will join the Gold and Silver parade. This is getting better by the day.
Come on NAK court Judge...make my day!
The power of the dollar is eroding. Commodities are going to take over and it has only started. Hard assets is where China will want to place its trillions...and other countries with reserves in cash.
Our country is basically in default as it is. The only way we will ever get back to even is like everyone else during the past few years who had too much debt....write offs by the people who own the debt. Get ready for a rumble in the next few quarters.
LBSR will find willing partners if any of the claims are proven. The next step is happening in Arizona and PEBLLE will be next. Alaskans better worry less about the fish and more about the minerals.
I am fine holding what I have. These 3 cent games will end soon enough.
WEEK 5 AND TICKING...
...Since SRK got in the mix...http://www.thestreet.com/story/11047095/1/liberty-star-contracts-srk-consulting-to-produce-technical-report-on-tombstone-claims.html
Pretty soon the speculators return...
WAY undervalued, IMO.
The Dow plunges and we hold our own...
I am feeling good about this base. Adding more tomorrow if it hangs around 3 cents.
Then let it roar.
Sit back and relax...
have a cup of Joe with the morning paper and know your wait will be rewarded. Everyone has an opinion about LBSR but it is evident that anemic volume says that very few will sell as this bottoming base has been forming for months. You, me and others know that news is slow to come by with miners, but when it comes and it is positive, the stock rockets higher.
I bought for the long term and have been adding at this 3 cent range with funds as they roll in. Even though I am down, but not out, my cost basis has steadily been lowered buying here at the bottom.
I think even dilution, if it does happen, won't be a death knell- it will be done only if the proceeds are for a grander plan. We know two things are coming- the NAK judgment and the SRK report- see:
Liberty Star Uranium & Metals Corp. (the “Company”) (OTCBB: LBSR) is pleased to announce that Liberty Star has contracted SRK Consulting to produce a NI 43-101 style technical report covering the company’s Walnut Creek Tombstone Porphyry-Precious Metals Project.
Under 20 million market Cap- nothing tells me this is not still the place to be.
READY?
Runners take your mark...