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I think the tour is interesting because it is not a shareholder meetng or conference call. Briscoe is coming to us, making it easier for all shareholders to attend and ask questions and get a gut feeling about the person he is and his leadership ability. Maybe he is aware of the negative perceptions and this is his way of trying to fix the image now that it appears he has his ducks in row. I don't know if this is one of the motives behind the tour but it does say a lot about the man to do what he is doing. This ia a reward to us for hanging in there in addition to the potentially exiting things to come.
Have a great trip to all those attending. I am dissapointed that I am unable to attend any of the meetings. But I am sure that the gracious A team members who do attend will be reporting their opins and observations to the board.
Thats the way it should be. Good for him.
Yes Sir !
Yes Sir !
Thats right. Be patient. They are on it.
Tracy may know the health status of JB.
Patience people. The results are coming. No instant gratification psyche here. Just an investor who is caustiously optimistic about what I own and with confidence in Briscoe and the others.
Yes. That is exactly what we have here. Chance for "significant upside for Risk tolerant investors."
Thats why the price is where it is. The only bidding was at these prices by investors who want a lot shares but not willing to pay a higher price. There has been a lot of supply and the only demand is was at these prices to soak up the supply. IMHO
KY Understood. Tend to agree with much of what you say. Appreciate the sharing of your DD. Very insighful. Thanks for your response. I just wish I was a fly on Larry's and JB walls right now. There is a lot of speculation regarding JV'and how and when they are going to use the 10m credit line. With everything we do know I am still cautiously optimistic.
KY. Could you please direct me to the source where JB announced he would not sell his shares at the end of 2012 for not less than .90. Thanks.
Well said. Intelligent post.
I recall that PR on HM samples said late March-April. Might be a couple more weeks.
Did I say I will accumulate because of the samples ? Not my intention. I was just commenting on two differen subjects for what is worth. Why the arrorgance ?
Will jump in and accumulate more down here. We hopefull will get news on the samples in the next 15 business days.
Great post Yukon ! Been thinking the same thing.
This stock can be manipulated so easily.
Thanks KIPP for the update.
My thoughts ezactly.
Thanks. I will definetly push for it.
Understood. I planned on bringing this up to Schwab but considering the action , and the progress of the company I may look back at the end of the week and consider myself fortunate to have gotten .038's .
Placed limit order in earlier this morning @ .037 for 50K. 8K eventully filled. An hour or so later they filled the remaining 42K at .038. WTF.
LBSR is an investment for me. Not necessarily a short term trading vehicle. All the pieces are falling together and the journey to the finish line however long is worth the wait. The market will do what the market will do. Sooner or later the market will not be able ignore what may be proved. No sense dwelling on it. The foundation is strong but cautiously optimistic.
Solid close. Filled the gap now we hopefully move up. The SP price will take care of itself as the potential good news begins to flow in the near future
Classic shake out of weak hands. Nice buy volume all in all. My guess is the perception of this company is going to change over the next few weeks and we should see higher prices. Market action is mostly perception wrong or right.
We would then hope that there is enough demand to overcome the selling pressure. On the other hand, they may know enough inside stuff to hold on to shares for the profits we are all expecting.
Also, we don't know what the future holds for other financing. The next few months will be very interesting. We will see what other big money believes there are trillions in the ground. Hopefully, we have had a catalyst that will bring LBSR to the attention of more and more investors.
Thanks to everyone for the responses to may last post. A lot of substance and things to ponder. Again, this is going to be very interesting.
I was sceptical at first when I saw it was an offshore hedge fund.
Those guys are brutal. Then I read they agreed not to short the stock. I am still not comfortable but will watch the charts. If we get $1,000,000 to start drilling....at what share price ? At current share price they get approx 30M shares (more shares when discounted). Will those shares be dumped in the market right away (bad for SP)or will they hold them. Am I missing something ?
The funding company can not own more than 5% ( approx 35 million shares) of company shares so hypothetically for the company to draw down 10 million the share price would have to go to approx .40 - Thoughts/comments That is about the same SP I calculated.
No question about it !!
Exactly. Once the supply is accumulated this will move up without news. It could be not too far away.
Somebody is buying a boat load of shares and does not want to pay more than .02. May be a trading syndicate. Which is good.
What? !!! Unbelievable.
This is old old news.
That has been on the Web Site for a long time.
This stock may be in control of a trading syndicate(s). PPS will go when accumulation is done.
"........funding for the project. We are discussing this with multiple potential partners both domestic and foreign."
I am very pleased with the computer upgrade. Portends for big things in the works. The upgrade is consistent with all news we have been receiving.
Now big money has reason to do DD on LBSR. When they are finished we might see a good move further up.