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Yes. Logic indicates such. The next step is when the Chinese send a delegation to the U.S. to visit LBSR and inspect our claims. I do not expect a deal until after we see the above. It is possible that something may transpire but not lock in until they have visited the U.S. IMO based on what I have seen with other companies dealing with the Chinese. Makes sense from a good business and due diligence perspective.
For what it is worth, I don't know when to expect news. News will come when a deal is done or when MLV is done evaluating our claims. When that will be I don't know because I am not familiar with what it takes to do what they are doing. Has anyone been involved in the kind of project MLV is working on or LL is negotiating and give us some insight as to the time line here. To expect news soon is just speculation and nothing else, unless it can be backed up . Long and strong.
Nice info gold56. Thanks for posting. eom
I agree with you that we are closer to an announcement of real substance than we have been for a long time. I trust that it will be soon.
Not to be a smart a.. but how soon and how do you know.
agree EOM
You are right. One has to look at the JB quote about having seen LL in action with the Chinese and put that together with "LL and MLV working to negotiate......" and you can surmise that something regarding funding could be in the works in the near future. I am rethinking what I said earlier.
Point well taken.
I stand corrected. It does say they are working right now. However, right now means LL and MLV working together. I guess if you want to infer that the parties that are able to provide financing are also involved you can. But, it would be an educated quess only and not really knowable. That may be a question for Tracy.
The wording is again as always is vague and open to interpretation. My interpretation is that LL is working with MLV and together they will negotiate at some point in time with 3rd parties that are able to provide financing.
From my perspective, I wait for the CCI to trend up and cross +80 and the Williams R% does the same and crosses -20 to determine if we have established a good trend upward. I try to find a bottom and start buying and then really load up when I see the above.
S4. This is the kind of stuff that really got my attention in addition to follow up on the due diligence done by other board members. I have not sold either. My take is that this is a long term investment and have invested funds as such. However, the goods may appear sooner than I expect. With everything that has happened over the last year I am gambling that Briscoe really does have a bonanza under them there claims.
Also, remember when we got that PR. Negotiations and final agreement take months to finalize. By the time the lawyers shuffle the paper back and forth making changes it could be six months or longer.
Once the supply is in the hands of the long and strong, this thing can move up without news. It may take awhile. In the meantime, trust that all the smart and hard work by the LBSR, MLK, SRK team will result in some meaningful progress real soon.
Nice. If these prices hold for a while I will be adding to my 400k. Or, will buy on dips. Anybody thought of taking a count of shares held by posters. It would be fun to find out what % of the OS we own.
If most of the bidding is in the 3's and there is supply (sellers)the price will go there. Penney stock supply and demand market.
I doubt that is the case. LL has been dealing with the Chinese from the beginning.
Anybody knowledgeable enough to comment on the ramifications of the following from the Alaska newspaper ? "“With the majority of Alaskans and over 80 percent of local residents opposing the Pebble mine, it isn’t surprising the partnership does not want to allow the people a vote,”
I added also today at .043
I don't need PR's, thank you. Charts are enough. They can get one short term gains or long term gains and help protect your capital. The market will do what the market will do. Having said that, the dd on this one does indicate the risk factor is not too bad for a long term gain play.
What happened to the money the got from those investors ?
"With a focus on raising money efficiently for clients, MLV has rapidly become a leader in the At-the-Market (ATM) transaction market. Member FINRA, SIPC.
I trust that all the week hands will be shaken out at these prices. If not, lower prices may possibly be ahead.
Pretty much my sentiments. eom
Right on the money!. Looks like good things to come but as always caustiously optimistic.
Just added 14k @ .068
Its great to be optimistic. But be careful. Long with 357k. eom.
Thank you crazymike
Thats right, they probably were supporting the market by selling short during the run up . They probably need to cover at lower prices to breakeven or make a small profit.
Its not surprising. In a day where there is very little buying and no demand to push up share price traders are going to try for cheap shares and put in low bids. If the only demand is at low bids the price will gravitate there. Its call supply and demand.
Not before I can pick up another 200k at least
I would guess that a trading syndicate or two have been buying up the supply. Once the supply is in the hands of serious long term holders and these syndicates groups they will move the stock up. As this is only speculation, there are such groups that do manipulate stocks this way by buying up the supply and then dumping it on the way up.
Added 50000. .047.
If we will be paying them $10,000 a month something good must already be in the works with possibly the Chinese and Arab connections. You don't go into an agreement like this unless there is actual negotiations going with interested potential JV, merger etc partners. What do you think ?
Nice action. Means I will be able to pick up some more cheapies next week. If you are long term holders and know what is in the future who cares about the wild swings.
I will be adding more on Monday. Looks like we could break out. Need to get thru .05 first.
How does effort to make stock go down translate to Super good news coming ? I don't get it. Do not cloud your otherwise credible contribution to the board with such silly speculation.
You are absolutely correct.
Here is my read on the 60-90 days. The timing of the publication of the SRK report will allow them to obtain the permints within 60-90 days from the date of the news release. After re-reading and re-reading the news release that is the only interpretation that I can come up with that makes sense. Now, if they mean something else all I can say is that the wording was terrible.