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After some thought, I remember receiving that newsletter 7 years ago that touted LBSR. At the time I saw that it had made a run and being wary of newsletter hype thought to myself this is just another group wanting to create a market so they can sell after running up the stock. Did not buy the stock based on my gut feeling and turned out to be right because when I looked at it again several years later it was sub penney. Got interested again when it made its 2010 run to .19 and after some DD started buying. My avg is .04.
In regards to the NPSP. You experts out there. How does the following relate to the Uranium potential ....."Drilling: In 2007 a drilling program was undertaken using both rotary drilling and core drilling. Rotary drilling was contracted by Boyart Longyear. Diamond core drilling was completed by Redwall Drilling Inc., a former wholly owned subsidiary of Liberty Star. A total of 22 holes were drilled for a total of 16,226 feet of drilling. We did not intersect any ore mineralization during the drilling program.
VP. Why the hostility ? It was just a question. I am always reevaluating my positions and updating my facts. Thought someone might know why this guy would write in his advisory letter that the drilling would be in 2004 and nothing has happened yet. He seemed to know what he was talking about and had a lot of info about Briscoe's background and the Caldera theory. The 2004 drilling part may have been his own hype and was not info he got directly from Liberty. Was there ever a news release that there would be drilling in 2004 and if there was did the company back off from the drilling publiclly ?
Where are the drill results ?
Hit the ground running…and start drilling for gold in August 2004
Armed with a wealth of scientific data, the Liberty Star team could zero in on the most potentially profitable targets and start drilling in August 2004.
Hammer. Pebble verdict on what ?
Thats right. Leave the pumping to certain members of the I-Hub board. I am long with 300k but do not like to see all the messages that are written have as if they have some kind of inside knowledge. Not to discount the great DD found here, but I guess that is what boards are for is to speculate and try to get people to buy the stock while wishing and hoping. Buy the way, is the judge in the NAK case siting in his chamber pondering what decision to make. Just what stage is the hearing in ?
We shall see. Not worried. Long term investment.
I am happy I added shares last week. Looking good!
Meant to say International contacts.....
Disagree Yukon. Vollmer is there for his interntation contacts and to bring them to the negotiating table. The recent Arizona news was Briscoe's plan all along. IMHO
The more it tests that 027 support and bounces back the stronger the support gets. Lot of price congestion down here.
Smart people know we ain't going to stop building Nuclear plants. The Japan thing is being blown out of proportion based on what we know so far. But then there are those who play on fear and the unknown. I think the sell off of Uranium stock is based on fear and the unknown. eom
But Thiessen concedes that Pebble will require more partners.
The February preliminary assessment demonstrates what a massive undertaking Pebble is. Its path to production includes a prefeasibility study by 2012, the completion of permitting by 2015 and the completion of mining facilities by 2019. Initial capital investment will be $4.7 billion, and this does not include offsite infrastructure: $1.4 billion.
Why would LBSR want to start from scratch again when NAK is already moving along with the permitting and feasability studies etc. in the same area. Wouldn't it be more efficient and wise for all parties if LBSR was absorbed by NAK/Anglo etc. since all the cost associated with the preliminary permitting and feasibility studies are being funded now. Would not the permitting, planning and construction be easier if the LBSR claims were part of this process. Am I making any sense ? I am just brain storming and have not thought it out thoroughly yet. Welcome comments.
Common sense tells me that if Briscoe is free to negotiate a better deal, LBSR is in no hurry to finalize a deal with NAK until all other possibilities are exhausted. The good thing is his partnership with NAK right now is leverage in scouting out other interested parties.
My hunch is that Vollmer coming on board means there is something significant on the horizon.
REED. i AGREE.
I believe this may be good news. Who else after a while absorbing everything would have the background and experience to move this company in the right direction in terms of strategy, financing, etc. We have all been saying or hinting that JB is a geologist and not a CEO type. If JB wants to maintain control of the direction of the company what better way then to bring someone on board of Mr. Vollmer's credentials to advise him.
Seek Alpha. "Over the next few years, we're going to see a lot more action for takeovers in these areas. That is why every junior needs to be drilling. If a company is not spending boatloads of money on drilling this year, they better be spending it on building a mine.
If you're going to play the Yukon/Alaskan boom, you need to find companies with clearly defined, high priority targets that already have plans to be drilled aggressively. I am not talking about a few thousand-metre drill program; I am talking tens of thousands.
As we mentioned earlier, a focus on companies that not only have proven resources, but still have the potential for new exploration discoveries is what we're looking for, especially in the Yukon and Alaska."
vp Could not have said it better. EOM
Now tell me. Why would a heavy weight like Vollmer join the LBSR BOD ? This addition adds a great deal of credibility to LBSR and our long term potential.
VP. You also have those that focus on prevsering capital and want the lowest price possible. Until there is PROVEN reserves there is supply enough to satisfy demand for cheap shares until we get some significant news.
LBSR stock quote from I-hub shows 16.5M float
Just clarify. I talking about the LBSR float. Is 16.5M accurate? Has anyone accounted for the difference between OS and float?
Can anyone explain the float of 16.5M shares. Is this I-hub figure accurate?
"Shares outstanding" are the total number of shares that a publicly traded company has. These include shares owned by insiders and large institutions, plus "restricted" shares and the float.
The float represents the shares of the company that are "freely" tradable. Meaning, the shares other than those held by institutions or other owners totalling more than 5% of the company, restricted shares and insider holdings.
Let's take a look at a real world example. Simtek Corp. (SMTK) currently has 16.51 million shares outstanding. If you multiply the number of shares outstanding by the current share price ($2.81), you are left with a total "market cap" of $46.40 million dollars.
Now, Simtek has 10.31 million shares in its float. This means that after backing out shares held by owners that total more than 5% of all shares, restricted shares and insider holdings, we are left with 10.31 million shares. This is the float.
Now why is the "float" important?
The smaller a float, the more volatile a stock can become. If a stock has one million shares in its float and announces really good news, the share price will soar due to their being hardly any shares in the float. If there are hardly any shares in the float, this means that shares are harder to buy and the price to buy shares will go up.
If a stock has a really big float, this would mean that the stock is prone to less explosive moves. A stock with a float of 100 million shares won't rise 100% in one day, but a stock with a float of 1 million shares could.
I think this quote from Penny Stocks is interesting; This next leg up in price should be quite amazing because it would be an elliott wave 3 up which is usually the longest and strongest wave up in price.
We are looking strong here gentlemen. I completed my buy in yesterday and this morning. Is there any more dumping to be done is my only concern.
Phez. Excellent Post!!
SGR Yes. We need a bone with meat on it to get this moving. Drill plans, JV completion, financing for the Arizona Uranium drilling. Word on what the Arabs and Chinese have in mind. etc.
SGR. The fear is not of LBSR. The info uncovered by the DD shows hugh potential. The fear is how the market behaves towards penney stocks, dilution thereof and other factors that relate to penney stocks whether rational or not.
I was late to LBSR myself and my timing was not perfect which has to be expected. At least my paper loss is minimal. I am trying to figure out right now where I can add more shares here and one is usually lucky if they catch the exact bottom.
S4. Thanks for the comments. I see long term potential and possible intermediate term potential here. In the meantime, timing is everything. GLTA real investors.
Note. Those Uranium claims have not been proven.
Until they tell us what the drill plans are to prove the Alaska and Arizona claims or we get news of another major sort, I am not sure we will go anywhere soon.
Why .0276 and not 0275 ?
Its all about supply and demand. Nothing else.
It would be skeptical of anyone who says that it would detroy the salmon industry. Do you really believe that the Pebble players would let that happen ? Can't buy that.
So your the culprit when we see those large sell orders.
You are right. A lot of complainers are impatient, want instant gratification, or fall in love with a stock instead of wisely looking for entry points and exit points. If they do not have the termperment to go with the swings and hold it if necessary for the long term they should have a back up plan and stick to strickly short term or swing trading.