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SS,
You are a smart trader...mid to low 3's is a bargain, anything in the 2's is grand larceny and I will do it again (buying huge chunks in the 2's); although volume will be low in the 2's I am sure.
Folks have been patient but many will lose their grip, get disgruntled and sell if news is slow to come.
We know spring will be a righteous season for LBSR. The ground thaws and core samples are taken.... all for the good of those who hold.
I'll be around...
...this wait is no problem. As it dips, perfect time to add. I am holding in the 6's. 5's, 4's, 3's and 2's. Will add in the 3's if/when it comes. I think 2's are done.
Most stocks are a solid play if they make you 20% in a year.
This will do better.
The chatter about Pebble is only getting started. Expect volatility and act accordingly. Wait til copper goes up another 20% and of course Gold will continue it's rise and we inflate the hell out of this "recovery". How else can the U. S. ever expect to see so many underwater Home Owners recover. One in Eleven homes in this country is VACANT. There is a plan to this madness by the FED. Stay put in hard commodities.
Alaska vs. Arizona- take your pick- someone will be on board with us in the near term and 4 cents will be forever gone, IMO.
If and/or when NAK begins to falter...
...I would look for talk of our joint venture proceeding as planned. They will be looking for strategic alternatives to increase their PPS. Of course, it will work wonders for us. If a pullback doesn't happen, so mmuch the better. We are enjoying the best of both. NAK going from $6 to $20 since our talk of a JV was disclosed could not have played out better.
Today's activity confirms that no one, especially warrant sellers, wants to see us drop. Look for afternoon confirmation as I expect to close near the HOD.
Later in the week, we should get a PR about our international interests. $5 copper is coming soon.
BTW, any chatter about earnings or drilling means little to Wall Street- they place value on projected potential..and that we have to a much larger degree than most companies...by far.
JMO-
Hammer
Seems that warrant sellers are out of gas for now...
They want to keep what's left because now they realize the next leg is UP. Too many activities brewing and nothing, not one thing, has changed with all of our DD. Minerals still in the ground, commodities continue their ascent, NAK still on a tear, and Briscoe's boys are off to far away places making sure this story is not only told but understood..."there's riches in them there hills!"
Nest phase is to see who will help with the permitting and extraction. Hold for years because the upside is just beginning.
I see another 10% move today, just like Friday...people just playing games this morning but in the afternoon, the reality pushes the doubters to the back burner.
Here is the view (from Feb.4.11) of an oracle of Mining explaining what's next-
Freeport-McMoran Copper & Gold Chief Executive Richard Adkerson didn't mince words when he was asked on a conference call last month about the miner's priorities:
"It's CapEx, CapEx, CapEx, CapEx," the CEO said, tossing out the popular corporate parlance for capital expenditures.
LBSR will get caught in the whirlwind of activity that will take place over the near term. NAK will react sooner than you realize.
This is no time to save a penny here or there...time is shifting over to our side.
This recovery is for real understanding that jobs and housing are the last two lagging indicators. I suspect both will improve as winter's nasty grip is finally extricated.
I told you so...
and this is just a start on the next leg up. Hold or add Monday and enjoy the ride.
Sentiment has changed...
finally, others are starting to see the light.
Nice try...
This will break out without any news because plans are in the works and the world needs what we have...badly. And demand will only increase over the years.
We shall see feeble attempts to take it down here and there, but they will fail miserably.
Who will be able to say I got in below 4 cents?
Look for a green close, IMO.
And nest week gets better. Spring thaw is coming...
Much work to be done.
For those who are interested in American Bulls-
Tonight they issued the following:
http://www.americanbulls.com/StockPage.asp?CompanyTicker=LBSR&MarketTicker=OTC&TYP=S
They suggest Buy and Sell points.
I am a true long term holder. I'll be around next year holding...
This stock is way undervalued...still...IMO
News on the horizon:
Middle East trip
China Trip
and of course NAK and their support of our little chunk of Gold
Still a Ridiculously Cheap Market Cap
Nice run today, but only the beginning.
RUN FOREST, RUN!!!
Hey Jo,
LBSR is easy to hold. This one puts time ON OUR SIDE.
Growing old should be be this good.
Remembering what got you here...
It wasn't some new unproven technology, or some Phase II or Phase III drug study, or some pink sheet filing to bring a company fully reporting-
It was the projected value of the mineral wealth in the ground...and the projected value of those minerals going sky high as the world's economy improves or dollars become less valuable-
And as NAK has proved, we are in the land of milk and honey and have a great partner who's got our back.
Arizona will be icing but the cake is already baking.
Remembering what got you here...
It wasn't some new unproven technology, or some Phase II or Phase III drug study, or some pnks sheet filing to bring a company fully reporting-
I added 20% more to my holdings yesterday...
and will do it again if it goes back to .0275...
IN A HEARTBEAT!!!
The warrant sellers are running out of bullets soon...actually I think they want to hold on to a bundle (for the same reason they invested here in the first place.)
Spring will be a great time for miners, juniors and deal makers. We will be a part of that action.
HI YO SILVER!!!
If you are selling today...
take a look in the mirror in a few months and get a good look at a genuine IDIOT...
Hey, all those who doubt LBSR...
Don't buy this stock now...
We want you to be one of the many chasers later on.
NAK- UP 200% since the joint venture discussions with LBSR in summer. NAK paid for our claims to be renewed at PEBBLE. hummmm
ZTEM done...results terrific.
Briscoe doing ZTEM seminars. Trips planned for Middle East and China in February by LBSR reps.
I keep adding now, soon the warrant sellers will be out of gas...
or Gold, or copper or moly or uranium....
Buy when others are weak.
Looking forward to spring.
Don't think the price of NAK does not bode well for LBSR.
Buying down steadily...
Buys in the 6's, 5's, 4's, 3's and today in the 2 cent range.
Only because I like what they have and think the world will need it sooner rather than later. Also like the fact that NAK has bought some of LBSR's claims, loaned them money and paid for their renewal fees on the Pebble claims. That and the fact that when the talk of the Joint Venture was bubbling, this rocketed upward.
Will it happen again...will the JV come to pass, will Pebble ultimately be approved (look at NAK share price over the past 6 months for clues on that answer), will the Arizona claims help boost the share price and are investors buying shares and options at considerably higher strike prices????
I follow the herd on this one. Less than $18 million market cap seems like it's undersold to me. Nothing happens in the dead of winter...but come spring, no that's a different story...
I'll play with this crowd anytime.
Hammer
Today was the bottom...
Maybe?
Hell, I am batting 1.000!!! Every entry point goes lower.
KABOOOOMMMM
Order in at .0276.
VENT- do it this way...
I know the PPS is getting hammered. I don't know why. I have not sold and have been adding.
I have emailed Briscoe and suggested he stop with the stock options until the PPS accelerates in the right direction. I was critical of the Jan. 21 option announcement. He won't listen to me, but if many start doing the same, he'll know his actions can cause stock price declines. Sentiment is weak, although nothing lasts...reversal could come with any positive news.
Pay yourself well Briscoe, I don't care. Just do it in time that benefits shareholders. Management 101.
Tired of the snow and winter. Spring should be better.
Josey,
Pass me another swig...
as always, what fun is life if you don't take a chance.
Still smilin'-
Hammer
I HAVE NEVER, EVER SEEN A STOCK...
with this kind of potential, fully reporting, and that has the support of a company that has doubled in value since they announced general terms about a potential future joint venture (of course I am talking about NAK- $1.8 Billion dollar market cap) that has taken such a beating. The stock market is never forgiving and makes winners become losers everyday. We longs are searching for a reason for the demise in PPS and no one can find an answer.
Even if the additional toxic shares are all sold off, at that point we have around 670M shares out at 3 cents each pushing a ball park market cap at $20 million.
We have read the research, done the DD, know they have claims at Pebble and Arizona that could be worth 100 times their market cap. But for some reason, no traction, no interest, no love...
I haven't sold one share and keep averaging down. Apparently, I got a shot at winning the on "Biggest Loser". Oh me o my...I have that feeling "I've been down so long it feels like up to me".
I said I would hold for at least a year...and today nothing has changed. I feel like my head is a rock...hard-headed to the end.
Good luck to those in the same boat.
And I added more today.
Either the bottom falls out or this thing explodes with good news. I can afford to wait unlike the ones who are selling at these levels.
Got my order in at .0377.
There's a standoff around this 38 cent level.
For people new here- watch and learn...
Like a Bunch of Old Ladies buzzin....
I was gone all day, saw the PR.
Looks to me like they are trying to ramp up...nothing more or less.
Planning on return visits to Mideast or China is fine by me. Better than playing cards in Briscoe's hut.
Saw a few hundred thousand shares at the very end take it down form .039 to .0375. Big whoopin' deal.
So tomorrow, I buy more if it hangs under .038. Most of us expect news in spring, NOT this week, next or perhaps even in February. It's forming a base with lethargic volume. One good or bad PR will demolish anyone's referencing to charts and all that BS. We know the warrants and their strike price. We know the share count. We know some of the orginal warrant holders have been sellers.
BUT we also know about PEBBLE, and Arizona. Re-read the DD, please...and take five...
Out-
-Hammer
Added another small bundle under .039.
Each day this base formation only confirms what many longs suspect.
When good news whacks you, these 4 cents shares will be long gone.
Coming soon-
1. NAK lawsuit ruling- probably in early spring, resolving their dispute to drill exploratory cores. (Has nothing to do with the long term plan at Pebble- those hearings/suits will continue to come up to the day they mine their first nugget- Plantiffs just trying to position for their piece of the pie.)
2. Word on Arizona claims
3. Joint venture possibilities and core sample drillings
These are just a few of the newsworthy events that may be coming. I am sure you can project other PR's that may also come to pass.
Don't expect to get rich quick, this is not that type of scam. BUT, do expect the share price to rise dramatically from 4 cents in 2011.
Oh and by the way...
American Bulls usually gets it right-
Check out the next signal for Monday morning:
http://www.americanbulls.com/StockPage.asp?CompanyTicker=LBSR&MarketTicker=OTC&TYP=S
Hammer
RELAX- The S8 FILING is fine and was already factored (old news).
Check note 3 on the filing:
(3) Based on 602,411,882 shares of our common stock issued and outstanding as of January 20, 2011. Shares of our common stock being offered pursuant to this reoffer prospectus by a selling stockholder are counted as outstanding for computing the percentage of that particular selling stockholder but are not counted as outstanding for computing the percentage of any other person.
Next week the bomb keeps ticking...Holding and adding if it hits .038 again.
NAK will be in the news soon, and then it's our turn.
Disclosure: Over a million shares... so far...
S8 Filing is old news
They already discussed the stock options to Briscoe and the gang. Company options at .038 cents are how they pay themselves. We already knew about this.
Now let's get those options worth a BUCK...
I think when NAK begins to flounder, as gold may go through a correction as it seems to be doing (altho I think it will move higher as the year goes on), they will look for ways to continue their momentum. The joint venture with LBSR will cost them little and will add value to both companies. It will happen this spring, IMO.
Great level to add and no one should be selling at these levels. It the warrant holders are dumping, so much the better. There will be buyers of their cheap shares at these levels.
Looking to add more next week if we stay around .038.
Strong LBSR.
Your observation is correct. All longs want to see it hold at .038 matching Briscoe's warrants. Whatever the case, don't listen to board chatter. Read the DD that is available, follow commodities, and make your best decision.
Easy play here...just be patient. Why sell if you held for 2 or 6 months...hold for 2 or 6 years. Only the foolish believe in easy money.
We'll see the NAK lawsuit play out. If it's favorable for NAK, it will help LBSR. If it's not, then it will take more time. The purpose of the lawsuit(s) and future suits that I am sure will be filed is for the natives to get the biggest piece of the pie....and if PEBBLE is mined, there will be plenty to go around.
All we need is for the gold, copper, moly amd uranium prices to keep rising. And that they have since July when NAK became part of this picture.
This ain't no high tech gadget or Phase III drug trial. This is for real and billions are at stake. Briscoe has spent almost a decade trying to hit his homerun. Another year is worth the wait.
6 million times 4 cents= $240,000; no matter how you want to spin it, that's pathetic volume. Mostly traders and panic sellers. Not even enough volume for any warrant selling. Strong volume would be over 50 million shares.
Bad news to me is when bad news is released by the company. I see this price as good news for those who want to add....Great time for first timers to load up. Everyone will want shares when good news is presented. Now is the time to see who has balls.
I am opening a new account Tuesday (6th account) and will start with a load of LBSR. You do what works for you but don't be crying when shares drop for no reason. That's just the way Wall Street works.
DD says we got something here and spring should open some doors.
I'll give it a few days...
And if .038 is the base, I'll continue to load up next week. This sell-off has been on low volume. Nothing shaking but traders and weak investors. Too much mineral wealth to leave so soon.
During the next month or so, talk will begin anew about spring work at the Pebble.
I'll be holding.
I LIKE WHAT I SEE- 6 CENTS=50% PREMIUM
RE: Today's filing
As long as they sell block shares to investors at around market price and offer new shares at 50% above market in 12 months, then good for ALL OF US. Looks like more believers think something is in those Pebbles.
Nonsense about dilution...any cash generated makes us only stronger. We've got options a plenty and cash opens doors.
Pretty soon, we'll start hearing talk about NAK/JV again. Imagine that a JV will only help NAK (they can use it to help maintain their momentum) and we all know what it will do for us. No real cost to NAK....just a signature is all it takes....SWEET...Can't wait for the spring thaw....
tenths of a penny matter not with this company.
Smart move.
Down but not out...
Why sell now, even if it drifts, the market cap for their potential is priced in with no news imminent. For every seller, sooner or later there will be buyers looking for a dream stock. Eventually it will pick itself up and some of the penny stock boards will pick up on it. We may have lost our Mojo for now but it will return.
Many of us are down but why sell at .038 or so; it won't go much lower. The movement has already been overdone. So we are "forced" to hold but that's what many were going to do anyway, so no big deal.
The NAK lawsuit will probably have a ruling in the next few months. If it's favorable, many will talk about the door being open for LBSR and exploratory drilling (if some hasn't already occurred). Maybe JB is cooking up other interest, they don't say much and that's better than fluff.
I still think NAK paid for our claim filing fees becausee they absolutely wanted to make sure everything was done right, no mistakes. I would think they know more than they are letting on. Their stock is on a tear for some reason beyond simple speculation.
In the meantime, follow the commodity trail. Looks to me like the world needs more copper, gold, moly, uranium, etc. If gold hits $1500 by summer, the good story only gets better and continues.
I believe there is a correlation between NAK and LBSR. Obviously, the proximity. But even more interesting is the talk of a joint venture, company loans and paying for filing fees. Why would NAK pay for filing fees on LBSR's claims? They absolutely want to make sure the filing process is executed correctly.
It is true that we may be at their mercy for the time being, but ultimately, time will tell if the value of the claims is worth more than the current share price/market valuation. If NAK continues to rise and commodities do the same, then LBSR is in good company.
I'll Go Contrarian
Since no one thinks their is any correlation between LBSR and NAK and no one wants to jump all over this play, I'll keep loading up.
NAK has increased its market cap by over 100% since July when word came out about their loan and support/possible JV with LBSR.
Writing is on the wall. Steal it at 4 cents.