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Don't you see what is happening?
NAK is on fire and they own us...
Loans to us, paying our filing fees, just waiting for the right time to act.
Own this for the long haul, we have good company.
LBSR is getting wound like a coiled spring...
As long as NAK and commodities rise, this stock is positioned well. I for one, think NAK will take out LBSR as a possibility. Time is on our side, just wait. And if we are not gobbled up, then a JV is still in the cards. No one wants to sell at these levels. Just simple traders and MMs playing their games.
This is all Weakness selling
Bulls#%t with all the BS from all those who know squat.
They chime in and offer no insight, just fear and a load of dump.
No warrant holders selling, no officers selling, no bad news to cause the decline....just traders and fear.
NAK did loan $$$ to LBSR, NAK did pick up the mineral claims fees, new investors have funneled new funds in at higher strike prices on their options. I think their interest is legitimate and they know at these levels there's NO risk...None, even if they offer a buyout. NAK has drill samples, we don't. They know much more than anyone here. NAK has soared...wonder what's underground? We are their neighbors.
This may take time, yes and even patience. But a $25 Million market cap with commodity prices escalating puts LBSR in the right company. Only if the ground is holding false riches will this turn into a Bust.
I am going to venture and guess that by sometime in March we are at a dime, maybe much more.
That I will do...
That I will do.
Oversold...once again
That's what I see. Added again at .045.
Fed will keep pumping money and the economy is still on shaky ground. No jobs and real estate is in the tank. Take that from someone who has been transacting real estate for many years.
Hard assets will continue to be the best investment for smart money.
Shaken but not rattled-
Many investors are willing to get shaken out rather easily. Time without news creates doubt. But those who continue to follow NAK and the commodity play feel the value of LBSR is only going up. Yes, some things could go wrong and dilution is always a concern, but the market cap is so small with a huge potential if the mineral claims are verified. ZTEM gives shareholders some considerable assurance.
If any positive news does surface, this stock will explode to the upside. If it takes time, the value will probably follow the movement of commodities and thus this continues to be a long term HOLD.
All this talk about the pros and cons pertaining to CEO Briscoe are gibberish. He has secured funding form NAK and they in fact have ponied up the fees to renew the mineral claims through August 2011. I look for Briscoe to keep doing what he's been working on for the past 6-7 years.
No problem holding as I see the Pebble Project moving forward and the other claims generating further interest.
Remember that this is an easy stock to manipulate... for now. But at some point, it won't be so easy. I would rather be in at these levels than wait.
At some point the market cap of NAK becomes so significant, that LBSR may be of interest at a premium price.
Sell if you will...I keep buying your shares at these levels. Today added at .047. A bottom is near but a top is nowhere yet to be seen.
Best for the New Year-
Hammer
UNDERVALUED AND UNDER THE RADAR- RUN DON'T WALK!!
LBSR is moving up and down and up again and investors who are not in are missing the boat. Those who HOLD are extremely confident. We know warrant holders have sold some. We also know that Management has raised cash and is currently in a sound financial position- over $1 MIL cash on hand. From 4 to 6 cents the move is a 50% gain but only a difference in market cap FROM $24 MILLION TO $36 MILLION.
AS almost all would agree, if the ZTEM results are verified with core samples and the mineral deposits are substantial, the upside will blister the current valuations. We, who own this stock have enjoyed a buying opportunity during a historic rise in all commodities, and many think will continue. It is so much easier to invest when the macro-environment is supportive of our position.
AS for NAK, it continues to march higher and currently is awaiting the ruling on the right to drill core samples after going through the proper permitting process for those samples; without rights granted to those who want to remonstrate. I feel the court will rule that anyone can do what they want on their property or claims, if you will, as long as proper procedures are followed. There will be time for those to fight the Pebble Project as we all know but this initial battle should be resolved quickly and NAK should prevail. When this happens, look for a POP in the stock price of both companies and watch the JV speculation to heighten. If the court rules against NAK, it just will resolve itself at the appellate level. Too much money and to invested to stop PEBBLE.
Remember these levels are still easy entry points for long term investors. Do the DD and follow commodities. LBSR=LONG TERM HOLD.
MERRY CHRISTMAS TO ALL!
Keep the faith- low market cap and NAK is paying for our claims. Once their initial court case is ruled in their favor, this will be a plus and will open the door for the next phase...JV discussions will continue.
And don't forget the recent warrants- strike price is higher than where we are at. This is a treat to add shares at this level.
And of course that's what I did today---makes a great stocking stuffer for the little ones.
HAPPY NEW YEAR AND BLESSINGS TO ALL!
Every time this goes down...
I keep seeing the same reason for adding more.
So I do and I wait and I think that 2011 will be an OK year.
Briscoe receives so much blame when this dips, but who gives him some kudos when it goes higher. Don't be so quick to judge, this is not a flip flop story. This is the story of one of the richest mineral deposits in the world and so far NAK is keeping us close to THEIR hip. I can see where it makes sense to hold a $30 Million penny stock that may hold claims worth a lot more. Sooner or later, someone will come knocking...
This is a Penny Stock with $1.1 Million in cash and fully reporting.
And a market cap under $30 Million with potential of hundreds of millions, if not more in mineral claims and already tied to the hip with NAK. Court decision (NAK) is imminent about initial exploratory drilling. If court rules in NAK's favor, move higher is imminent. If not, the value of the claims does not change. It simply means more work needs to be done.
Dilution is a common practice with companies that have huge potential but little or no income. If you want want a rosy picture, go buy Apple. This is for the high risk takers, and thus can yield high returns. At least they reported and are working on the next phase of their business development.
I still think it's undervalued, you make your own decision.
HERE'S MY STRATEGY-
When I see NAK up 5% and LBSR down 10% and gold holding it's own (and still around 3% from its all-time high)-
I just add more shares. God, my wheelbarrow is overflowing...
Either I got the balls of an elephant or the brains of a mouse...
Lord help me! I'm going to church Sunday and praying for a JV.
Hammer
I have a feeling...
....we are going to get some strong news between tomorrow and Christmas.
I don't know why but I have a strong itch.
And I added more today when it was down 20%...this move makes no sense at all and should looked at as an opportunity.
Humble but daring....
What the heck is the difference?
At 5, 6 or 7 cents, this is way undervalued. I added more at .069. These pullbacks are a gift.
JULY 8- NAK AT $6.66- HERE'S...
THE REST OF THE STORY- On July 8, They announce terms of a loan and possible JV agreement with LBSR. Because commodities have rallied since then and are now building a base for the next 12 month ascent, and the permitting process is now in full swing (of course there are groups with pro and con interests, but it will ultimately make too much money for too many people to not be approved) for the Pebble Project, LBSR has become an easy target for their expansion. Friday's close ($13.41) for NAK makes the commitment so much easier and rightly so for long term growth. I believe the negotiations are completed in principle and NAK is choosing when to make public.
This story only gets better as Briscoe introduces PR's talking about interest from the rest of the world, and some could conclude it may have something to do with other claims, we just don't know at this time. He rarely says much and some have been critical of his activities that have led to dilution but the bigger picture simply has to do with the market cap of this company. Under 600M shares at 6 cents= $36 mil. Also, read the recent PR's talking about investors jumping in and look at the conversion prices, all based on higher future share prices- very bullish. If investors can understand how close we are to being in a considerably better position, the PPS will reward those risk takers who understood the scope of this journey, IMO.
NAK- WHERE YE LEAD...
WE SHALL FOLLOW...
Watch what happens next week...
SOMETIMES YOU HAVE TO REACT...
...to all the skeptics. When I saw NAK up 5% and LBSR down almost 10%; I sold some other winners and added another chunk. It took time to fill but I got 'em at .058. I own a small chunk in Big Chunk.
I can wait as Gold marches to $1500, copper hits new highs and Briscoe does his dance. If someone JV's with us and permits work there way through, then many here will have been first to the party. Let it play out...
On Sept 1, 2010, Gold was around $1250 per ounce and LBSR hit 19 cents. Now we watch Gold methodically march higher and many are wondering about this stock. Well one thing is for sure, they still have the same amount of minerals in their claims.
I'll just sit and hold and let Briscoe do his thing. No need to rush and take the first deal, let's get the best deal out there. Maybe it will happen at $1500 per ounce or higher.
I can wait...
Watch the trend...
this will pick up steam over the next few days. The claims are real and the PPS is way undervalued...IMO
If gold, uranium and copper begin their ascent through 2011, then this is an smart HOLD or for those who missed...time to ACCUMULATE.
And yes LTTruth, the one year hold on the warrants puts us in a stronger place. Confidence is building...OMO was right on.
Why do you think investors paid market price with warrants at roughly a 50% upcharge for future conversion?
Because they know the same story many longs have supported here for a long time.
We are just starting and those who got in at these ridiculously low priced shares are the ones who bought on others fear.
Watch the story unfold...
Looks like new investors are coming in. And the warrant prices are up to 50% higher than where we have been building a base. Only $1.235 million raised and thus issued in warrants at a one for one premium- that seems digestible if this thing takes off.
I can handle this...
There is no delay...
Any JV agreement takes pages and pages of legalese. If we get it in Novemeber, we'll be lucky, December will work, too.
If you don't think NAK or someone wants to join with LBSR, then hike on out. As I have been saying, this is easy to hold as gold and commoditiy prices will only keep rising. QE is just the beginning, people have lost faith in the dollar and until real estate recovers and jobs are created, this trend will continue.
You can be fearful, that's normal. But, you can also be assured that someone will be digging up those riches at these price levels. If commodities were plunging, it might be a bit different.
We have a good situation on our hands. NAK has made enough already (in the past several months) to jump all over this opportunity.
I can wait for this story to unfold...
Does LBSR have any gold in the ground?
Enough said.
Added again today before the QE announcement
I added more at .0475 after I saw the MM trying to lower the price. QE is the FED's way of making sure this economy doesn't tank and I also think OBAMA was humbled and realizes that JOBS do matter most. Anyone need a mining job?
The claims will be confirmed and someone will scoop at the chance to take a piece of this pie. Too many resources that will be needed when this economy recovers. Yes, we still have a way to go but holding a gold and copper play while the rest of the world is cooking while we are ready to finally show some economic improvement over the next 6-12 months is an easy play especially at these levels. I still think NAK knew the score when they loaned the $3M.
If any news comes and this moves like it will, my kids will have an all expense paid vacation to college. Holding in 5 accounts right now.
The chatter about the environmental impact will soon pass as jobs and mineral wealth matter more when things are this bad.
Fear is prevalent, no better time to buy.
Maybe by the time news comes, gold will be closing in on $1500 per ounce. China and friends will buy every last nugget.
OMO- I feel your comments have been pulled from my brain.
I was lucky enough to grab my last few batches at .0375 and .039. I loaded up and this is easy to hold since the land is still there and someone will want to start extracting these riches soon as the spring arrives.
I anticipate some news by the end of this quarter and the permit process and all the logistics will take time but will move quickly as world economies continue to improve and QE is put in place by the FED plus the only way the USA is able to service its debt is through inflation and these commodity plays are a good place to be in 2011. No problem for me to hold and not worry about flipping.
Some stocks are for day trades and others are for the long haul. I am fine where I'm at and can wait for this to play out.
Like I have been saying:
http://www.cnbc.com/id/39342209
6 years they have been working on this hoping for a rise in commodities.
JV will happen with someone.
Patience and just buy on any dip.
Don't be afraid...
3 down days in a row- trend will reverse IMO.
Look at the past and you can see that prices rise after a stretch of down days. LBSR is different than many pumper/dumpers and buyers know this. They don't want to be out when a Press Release comes. It's easy to lift this stock and the MM"S may want to cash in on their latest escapades.
Plus more news on commodities:
http://www.cnbc.com/id/39736559
Inflation is the only way we will ever get out of debt. Miners and Metals are a great hedge.
Don't leave now, this is just the beginning of a long haul...
5's, 6's. 8's, 6's, 4's and now 3.8 cents.
I keep adding thinking NAK would not have fronted the loan if they didn't see value. I'll trust their judgment and hold for awhile. Plus I think Gold and commodities will continue their ascent.
Also think the market cap is way too low unless they are only holding pyrite under them their hills.
No problem, no worry, just patience...
Excellent comments about the China factor. Demand will keep pushing up prices and these claims increase in value weekly. Others are observing and leverage for LBSR is looking better.
Another good accumulation day- added thousands at a nickel.
Willing to ride out the 4th quarter. Briscoe in at .038 for 12 months; adding at these levels and waiting....
Management deserves their shares IF this JV proves fruitful.
I have no problem with today's filing- I would do the same thing if it was my company and I had worked for years trying to build wealth.
As commodity prices rise and the dollar falls, most seasoned (ones with a proven track record of investment success) analysts have talked about owning anything related to gold, silver, copper and other essential commodities. In fact, I have followed some who say to own the junior miners as a great play to take advantage of the long term opportunities that exist.
Briscoe deserves every penny he can make if this company does well and I appreciate the fact that his wealth is directly tied into PPS.
I will go out on a limb and say that his joint venture negotiations will be completed this quarter. And for those wanting immediate news or have a day-trade approach, go hit the roulette wheel. For buy and hold investors, this play is speculative but offers great potential. I like my long position and have been adding at these way oversold levels.
How many of you bought stocks around March of 2009 (Dow 6600)? Buy when others are fraught with fear.
August 17, 2010- LBSR- .05 per share; GOLD- around $1230 per oz.
Oct. 12, 2010 LBSR- .05 per share; GOLD- $1350 per oz.
While flippers and MM play their games, these hole in the ground claims are appreciating and all the while the CEO has the benefit of knowing his asset is worth more today than yesterday and the trend will only get better tomorrow. Someone will be knocking on his door...soon enough. No reason not to accumulate if you are a buy and hold investor.
Josey,
All is well on the Midwestern front. Drinking this Kool-Aid and hoping it takes me on a good trip. I don't mind adding as the price drops- the liquidity flooding the world will only drive commodities up. These claims have to worth something to someone, it's just a matter of to who and how much?
Daily volume shows no conviction amongst sellers, just flippers getting in and out. Each day I look at my share total and smile- my other plays are holding their own.
I would suspect the JV will take time... sort of like an "audit" and we know what that means. But at some point the sentiment will push this back up and when any positive news does surface, it should be good. Lots of MO here so let the dice roll.
Peace Brother
J
I can't seem to let go of the fact that NAK provided funding to LBSR after the land purchase. Also the fact that through the settlement with the warrant holders, a smaller portion of shares had a strike price of 10 cents a share.
I am willing to keep scooping up shares knowing what little I do about the potential mining prospects, because a JV seems to me to be an easy way for LBSR to increase shareholder value. The Pebble project seems to be one of the richest deposits on this side of the globe. The potential for mineral wealth is evident as commodity prices continue to rise.
I guess I'll keep adding as flippers keep driving the price lower.
Don't you just love how very few are willing to sell?
Maybe news will come soon, maybe not...but lots of patient investors here are willing to wait it out, especially as commodity prices are at a new plateau and expected to rise as the FED has no choice but to promote inflation vs. deflation.
Seems like a good HOLD to me. Added again at .077.
Keep the faith, these claim are worth more than the market cap, no matter who mines it.
LBSR is now way OVERSOLD. Remember some warrants were issued at 10 cents a share. The warrant holders are not dumb. Only the weak are selling at these levels, this is a golden buying opportunity that will pass quickly. What has really changed? Not a damn thing. When a company is negotiating a Joint Venture, the last thing they do is rush negotiations. If this stock continues to drop, keep adding.
Do what you will, but selling makes no sense at these levels. Even if the warrant holders are unloading, which I think they are not, the market can absorb those shares and this stock can continue to run. The pullback from 19 cents to 5 cents tells you that it is manipulation and fear, NOTHING ELSE.
I still see this as OVERSOLD
I see many sellers and also know warrant holders are holding many at bay,,,BUT the story is the same. If they announce a joint venture and commodity prices stay elevated, this will be a good long term play. I added below 5 cents and see the gamble as well worth it. Some warrants were agreed to as part of the settlement at 10 cents. I'll take my chances, this is way oversold at this point.
Here we go- upward...
The MM's have been playing this daily, look at PINK and PERT- 5000 share lots walk it down then up.
What the hell; small change here as punks are selling their 5K and 10K lots.
I'll keep accumulating at these levels and lower.
I got time to hold.
I heard the word about LBSR and was waiting for the pullback. Good price to accumulate. Nice to see many get shaken out on light volume. Any news and the movement will be forceful.
Long today.