Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
RE:FCX is drilling in the tombstone area for at least a year and also being very secretive as it is their property... I seem to remember there was report that they were drilling down at least 4000-5000 ft ...My Speculation ....they decided to drill that far for a large porphery deposit ...... It seems like all these companies are in search of a Hidden treasure ship in the area .... can this area be the BC of AZ ... wow amazing if it is
It certainly would be better to be able to drill & Mine Year round instead of maybe 6 months in AK...... This is all very exciting
Sageman
Naturally I agree with you on Drilling & especially az since it would be very cost effective......... The Financing companies are mainly interested in dealing with Companies that Have Proven assets in the ground and there ...money is more readily available for investment ... the proven resource question is the problem for raising money for exploration companies ...... The Dreams about BC a major effort that would take multi-millions to proove and Billions and min 10 yrs to prepare for mining is the reason for pause in getting involved by the financing companies with this type of project- take a look at resolution Copper project the cost in the project will be 5 billion dollars & won't be operational til 2021- Hopefully we move in the direction we can manage and afford
Sageman
The Last 10% ..... For a business to make money they must complete
100% of a project and it is typical of Technical people
(JB Geologist) to falter at completing the last 10% .... I worked with programmers who would get Bored and get hung up on some of the silliest things in stopping them from completing their projects and hold back the revenue generation from their work ... There seems to be evidence of that here ..... This is Fixable by setting the proper goals and having the company(JB) be held responsible for meeting them..... If JB is unaccountable due to his postion chairman/Power within the company then History will repeat itself and more years of waiting and borrowing are ahead
Just Sharing my thoughts
Sageman
It seems like there are 2 choices
1) Take down money and wait for the big hit by staying afloat
or
2) Take down some money and start drilling
Personally Take down the money & drill baby drill
one of the flaws with the company is a lack of focus
concentrate on an objective - We don't have the funds to do everything-
Take 1 Million $ and start drill program in AZ prove that resource
and the the rest will be history the entire value of lbsr will sky rocket..... STOP PREPARING(Preliminaries) ON EACH SITE & FINISH THE PROCESS ON ONE SITE ...... It seems logical to drill AZ since it would be the least expensive to start......
Finish a Project already
Sageman
Share Your Pain.... With any type of Investor relations this stock
could really move ..... With All the Action around Tombstone admitted in last PR big SRK Report .... TMBXF only get 10k $ invested for the week ...... Serious lack of promotion....
LBSR the latest to pick up claims next door has lots of interested investors and trades over 1 million shares on a Bad day
Maybe They should take a page out of their book.... The SP will sit here because investors don't see Liquidity and a trading opportunity..... Losing Patience here... since you met CEO maybe you can get his attention to provide more transparency to investors as to plans & timetables ...On the positive side when he does a PR it has Lots of meat in it BUT Tell Him WE need EYEBALLS ALSO
Sageman
Excellent insight by VP AZ - He certainly would be an asset to the board ..... invite him to join us
Sageman
The post came from their 2-6-12 press release about receiving a 43-101 It's the 4th Paragraph down --However they have not revealed the contents of the report also seems to be the latest moves by these guys as JB also not revealing results ..... They seem to be working from the same playbook ....HMMM
Sageman
Obviously these companies know each other and as far as I understand there is some kind of mining/engineering/Geologist association meeting that they all attend down in AZ ... Sounds like a good Old Boys club to me .... Just Speculating ... Wonder what other plans they may have TOGETHER
Sageman
Sorry for lack of comprehension..... There just seems to be a lot action in SE AZ area just copied this tombstone pr notice(see below) 2 large companies 1 is definitely FCX don't know the other and 2 other exploration companies lbsr is one + another and everyone is going to Drill
Other Adjacent Properties and Land Owners in the Tombstone Mining District
Two international exploration companies are known to have recently located active mining claims and prospecting permits adjacent to the south of the Company's(TMBXF) land holdings. As well, two other exploration companies have recently purchased parcels of historic patented mining claims and located properties, and have also been very active in current exploration and plan for future work and drilling in the district.
Where there is smoke there is Fire and it is definitely very HOT in AZ right now ( couldn't resist last line
GLTA
Sageman
The answer was on the message board this morning from Tracy- LBSR doesn't want to give an exact location because we might further our claims again!
LBSR is an exploration company and is not letting up on finding MORE minerals to be claimed.
Tracy did not make sense since anyone could look up who held the claims also it's my belief that JB made those claims with some good idea that the ztem done on TMBXF went into adjacent properties that he has now put claims on since he could see the reports on the tmbxf site and actually make sense out of them... to complex for me to understand but as a professional geologist .. he could easily figure out geography etc.
Sageman
I believe all claims are open to the public for viewing at the az claims office why would that be said & also by viewing the Tmbxf ztem which seems to indicate that our property already has indicated porphrery deposits as TMBXF has inadvertantly ztem our property also JMHO--- difficult to read the ztem maps but it seems to me they did ztem area north of their property also which I believe is our southern property --- being the conspiracy theorist Iam & the Fact the wording is the same on The SRK reports "precious metals etc"
Sageman
Thanks Ice & Mars for replies .....The Context of the discussion on board at the time was concerning buyouts and I really was asking some feed back on what the board thought the effect if any
the 10 million dollar raise would have on a Buyout
I'll go first I don't believe there will be a buyout as the Vultures out there won't offer a price worth considering ... After we drill and proove what's there then we may get some credible offer.
so my thought using 10 million for drilling is worth the dilution for trying for the big prize my take has always been half a loaf
is better than nothing
Sageman
Well what value did JB put on the company with the present offering 10 Million $ raise ?
Great finally some news .... Any idea what the report says or when we'll see it
Hopefully some promising news
Sageman
AZ can be mined year round ... has infrastructures..... professional miners ..... and a very friendly state for the mining industry and there are coompanies like fcx mining in the county ...... This certainly looks like the play
Sageman
Finally an explanation on HOW this ( Very Creative)Financing could work to bring in the 10 million dollars to get the drilling started and yes under the circumstances this was probably the Life preserver the Company needed- Thanks for the Courteous response
Sageman
Greenbay.... It's really misleading to say 10 million financing since with restiction 5% ownership and Current SP It is NOT FEASIBLE
Sorry ... Why would someone sell shares and lend it back to sell more & make 27 % per week Like a Shylock... How does this profit the shareholer?
200 million share allotment ? You would need a 4 Billion share float for them to get 200 million shares The numbers are mind numbing
at current price LBSR can only raise 1 million dollar SP .03 & 5% restriction --------- Mathematically show me how you raise 5 Million & stay within restiction never mind 10 Million Raise
Hey Guys- First I am Not a Typist- Only Can be succinct-
Just trying to explain the Limitations here
We need more $ to Drill 5 Million Minimum if they dont raise capital and this is the only thing they come up with then the restriction becomes the 5% stock ownwership and if they sell shares into market then it becomes a back door dilution...please some help to explain the issue ...can someone see what I am trying to bring to the table as to what I perceive the Problem to be ...... HOw can they raise 5 million today to DRILL otherwise doesn't move us closer to a Value asset in the ground
Time for Dinner
Sageman
It will cost a minimum of 5 million $ to drill and proove any asset in the ground unless we get to .20 it won't be done and all that was done is to raise capital to Pay SALARIES... aim I missing something .... ask tracy how many sites we can drill & the cost
Just Analyzing for the BOD
Sageman
Company obtain 1 million dollars for 35 million shares diluting the shareholders in the process without any gain to shareholers thats a problem for me
Sageman
Re: new funding my understanding 1) 27.5 DISCOUNT FROM 5 DAY AVERAGE PRICE stock available for sale immediately
2) 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
A) Does the stock make a Big bullish move upward to get most $ possible
or
B) Does JB use it to keep doors open
GLTA
Sageman
It depends on the area coverage and the extent of the report
ranges from 150 - 250k is best guestimate based on some previous ones Ive heard about
Sageman
Cash flow Positive Cash flow Positive Cash flow Positive...
How many times have we heard this.... Off with his Head .......
Can't Take it anymore
Are We out of cash ? Balance sheet 10-31-11 said 182k left and we spend roughly 70k per month....... Did we get some recently ?
Anyone!!!!!
Sageman
No Problem...I'll send your regards to Fred (Fred Schepisi) also
Sageman
I'll Check it out... Thanks
Great - Post the number to call and the address so I can send them a Letter
try calling the company or Gleacher and see the response you get
"Never invest in anything that eats or needs repainting."—Billy Rose, composer and investor
The lesson: Any investment that depends on repeated infusions of cash probably isn’t as good an investment as it first seems. Even if we try to take these ongoing expenses into account, there’s a good chance that we will underestimate them.
Example: Those who are tempted to take advantage of today’s beaten-down real estate prices by becoming landlords should speak to a few other landlords first to get a clear picture of what they may be getting themselves into
Apply this Lesson to current circumstances and see the results
Sageman
Fairy tales may come true if it happens to you are young at Heart
Otr is correct ...believe me there is nothing in Tombstone why is JB even bringing it up
GLTA
Sageman
sorry don'tunderstand your reply
show a profitable mineable claim!
Has anyone spoken to anyone at the company...... the contact info on the website is not correct in particular their address and phone #..... if anyone has correct contact info please let me know
GLTA
Sageman
Hopefully I missed something ..... How do we get to the next quarter without cash according to balance sheet......
Will anyone hazard a guess as to how much Dilution will be suffered for the 25 million investment? Normally along with the investment comes the inevitable reverse split 10:1 my guess but that gets us to .30 not enough to get on major exchange.... Any thoughts anyone
GLTA & Happy Investing
Sageman
Notice.... All our properties are located near properties that already show results by accident or ..... fill in the blanks
Regards to All
Sageman
Someone with a Brain Yea Yea
The truth/love sometimes hurts ........ consider Why are all the claims near sucessful sites with large potential/proven in the ground resources ... Is that by chance or plan with ulterior motive.... Connect your own Dots .........
GLTA
Sageman