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Super - I totally agree with you. I made several calls yesterday and also email's to my most trusted friends and family and told them about LBSR. I did so because I firmly believe there is a HUGE upside potential here. I sent them all the DD links that have been provided on this board for their review.
Most of them know I have been in this stock since 2004 anyhow and that I have been through the ups and downs...and the recent most down time is when I decided to really stock up. I am so glad that I did.
I expect over a million shares to be traded just from the people I told about this over the weekend. Not a huge amount, but about 45K shares for each one, and maybe 225K shares for one of my more affluent buddies.
GLTA
Yes, Mr. Briscoe stated openly to investors that they were sitting tight awaiting Northern Dynasty's outcome and to let Northern Dynasty which already had "PROVEN" assets do all of the groundwork in environmental and political road paving.
This is just about complete, and yes, everything points to permitting starting beginning of 2011 and going forward from there. Northern/Anglo/HD have expended hundreds of millions of dollars to make this one of the biggest mineral finds in the WORLD and the WORLD needs these minerals.
GLTA
Brikk and SGR, I totally agree with both of you on not only the DD, but also on the fact that the Pebble project is gaining much more public support. The last chart I saw was 71% in favor, 29% against.
The local area people are also now FOR the project. Norther Dynasty along with Anglo-American have spent something in the order of 186 million dollars on environmental impact studies, hired the best engineers for this SIZE AND SCOPE of find and are doing everything to satisfy the local environmental concerns.
As you also stated, the jobs are very much needed, and I believe the local politicians have been totally briefed (I read that in one of the articles) and they are almost all in favor. There is one past Governor I believe against it, and of course the fisheries are afraid and against it. But, I don't think anything will stop the largest mineral find in North America from going through to fruition. Everything I have read indicates it is going forward.
I think this week we will see more volume and the price begin to move up...just a gut feeling.
GLTA
And, here is an interesting article from a few years back which helps to clarify some of the initial findings of Big Chunk as well as the land holdings at the Norther Arizona Super Pipes Project area. An interesting read as well for those new to this company:
http://www.thefreelibrary.com/Liberty+Star+Announces+Technical+Evaluation+of+Data+from+Big+Chunk...-a0140238824
Yes, I have to agree that all of the DD that has been put together on this board is very good. As mentioned before, I have been with LBSR (LBTS / LBSU) since nearly the beginning in 2004. They were formed in 2001 but began trading late 2003 as I recall and I got in at 1.86 back in 2004. Yes, I have continued to average down over the years...and at near the low bought another 100,000 shares because I had a feeling they would come back from the ashes.
Waiting for the "earn-in" agreement to be finalized and signed and then the new release to come out has me in stitches...it is so fun to MAKE money on something you have believed in for so long, but the economic and environmental factors had to all come together.
You are all absolutely right, besides the deal being put together right now for the Alaskan Big Chunk and Bonanza developments....the Arizon Strip and over 300 breccia pipes ALREADY under lease and contract for Uranium extraction is more HUGE potential for LBSR. We also have some huge Copper property claims south/east of Tucson, AZ and also more in the South-Western portion of the state. I also believe we still have some properties in Nevada as well....but I can't remember if we sold those off as part to raise some capital when times were tough.
For any newbie out there......it is my humbloe opinion that this stock/company has a LOT of upside potential in it...and it could happen sooner than anyone notices...and once the breakout occurs over .035, I think there is going to be a "ROCKET" effect higher and we will NEVER see prices this low again. Again, this is all in my opinion as I have been watching this stock since 2004 and if you read the other posts on this board, you will soon realize the VAST POTENTIAL in getting in this for a very low price RIGHT NOW.....that is if you can get some shares....it is very TIGHT right now as the vast majority of holders KNOW the IMPACT the next News Release is going t have.
Everyone have a great Sunday...and let's see what next week holds in store for us. I suspect if we don't get a news release this week, we will trend sideways to slightly higher as shares become more and more difficult to come by.
I'm pretty sure I pointed that out.
GLTA
It's .014, My GOD, I didn't know this small bit of information would pitch such a panic with you guys.
I am already loaded up with hundreds of thousands of shares. As posted many times, I got in this company back in 2004 and have road the roller coaster ride ever since. I really loaded up my boat at .0019 and now I couldn't be happier.
No need to debate the little gap I pointed out....it may or may not get filled...I was only making an observation for those who follow 10 minute charting....that is what you use if you do day trading, which I do....but not in this baby.
GLTA
I'm speaking of the gap on 7-21-2010 at 11:40AM on the 10 minute charts.
They don't always get filled, but more times than not they do. The charts/pricing/swings have a way of balancing themselves out.
Really, there doesn't need to be much debate about something this simple.
It is the lack of volume that makes it all that much more likely that there would be a pullback to fill the gap. IMHO.
I don't care if it does or not...I am in for the long haul and always have been. I was pointing out technicals for the charts.
But, if we go higher, and the gap doesn't get filled...I'm okay with that too.
I see some very strong charts shaping up. We are above the 20, 50, 200 day ema's on all charts, we have a great Andrews Pitch Fork as shown earlier, we have a cup and handle formation, and we have incredible fundamentals all coming into place as well.
I think we could see a drop back to .014 today to fill a gap..but after that, we will close even or higher in my humble opinion. .0155 now looks like decent support and .032 is resistance. Once we take out .032, I think we are on the way to spring much higher. Also, once the earn-in agreement is finalized, we will see LBSR really appreciating in value. We are WAY WAY WAY undervalued at these prices. The news has been the best I have seen since I started buying LBSR (LBTS) back in 2004
GLTA and have a great weekend !
My friend, the post was PUBLIC and not aimed at you. It just so happened that your post was the last one at the time...and I wanted OTHERS who are new and asking questions to look at just a bit of the fundamentals.....the charts are speaking for themselves. So please, don't be offended by my very innocent post of the news that Brisco released with the ZTEM
Really, just read the findings they reported below. Read it SLOW and COMPLETE - What does it say ???? BIG NEWS !!!!!
TUCSON, Ariz.--(BUSINESS WIRE)--Liberty Star Uranium & Metals Corp. (the “Company”) (OTCBB:LBSR - News) is pleased to announce that it has received the completed 2D ZTEM Report for the Big Chunk South Block from our geophysical contractor Geotech Ltd. This professional report states that their interpretation “shows at least 6 to 7…signatures…that are consistent with porphyry copper responses…Comparison against ZTEM 2D resistivity inversion results have defined resistivity features that resemble typical potassic-altered core and pyritic-propylitic halos over known porphyry systems, extending to great depth (>1 km or 3,000 feet).”
These anomalies are in the size range of the footprint of the nearby Pebble deposit(s), also within the Big Chunk caldera, and go to significant depth. Stated in the report, “Porphyry coppers…tend to be associated with pronounced resistivity highs associated with a potassium rich altered core, surrounded by resistivity lows associated with pyrite propylitic alteration halos (i.e. Mt Milligan, San Juan-Lone Star, Morrison etc.).” This is the Porphyry Copper Model, which Company Director Dr. John Guilbert co-developed and is described and illustrated in his book, Geology of Ore Deposits.
Comments James A. Briscoe (P. Geo), the Company’s CEO, “This is the culmination of our seven year long painstaking exploration process starting in 2003 with recognition of potential for numbers of porphyry copper occurrences along the moat zone of the Big Chunk caldera, hidden under post mineral material including cover left by glacial action. All of our collected millions of pieces of exploration data fit together like a complicated but now essentially completed puzzle. Our geochemistry tells us we are in the proper metal zone(s) and the ZTEM tells us porphyry systems are present and gives us specific targets to drill.”
The Company continues aggressively to seek joint venture partner(s) to drill these geophysically defined porphyry anomalies.
John10204, If you go away just because of one post, well you are hurting yourself. This company is the REAL THING. But, go away mad and you will miss out on a chance of a LIFETIME. I have been waiting 6 years for all of the dots to line up to make this things IGNITE and take off.....we are ALMOST There.
Gotcha, but my point was to illustrate that there is much more here under the surface. NAK/Hunter would have never bought out the creditors had there not been a REAL REASON TO DO SO. That is WHY we went from .0022 to .031 in under ONE WEEK. I LOVED IT...as I have been averaging down on this since 2004.
GLTA, and as you have seen, many nice charts have been posted. Some showing the consolidation, some showing the cup and handle formation, some showing the strong EMA's....but ALL OF THEM are very important...because..ONCE THE EARN-IN is a DONE DEAL...WE ARE GOING TO GO HIGHER - GUARANTEED !!!!
Let's be patient and watch the FIREWORKS !!!
Have a great day !!
To All Other long term holders of LBSR: I really think a LOT of people who are posting here (not the core group) are missing the point. I don't think we really need to be talking about all of the speculation in share price. What I really think is the most IMPORTANT POINT is this: LBSR was already in default to the noteholders. NAK with Hunter came in and bailed them out. Why would the bail them out ? Because they KNOW that the land holdings are worth BILLIONS down the road. They sure didn't just come in and bail them out because they felt sorry for them.
NOW.....I firmly believe for CERTAIN that once the earn-in agreement is INKED, this stock is going to do go BIG TIME TO THE UPSIDE.
I AM NOT ANY PUMP AND DUMP guy either. I have been investing in this company since 2004. No Hype, No Pump, Just purely what I sincerely believe. I have not sold a single share with this move either. I am in this for the LONG HAUL.
GLTA true invstors !!!
Seth, you appear to be a sore loser who got out too soon. It doesn't matter when they drill, the writing is on the wall my friend. Don't try to scare other's out of the stock....they will hate you later once the NAK deal is INKED with the share-in of the Liberty Star holdings in Big Chunk.
Sorry to call you a sore loser, but you sure appear to be one.
Really low volume considering the news. I think that everyone has their shares TIED UP and thus the low volume. Once the price goes higher....we will see some more volume and then the BIG BOUNCE effect higher. SLINGSHOT EFFECT IF YOU WILL !!!
GLTA
Stochastics are showing support at .024, and we are beginning to turn upward...hopefully some trading will resume and take us up to .03 so it generates some more buying interest.
GLTA
Dragon - I will be holding most til $1.00 per share, the selling 1/2 and holding the other half til $8.00
Yes, I have high hopes for this longer term. As you know, I am not a short term LBSR investor !!!
GLTA
Awesome post - I like it - and I have been onboard since 2004 and it is a very good recap. Some ask whey they went so far down in price. Several reasons...but mostly the long wait on environmental approvals which they let Northern Dynasty tackle. Secondly, the diversification into the Super Pipes project in Arizona. Thirdly, the land holdings costs...and forth...the financial collapse.
But, now !!!! We are back on the right path.
GLTA !!
The chart is saying to me "WE ARE GETTING READY TO MOVE HIGHER" in the next 5 minutes...it is now 2:45PM and counting.
My TD Ameritrade shows the E gone, but it also just shows LBSR at .0022 now...not with the nice weeks run up since the news was broke about the payoff and contract with NAK. TD Ameritrade hasn't really been the best platform, although I keep them for now until I "REALLY" begin trading again.
I kind of fell out of trading for awhile. Today marks one year that I had to give my father to the earth. It seems that took quite a bit out of me and for some reason, my trading just got really bad. Must be a psychological block or something.
I am hoping and praying that the LBSR run will turn things back around for me and I will again start doing DD every evening on stocks that my stock screener turns up. I used to spend countless hours enjoying that.
Well, let's wait and see if the removal of the E, the base built, the consolidation, the BUY SIGNALS all generate more momentum for us today.
GLTA.
I DEFINITELY WILL STAY TUNED...AND AS I HAVE TIME AND THE CHARTS SETTLE DOWN JUST A LITTLE BIT, I WILL SHARE SOME THOUGHTS ON CHART FORMATIONS FROM EMA'S, MACD'S (CUSTOM), MONEY FLOW, AND ADX.
I'M LOOKING FORWARD TO THE DAY WHEN WE ARE BACK TO AT LEAST $1.68 PER SHARE....THE PRICE WHERE IT WAS WHEN I FIRST GOT IN BACK IN 2004
HAVE A SUPERB EVENING - AND HOLD ON FOR THE RIDE TOMORROW. TODAY WAS AN EXTREMELY STRONG COMEBACK !!!
I PERSONALLY WILL NOT SELL A SINGLE SHARE. I DAY TRADED FOR A COUPLE OF YEARS, AND I AM FAIRLY DECENT AT CHARTING AND WRITING MY OWN CODE....BUT, THIS ISN'T ONE THAT I WANT TO DAY-TRADE.
I HELD THIS ALL THE WAY DOWN.....DOUBLED DOWN AT THE LOW...NOW I JUST WAIT AND SEE WHAT THE FUTURE HOLDS. I BOUGHT INTO LBTS BACK IN 2004 AND HAVE BEEN ON THE UPS AND THE DOWNS. I HAD BOUGHT AND SOLD AND MADE MONEY ON THOSE MOVES. THEN, WITH MANY STOCKS....THEY GOT HAMMERED BY ILLEGAL NAKED SHORTING..BUT THEY DIND'T HAVE ANY MONEY TO DO ANYTHING ABOUT IT. THEN OF COURSE, BEFORE NAK GOT GOING ON APPROVALS AND SUCH ON THE PEBBLE PROJECT, THEY DECIDED TO LET NAK DEAL WITH THE STATE, PERMITS ETC...AND THEY DECIDED THEN TO CONCENTRATE ON THE ARIZONA SUPER PIPES PROJECT. THEY EVEN BOUGHT SOME DRILL RIG AND BEGAN DRILLING THE BRECIA PIPES....I PERSONALLY WAS NOT HAPPY WITH THIS CHOICE ON SPENDING CAPITAL AT THAT TIME. FROM THERE, THEY CONTINUED TO DIVERSIFY LAND HOLDINGS INSTEAD OF CONCENTRATING ON FINDING ORE....AND WE WENT TO SUB-PENNY FROM THERE. IT WAS REALLY BAD PLANNING IN MY OPINION, BUT I AM JUST A SINGLE SHARE HOLDER WITH HUNDREDS OF THOUSANDS OF SHARES. I DON'T HOLD MILLIONS OF SHARES.
BUT, I HAVE HUNG ON FROM THE BEGINNING AND I STILL WILL HOLD UNTIL I FEEL THE TIME IS RIGHT TO LET SOME SHARES GO...AND AT THAT TIME, I WILL ONLY SELL HALF....KEEPING THE OTHER HALF FOR SEVERAL DOLLARS PER SHARE. I WILL BE VERY PLEASED AT THAT TIME...AND I AM ACTUALLY QUITE PLEASED WITH EXACTLY HOW THE MARKET IS BEHAVING RIGHT NOW. IT IS NEARLY GOING JUST AS I MIGHT HAVE THOUGHT. ANYONE WHO BOUGHT THE DIP AT SUPPORT NEAR 012 TODAY DID WELL. GLTA
There was no gap to fill....this was a GOOD CLEAN RUN UPWARD, this is just some of the people taking THOUSANDS of dollars in profits before the next leg up. We were WAY OVERBOUGHT, but things will resume upward soon.
The NAK contract deal had everything to do with it. Google, Yahoo, Bing, those help a LOT as people see headlines..and this contract deal made headlines on many trading sites. It literally had knocked my socks off....well, at least blew the toes out of them when I noticed what was going on.
ALL LONGS, if you have not already done so, please take all your shares and place them into active order status with sell orders WAY UP ABOVE the market price so that they are taken out of shares available for trading. We don't want any SHORT SELLERS using OUR SHARES to short the market and keep the price low.
I'm excited about what tomorrow and this coming week will bring.
Dragonball, yes, others from the other board would probably enjoy joining this one. There are many here who are participating and it would make the board even more enjoyable. I like it already.
As for Farky FARK FARK......I don't know what happened to him. I know he was a Southern Californa "Orange County" boy....not sure where the winds have taken him or if he even still has any shares of LBSRE.
I'm going off line for the day as I have many things to do.
Everyone enjoy and GLTA !!!
Hey Dragon, I just signed up because I saw your posts here. This is "moldovabound" from the other board you and I used to post often about Liberty Star. I like dragonball have been following Liberty Star for a very long time. I first invested in LBTS back in 2004 and have been averaging down ever since that time. For those doing DD on this stock, there is a long long history here.
They have enumerous properties with HUGE potential. The Big Chunk and Bonanza properties were the primary focus back in the 2004-2006 time frame. Then as Northern Dynasty and Anglo American were dealing with the Ecological issues of the Pebble project, LBTS decided to use some shareholder money and start staking out claims in North-West Arizona above the Grand Canyon that has been known to contain huge amounts of Uranium. They shifted company focus to Uranium as Northern Dynasty did all the legal legwork and politics for the Alaskan claims. They changed the company stock symbol to LBSU at that time. They then also started to buy up potential copper areas in Southern Arizona south east of Tuscon and also to the West not far from the California border. They again changed the company stock symbol to what it is today LBSR...the E added because of the lack of reporting and being potentially delistd from the OTCBB. This should be cleared up very soon and we will be back at LBSR. What you do need to know is this...with Northern Dynasty now being BIG BROTHER, we should continue up up up up up up in price. I first invested in LBTS in 2004 and as they went down, I just kept buying. I was very very frustrated but I felt strongly in the potential of the company. I like Dragonball have hundreds of thousands of shares....and with the past 2 days I am almost even on my investment. Yeah....almost even...that tells you how much money I have had tied up in this company. So in closing, you can spend MONTHS doing DD on this company. What you need to know is that they have spent huge sums of money on acquiring high-potential properties and doing all of the testings of these properties....and they have HUGE POTENTIAL to be an $8.00 per share stock in my opinion. I think this week we will continue to go up....will have a pull-back, then continue up for some time to come. GLTA