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I could be wrong here but if NAK called the loan in October and LBSR could not come up with the $ then wouldn't NAK get all the claims by default? Perhaps LBSR was negotiating a JV in Vancoover with some other company and could have paid off NAK in full but the terms of that JV may have been less beneficial that what JB was able to negotiate with NAK. It could be that we were and still are negotiating a JV with someone other than NAK. Why else would NAK even bother making a deal with JB?
The caldera is so huge and the mineral wealth so great that any major mining company that does not showcase itself there in the future, will not be recognized as a major player.
This deal is all good. It gives NAK a mining alternative to present to the EPA ergo progress in the caldera ergo development - infrastructure. Progress in the caldera is good for LBSR and future JV's. I look at the Caldera as a giant shopping mall that LBSR owns a huge portion of. All they have to do now is lease out the shops and collect rent. The EPA may have temporarily closed down one shop which belongs to NAK but they cant close them all down.
The Obama win may actually have been good for us in negotiations with NAK. If Romney had won they would not have been all that motivated to expand beyond Pebble. Obamas win may have forced them to look for an alternative site.
JMHO
NAK down 6.72%
LBSR up 14.29%
CEMJQ - the number of your postings indicate panic!!!!!!!!!!
This is fantastic news and a huge day for LBSR. That old 60/40 split contract that NAK tried to force on JB is now history. From the whirlwind tour I got the impression that there was no love lost between LBSR and NAK. NAK called the loan and JB negotiated something that was in everyones interest. Big chunk is so huge that it will never be all developed at once. Giving away 30% doesn't matter so much since it will take a life time to just develop the remaining 70%., JB your the best. Im looking forward to this stock climbing steadily from here. JV partners will not be hard to find now. All kinds of deals are possible now. We are free and clear!!!! YEAHHHHHH!!!
If I were to JV, partner or buy LBSR I would wait until after the election. The outcome of the election would be a significant factor in negotiating terms, price and conditions, - in my opinion.
I think we are in the doldrums.
bid is .022, ask is .0238 volume is 0
I do not believe PP's get inside access or any more info than the people on this board get.
You do not need to be an accredited investor to do a PP. If your shares are worth over 50K and you have a regular income and some other savings you would probably qualify as a (non accredited) accredited investor. Its just a little more paperwork. Call Tracy and find out if you qualify!
What alias are you going to change to once the drills hit the ground?
At the San Francisco meeting Brisko mentioned something about that if we spend money doing work in Alaska now then we are not required to pay all the yearly fees to the state to keep the claims and that he would rather spend the money on drilling than pay the claims.
I will accumulate some more then turn off this soap opera (Its not even a very good one). I'll check to see whats playing on this ihub soap box in a few months. One thing I have noticed and that is that the negative posters are never satisfied. They seem to identify with problems. When a good news report comes out and their problems are solved - they have an identity crisis and feel the need to create new problems just to feel comfortable. There is no solution for them. I have a lot of shares and am pretty satisfied with the company and its management. See you all in a few months.
Havent sold and will be buying more.
Banks - you can "what if" yourself to death. What if you got hit by a car crossing the street? Is that going to keep you from crossing the street? The people running this company are not delinquents and your venting is becoming tiresome.
I also scored another 100,000 shares over the past few days and yes I do believe Brisko does know what he is doing. Im not too concerned about the current pps as this is a very long term investment for me. The lower it goes the more I buy.
Could it be that Roman Friedrich's involvement with MLV was somehow a conflict of interest in some new negotiations involving LBSR?
Probably one of the insanely negative posters playing games.
Wrong! - I'm buying it!
I had the same problem going through a wells fargo trade account. I then opened up an ameritrade account and can now trade penny stocks directly online. The only other problem I encountered is that ameritrade would not allow me to transfer my lbsr stock directly from the wells fargo account to ameritrade. So now I have two accounts.
I'll volunteer!
I just placed my bid at .042 for 10,000 shares and it got filled at .039
UNASUR (South American Alliance) Foreign Ministers met in Buenos Aires this week to discuss financial integration and independence from the US dollar.
What is needed, is “a common strategy to shield South America from contamination by the so-called ‘central countries’...profoundly sick and fully decadent”.
Gold is not getting stronger but rather the dollar is getting weaker in relation to gold!
Totally agree! LL's sight looks light it should be placed as an add in GQ magazine.
How do we know this stock hasn't been manipulated in the past year by the Chinese to posture themselves for a better bargaining position?
Turning nickel into copper.
Rossi an italian scientist has developed a cold fusion devise, his system combines nickel powder, hydrogen gas, and an input of pressure and heat to produce a large output of thermal energy. One byproduct of the system is copper. Apparently, it is the result of the fusion reaction between nickel and hydrogen.
Don't believe me - look it up yourself. do a search for "Rossi cold fusion".
His devise has been tested and has even been validated by the Swedish skeptic's society.
A Chief NASA scientist, Dennis Bushnell has came out in support of Andrea Rossi's E-Cat technology, but denies any type of nuclear fusion is taking place, saying it is probably beta decay per the Widom Larson Theory.
To quote Bushnell "I think we are almost over the "we do not understand it" problem. I think we are almost over the "this does not produce anything useful" problem. I think this will go forward fairly rapidly now. If it does, this is capable of, by itself, completely changing geo-economics, geo-politics, and solving climate issues.
JEDDAH: Gold prices surged to just above $1,585 an ounce on Wednesday, a record as investors switched to the metal for safety from the euro zone debt crisis.
Im not getting the colorful chart that I use to when I get on the LBSR investorshub site. How close are we to that golden cross?
About a quarter million dollars has traded on this penny stock today!
62,412,000 X 15 = 936,180,000.
I'm now officially a member of the 500 club - actually 550 club.
We closed above the 200 day moving average! Congratulations everybody!
What has happened with FMM stock since their joint venture?
In my unprofessional opinion the caldera and everything it contains is our governments ace in the hole if the rest of the world decides to reject the dollar as the international fiat currency and decides to pick an alternative currency based on the gold standard. Call me a conspiracy nut if you will but I don't think our government wants the rest of the world to pay attention to the caldera at this time. Brisco may not be permitted to say too much. I have nothing to back up my asertions.
I just looked it up then called them - and yes they do provide paper certificates. The Transfer Agent is:
Nevada Agency and Transfer Co.
50 W. Liberty St. Ste 880
Reno, NV 89501-1977
tel: 775 322-0626
fax: 775 322-5623
email: info@natco.org
The procedure is that you must tell your broker that you want to put the shares under direct registration with the transfer agent. They may charge you a $30.-certificate fee which I believe the transfer agent may be charging the brokerage. Then either you or the brokerage contacts the Transfer Agent to obtain the certificates.
Some disadvantages are that if you loose the certificates its like loosing money and they may be difficult to replace.
Also it makes selling the shares a bit more difficult. You may need to mail the certificates to the transfer agent.
Check with your broker and the Transfer agent to see what the procedure is.
Someone mentioned getting stock certificates as a secure way of owning this stock. Does anyone know who the Transfer Agent is for this company?
This will close green today!
To claim "FRAUD" you must prove there was intent! Thats not always easy to do.
Could it be that Mr. Vollmer is working for the US Government and that is why we got him right now?