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Imo, there are still some "buy and sit on it" type of investors here as a result of Pebble and BC....just waiting it out over decades hoping someday something gets developed there. I would have sold NAK today if I owned it too. I think todays volume here could be related to that, but obviously we will never know.
We held up nicely over .02 though. People are buying this and want more.
Yes our claims are where JB/JG think(now know?) the deep stuff is buried. The surface deposits are miles away(horizontally) from the deep stuff. So if we have economic grade ore down there....we have a winner. And if not......well.....I don't think we would be shopping it around to large mining investors.
Just my opinion, of course.
:)
Haha. I know I didn't put as much thought into my post, I apologize.
I would think JB is already talking with "large players". Foreign players. Serious players. It would be perfect if big mining came in after drilling to "up the ante" so to speak. We would certainly be in the drivers seat. But, its hard for me to believe anyone interested hasn't already though 5 moves ahead....and positioned themselves accordingly.
Soon we will know for sure what we hold....and who... if anyone ...wants in.
I understand your impatience. I feel slightly irked about the timeline progressing so slowly too. But, here is my take.
JB has been trying to put forth a viable mineral deposit to the big boys for many many years now. He was riding the metals wave with properties in hand. Good ones. However, the big fish don't like swimming with small fish. Even if the small fish leads the big fish to a whole ocean of food....the big fish will try to eat the small fish in the end. It's the easiest and most prudent thing to do finacially. Why would HDI or FCX come and throw us a bone on a giant deposit....like a 50/50 JV? That incurs a lot of risk with only 50% of the reward. They would rather negotiate a tiny JV like NAK did with us...then wait for us to fold. They know we don't have money to pursue delineation ourselves.
Now....why not release ZTEM data? Imo...we have something big here. Worth potential billions. Big mining here is in no hurry to delineate major deposits. They are trying to control metals prices to keep revenues high and properties viable....much like OPEC with oil. Foreign companies/governments however are needing to lock up major metals supplies for their countries futures. Here is where it is extremely important to keep the cards to close to our chest. We are entering negotiations with foreign entities....and the big boys are looking to prevent major deposits from coming online. Look what happened in AK. Our claims got mothballed by NAK...due to pebble. My opinion is that they never would have developed our property anyway. Or if they did it would be MANY years down the road. We have another shot at big money. This time it would be prudent to keep all the goods news about our claims area hidden until we have finished negotiating this first round with potential investors. We need somebody who wants to help develop HM not just give us a lifeline in a less than favorable JV. And we certainly don't want some big boy coming in to snatch everything else up around us and lobbying against us.
I believe that when the meetings got moved to Oct., JB acted prudently to get investors on a teleconference to "light a fire". We want ZTEM data...he wants commitment on some level from a large investor willing to move forward before releasing data. If HM is as valuable as we think...then I believe the silence is critical and telling. It follows what Tracy told us last month as well. I believe we are basing here and good news is forthcoming.
Have a good weekend everybody.
Keep calm. Hang on. Don't feed the animals.
He was here for Big Chunk, IMO. Not surprised to see him go. Our AK claims are in purgatory at the moment...and for the very near future, at least.
Focus on AZ.
He/she Is obviously playing a different game than us.
My opinion is that ZTEM data is still being sifted and mapped out. They collected a LOT more data for HM than for our big chunk claims. So even though it only took a couple weeks to sort out the data in AK...I think defining each element they are looking for alongside veg/rock samples for final mapping will take much longer for HM. That being said....I think they want all final maps/estimated ore grades/depth for every target before releasing it... Not to mention before final claim staking.
Personally, I would like to see all data sorted and a final HUGE news release about every bit of what ZTEM found and any new claims we may grab...and finally drilling plans. An absence of any of this info will leave the market wondering. I would rather SP leaves the market in the dust.
I agree. I especially like the edit. LBSR has made a habit of keeping expectation low while hinting at the goods. I would not be surprised if they wait to announce new claims along ZTEM results.
Yes I agree.
My original question was in the context of DV being terminated...very good news. I was trying to probe the idea that we possibly no longer "needed" DV...which I believe was the initial run support. That would imply we have money coming from somewhere. I was hoping and still am hoping that we don't have to use another "DV" facility. Others seem to think that having another "DV" with slightly better terms is good news. I think the market is waiting on a JV. I certainly am.
Based on those words I wouldn't be confident of anything just yet. JB/Tracy have a way of wording things loosely....until clarification is necessary. For now I will just take your word for it as it would be good to know there is a backup plan.
GLTU PR!
I completely agree on having extra financing options just in case. I would rather see a scout drilling inclusive 50/50 JV. That is our best option imo. And I think large foreign entities would be more willing to do such a thing...rather than American mining/investors. I have high hopes. But backup is always good....if we do end up getting a new ongoing financier.
I'm referring to the speculated S-1 financier.
The $500k loan is very good backup imo.
I was referring to a new dilutive financier that PoorRich expects to be brought onboard.
Not the $500k credit line.
I agree with you.
Maybe I am missing something, but.... Why would we want/need a new "DV" when we are going to China next month to secure financing/JV?
Running out of material, eh?
Now we wait for the China trip....with bridge financing in place.
Ah. I overlooked the 6 month restriction. Thank you.
Also...the note holder can at any time convert the note directly to common stock at a discount.
Looks MUCH better than our DV agreement. I bet we use it for claims fees.
Some here don't like the way the last week has played out....the way JB/LBSR released info.
Imo, it worked to our advantage to get eyes on this stock. We are up 150% from our recent trading level of a penny. Tens of millions of shares were traded there. Only 4million were traded around .04 yet some people are screaming about how far DOWN we are from recent highs. Those shares were gimmies to anyone with a basis under .02. Now the trader/swinger selling has slowed and we sit at much higher levels than before recent info was known.
We are sitting directly in the middle with giant support under us....and many new eyes watching. Great setup for good news, imo.
I'm with you
That couple mil below .04 was all we needed. Onward!
Won't ride much higher without it.....or volume. I'll take either!
News would be very welcome today.
Uh oh! Too late!
:D
Grind baby. Couple million more between .0375 and .04.
Looks awesome.
Right....don't know where from. But it is ROCK SOLID.
If we hold .032 and make new highs....we will test .05.
I would love to see a couple/few million trade between .03-.032. Even .028 would be alright. Then continue. Confirmation every step of the way.
Makes sense
Those make a little more sense now. Warrants priced at only a small premium to the share price of the PP. Not great news....but not bad as long as we get other good news to build on. Those PP's were a great investment at that price.
No more death spiral financing...WOWSA!
Just having fun today!
Our patience is being rewarded. Congrats to you ICE.
Well.... up 100% would be .014.
I'll let you figure the rest
;)
I don't mean to split hairs.....but its ONLY up 330%.
;)
I completely agree.
Well...how bout that! Who saw this coming?? LOL. I LOVE IT.
Congrats guys!
Absolutely. I think it was coincidence or POSSIBLY a little jumpstart for us on the chart with U plays running. It was not responsible for any follow through.
YUP. Grind baby grind. This is still basing for a much higher move.
I'm not sure why this post appeared again. Strange. I'm not sure how to delete it either.