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Yes, a Turd
Apparently the rest of the world doesn't see it the same way as you ... I guess they must all be blind or crazy since LBSR SP is doing nothing but dropping.
Maybe it is the fact that LBSR has been and is involved in various lawsuits?
Maybe it is because they have squandered all their money and have none?
Maybe it is because they don't believe that there are actually 5-7 Pebbles on the AK properties?
Maybe it is because their are close to a Billion shares out?
Maybe it is because LBSR has been "on the verge" of something great for a decade while accomplishing nothing?
Maybe it is because LBSR is selling its land to pay for the bills?
Maybe it is because Briscoe has proven he can't run a successful junior resource company?
Maybe it is because it was 5-7 Pebbles, then the story became about REE's and then the blue-sky potential became Hay Mountain and investors can see the charade Briscoe is playing?
Maybe it is because LBSR has lost 99% of its value since its inception?
Maybe it is because the market cap is a fraction of what it was in 2004 after a decade of exciting news just around the corner that never materializes?
Take your pick.. I am sure there are more reasons.
An hour? Try 5 minutes...maybe it would take some people an hour.. lol
How is this for DD (some of this may be admittedly a bit old since I haven't been following LBSR for some time - I would imagine the reality is be even worse today)
In 2004 Liberty "Gold" had:
Shares outstanding: 37.5 million
Price: March 25, 2004: US $1.53
Market cap: US $57.3 million
In 2014 Liberty "Star" had;
Shares outstanding: 829 million (after 1 for 4 reverse split equaling over 3 BILLION shares issued
Price: Feb 25th 2014 : US $.017 representing a 99% LOSS in share price!!!
Market cap: US $14 million representing an 75% DECREASE
In addition:
They are presently under litigation
They have ZERO $$$ to finance any exploration
Less than 1/2 the land position it did in 2004 which Briscoe has been systematically selling for pennies on the dollar to pay for attorney fees and lawsuits.
Many "exciting" drill targets identified which have yet to be drilled. Alaskan properties completely dropped even though they supposedly contain 7 or 8 Pebble's. If you believe that it would make it the largest copper/gold deposit to have EVER existed in the HISTORY of mining.. yet LBSR sits at .017. Strange isn't it?
Now they claim Hay Mountain is the next Northern Dynasty, yet have absolutely nothing of value to back up such empty claims.
Not a single JV offer despite "exciting talks" since 2008 including the dissolution of LBSR's "common law marriage" and "intimate relationship" (Tracy's words) with NAK even though NAK entered into a legitimate JV with Full Metal Minerals - whose property lies within the donut hole of the "caldera" (which at this point is pure speculation or propaganda depending on how you see it) and therefore should have little to no minerals in comparison to LBSR... and wait.. doesn't LBSR contain 7 or 8 Pebble deposits? Why would NAK have zero interest in LBSR's AK properties if it is so rich with minerals?
Doesn't it make sense that I and many other investors dating back over a decade, have come to form the opinion that LBSR is either a scam or run poorly and are surprised that it is still able to sell even a single share?
This stock is still trading? I am surprised to see so. I thought for sure that it would be OOB or sub-penny at the very least. Between the lawsuit, no money, empty promises and bad management, I would have people would have completely bailed. Huh???
I feel this stock is primed for lift off.. at .21 it is a no brainer IMO. Juniors who haven't minded a single ounce can be found at .20 a share.
Management is credible as well as capable. Sprott's ownership of 20%+ is a vote of confidence. I think selling a stake in Pinson would be a mistake... it all depends on where one sees gold going. I see $1,500+ in a couple years no problem. In the meantime they are pulling gold out of the ground while they figure out ways to reduce costs at Pinson.
Projected costs to mine Pinson at $1,300 gold is $1,067. I think if we see gold stabilize above $1,450 we will see Pinson back in action. In the meantime, Briggs continues to bring in cash-flow at a cost I believe to be $985 per ounce.
As of Oct 2013, Sprott owns 21% of Atna Resources. That may have changed in either direction.
I have personally never seen so many lawsuits and apparent conflicts with other individuals as I have with Briscoe. I have never met the man, but he doesn't seem to have a way with people (at least when it comes to business) and he always seems to invite hostility. Not good character traits of a CEO.
$5000 for a fluff PR?
Ugh...
Disclaimer says $5000
Liberty Star Uranium & Metals Corp Marketing Services
5000 Cash Company 2012-11-29 00:00:00
Compensation
Emerging Growth Corp may receive compensation from companies listed or from firms working on behalf of the companies listed in the “Research” section of our website. If such compensation is presented, a notice will appear at the end of the affected article. The nature and amount of compensation can be found at the bottom of this disclaimer. Emerging Growth Corp and its officers, directors and employees may also have bought or sold or may buy or sell shares in the companies discussed within the website.
Compensation Information:
Client Name Service Description Payment Amount Payment Method Payment Source Date of Payment
GrowLife Inc. Marketing Services 2000 Cash Third Party 2012-10-11 16:14:28
Athernova Inc. Marketing Services 2000 Cash Third Party 2012-10-11 00:00:00
EastBridge Investment Group Corp. Marketing Services 5000 Cash Company 2012-10-15 00:00:00
Cardium Therapeutics Ltd. Marketing Services 5750 Cash Company 2012-10-08 00:00:00
Athersys Inc. Marketing Services 3000 Cash Company 2012-10-15 00:00:00
Accelerize New Media Inc. Marketing Services 20000 Note Payable Company 2012-11-15 14:58:21
Athernova Inc. Marketing Services 2000 Cash Third Party 2012-11-11 14:59:03
Athersys Inc. Marketing Services 3000 Cash Company 2012-11-08 14:59:22
Greyson International Inc. Marketing Services 1000 Cash Company 2012-11-06 15:00:35
Greyson International Inc. Marketing Services 1000000 Stock Company 2012-11-06 15:01:37
HEMP Inc. Marketing Services 2000 Cash Company 2012-11-05 15:01:37
Liberty Star Uranium & Metals Corp. Marketing Services 2500 Cash Company 2012-11-09 15:03:29
OxySure Systems Inc. Marketing Services 1500 Cash Company 2012-11-15 15:03:29
GrowLife Inc. Marketing Services 3000000 Stock Company 2012-11-01 15:04:05
Xhibit Corp. Marketing Services 5000 Cash Company 2012-11-19 15:04:05
Cardium Therapeutics Ltd. Marketing Services 5750 Cash Company 2012-11-15 00:00:00
GrowLife Inc. Marketing Services 2000 Cash Third Party 2012-11-11 00:00:00
Monar International Inc. Marketing Services 10000 Cash Company 2012-11-28 00:00:00
Monar International Inc. Market Services 1000000 Stock Company 2012-11-28 00:00:00
Liberty Star Uranium & Metals Corp Marketing Services 5000 Cash Company 2012-11-29 00:00:00
iMetrik M2M Solutions Inc. Marketing Services 7500 Cash Company 2012-11-13 00:00:00
iMetrik M2M Solutions Inc. Marketing Services 500000 Stock Company 2012-11-13 00:00:00
Briscoe paid $5000 according to the disclaimer.
http://emerginggrowthcorp.com/disclaimer.php
The sad truth (as I see it) is 2012 WAS LBSR's year to make something happen. Little doubt we will see further dilution.
I see double 0's for 2013.
Looking forward to quoting you on this 6 months to a year from now.
because they like the color GREEN!
And that is fine. I completely support you in your decision and opinion. I don't think you are part of some conspiracy to pump the stock because you are willing to give Briscoe the benefit of the doubt. I have and did for many years. I no longer do. That is fine. Time will reveal who made the right decision and who didn't. This is how markets are made. Believe me, I really had a lot of hope for this company and invested heavily. Sentiment is obviously down as reflected in the share price. This could prove to be a great opportunity for those who are willing to take the risk.
Liberty Star Facts over the past 9 years:
In 2004 Liberty "Gold" had:
Shares outstanding: 37.5 million
Price: March 25, 2004: US $1.53
Market cap: US $57.3 million
In 2012 Liberty "Star" had;
Shares outstanding: 703.1 million (after 1 for 4 reverse split)
Price: December 4, 2012: US $.0165
Market cap: US $11.6 million
Approximately 1/2 the land position it did in 2004
Many exciting drill targets identified which have yet to be drilled.
No JV despite "exciting talks" since 2008 including the dissolution of LBSR's "common law marriage" and "intimate relationship" (Tracy's words) with NAK even though NAK entered into a legitimate JV with Full Metal Minerals - whose property lies within the donut hole of the "caldera" (which at this point is pure speculation or propaganda depending on how you see it) and therefore should have little to no minerals in comparison to LBSR.
Doesn't it make a lot more sense that I and many other investors dating back almost a decade, have come to form the opinion that LBSR is either a scam or run poorly and want to either voice their disdain or help reveal to other potential investors the facts and opinions they have gathered on LBSR?
If our agenda is to bash and push the stock price down so we can eat up cheap shares, what then would be the agenda of people who have nothing but good things to say about this stock despite the share price, market cap, shares outstanding and negative changes land holdings and corporate developments?
Please inform the board as to why it is apparent that I an others have a hidden agenda and are part of a "conspiracy" to mislead potential investors and bring the share price down. Simply looking at the numbers, it seems that the one's pushing this stock are fighting to obvious trend and seem to have an agenda.
That doesn't seem like too much work considering it was over a decade. Besides, he just hires them with our money and they provide the report. What he seems to have worked really hard at and been successful at is maintaining the illusion of hope and potential.
I'm sure a fresh batch of investors willing to give Briscoe the benefit of the doubt will insure a profitable 2013 for himself.
NEWS!!! Liberty Star Changes Direction in Alaska – Seeks Major Partner in Porphyry Copper-Gold-Moly Targets.
http://www.libertystaruranium.com/2008/03/09/nr-72-liberty-star-changes-direction-in-alaska-seeks-major-partner-in-porphyry-copper-gold-moly-targets/
Give it time. It has only been 5 years since this release.
TUCSON, Ariz.–March 26, 2008–Liberty Star Uranium & Metals Corp. (the “Company”) (OTCBB: LBSU – News) is pleased to announce that there have been many positive changes in the mineral property surrounding the Company’s extensive holdings adjacent to the Pebble mineral deposit at the Big Chunk project over the last year and as recently as about one month ago. Therefore the Company will begin immediately to seek joint venture partners from the international community of global mining companies to fully explore our extensive property for Porphyry copper-gold-moly deposits and for disseminated volcanic hosted gold deposits. Our extensive technical studies show anomalies related to potential for both these types of deposits on our land (NR 35).
Four major GLOBAL mining companies are now associated with the area and more than a billion dollars are slated for rapid development of the Northern Dynasty Mines (NDM) Pebble Porphyry copper-gold-moly deposit. Liberty Star controls about 177 square miles (the only non-joint ventured land) in a block covering almost a thousand square miles of mineral claims. The Company’s southern border of its northeastern arm abuts NDM land and is about two miles north of the Pebble mineral deposit (see map). Extensive technical studies by the Company show the mega structures the Company believes are responsible for all mineralization in the area including the Pebble. There are numerous anomalies, of various types generally associated with such mineralization, on Liberty Star land including drill targets just north of our common boundary with NDM. For scientific reasons the Company believes it possesses the best exploration land available, outside the NDM property, which is why the Company acquired it in December 2003.
About a year ago the Company put its Alaska project on hold until environmental challenges had been resolved, and results proved worth management’s time, effort and expenditures. Since that time four major companies have moved into the area taking up positions on all land surrounding the Company’s Big Chunk claims. These companies include Rio Tinto, 19.8% owner of Northern Dynasty as announced January 30, 2007. Anglo American announced on August 1, 2007 that they would buy into a 50:50 partnership on the Pebble Project with Northern Dynasty by contributing up to $1.43 billion towards engineering, permitting and construction of the Pebble mine. Anglo and NDM state that Pebble is becoming the largest Porphyry copper-gold-moly resource in the world with about 4 billion tons of mineralized rock averaging 1.32% copper equivalent grade; that pre-feasibility studies are expected by December 2008, a feasibility study by 2011 and commencement of commercial production by 2015, according to the NDM news release Monday, = February 25, 2008. NDM continues drilling with mineralization open at depth, to the south and to the north. Further, Japan’s Mitsubishi invested in NDM and owns 9.1% as of their announcement February 14, 2008. Adjacent to the outer boundaries of the NDM claims and in the center of the NDM and Liberty Star property over the resurgent dome of the Big Chunk Caldera, Freeport McMoRan has optioned lands belonging to Full Metal Minerals (see map).
The five mining companies including NDM, Rio Tinto, Anglo American, Mitsubishi and Freeport McMoRan control all the land. The only non-joint ventured land is that belonging to Liberty Star – which occupies the continuation of the caldera moat structure which the Company believes localizes the more than five mineral centers including the Pebble deposit on NDM land (NR 35). The company performed extensive and extremely detailed aeromagnetic surveys over the entire land area including about 1,400 square miles (NR 2), performed and compiled extensive geophysics (IP) and collected 11000 geochemical samples analyzed for 63 elements over all of the caldera including all lands (NR 11). Thirty-one diamond core holes were drilled, many wi....
Damn, and LBSR is still approaching a BILLION shares?
Honest answer? Profit. I know it is hard to believe, but perception trumps reality in the market. That alone can save or make a lot of money.
Even if it were true that there are twelve target areas, it doesn't make sense to sell the one target that they have managed to actually drill in the last decade. Especially at a time when this stock is in desperate need of some support to keep it afloat.
I haven't been on this board very much. So I haven't seen other people's take on why the JV with NAK went bust. Any opinions?
That's why I'm annoyed - WE DRILLED. Then we gave the results away. If results were GOOD - that is the ONLY thing that would have reversed this chart. None of this "hide it from the public" because NAK has their own motives.
According to the Alaska Recorder's Office, Liberty Star has recorded a Deed of Trust that transfers all of Big Chunk to Northern Dynasty. See the info yourself at the link below.
http://dnr.alaska.gov/ssd/recoff/sag/NameDocs.cfm?SelectedName=LIBERTY%20STAR%20URANIUM%20%26%20METALS%20CORP&District=320
Properties seem to have potential but management truly does not know how to operate and run a junior resources company. They have had "targets" for years.. yet haven't done any significant drilling. During the course of almost 9 years (since company inception), the share price has been cut by 98%, Briscoe has increased share count almost 20 fold and has shrunk the market cap to 1/5th of what it was. In addition he barely made it out of bankruptcy, sold almost half the property for pennies and botched a potential JV with Northern Dynasty Minerals.
This is the history of this company. FACTS which point to a poorly run company full of promises that will probably never deliver. Good management is VITAL to the success of a junior resource company and this company clearly lacks it.
I initially invested in this company because of the Northern Dynasty JV potential, but after Briscoe messed that up along with selling off properties and promising to drill but never delivering, I sold. Glad I did. Suckers are still trying to pump this so they can sell for less of a loss, but don't buy into it. Don't buy into what they say or even I say. Do your own due diligence and check the history... it all points to HUGE potential, with empty promises and an inability to deliver. To put it simply; management sucks.
I wouldn't worry too much. I think we will see .0165 again.
Yes, it is dated, which is the point they were trying to make. LBSR has been saying the same thing for 8 years.
"Properties seem to have potential but management truly does not know how to operate and run a junior resources company. They have had "targets" for years.. yet haven't done any significant drilling. During the course of almost 9 years (since company inception), the share price has been cut by 98%, Briscoe has increased share count almost 20 fold and has shrunk the market cap to 1/5th of what it was. In addition he barely made it out of bankruptcy, sold almost half the property for pennies and botched a potential JV with Northern Dynasty Minerals.
This is the history of this company. FACTS which point to a poorly run company full of promises that will probably never deliver. Good management is VITAL to the success of a junior resource company and this company clearly lacks it.
I initially invested in this company because of the Northern Dynasty JV potential, but after Briscoe messed that up along with selling off properties and promising to drill but never delivering, I sold. Glad I did. Suckers are still trying to pump this so they can sell for less of a loss, but don't buy into it. Don't buy into what they say or even I say. Do your own due diligence and check the history... it all points to HUGE potential, with empty promises and an inability to deliver. To put it simply; management sucks."
Excellent article posted on another message board.
http://www.investorspecsheet.com/alerts/lbts040704.htm
"Excerpts from a "Buy Alert". Yahoo won't let me post link or paste entire article...
Shares outstanding: 37.5 million
Price: March 25, 2004: US $1.53
Market cap: US $57.3 million
Liberty Star has recently staked a large property position adjacent to Northern Dynasty’s massive Pebble gold-copper deposit in Alaska. The company began trading at the end of February, and is so far almost completely unknown among investors.
Liberty Star’s project is at an early stage, but there is strong geological evidence suggesting the potential for additional discoveries on the scale of Pebble. Northern Dynasty recently published an independent resource calculation that established Pebble as the largest gold deposit in North America and also the second largest copper resource. The 2.7 billion tonne Pebble deposit is part of a vast mineralized system described by the U.S. Geological Survey as the largest of its kind in the world, based on the area on which Northern Dynasty and a previous operator have demonstrated the presence of mineralization.
Liberty Star’s management and technical team includes some very experienced geological experts and that team has been working on the project for more than half a year.
James Briscoe, the president of Liberty Star, and John Guilbert, director, are highly regarded experts in the type of geology that hosts Pebble. The Liberty Star team recognized the significance of the fact that Pebble occupies a portion of the contact area around a large batholith (a rock mass that originated from a body of molten rock that cooled beneath the surface). The circular feature defined by the disturbed area around the batholith is often referred to as a caldera. Metal deposits are frequently found around the periphery of calderas in this type of geological setting....
The area is covered by a shallow layer of clay and gravel, making it difficult to see the underlying rocks and get a good understanding of the geology. Briscoe and his team worked for months to pull together all of the available regional geological information, satellite imagery, and regional airborne geophysics as a basis for the staking. Ultimately, they staked 237 square miles to secure a large property position around the periphery of the caldera.
The team is presently conducting an extensive, detailed airborne geophysical survey over the area. That survey will incorporate the known Pebble deposit, which will provide a reference signature to help identify prospective areas on the Liberty Star property.
Results of the geophysical survey are expected to identify areas on which to begin preliminary ground work, including more detailed geophysics, geochemistry and other techniques. The Liberty Star team anticipates that they will be able to identify drill targets and carry out some drilling before the end of the summer season.....
..... Liberty Star carries a fairly hefty market valuation for a project at such an early stage. The lure for speculative investors is that the geological setting has the potential to generate additional deposits on the scale of Pebble. Such a discovery could generate a very substantial payoff for investors.
In short, if the Liberty Star ground turns up indications of the presence of a deposit like the one located on the adjacent property, then the value of the company could easily be several times the current value. The company has a lot of geological talent, and particularly a lot of expertise with regard to this type of geology. My sense is that there is a very realistic chance that the team will come up with results before the end of the summer justifying a share price that could be a multiple of the current level...
So far, the company is almost completely unknown outside of the individuals closest to the project. I expect that Liberty Star will very soon begin to attract a lot of investor attention, based on the highly prospective geological setting and the highly regarded team of management and advisors. As work gets underway in the field over the coming weeks, that level of interest will continue to build. Although this company is speculative, exploration success could result in a substantial reward for investors who get a position near the current price level."
Yahoo wont let me paste the last paragraph .. it basically says that this is a rare opportunity to get in before discovery's are made.
In the last 8 years Briscoe has increased share count almost 20 fold and has axed the market cap to 1/5th of what it was. In addition he has sold almost half the property for pennies, severed a potential JV with Northern Dynasty Minerals, hasn't drilled anything but a few holes (if that) and still continues to "identify drill targets". Oh.. and the share price? Cut by 98.7%... From $1.53 to .02.
Congratulations James.
This is the history of this company. FACTS which point to a poorly run company full of promises that never deliver.
Why are we up 21% ???
What is it about the news that is so great? They are just rock samples???? I am not putting down, I really don't understand why the news is so great.
Thanks.
Elvis has a point, but so do you (I guess this is what makes the market).
JB isn't the best or most efficient CEO of a junior I have come across. He has fumbled the ball in the past. I do believe that the latest PR's have been encouraging. I was a bit taken back when he announced that they were going to use the loan (10 mil) for Hay Mountain... Then it occurred to me that it obviously must be for a reason. The reason I have gathered is that NAK is basically their partner on Big Chunk and if it is going to proceed, they will be working with them.. unless of course a much better strategic partner comes along (hard to imagine). I will admit that there is a part of me that acknowledges that Pebble and the whole region may be too controversial at this point and sinking money at present would be a very dangerous proposition. Hundreds of millions have gone into pebble and at this point it could go either way.
To be honest, I am actually surprised LBSR is holding up as well as it is. The junior resource market is getting killed... awesome properties with years of drilling, proven resources and feasibility studies are trading for 20 cents or less in some cases. With the discouraging EPA statements, bleak opinion of uranium and nuclear power, it makes sense that the PR's mean little to the market at this point in time.
Reading the report from the EPA, it is clear that the region is being addressed as a whole... if the Pebble ship sinks, all the surrounding claims will go with it.
I don't even know what the "B Team" is. I suppose it is some kind of conspiracy theory on your part.. perhaps a "team" of people trying to bring the share price down because they secretly want to buy or something like that.
I assure you, I am part of no "team". I want to see LBSR succeed.. it is my largest holding (albeit I don't have as much money invested as others). The reason why I signed up with iHub is specifically because of LBSR and to discuss what is happening as well as my concerns. The only other active board I have found is Yahoo. Half the time they erase posts. The other half of the time no one is posting.
I have read several posts claiming that LBSR is NAK's secret weapon which I strongly disagree with and feel it may be misleading investors which is unlikely due to the share price dropping to below .02 but none-the-less, I wanted to share a different view.
If you read the report the EPA put out points out that ALL the properties discussed are going to be disruptive to the water and habitat. Obviously this is going to happen with ANY kind of mining and I do feel strongly that Pebble will be able to come up with a solution to this hurdle. I feel the EPA is a liberal institution which would most likely reject ANY kind of activity which disrupts the environment... I do not feel they have given Pebble an objective look... instead, I think they are judging and commenting base purely on politics.
I think the pumpers are as pitiful as the bashers. I am neither. I have SERIOUS concerns as I responsible investor should if they are invested or thinking of investing.
LBSR is sitting around 2 cents for a reason. and I assure you, it isn't some kind of conspiracy or bashers on some board. It is because this stock is a pure speculative gamble. Period. Therefore, all points of view should be considered.
From the EPA;
"To examine the potential scope of cumulative impacts from multiple additional mines, we consider development of mines at the Humble, Big Chunk, Groundhog, Sill, and 38 Zone prospects. The Humble prospect is located approximately 135 km (84 miles) southwest of the Pebble deposit, and is thought to be geologically and geochemically similar to that deposit (Szumigala et al. 2011). All of the other prospects are within 25 km (16 miles) of the Pebble deposit and may be of the same geologic origin. Construction of mining infrastructure at the Pebble deposit would substantially reduce development costs for surrounding prospects and could facilitate creation of a mining district that could include these sites....
...... Although we cannot predict exact location and size of
these TSFs, were they to be developed, these hypothetical locations should be representative enough to allow consideration of potential cumulative impacts of multiple mines."
They are treating this area as a whole... IMO, if Pebble goes down, so do all the potential deposits in the area.
I hope NAK finds a way out of this major roadblock
Can anyone please educate me as to why LBSR is sitting at or below two cents a share right now and why no one has partnered with LBSR if we have "7 - 11" Pebbles, "less impact" on the environment and it makes no difference what happens to Pebble?
My thoughts are; even if Big Chunk could be developed with zero impact to the environment, the entire district will go down with it. No one would invest millions of dollars in a penny stock that surrounds NAK claims if Pebble does not get a green light.
It seems to me that Big Chunk's fate entirely depends on Pebble. IMO, NAK isn't waiting to see if Pebble gets rejected to then jump on Big Chunk. They haven't gone forward with LBSR because they are waiting for approval, not because they have Big Chunk in their back pocket if Pebble fails.
I have some shares invested in LBSR and am concerned over the latest EPA comments.