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LBSR has been pretty active on Twitter. If nothing else, it looks like this Vegas show should bring some new eyes and hopefully new investors here. Is anyone here going to make it to the show?
-RipCity
Been a while since I stopped by. Good to see the same old doom and gloom. Anything new worth noting?
Does anybody know why the company renewed the North Pipes claims?
I thought they can't be mined for 20 years or something. Did I miss information?
I can't imagine keeping claims with a 20 year wait to drill.
Thoughts?
GLTA,
RipCity
I'm accumulating... Am I someone?
Thank you sir.
Where do you see NR? Am I going crazy? I can't find it...
GitReal,
Come on, we all get what you're saying but you have never attempted in any way to obtain this info.
I'll tell you what. Write a post here of what you want to know with specific (realistic) questions and I'll post it on the other board for you. Maybe management will answer a few of them.
You complain about the lack of data but have never asked.
-RipCity
More?
You mean more than zero?
Yes I agree, we need to drill more than zero holes!
GLTA
-RipCity
Nothing really "slimy" about an update or a plan (whatever this is)
I just thought maybe I missed something.
Why do you think this press release would cause people to buy shares?
Do you think this could be preceding a larger event? Or was it just intended as an update?
I guess if nothing else, it at least moved a few shares...
I'm confused a little. Is this news implying that phase one is starting soon?
If not, why is this news?
Any ideas?
-RipCity
Did you just volunteer to be our Admiral Farragut?
As a navy vet (submarines) I may even up my unit commitment if we are going full speed ahead!
Do you know if anyone has reached out to Tracy with the crowdfunding idea?
It's only unrealistic if LBSR is unwilling to play ball. Worth a phone call I figure.
Exactly. Hit the nail on the head.
I agree with you here. I personally have no emotional attachment one way or the other. To me it's just a little money, and it came from other gains so it's all gravy. I hope we drill and maybe this turns into something exciting but until then I'll just continue to accumulate a few shares here and there and be entertained by the message boards.
If money in general gets people so worked up and upset they may need to take a step back and reevaluate a few things in their life. It's just money.
GLTA,
RipCity
I don't really consider you one of the negative posters here. You have opinions and are open to other people's opinions. You also explain why you think what you think. That's way different than "thin to Triple zeros" for 4 years in a row or "turd Briscoe" every day
For me it all comes down to what peoples goals are here. To me this is just for fun. I've lost more in Vegas than I have in LBSR both have provided entertainment. I am serious when I say at this point I have wasted too many hours reading about and following LBSR to not see what's down there. I'll ride it up or I'll ride it down. Just curiosity at this point. I said I would get out if JB didn't drill by March but JB called my bluff. Here we are I even still accumulate here and there but mostly out of boredom... Or too many beers.
GitReal if there was a gofundme or something of that nature that offered discounted shares and was for 6, 1000' rotary holes, would you pitch in?
Anywho I hope there continue to be lots of posts tomorrow.
GLTA,
RipCity
At this point, Im just an abused house wife that needs some closure. He keeps beating me but I always come back.
The valuation didn't even phase me. I just have to find out if anything is really down there. As soon as we drill a few holes, one side or the other (longs or haters) is going to get a huge "I told you so" and that will be enjoyable reading for days or even weeks. Man work will fly by with all those message board posts to read.
I think a gofundme is great. It's like a contingent investment. Imagine if you could invest in Tesla but agree they only get the money if the release new models. It takes away huge risk (haha well not in this case but you get my point). Realistically the shares would have to have a time frame (like a private placement) stock price will jump a little just on news of drilling.
If I buy $5,000 on the open market then put $5,000 towards the gofundme then sell my market shares as soon as share price doubles (it would on news of drilling) then I just created a free "investment"... I like the thought.
Wait... is that illegal?
GLTA,
RipCity
If we could get JB to agree to say, 6 holes with rotary, this could be a real viable option...
This movement needs a leader.
I'm the first to call NOT IT.
Congratulations, you don't have to pitch in. Hold your pennies tight. Especially if they are pure copper!
Those are the exact questions I would have. My point is more that, in theory the idea is good.
It would almost be like the gofundme (if funded) would then be a $2,000,000 private placement.
How a gofundme generally works is as follows.
An amount and a time frame are set
Ex: $2,000,000 in 30 days.
A unit price is set
Ex: $2,000
A return for said unit is set.
Usually the return is the product that is being funded. If the gofundme is developing sunglasses, and the product gets funded, every person who donated said amount would receive 1 pair of sunglasses.
In our case, maybe $2,000 would get each donator 1,000,000 shares. (Or whatever number)
So, if the goal is met in the time frame, everybody who pitched in revives the compensation.
If the goal is not met, nobody is out any money.
The advantage for us is we could facilitate drilling while being rewarded with cheap shares. It actually makes a lot of sense for all parties. It's almost like saying I will buy stock but only if we drill...
That being said, I have no idea if this is legal or possible but I like the idea.
Yea. Depends a little on time frame but I'll just sell all my current shares to pitch in... Wait, that might be dumb. I'll have to think this through but I'm good for a few units for sure.
If you get it together, I'll take 5 units. That puts us at 6.
I'm sure unit orders will roll in. People love crowd funding.
I'm only kind of kidding...
Gitreal,
I'm hoping you will shed some light on all this "folding rock" business. does this interview shed light on anything to you or is it more smoke and mirrors?
I am below even at the moment with my average share price at .0033 but like I said it depends on the day.
And what purpose would it serve to show you that I am telling the truth?
On that same note, what would I have to gain by making that up?
Don't get me wrong I have lost money here in the past. I originally got in at .04 but got out at .03
Luckily I had some gains that were timed well and bought a large chunk at .0016
None of that even matters I'm just tired of being told I'm down 99% day in and day out. The guy that posts that lost around 200k on LBSR if my memory serves, so I understand his frustration but you gotta let go at some point.
GLTA
Maybe your account is down 99% blame yourself for those choices. Mine is basically even depending on the day.
GLTA
this video sucks... can you just continue posting Brazil farm pics...
glad to see you around.
I noticed the same thing. It would be nice to see buying continue through the day.
Hopefully there will be an interview released on Monday.
GLTA,
RipCity
I think he means "never make the list" ... Again.
Post#27936
It still sounds like your argument is that because LBSR has performed poorly historically, it will perform poorly in the future. You may be correct but it wont be because your logic makes sense.
Looking forward to the Q&A!
GLTA,
RipCity
Yes, that does help. Thank you.
JB is only wrong... Till he is right.
People are just sparking conversation for the sake of conversation. I wish there was any sort of data to lead the conversation but there is not. If JB was truly a con man, he would have never drilled in AK that was a much better story and could have been drawn out longer. JB wants to drill. My bet has been placed on the fact that those holes will eventually prove JB at least partially correct. It's just a gamble... If this was a sure thing with drill holes and data, I assure you it would not be available for .0029
GLTA,
RipCity
I get what you're saying. I really do, but you are looking at this with the wrong point of view. This is not an investment or a retirement plan. Yes many people have lost a lot of money but that doesn't mean that nobody will ever make money. I bought a large position at .0016 that looks pretty good right now.
My point is, this is a horrible investment... Until it isn't!
I find it hard to believe than ANYBODY would put money here that they were not prepared to lose. I (like many here) think that huge risk is outweighed by the possible ROI if this does hit.
I understand the negativity but I think you also understand the speculation. There is a place for both.
Who knows... What's another 6 months to wait and see?
Side note, I hope that GitReal posts some questions on the other board for the upcoming Q&A.
GLTA,
RipCity
Thank you. The broker question is one I will have to follow up. I would guess Tracy could give me the details.
Does anybody know what the smallest Private Placement allowable is? Or how they work (in general)
What would be the advantage to a PP vs. just buying shares?
We are all making a bet either way. You win or you lose. I'm considering making my position here much more significant but would like to know about how PP's work. GLTA
RipCity
Are copper oxide showings at the surface common?
Yes, I have been following for a long time and I hope your geologist friends are correct. Just need to get those drills spinning!
He talks about a new drilling technology in the interview that is really fast. Does anyone know any more information on that?
Gitreal,
I did notice he didn't say "gossan" through the whole interview. But also didn't address the questions I posted long ago.
Interesting to me how he spoke as if drilling was inevitable but also said that they don't have funding yet.
Could be an interesting week, I hope more news releases to come.