Forward split dividends rarely turn out well in OTC markets...
...and the company issuing them could attract much more attention and shareholder loyalty by issuing a real dividend. Why don't they do that instead? Because they don't have the cash or revenues to do so, which should tell you everything you need to know about the real value of your free dividend shares. I've seen it a few times and it seems to always be a ruse.
I consider LBSR a high risk speculative investment, but the addition of Brett Gross to the BOD, the spinout of Hay Mountain as a subsidiary, and the pending meeting with a representative from Dubai are all suggestive of a deal (or two) in the making. Add the potential for revenue through leasing North Pipes and I like our odds more now than I did when we were still joint ventured with NAK.
The knowledge and experience of Briscoe and Guilbert could become tremendous leverage when a suitor steps forward and agrees to fund one or more of our projects. When gold was retreating from record highs in the 1980's, some huge names were about to be made from the discoveries and acquisitions of stocks that big board brokers laughed at. Price spikes in the precious metals sector garnered attention from funding long after the price had topped out.
As a person who grew up around smart, rational and scientifically literate people, I see the power inherent in knowledge that the markets are slow to comprehend. Seeing a trend based on facts not yet widely known is one of the few ways to beat the markets. Briscoe's methods are solid, and the assertions derived from them are backed up by some vary capable sources. Can he close the deal and bring the shareholders to the promised land? It remains to be seen, but I am encouraged by recent developments.
Go LBSR!
