Liberty Star Uranium and Metals Corp (LBSR)

[WillyburgD]

My opinion is that NAK signed that letter agreement w/out real intent of putting in $10M to develop the Big Chunk claims. I think they merely wanted (i) our claims not to fall into the hands of vulture funds and (ii) LBSR to sit idly by and not conduct drilling which might upset their precarious fight to get the mine permitted. When we decided to drill, the loan got called. Perhaps there isn't bad blood b/w JB and RT, but I wouldn't think either would be itching to do another deal w/ the other. But what do I know? (Not much!)