Liberty Star Uranium and Metals Corp (LBSR)

[fargo9]

The noteholders have only so much leverage - depending on whether Briscoe has the funds lined up. If he does, then the noteholders must comply with all the terms of the agreements (whatever they are)and Briscoe can say goodbye to these guys.

On the other hand if he is short some coins, then the noteholders can press for concessions up to seizing the assets. They might be willing to work with him and roll over the whole thing, leave LBSR as the operator, and refinance the project going forward, or they might want the assets. Maybe they have a major player in the wings.

Someone posted that Briscoe initiated this whole thing. If that is true then I'd say that is a pretty bullish sign. I can't imagine anyone opening themselves up to the risk of losing these assets unless they had good reason to think they could cure the notes. I'm not sure how this all came about however - don't know exactly what triggered the notes.

Some other opinions and ideas?

Again, just some random thoughts/opinions/guesses. Do your own DD

F9