Liberty Star Uranium and Metals Corp (LBSR)

[StrengthenNumbers]

"That implies that all of big chunk is worth only
16.6 million."



Implications aside, securing the deal with NAK saved this stock from residing in triple-oughts with a Q in the ticker, and was a stop-loss measure at a time when the financial climate was not so great for securing operating capital. Once done, the deal lent a great deal of comparative security for prospective shareholders, not to mention the rise to current PPS. I have no problem with a non-exclusive deal that does all of the above and only tentatively secures a portion of the claims in the pre-proving stage. This deal will look like a prescient and shrewd move down the road, unlike the fiasco with Alpha and Platinum, who may still have chains to rattle as we climb.

But the private placement and the "pirate placement" means the shares will lock down and the price will run up. Simple question; who wants some shares of the biggest pile of precious metals the world has ever seen? China? Sovereign multinationals? UAE wealth funds? Hedge funds? You?

'Nuff said.