Here is the way I see things. I feel that Mitsubishi interest in the Big chunk caldera has not disappeared. By Mitsubishi selling shares of NAK, they have made enough money to spread around the caldera to fund other exploration companies in need of drilling. This may quad-triple the money they made from Pebble. Again, common sense tells me that they take their winnings before a court ruling is announcd and use those winnings to further their interests close by. Will Mitsubishi put some money on the table for LBSR? Well, that's a good question and one we will need to wait on. However, we cannot rule out that possibility until time passes. What we need to keep in mind is that the Big Chunk caldera has the ability to become the largest mining attraction in the world. Yes, I know there are opponents, court cases, jewelry industry madmen and more; but what some fail to realize is that this kind of mental mayhem is very typical in most exploration phases like Pebble today. But, the heat is really about the location of Pebble. The caldera is huge and offers safer locations for a mine. I know I am repeating myself, but maybe Mitsubishi had to sell shares to satisfy further acquisitions. All said, a wait-and-see attitude is needed for many things concerning LBSR
For one, Charles Vollmer introduced to the board of directors is not a small issue; that is, if everyone looked into him after his appointment. To me, I feel that Charles vollmer is part of a much larger picture . . . Mr. Othon's move up as well. With the big picture, I would expect a restructuring of some sort to follow. But, here's the thing we need to keep in mind right now: For sure, LBSR is working on getting the stock price improved as we hear about so many meetings and such taking place. So, until we get word of something opposite, I feel LBSR is a safe investment.
Then there's the pps fluctuation that so many seem to grumble about. All said, the pps seems to be pointing at .04 no matter how far it falls; so, I would buy the dips and hold those shares for the long term. That's my opinion because it does seem to have a good floor at .04 if you look at the charts. Because there is a floor, MM's will not like the stock just sitting still and will want to play it. Thus, we may witness dips along the way. In summary, I feel the mystery involving LBSR will hold us up until we get news that is solid.
All in my very humble opinion
AI
