Thursday, May 05, 2011 1:43:02 PM
BUT, a lot of knowledgeable people were already into to the stock by this time. I respected their judgement and my own DD as I consider myself pretty knowledgeable in this area, but as I said I found the price too high. I was just late in hearing about it. I very much liked the Big Chunk story, however, and followed Liberty Star closely ever since. About the time the stock fell into my comfort range, the company announced acquisition of the claims in the Arizona Strip, so that cinched it for me, as I am also familiar with the history of uranium mining there. So, I bought. Much later, and being discouraged over lack of progress demonstrated by the company, I bailed.
In '09 and '10, I ended up getting in and out a couple of times, because I couldn't believe that all the claims in the stable by that point could be worth so little as reflected in the capitalized value of the company. Discouraged again over lack of progress I was out entirely by the time the results of ZTEM survey were released, but I failed to act then. However, I began buying again when the deal with NDM/NAK was announced, and I am thrilled that progress is now to be seen on multiple fronts. I'm also thrilled that the market is "giving" away shares at these prices. Half of my holdings have been acquired in recent months from the upper 2s to the lower 4s. ...still buying on dips.
I almost never say such things, and it embarrasses me to do so, but this is by far the potentially most rewarding vehicle I've ever seen in my decades of speculating in the exploration-phase mining sector. I see this as potentially more rewarding me as my best ever pick, which was Diamond Fields Resources. I bought DFR for 50 cents back in the early '90. It was taken over by a major a few years later for what amounted to about 43 dollars per share. Too bad I didn't have more at risk in that issue. I'll not make that mistake on this one.
VP in AZ
Recent LBSR News
- Form 8-K - Current report • Edgar (US Regulatory) • 10/01/2024 07:27:16 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/16/2024 09:29:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/11/2024 10:08:33 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/06/2024 03:02:23 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/04/2024 05:46:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/26/2024 06:41:04 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 07/26/2024 09:00:19 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 07/16/2024 02:37:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/10/2024 08:12:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/10/2024 08:11:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/09/2024 09:21:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/18/2024 09:31:01 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 06/14/2024 08:30:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/23/2024 08:34:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/21/2024 10:10:34 AM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 05/15/2024 09:04:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/13/2024 10:13:24 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 06:43:08 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/15/2024 07:20:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/13/2024 09:17:20 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 02/09/2024 08:57:35 PM
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