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Thursday, September 08, 2011 1:09:54 AM
...that LBSR investors know all too well how many frivolous lawsuits pop up in pennyland. There is no shortage of offshore scumbags seeking expired warrants, dubious settlements, in a nutshell, free money. Honig may have come upon his defendant status more-or-less honestly, although I won't know until doing further reading.
But the company needs to be clear regarding the strategic planning behind this move. Obviously the funding for drilling is primary, and gold and copper are currently seeing much higher demand than uranium, perhaps justifying a compromise on the NPSP claims to expedite Tombstone, BCSP, etc. The minority partner agreement may work out in the long run, if the deal results in revenue, and if that revenue is properly applied to the company's projects in a way that produces value for the shareholders.
My gut tells me we should have done better for that many claims.
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