HERE ARE THE FACTS- UGLY, BAD and GOOD-
NEGATIVES-
1. JB may be an accomplished miner but has poor management skills. He has been ineffective and sometimes misleading with information and updates provided to shareholders. This is a dangerous trend.
2. Investor Relations do not exist for this company. What exists is almost the equivalent of letting a child drive a car. Sorry Tracy, but you need to go back to your day job. In fact, we do not need an IR department, not in the least, and certainly not one that lacks any credibility. All communications should come from the Company including good news, average news and bad news.
3. We need a new web site that is current with ongoing activities and displays even a modest dose of professionalism. If someone is going to plop money on the table, first impressions DO matter. It has to be updated as needed. Heck, find a college kid to run it- they are masters in this universe- trust me I know- and they are cheap.
4. Discuss all the details of the JV with SAGE. Too many unknowns including whose idea was it anyway. This deal has an odor to it and has left many pondering "what the heck is next?"
5. Very difficult time to get funding from others...as JB has basically admitted. What options are next... does LBSR have an option?
6. Fill in the blanks shareholders- _____________________(many concerns, many questions and lately many more doubts)
THE POSITIVES
1. Our Claims- As commodity prices rise, we only get better.
2. Our market cap- cheap unless the majority of our claims are worth little.
3. OUR CLAIMS...again and again- you have to do something.
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I am holding and watching but sense that management may not have a Master Plan.
