Liberty Star Uranium and Metals Corp (LBSR)

[Fernace]

Lilpuppy, Leifsmith, Learningthetruth, and yougottobekidding me: My apologies for the delay, I am limited in ability to respond so I've consolidated my responses to one post.

Unless you are privvy about the CURRENT ongoing communications/negotiations between LBSR and possible interested parties, do you not agree those statements you alledge, are simply unfounded?

NO

Whether I am privvy to information which is costing me a lot, or not, is irrelevant. The "public" facts are what they are and Briscoe's history is well documented, not unfounded. Everyone here like to "read between the lines" when it comes to understanding Briscoe's reasoning. Many take LEAPS at interpreting a NR, which is equivilant to guessing. For an investor to ignore the financing history of LBSR is like a bank ignoring the disasterous credit history of a self employed, small business owner, who has a great "idea," wants a $10 million loan for his business, and has had the audacity to dilute previous investors, regardless of agreements not to. The business owner has never created value for his business just accumulated debt which diluted previous investors. The bank would never give this person money because it's pretty clear the person is a not a "safe bet" and the "risk" associated with the investment is too great.

Would this conclusion be "unfounded" ? Of course not, it's completely logical and one could understand quite easily why the "small time" business owner will not get a loan. Nor is it a stretch to believe that ANYONE willing to invest in LBSR would want serious assurances against dilution and or stupid decisions Briscoe could possibly make with resources. An investor would most likely want Briscoe out of the "decision making picture" for good. This is a reasonable conclusion, spoken with the conviction of experience, which does not need massive explaining. If one has dealt with Banks, Private Placements, large institutional loans, real investing, or serious negotiations with a group of investors, it is not unfounded to develop 2-3 potential outcomes of an "Soliciting Investors". Typically, a proposal will bits and pieces of all 3 alternatives. The sticking point however, will be Briscoe. His history is what it is; he's an obstacle to progress. Period. Serious investors will not play with Briscoe, they want to deal with reality, not theory. They want assurances, not another property because briscoe had a gut feeling about another "anomaly". The want focus and value building.

Offering these reasonable conclusions is not unfounded, nor is it counter productive to understanding the true value of LBSR. I've challenged anyone to conduct a Financial Analysis on potential outcomes of any deal or Structured Financing, how it would be structured, percentage of dilution, and management structure - critical components to a deal. Midas won't divulge his "thesis" and everyone else hides behind, "well, you just don't know," and "LBSR is not desperate" pleading. LBSR is not in a desperate position, it is in a "Death Spiral" that can only end badly if Briscoe won't step aside. All the failed JV's that Briscoe has initiated only complicate matters further for a new investor. Mitsubishi is out of NAK, so those of you who continue to think that we have some leverage there are sadly mistaken and are falling to Group Think. NAK is faltering because Mitsubishi is gone. If you think you have more info than them, keep drinking the kool-aid. We have absolutely no leverage on NAK - they gave us a gift which values the company at a little more than .03 - then we are NAK's or NAK becomes the biggest shareholder.

I know enough to make sound decisions. I know enough hedge fund guys, large investors, Bankers and private equity groups. The criteria they all use for investing is always similar; managmenet is vetted much more critically than some do here. LBSR is a risk with Briscoe in charge. And since Briscoe is essentially "Management all by himself," ANY seasoned investor would want him sidelined. Those who do not believe this need to take carolina's advice and get a nice whiff of reality, or the stench coming from Briscoe.

This is a great example of hiding behind ignorance.

I'm baffled by why you base your judgement on only necessarily partial knowledge, and assert things you cannot possibly know unless you are a company insider.

I don't know how a retail investor can verify such a statement at this time.

Yet, I am "baffled" at the responses that defend Briscoe with no logic, only with an obstinate clinging to to ignorance and characterization that it is "I" who do not know what is transpiring behind the scenes. Those who defend Briscoe with "not knowing what's going on" should check their premise. We all know what's going on; getting a deal is proving challenging. If you do not understand why it has become challenging I can not help you "know" more, it's all right there. Do we really not know what is going on? Is it that hard to understand that it is difficult to get investors here. Ask yourself why?

Lilpuppy, I respect your points, however, I'm not sure what needs to be verified?

Is Briscoe a good CEO?
Has Briscoe worked out good deals in the past?
Is his credit history good?
And more importantly, can Briscoe be trusted to stick to an agreement?

How much verification do we need to determine that it will be VERY difficult to get financing and the issues all focus around one person and his past actions that have complicated any potential deal. There are too many open ends in dealing with Briscoe. He has proven a liability to LBSR and listing all the screw ups is plenty verification to me and MANY, MANY others here.

I am prohibited from discussing my OT activities here, but rest assured that Briscoe has other concerns right now. He knows what's coming because Tracy the Twit and now Briscoe pay very close attention to this Board.