I think today's news is OUTSTANDING...
NAK can't do anything with us until they get their own permit process going and approval is granted (or very likely-95%+ granted). All of these payments are buying them and LBSR time. We are free to look for other suitors (offers) and yet they still have us under their wing.
The story of raising cash for other business operations still exists and will be the next hurdle to overcome. If SAGE has any legitimacy, and in fact turns out to be invested in our success, then all kinds of possibilities exist.
I am much relieved today to see NAK is, and continues to be, what we had originally hoped for. Their mission along with its success to develop PEBBLE still leaves us with an enormous unknown upside. IF RT and NAK wanted to pinch us, now would have the time. JB and RT must have something going on. Remembering too that JB and the BOD are underwater on the options and are feeling the pain just like shareholders, means they must be working OT trying to find a fix.
I think the market is going to notice this news and receive it favorably over the next month. By the end of December, will SAGE add to our upside- is still an unknown.
Lastly, although we have been beaten and hammered, so have markets throughout the world. This may be seen as bad news going forward, but perhaps it will result in huge liquidity injections worldwide, which will help our commodity claims nicely. Either the world goes into chaos, wars ensue and social unrest explodes OR money is injected in the veins of all broken economies...??
I still like what I own and have been buying steadily in the low .02's and below. We aren't finished...by a long shot.
Enjoy Black Friday knowing 2012 will put LBSR well into the Black.
