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Re: Sagemen post# 87771

Wednesday, 02/01/2012 6:26:11 PM

Wednesday, February 01, 2012 6:26:11 PM

Post# of 173212
Here goes: Say on draw #1 they buy 34M shares from LBSR. Great. Forgetting the discount, let's just say LBSR gets about $1M and Fairhills gets their shares. Looks like that amount of shares would put them at just about 5%. SO - they sell their block of shares (or some portion thereof) into the market. PRESTO! They can now buy additional shares from LBSR, giving LBSR the proceeds (at a discount) and continuing to hold or sell the shares as they see fit. Repeat.
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  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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