Liberty Star Uranium and Metals Corp (LBSR)

[autovaton]

I was at the Charlotte meeting as well. It was great to meet Mr. Briscoe and hear him speak in person. He really does seem to care about the shareholders and tries to do the right thing when making decisions.

It spoke well of his character that he has tried to build a good relationship with the Alaskan natives--allegedly unlike others in the region.

He is envrionmentally conscious, but not like the whackos.

It was good to hear the history of the company and how close things came at one point (a few years ago) to having to shut the doors. Apparently he was given a very lowball offer for the company when things were looking grim, and he refused. Then things began to turn around. We are past the toxic lending now and on much better footing.

It was also good to finally hear the real reason behind the failure to move forward with the NAK 60/40 venture. Briscoe never signed the papers because he felt we could get a better deal. I asked him if it was likely that NAK would call the loan. He said that is certainly a possibility, but He hopes to pay them off as soon as we can.

One new piece of information that has not been mentioned. I also asked him the likelihood of a reverse split taking place to get our stock price up for recognition on the higher exchanges. He said something to the effect of "Oh, I'm glad you asked about reverse splits!" like he had some info that he really wanted to convey.

He kept referring to a reverse split as a "reset". He said he consulted his lawyer friend about resets. His friend apparently told him that he has never seen a reverse split where the stock held its new value after the split (I'm assuming he meant penny stocks), so they did not do any good. He then said emphatically "No resets!"

So looks like he is assuming we will have value enough to make the number of outstanding shares not an issue.

I think I also heard him say that they had raised about $500,000 in private placements so far so they would need $1 to $1.5M more for drilling in AK.

While there is certainly still risk involved, I came away from the meeting encouraged in what I own.