Liberty Star Uranium and Metals Corp (LBSR)

[monsterrat]

If NAK could have seriously taken advantage they would have taken all the claims. They didn't because they couldn't. Brisco had leverage in order to keep NAK from getting everything. Whatever that leverage was (probably some other offer), it forced NAK back to the table to negotiate with LBSR. NAK is in the business of making money - they do not give charity - they did not give a loan to LBSR out of benevolance, It has been speculated on this board that NAK gave the initial loan to LBSR to prevent Anglo from getting the claims if LBSR went bankrupt. This makes sense. Most likely it was a strategic move with the hope that at some point when LBSR was most vulnerable they could call the loan and LBSR would default. Lets not forget that NAK has done didly-squat over the past two years to further clarify the resources on the LBSR claims and all the while LBSR was accruing interest of 10% a year. I do not believe that NAK ever had the best interest of LBSR at heart. They had their own best interest at heart. I am not chastising NAK for this. This is only natural in the business world. At the heart of their own best interest was to get all the claims. I commend Brisco for getting out from under a very difficult situation. I commend him for never signing the 40/60 JV which NAK tried to shove down his throat. I commend him for forcing NAK to make a deal. NAK may have accumulated some chips in this first round of poker but LBSR still has plenty of chips left and after round one LBSR a stronger company and NAK can no longer look at their cards. The handcuffs are off, LBSR is debt free, what LBSR owns is almost unimaginable. Full steam ahead!!!