Liberty Star Uranium and Metals Corp (LBSR)

[JoeBobBigPaw]

How is this for DD (some of this may be admittedly a bit old since I haven't been following LBSR for some time - I would imagine the reality is be even worse today)

In 2004 Liberty "Gold" had:

Shares outstanding: 37.5 million
Price: March 25, 2004: US $1.53
Market cap: US $57.3 million

In 2014 Liberty "Star" had;

Shares outstanding: 829 million (after 1 for 4 reverse split equaling over 3 BILLION shares issued
Price: Feb 25th 2014 : US $.017 representing a 99% LOSS in share price!!!
Market cap: US $14 million representing an 75% DECREASE

In addition:

They are presently under litigation

They have ZERO $$$ to finance any exploration

Less than 1/2 the land position it did in 2004 which Briscoe has been systematically selling for pennies on the dollar to pay for attorney fees and lawsuits.

Many "exciting" drill targets identified which have yet to be drilled. Alaskan properties completely dropped even though they supposedly contain 7 or 8 Pebble's. If you believe that it would make it the largest copper/gold deposit to have EVER existed in the HISTORY of mining.. yet LBSR sits at .017. Strange isn't it?

Now they claim Hay Mountain is the next Northern Dynasty, yet have absolutely nothing of value to back up such empty claims.

Not a single JV offer despite "exciting talks" since 2008 including the dissolution of LBSR's "common law marriage" and "intimate relationship" (Tracy's words) with NAK even though NAK entered into a legitimate JV with Full Metal Minerals - whose property lies within the donut hole of the "caldera" (which at this point is pure speculation or propaganda depending on how you see it) and therefore should have little to no minerals in comparison to LBSR... and wait.. doesn't LBSR contain 7 or 8 Pebble deposits? Why would NAK have zero interest in LBSR's AK properties if it is so rich with minerals?

Doesn't it make sense that I and many other investors dating back over a decade, have come to form the opinion that LBSR is either a scam or run poorly and are surprised that it is still able to sell even a single share?