I guess you could look at it two ways: the drilling truly is imminent, because it should be a piece of cake to raise $150K. Or, it is just a way to sucker folks into throwing more money at LBSR and no drilling will occur.
If it is the former, and a drill rig does start drilling, I would look for fun times with the share price. If it is the latter, bad times.
Or maybe a third option.....nobody coughs up for any "units", or not enough units are sold to get the rig moving.
Anyway, I am always wrong on this kind of stuff.......maybe some folks more savvy with this stuff will weigh in.