Replies to post #6619 on Liberty Star Uranium and Metals Corp (LBSR)

[Dreamchaser]

READ EVERY POST FOR TODAY . . . MY COMMENTS

I must say, what an exciting crowd we have on board. Welcome to all newcomers. I took notice of the arguments over the present situation for LBSRE and here is my comment:

For one thing, it may be that note holders were settled first in order to get them off the table. Now that the note holders are gone and the door has been shut, LBSRE can now hammer out a partnership with NAK. Although it appears that the debt is still there,still, further negotiations have resumed. I believe this is the reason for the short term loan. That loan should be included in the new partnership with NAK, in my opinion. Some of us had a hunch to get note holders out first. We were right. For sure, NR-95 is a newsletter declaring the note holders are gone. That is the whole intent of the notification. How they got rid of the note holders was for the most part a little tricky. For that reason, many on this board remain confused.

As we get more details on the partnership with NAK, or any other partner: I feel we will not be disappointed. And while most investors know that more news is to come, I feel that LBSRE will continue to act as it did Friday. When we do get word on the finalized partnership, this stock could go ballistic. I cannot see that selling now is the best thing to do.

There are three more newsletters to spike LBSRE: partner news, drilling news, assay reports on cores.

This is not a time to sell as some might think. Even if we dip, it's okay. The long haul will be worth waiting for.

For a lot us, we bought shares in the teens. These are great positions. Just imagine missing the next 10 runs.

[onemessageonly]

With regards to an open book, refer here.

"for purposes of the joint venture, Liberty Star shall make its books and records open to review by Northern Dynasty and Northern Dynasty may review such facts in connection with Liberty Star’s business, properties and legal and financial status as Northern Dynasty may reasonably request to ensure compliance with the representations of Liberty Star and terms hereof;"

Northern Dynasty will look at everything, including all claims, and all matters concerning Liberty Star Uranium. This is at their discretion.

There are about 45 days left to come to a joint venture agreement.

"Notwithstanding any other provision in this agreement, if Northern Dynasty and Liberty Star are unable to agree the form of joint venture after 60 days from Closing then the Loan may be called by Northern Dynasty at any time and shall be due 45 days after being called ."

You should assume that there are others hoping to repurchase the debt immediately if such would apply. You should be tempered with any exit of a position held due to the time frame. This is very similar to the time frame issued at the time of the default notification. I was able to increase a position at the original buy in due to the ignorance of a few that misunderstood the default. It narrowed the fruition.

Good luck.