Replies to post #42791 on Liberty Star Uranium and Metals Corp (LBSR)

[scoreoneortwo]

The good thing is that China venerates the elderly so he should help in that regard.
I am anxious to get this done sooner rather than later as some experts see rough times within the next 6 months.
See http://www.shadowstats.com/article/hyperinflation-2010.pdf

Economist John Williams has been warning of an economic collapse for a few years. In his latest Shadowstats.com report, he says, “. . . the U.S. remains the proverbial elephant in the bathtub in terms of pending effective sovereign bankruptcies.” Williams thinks it will all hit the fan within 6 months and is predicting a dollar catastrophe. Europe is a sideshow to the coming main event. Williams says, “The various European crises remain an intermittent foil for the U.S. dollar, pulling market attention away from the unfolding solvency crisis in the United States and a likely move to massive selling against the U.S. currency. Accordingly, high risk of the early stages of a hyperinflation (see Hyperinflation Special Report) beginning to unfold by mid-2011 continues.

[xZx]

hkipp, thanks for reiterating this. it's unfortunate how the allegiance of some, or (more aptly) their faith in basic DD, is driven entirely by short term price fluctuations. this is how people lose their shirts in the market: they buy a stock during a rally and believe in the story, e.g., thinking the ZTEM is at the core of our value, then all it takes is a few MMs shaking the tree during tax loss selling season, and all logic goes out the window.

suddenly, it's as if the ZTEM doesn't exist, and the JV with HDI is make believe. huh? we all saw the tape today. nearly 16.4M shares changed hands. talk about redistribution of wealth. if briscoe's recent meeting in china was #3 out of 5 total, which is reasonable for deals of this magnitude, then we might be only two meetings and one major PR away from our biggest rally ever.

obviously, this is a speculative play, and it always has been, but some things are going to remain constants until proven otherwise. i'm here for the ZTEM that attracted the attention of HDI. i'm here to see core samples coming out of the lab. imo that's a clearly defined investment thesis, and it won't change with the candles on a chart.

[ontherise]

Briscoe is not a capable CEO as proven in the past as well as present, he may be a phenominal geologist, but the buck stops there. You put him on a pedestal improperly. Our PPS suffers due to mistakes made past and present and will continue until he is replaced or we are taken over. I have faith one of the two will happen. All IMHO of course

[StrengthenNumbers]

Briscoe is not an ideal CFO...



...but there aren't that many people who could look at the mineralization and geology at Pebble and make the leap to understanding that it was a section of collapsed caldera. That little piece of information was the catalyst that lead to the initial claims, the ZTEM survey, and the eventual acquisition and drilling of some of the claims by NAK. The chance to trade on that info while the stock is under a nickel is a long-term speculative play, and a good one as I see it. Letting the JV partner prove the reserves will keep the cost down for shareholders while the news itself should put some real legs under this stock. The budget is there, the agreement is in place, and any positive results, on the NAK claims or the LBSR land, should benefit the stock.

Pebble was proven without ZTEM. Briscoe's surveying of the NAK claims for comparative data was a stroke of brilliance, because it instantly put the LBSR claims in the same league with Pebble for anyone with a grasp of the technology. It should also make the drilling accurate and straightforward compared to what NAK had to do.

So events are scheduled, progress is being made, and smart people are seeing opportunity in the current PPS.