Replies to post #44584 on Liberty Star Uranium and Metals Corp (LBSR)

[bluebird50]

Two links in management there......

[onemessageonly]

Much confusion regarding the joint venture. The agreement is as such:



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 .
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7353166

This was why there was an urgency to be in this equity prior to labor day. Of course, the company had a saboteur being the former note holders. But the reality is that a joint venture is not secured until the money is spent. It is currently being spent, and there is roughly usd six million to go. I am excluding the debt owned due to the fact it can be applied to the earn-in, as it ultimately will be.

This company has essentially zero debt, given that fact, and a viable claim status within that caldera, be it elsewhere.