Replies to post #124219 on Liberty Star Uranium and Metals Corp (LBSR)

[one4theroad]

If you think finding the money, at the right price, to support ZTEM and drilling is easy enough that failure merits your scorn, then why don't you raise the money and do yourself and the rest of us a big favor?

With all do respect leifsmith, that "money" was or has been available. I don't need to point out the obvious to you as I'm sure you can read the financial reports but $50+ million has come and gone under Briscoe's watch and yet some of the super optimistic don't see a problem with this? It was mentioned how quick Briscoe was able to put together a plan and drill Alaska, it is my opinion that was a strategic move of desperation knowing payment to NAK was coming and any work being done by someone other than NAK in that region would bring unwanted attention to Pebble. A gutless but wise move to clear some debt of the books of LBSR. How are the rest of the leased claims to be paid? With money or girl scout cookies? More dilution! So now there are not enough funds to ZTEM, well, when your broke, best to live within your means right? ZTEM is not essential to drill, hell ZTEM has not been around that long yet other companies produce core results without it. And if AZ is JB's bread and butter, with all of his geological expertise, and knowledge from the industry as a whole that AZ potentially has some large ore bodies, you mean to tell me ZTEM is a must? I say bull spit. The logistics in AZ are much different than AK, hence ZTEM in AK a necessity. Not AZ. That is a piss poor excuse to justify piss poor business execution. And even if ZTEM is essential, there has been plenty of funds at LBSR's disposal. If, IF, Briscoe was that confident about AZ, we wouldn't be having this conversation, period. It is a matter of business management and execution. I don't buy for one second that ZTEM results are gonna produce funding for drilling, scrap the ZTEM and drill a few holes with that money. There is a severe lack or understanding of cost/benefit analysis and responsible finance management and that will continue to be the nail in the coffin for LBSR until shareholders start demanding accountability and results instead of making excuses for the company. Look where commodity prices are today, in the toilet. Look where the mining sector, including jr/explorers, is at today. In the toilet. We have some of the big boys in mining down in AZ all around JB's claims and the "million$" of wealth they hold, yet cannot raise some funds for ZTEM or drilling. What is wrong with this picture leif? For those who day trade or have a PP with JB, or bought in lower than the current price, all is good and everything else said about this company comes with a motive. That is the type of typical penny stock attitude that comes with irresponsible management. I want answers and results, not excuses and justifications. Enough is enough already! There are other explorers out there that had no ZTEM and drilled their claims, many sit worse than where this is today, but at this rate, it is long past time to be questioning Briscoe.......

[gempicker]

Leif,

With all due respect, I think there are a bunch of cracks in this whole concept of LBSR lacking funds to move the ball forward... You cannot reconcile what was accomplished recently in AK and the historical success with private equity.... with we are short a minuscule amount of cash to proceed..... It is not adding up..

Sniffs of stalling. For what purpose? I have my ideas..

[kickedoffagain]

I would like nothing better, and wish I were so situated.

Alas.