Let me repeat something.

"While this sounds like bad news, it does not eleminate the possibility that a deal or deals are in the making at present."

LBSR has many prospects in the Hay Mountain area. That the company continues to seek partners/finaincing does not preclude the posibility that they are even now nearing an announcement on Hay Mountain. If this is so, they certainly can't hint at it, but also need to push forward on securing deals on othe properties, and Phase II drilling financing.

At worst, nothing has changed but timing.

All in my opinion, of course.