Your sentiments are not uncommon, but your suggested conclusions differ from my own.

Should the deal with Genesis conclude sooner than later, the breadth of dilition expressed in the existing financing will not be reached, as operating income going forward will be more than covered - LBSR will have cash flow, in fact.

This does not mean that the company will stop wanting to sell additional shares under a new and more-favorable-to-shareholders agreement to cover development costs of their own on, say, works associated with HMSP (though likely not including Hay Mountain itself).

As I see it, the deal with Genesis will close, though we don't know when. I also see further dilution beyond that point, but coming at a time of rising share prices and on more favorable terms.

Besides, and like someone else pointed out here, LBSR quite uncommonly remains debt free.

Yeah, progress is painfully slow with disappointments along the way, but progress is being made none-the-less.

At least the company is not making these deals on financings with those who would demand reverse splits. IMO, that could be far for damaging to the interests of current shareholders than what you are pointing out.

Given these thoughts, what would you suggest the company do differently to cover operating costs and draw the interest of partners?

VP in AZ