Re: puzzle
in response to
by
posted on
Apr 16, 2015 08:18PM
Combining Classic Mineral Exploration with State of the Art Technology
I have to agree regarding the unreasonable expectations of an immediate deal from the trip to Manila. I still see these trips as very valuable, but they are of a benefit that is more cumulative in nature as I've said before. They are about laying the groundwork, and in some cases I feel confident that we have moved into further stages.
There are a lot of projects within Hay Mountain that need funding, and the more potential investors there are, the more likely it is that we'll get that initial funding for the first project. I think that once the first project is funded, it will open the floodgates so to speak for the other projects. It will be a boost of confidence and other investors will want to get on board before they are left out.
The same effect I think will be seen once NPSP closes but in part due to a different dynamic that I explained in a previous post.
I think the next 8 weeks or so will be very important, and news could really break at any time. People need to have a long-term mentality, though, and not get hopes set so high that not having them met immediately leads to bitterness. I agree with VP that many people will seriously regret dumping their shares in what can best be described as a tantrum. I know there are other reasons for selling shares early, but we all know that many dumped them for the wrong reasons. I'm still a long on LBSR, and have over 1.6 million shares that I'm not letting go of out of fear that is pretty much baseless at this point. I only point out my shares to validate VP's assertion that many are in "strong hands" and that is why volume is relatively low.