new shares
in response to
by
posted on
Jun 18, 2015 11:18AM
Combining Classic Mineral Exploration with State of the Art Technology
Do you see the 5 billion in new shares as anything more than just a way to keep the company operating for a while by selling 10 to 12 million shares a week? Or is there something between the lines? The document says the company has no knowledge of any takeover attempt. As you say, at this share price it is not feasible to release huge amounts to fund drilling. Could it be a statement to one or more potential partners that LBSR can wait them out and get the deal the company wants--in other words, LBSR is not desperate and vultures may as well not start circling? I don't know how many shares the really disenchanted posters on the other board hold, but I think we can count on them to vote "no" on increasing shares.