My take-away from what I have read in the minutes released from the meeting is that some of the funds raised from the new shares authorized and issued will be used to self-fund a portion of the shallow leeching program in order to prove some deposits and gain investor interest as well as get some cash flow going. There would still be room for smaller investors to invest in this leeching program as well. This is a strategy that, if I am understanding it correctly, is encouraging.

I still feel optimistic about LBSR and feel good about having bought another 550,000 shares today. That is in spite of my frustration about how long things are taking to fall into place. It's important to remember the overall climate we are operating under, and that LBSR management is doing extraordinary work in spite of strong headwinds.

If anyone has a different take on the results of the meeting, I'd love to hear what you have to say.

Wesley