Re: IF DEALING FOR FUNDS NOW
in response to
by
posted on
May 18, 2016 03:38PM
Combining Classic Mineral Exploration with State of the Art Technology
This seems like a good place to ask a question (for VP or anyone) that has been on my mind. I know you and Willy have expressed strong feelings about the full CA term require by LBSR. Hypothetically (but possibly) what if no CA is announced in the next few months. Unless a JV agreement is reached with a JV partner who has already signed a CA agreement, a CA would be the next news of any bearing on S/P to be released. Now let's say dilution continues and some of the low voulme days we become the norm. How long will the exisiting shareholders who are buying continue to do so with no known progress and continued dilution? I bought some shares a few weeks ago, so I include myself in that. I understand the value of a longer CA term, but if there is no potential interest from any investors in the near future, when does insisting on a longer CA period become unrealistic and harmful? Is there a point after which decreasing that period of confidentiality becomes more harmful than helpful? I know accepting a three-year period might have adverse effects, but would it not be better if no intersted party comes forward because of the CA period? LBSR could go back to any potential JV parners who had balked at a long CA term and offer the three-year CA to all of them. Something good might actually come out of it. I hope JB's reply to Ivargas that says "sooner than later" comes true, but if not; and if we are still in the same place in August partially because of a longer CA, should this be re-evlauated?