"This NR also explains the weird price action last week as well.........."

That could be. It is also possible that the price action we saw was a result of market exhaustion to the downside, along with anticipation given it was a Friday around the time news was expected. Does it not often happen that we see price rises on Fridays when news is due, if not overdue? I think so.

The larger moves, I think, will come when the market understands that drilling is on the way soon. I think in the next few weeks we will have SRK's recommendation that LBSR proceed to scout drilling. At that point, I hope the money will be on hand so the contract can be awarded.

On that point, I'll bet bids are already in hand.