45% haircut and Struggling to survive
posted on
Sep 04, 2014 10:13AM
When I spoke with Tracy a few months ago, she said that LBSR has to fight for its life every day. (That's not a direct quote, but it is pretty close). The recent loan for 150k that comes with 45 percent juice attached to it is just a reminder of the risk here. As VP says, we are dealing with hidden targets. Therefore, these are the loans we need to take to survive another day. We are on the edge of a big move. I pray we make it there. Good luck to everyone!