Blue, I could be wrong, of course, but let me repeat something.

"...I don't see this breaking too much below the recent trading range."

Things are bad all over, and LBSR has held it's recent trading range well as compared to it's peers. That says a lot, IMO.

Yes, I could be very wrong, and the price could drop well below current levels. Note that the seasonal "summer doldrums" in mining stocks is over, but the usual recovery is delayed, and there is no guarantee that a recovery will take hold. This as much as anything else could effect the price.

Now, suppose also that the trading range recently had been half a cent, or five cents. Would not the disappointment in the most recent news be exactly the same as we are seeing now?

Ask yourself this too. If the prices of metals were in a rising trend, would the LBSR share price be where it is? I don't think so.

There is much to support a "gloom and doom" secenario for this company (as well as most all explorers), but in this case the need for money to keep the lights on isn't one of them - never has been. The proof is in the fact that dilution is never unexepected among explorers.

...not trying to be a cheerleader here, far from from it. In fact I urge people to never hold onto a stock in which they lose faith.

VP