Re: Court rejects need for domestic uranium
in response to
by
posted on
Dec 16, 2017 01:27PM
Combining Classic Mineral Exploration with State of the Art Technology
"Wow! That "signals" to me (imho) that at least one person out there thinks that LBSR shares are still worth buying. For this one person buying LBSR shares is not "throwing good money after bad." Maybe he/she knows something we don't?"
Actually, I think it was 8 million shares over 4 back-to-back trades. We can fairly well guess it is the same buyer when these happen from the same broker at about the same space in time.
This does not mean that the same buyer is not also making acquisitions at other times in the day, only that buys coming from the same broker are then less likely to be suggestive of coming from the same buyer (when they come at other times).
As I said, this does not have to be seriously indicative of anything positive in regards to future develoments with the company. It could as well be someone late to the story coming around to seeing what keeps many of us here (for now).
Having said that, I do think this an extention of what I've mentioned earlier as "judicious buying", by someone who knows something, but does not want to tip the scales at their own expense before the time is right, meaning holding back on larger volume purchases to limit rising ask prices.
In conclusion, I can only surmise scenarios, not what's real.
VP
PS - I will be bushwhacking/hiking/rock hounding in the Eagletail Mountains tomorrow. Not that I will be able to identify their activity there, but I will be somewhere around Tombstone Exploration's current project area. As some may know, I don't think much of it. It's in the same general location as one of the 1990's largest mining frauds, one that was listed on the old Amex exchange (International Precious Metals Corp.).
...a lot of old prospects, and some old, small scale mining was done out there, but nothing of significance.