Re: monthly investment idea
posted on
Sep 23, 2019 09:51AM
Combining Classic Mineral Exploration with State of the Art Technology
I have always assumed LBSR management frequented this Board - is that not the case? If so, they have seen the recent messages about some of us stockholders wanting to contribute explicitly for drilling, but have made no response as to its possibility.
There is, of course, red tape involved in anything that entails giving money to a company, not the least of which is whether it is a gift (may not be legal) or a loan, how (or if we expect) it will be repaid, how much do they have to get before they begin, what happens if some who said they would give decide to stop after a few months (are they going to sue?), etc.
We tried this several years ago when the first Private Placement was about 90% collected, only to find that the majority of that 90% had been spent on keeping the company open. I don't think I'm interested unless we have concrete assurance the money will be used for drilling. Even then, I'd be reluctant to put out much.