Beggars can't be choosers
posted on
Dec 04, 2019 03:31AM
Combining Classic Mineral Exploration with State of the Art Technology
If shareholders want to step forward with capital to fund Phase 1a drilling, I'm sure Brett and the board will be happy to hear your proposal.
Let us not forget that some of us (like yours truly) participated in a privae placement that was meant to fund some initial drilling (goal, I believe, was to raise $250K) by JB and nothing came of it. It was later said that such a small campaign would be dangerous to pursue because if we missed the target, we were toast.
Well, fine. People can change their views. But let's not pretend like Liberty was being run like some well-oiled machine! JB may be one of the brightest, most talented mineral explorers in history. That doesn't mean he necessarily was the best at operating the company, either.
Rather, let us remind ourselves that if Brett and Pete didn't step up last year, this company and its bloated share count would be done.
Sure, might be nice to have a full-time exploration executive at the helm rather than a part-time lawyer. But what would we pay such a person? LBSR is on life support, folks. I'd be wary of biting the hand that feeds.
Also, let us remind ourselves when the Liberty board first appointed Brett in 2014, they had this to say: 'Mr. Gross is a mining engineer (BS, Ohio State University, 1982; MS, Virginia Polytechnic Institute, 1988; PE, Colorado and Alabama) and attorney (JD, University of Denver, 2001) with over 30 years of experience, both domestic and international. His work experience includes surface and underground mining operations, engineering, and delivery of construction mega-projects across multiple industrial and commercial markets, and the practice of law related to each of these sectors.' We could do worse for FREE. Again, beggers can't be choosers.
Last thing I'll say, because it really irked me. If spending $40K on a new analyzer was pocket change to Brett, I'm sure he'd happily fund drilling himself. But I'm guessing that was an expensive outlay, which is why he acquired the device personally and made it available to the company.
I truly hope that Jim can be rewarded and compensated for the years and years he put into this company for nearly no salary. Any success found at Hay Mountain - or any of our other targets - is due entirely to him. Thankfully, he still has a significant equity position. So his interests are aligned with the rest of ours: finding a partner at Hay Mountain to prove, once and for all, that he truly is a legend of a mineral explorationist (and, at that stage, also exceptionally wealthy!).
Happy holidays to all - may 2020 finally be our year.