Although down a bit today- the PPS seems to be holding up quite sturdily after the initial dip. It would seem that there are those betting on a deal being in the works. A risky bet, to be sure- balancing our knowledge of the vast worth of our holdings against the less than stellar performance of the team entrusted with securing said deal. But- all in all- a not a totally unreasonable bet. And despite our misgivings- we should obviously all be hoping for such a deal to fund drilling. It's what we've been waiting for- for more than a decade. I think, though, more patience is yet needed. If a deal had been imminent- it likely would have been announced prior to the R/S. Only an insane person would have willingly done otherwise. Hopefully an almost completed deal didn't fall through altogether after the R/S was set in motion. Perhaps it is still in play- but with some unanticipated delay. Or maybe the wait is until the completion of the 20 day conversion period, when the ticker reverts to the good ol' plain LBSR so that trading might be unfettered.

In any case- more patience is in order. We are good at that. I think the next 20 days will tell the tale. If  there is no deal by then- "Houston-we've got a problem". But hopefully by then there will be the news we have been waiting for.