Labrador Iron Mines Holdings Ltd (LBRMF)

[Shadar]

Goldman warns China’s property crisis will sink iron ore price

[Lonewolf6]

In the original press release the company said they believed that the deal would close in two or three weeks.
That was July 5, so if no complications have arisen in the deal, then confirmation could be any day now.

After that if history is a good indicator, the June results would be published mid August, which might be the time of additional disclosure regarding Houston.

[Super Dan]

Anyone knows when. We will get updates on Houston?

[Lonewolf6]

Thank you for the link but I am not able to open it.
Can you please indicate whether LBRMF was indicated as a top pick.

[C2k]

https://www.theglobeandmail.com/investing/markets/inside-the-market/article-td-analyst-now-really-bullish-on-mining-stocks-provides-top-picks/

[Believe444]

Everything rides on Houston.....



GO LBRMF.........

[DMar70]

Totally agree with you Steve. By this time next year, hopefully we’re back on NYSE at over $5+

[makinezmoney]

$LBRMF: Craig Dean from Gerald GROUP !!!!!!!!!!!

We know you're here.

Work your MAGIC man..... stop dilly dallying


Sell this puppy to Glencore or VALE for $80/sh.
Its time to get it DONE now.
We know you wanna get paid too....... too bad you bought at 1.33/sh but
hey, nows the time to get it DONE.


WE KNOW YOU CAN MMMmmmmannnnnnnnnnnnnnnnnnnnnnn



GO $LBRMF

[Steve P]

No matter what the way is paved now, Houston will open and will be very very profitable.As you mentioned in the past i knew they had disscusions with big companies, but my assumption is that they wanted a buyout and not so much an offtaker role, so eventually they didn't agree, which can be better for us shareholders

[Super Dan]

https://www.mining.com/iron-ore-price-rebounds-as-chinas-exports-grow/

[DMar70]

What blows my mind is that it has taken this long to secure anything. Some of the purest iron ore in North America. And that it’s just as easy to use a loader to put it on rail cars, send it to sept Iles for direct shipping to markets. I’m on of the HODLers that thought this would have taken off 2 years ago when it went as high as 95 cents.

[Steve P]

Nice to see you brother.This is the initial financing, we all expected, so from now on, no one should be afraid of anything.Now an offtaker is easier to come and start in short time.Could be Scully themselves, or anyone else.Many good things will happen shortly, stay tuned.Houston we are coming.

[PureZoob]

I love the Scully deal .. my concern is how long it will take mgmt to get Houston operational and generating Revs.. With no off take deals signed off on yet, I’m estimating it to be another 18 months once they actually have a deal in place no?

[iBison]

I just realized I Somehow I managed to get 5835 shares at $.05 in 6-22. I'll take it.

[makinezmoney]

$LBRMF: Thats RIGHT

.@TacoraTeam in #NL is mining new opportunities at #ScullyMine with advanced technology equipment that will:
✔ increase high grade iron ore production
✔ create more local jobs in #Labrador
✔ support #innovative and #MiningNL sector growth https://t.co/1AIokHJSRz pic.twitter.com/J1U7imS9dQ

— ACOA Canada (@ACOACanada) June 23, 2022

Iron Ore mining in Labrador ramping up even more alongside LBRMF

We are poised to become the largest iron ore producer in Labrador Trough w/ Joyce Lake Project, delivering~$524M post-tax NPV (at the iron price of US$142.5/t) & other projects w/ multi-billion expansion potential.#CNT #Iron #Mining #Exploration pic.twitter.com/jhnlfxOZqq

— Century Global Commodities (@CenturyGlobalC) May 16, 2022

GO $LBRMF

[Steve P]

I absolutely AGREE

[C2k]

*Labrador iron mines is so undervalued
With scully support and with tacora resources has potential to be over $10 per share when open.

[C2k]

https://www.canadianminingjournal.com/news/iron-ore-tacora-secures-cash-to-restart-scully-mine/

Scully has the resources with Tacora to support Labrador iron mine next chapter

[C2k]

https://www.mining.com/tacora-secures-212m-cash-restart-scully-mine/

What happened in 2018 with scully

[Shadar]

Chinese Steelmakers Report Crippling Losses From Weak Demand

Data show only 15 percent of Chinese steel mills remain profitable

[Shadar]

Chinese Steelmakers Report Crippling Losses From Weak Demand

[Shadar]

"Fitch forecasts iron-ore production in Australia to grow at an average yearly rate of 0.4% between 2022 and 2026."
Forsecast

[Believe444]

It is nice to see some increases that are credible because of the situation.
Yes, many will sell at .30 to .40.
The Best is yet to come................

Go LBRMF......

[makinezmoney]

$LBRMF: Helluva run on SIMPQ today..................


From $0.03 to 3.80 in just an hour ........... hows that for ya ??

And its a BK, go figure.

And here we are with over a Billion in Ore Assets and languishing at $0.13


Its only a matter of time till the monster run comes here.



GO $LBRMF

[Jimmy216]

I would love Cleveland Cliffs to get involved...own them and would double dip here.

[makinezmoney]

$LBRMF: Spot ON........ they arent making ORE deposit

Discoveries like this anymore..... or sitting on the proven and probable
reserves that are already there.

All the INFRASTRUCTRE is there.


Gerald Group being the Commodities broker has ALOT of connection.

When they get that best price offer for $LBRMF, which I bet you they are working
on making happen, you can bet your bottom dollar they will get an easy minimu
5x return on their investment here.

This is a NO Brainer........... independant of what Market might think of it right
now at $0.13



GO $LBRMF

[makinezmoney]

$LBRMF: GeraldGroup, Scully, Angelesy....... ALL are interested

In $LBRMF ............ hmmmmmmmmmmmmmmmmmmm

Clearly its a No Brainer what $LBRMF has.

Peers are sitting at Multiples wayyyyyyyyyyyy over where we are at right now.

Its nonsensical we are at only $0.13


This is clearly a minimum $8.50/sh stock but thats ok.

I see how $CLF or $X could come in and basically take allllllllll this supply.

Don't be shocked.............. I won't be.

These Reserves are NO JOKE ....................





GO $LBRMF

[C2k]

https://magazine.cim.org/en/news/2018/tacora-to-re-open-scully-iron-ore-mine-in-labrador/

They have the experience and the backing
Connected with Tacora Resources.
In Labrador

[C2k]

Scully will have the first right to propose Project Debt Financing for the development of the Houston Project.

In connection with the Strategic Investment

[Steve P]

Now it's the time of wisdom, if this bank bought shares for 0.23, that means they estimate 5 to 10 times up this amount at least.If Gerald Group bought shares with 1.30 plus, that means they expect twice that amount to make some descent profit.Now the road to success is wide open,
"Effective on Closing of the investment, Samuel Morrow, President and Chief Executive Officer of Scully, will be appointed to the Company's Board of Directors."
Banks are here to make money, and these guys will guard their investment very close,so that means we are moving forward and and the question for an offtaker is just what kind of deal, good, better or best.
Harleys are on your way, just be a bit patient, because many will rush to sell when they see 0.30 or 0.40 but they will regret it when they will see 1.00 or 1.50$ later on.All the best

[DMar70]

Road King Special for me

[Believe444]

That is great news, all they need is that 8 km road built to the railway, there is low cost to do this, they have done this before in 2010. Not much to set up the Infrastructure for this Houston project. Just like the James Mine.
Might get that Harley yet.....



8km Road needed for the Houston Project



Then to the Railway....





LBRMF Experience....











GO LBRMF..........

[Lonewolf6]

Only 6000 left at $.12, with the next stop as it stands now at $.135

[makinezmoney]

$LBRMF: Gerald Group cares........ they own 20% of SHARES

They bought in at average price of $1.37 almost 45Milly shares.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168305173

So yes, this is good value.

Scully sees the revenue generator here and they like those Houston ore royalties too


GO $LBRMF

[Super Dan]

Some sold at .12 and maybe it will increase some people will be sorry for their sale .08 .10

[Lonewolf6]

Today's action would suggest otherwise.
The bid has been moving up with strong bid volume, while the ask has also been moving up with few shares available.
The ask is now $.12 with about 20,000 available.

[Mv1717]

well it seems no one cares

[Shadar]

Most likely because this will only cover "near term" goals. It will not get the mine open and there is a lot of unfunded things to do before it can open. Until they have financing for the rail, road and equipment rental and buyer (IE off-take agreement), that will show they are going to be able to pull this off, I doubt it will change much.

[RadTechnician]

http://www.labradorironmines.ca/
News 05-07-2022
Next year

[Mv1717]

might not be as good of news as we think?

[Super Dan]

How comes the shares are not going up after this big news?

[DMar70]

Strategic investment by Scully Royalty into Labrador Iron Mines
 
Anglesey Mining plc (AIM:AYM) is pleased to announce that Labrador Iron Mines Holdings Limited (“LBRMF”) (OTC: LBRMF) has announced a US$4,000,000 strategic investment by New York Stock Exchange listed Scully Royalty Ltd (“Scully”) (the “Strategic Investment”). Anglesey Mining holds 19.3 million shares in LBRMF, which will equate to 11.0% of the company after the issuance of new shares to Scully Royalty Ltd.

[bobbleheadtwin]

https://seekingalpha.com/pr/18855715-labrador-iron-mines-announces-us-4000-000-strategic-investment-scully-royalty?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3ApressReleases%7Cline%3A1

[C2k]

Good News just came out!

[C2k]

https://www.sedar.com/CheckCode.do

[highjumper]

These guys are masters of keeping their 'hand hidden'. With the investment and extensive regulatory approval that has taken place, I can't see how this project doesn't go forward. On the flip side, logically, it says in the PEA that the risks include diesel fuel and shipping prices. If Kearney and co see the near future as too volatile, why take financing that might get buried in a deflationary turn? In other words, all of the growing talk of global recession might be keeping everybody on the fence.

[Super Dan]

Hope it will work otherwise they say after in the same page that they might have to liquidate their assets and the transaction is no closed so perhaps we can imagine anything it does not look that good so far

[Lonewolf6]

Page 14 of the LBRMF June 27, 2022 MDA.

[Super Dan]

Where do you partner ship can you copy paste where they mention this

[Super Dan]

I do have any access and from what I saw before it is for another company not Lbrmf