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A bunch of people have lent them money, and they ran away with it.
It’s amazing how they went ghost mode on investors! Let’s be clear, that’s not acceptable for a publicly traded stock. Shame on the ceo for being this non-transparent. You deserve better
This is the longest gap they’ve had in reporting going back to when I first invested prior to the PEA readings a number of years ago.
Hopefully working on something big!
If interest rates start coming down like they’re predicting and there’s an administration change in Nov and the energy sector is unleashed again then maybe the lending climate changes enough for Houston/LBRMF to finally start mining again.
Hey Kearny what's up? Do you know maybee you should do like Biden leave!?!+-+!
Thank for the clarification! Just ready like everyone else for some news.
Bay of Islands isn’t in Labrador. It’s on the island portion of the province. It’s not close to the quality of iron ore in the Labrador iron ore trough
It’s very strange that they would announce news and approval of an amalgamation months ago & then shareholders have zero clue about the current status/corporate structure since. That’s on Kearny as CEO to articulate & he has failed. Also, Houston has no status updates, that’s also on him and he’s failed to deliver over 3 years since the pea was released. Leadership is batting .000 for their shareholders
Looks that way to me. We need fresh news. Not 10+ years old stuff.
Definitely encouraging - thanks for sharing.
Not LBRMF specific but anything Iron in Labrador catches my attention.
https://ntv.ca/cpw-global-says-proposed-iron-ore-plant-would-create-hundreds-of-jobs-for-bay-of-islands/
Is that story from 2013 as it’s dated?
I hope you are EXACTLY right, Skynet!
It had been hoovering at around $0.04 for months now. There was over a 22%+ increase today. There's just not a lot of shares to buy. People are holding and for good reason like many of us. If there's an inkling of them securing financing to resume mining operations, this will go back to over $0.30-0.40 overnight literally. Many of us think as mining resumes the pps could be anywhere from a few dollars to perhaps double digits like it did 10+ years ago when they were mining.
What is PPS? Please
They are overdue to report, hopefully working on something big!
Probably just Algo.. we need amalgamation news asap… Houston project updates asap..
pps up over 23% today.. available shares are few and it's definitely pushing the price up for sure. There's only been ~4K shares sold today.
What movement are you seeing, Skynet?
Nice movement in pps today. Everyone is holding, no one's still wanting to sell.
I’m not disagreeing with that statement.
Could be right about that. It’s been delay after delay with these guys & with no real consistency with communication it’s poor optics for all investors and or potential investors.
It was approved, PureZoob. I’m guessing, but would think that it won’t be exercised until they have a strategic partner secured and all the pieces of the puzzle in place. Maybe announced at the same time.
Wasn’t this amalgamation approved? If so, why on earth would it take this long to merge LBRMF into the parent company? Seems shady AF.
Mr. Kearney you have some explaining to do to shareholders regarding this and Houston!
Yep. Their financial reporting comes in like clockwork. Which for an OTC company is great but there's just no activity that we can see unfortunately under the surface.
Sure seems like they are due to report. February was their last update.
I know we would welcome any news - good, bad or indifferent. Good being the top choice of the 3!
That's what I'm thinking. It's tied politically, and/or to interest rates and energy production in the Northern Hemisphere. Down here in the US if we can kick Biden out of the White House you're going to see energy futures soar in terms of energy production but prices going down as a result for the consumer and industry. That will have a quick effect on inflation here in the US which has been crippling the low/middle class, which would then hopefully yield a drop in interest rates for industry capital.
I think it might just rock along until Canadian elections in Oct 2025.
Laying out a path to development would stimulate investor interest and increase PPS (we all know this).
They're not trying to raise any money. We lent them money to pay themselves.
Some probably think the PEA etc is a path, but after this many years, it was simply a pump.
100% agree. I'm not asking Kearney to give us monthly updates. Even just quarterly, heck, annually. The financial reporting can only tell so much. At least tell us what he 'wants' to achieve and his desired timeline.
Yes.. My issue here is you have a great property with terrific value as per the 2+ year old PEA. If the CEO doesn’t have the swag and ability to net a deal, then he/she needs to be out imo.
Agreed. Clearly the message to us in that we as investors isn't factoring into whether or not they can secure financing, etc. It's odd. Compared to Rio Tinto, this is a small fish but even if it went to $5-6 pps we'd all be very happy once they start mining. I'm just hoping the financial landscape changes this year (or next) for someone to give them the funding/capital they need.
For such a large company, they have such poor shareholder communication. It always starts at the top, this ship needs a better captain
Hope you’re exactly right, Skynet. And that it’s soon!
Ladies and gents, I suspect we will have no warning once they start moving/gain financing. It will just come out of the blue. When we least expect it. Bank on it.
Encouraging - Hope we are next!
Thank you for sharing.
Agreed. But Mgmt is clueless, hence they do Zero and shareholder value is zero
$LBRMF: Champion Iron just had a commercial on CNBC
AND their share price is at $4.30 right now. $CIAFF
$LBRMF has more iron… management should do commercials on $LBRMF.
MANAGEMENT SHOUKD DO SOMETHING TO BUILD MORE AWARENESS if companies like Champion Iron are doing it.
GO $LBRMF
Sounds like another mining/battery recycling company I made money selling short !!!!!!!!!!!!!!!!!!!!
LoL LoL,
IB_🤴🏻
Good question! When you find out, let us know! I’m ready
For an OTC, what is the proper entity to file a formal complaint against a company?
Nope. This leadership team is highly dysfunctional when it comes to shareholder communication. An absentee Ceo and pathetic board of directors
It is time to get rid of him
I’ve said it for the past 18 months, this ceo Kearney is weak as shit. As long as he’s in place, the Houston Project will not get funded. It’s a shame because it’s a valuable business opportunity being led by a washed up used car salesman
I'm suspecting that he doesn't have a very positive reputation and can't secure financing. Some time ago on the Anglesey message board, a poster commented that he is eye rolled by the banks and it is basically a 'oh, this guy again' type of reputation.
Some already knew this... https://www.extractiveindustries.co.uk/shareholders-oust-anglesey-mining-chairman-and-stalwart-john-kearney/
Dated January 3, 2023... In his half-yearly report, Anglesey Mining chairman, John F Kearney, said: “I firmly believe that Anglesey is positioned very strongly to advance its two key assets at Parys Mountain and Grängesberg over the next year."
“I remain very confident that the assets held by Anglesey will deliver significant value as they continue to be progressed over the next year.”
https://www.northwaleschronicle.co.uk/news/23225697.copper-gold-silver-soon-mined-mountain-near-amlwch/
He plays carrot on a stick with multiple companies. This POS needs to go and the property needs to be sold and developed by a reputable company... https://www.morningstar.co.uk/uk/news/AN_1636751712162341300/in-brief-losses-balloon-at-anglesey-mining-on-rising-costs.aspx
https://www.extractiveindustries.co.uk/anglesey-mining-targets-1-million-via-placing-for-parys-and-grangesberg/
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PUBLISH DATE | TITLE | PERIOD END DATE |
---|---|---|
11/12/2021 | Quarterly Report - Disclosure Statement | 09/30/2021 |
11/12/2021 | Quarterly Report - Management's Discussion & Analysis | 09/30/2021 |
11/12/2021 | Quarterly Report - Financial Statements | 09/30/2021 |
08/13/2021 | Quarterly Report - Disclosure Statement | 06/30/2021 |
08/13/2021 | Quarterly Report - Management's Discussion & Analysis | 06/30/2021 |
08/13/2021 | Quarterly Report - Financial Statements | 06/30/2021 |
06/30/2021 | Annual Report - Disclosure Statement (Amended) | 03/31/2021 |
06/29/2021 | Annual Report - Management's Discussion & Analysis | 03/31/2021 |
06/29/2021 | Annual Report - Financial Statements | 03/31/2021 |
02/12/2021 | Quarterly Report - Disclosure Statement | 12/31/2020 |
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