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Well there are 35,000 offered at $.10 so you can get filled and if you feel that this stock will move on news, you should grab some.
No one is selling anything here. I've been sitting on a 10,000 share buy for a week. Just wait for news.
What do you think will happen in the October meeting ? Me what I think they will announce Lim back on the Toronto exchange...
IT"S COMING MY FRIEND ITS COMING
Just some reading while we wait to hear about financing
https://iaac-aeic.gc.ca/050/evaluations/exploration?search=Houston+Beneficiation+Plant
Europe and the EU’s embrace of the environmental movement and green energy in an unrealistic way is going to unravel so many things in so many ways unfortunately. They don’t understand the concept of base power needs and are doing industry and their populations such a disservice.
Europe and the EU’s embrace of the environmental movement and green energy in an unrealistic way is going to unravel so many things in so many ways unfortunately. They don’t understand the concept of base power needs and are doing industry and their populations such a disservice.
I’m in for a Harley LBRMF victory ride
That’s gotta be relatively old. Hooley’s dead. Not disagreeing with the premise but….
Me thinks something is about to happen.
https://twitter.com/hashtag/AngleseyMining?src=hashtag_click
Totally agree with you
My friend as you can see the future is bright and is in front of us.Anyone who sells for 10 cents, i am sorry to say but must be a dummy
Scully’s core asset is a net revenues-royalty interest in the Scully iron-ore mine, located at Wabush in Newfoundland and Labrador, Canada. The Wabush mine has a capacity of six-million tonnes a year and produces what is considered a premium iron-ore product with iron content of more than 65%. It uses the same rail and port, Sept-Iles, as LIM plans to use for the Houston project.
Citing its Houston project, Anglesey says: "Labrador iron mines continued to advance its Houston direct shipping iron ore project toward production...the preliminary economic assessment estimates the Houston project will generate an undiscounted net cash flow of CAD234 million".
Also when they were operating in 2013
Market cap was 900 million
Considering the past share value of this company 8.00 is reachable.
Ah Geez, I like the $8.31 a share better.
Yep..... It's been a long day. My brain must be fried.
2 millions for 20 millions share would make .80 le share not 8.00$
I did the math. He said Anglesey stock, once Houston gets into operation, should be worth $2 Million pounds ($2,303,319.63 U.S. Dollars).
Anglesey currently owns 19,289,100 shares.
To be worth $2 million pounds, the stock price would have to hit $8.31 per share. To make $2M, it would have to go higher than that.
I would be VERY happy with $5 a share, but if he is correct is his speculation, and it gets over $8, I think most of us would be ecstatic......
This one has been a loooonnnnngggggg wait, but I think it is going to be well worth it.
We could have Harleys for everybody and go on a LBRMF Investor hub victory ride.
Great things are coming, i watched the video , it seems like this coming Spring the latest this June, we will have production.Big announcements are coming, things now are more optimistic than ever before, we will see soon dollar signs
Very interesting, Let's break down and review what Jo said in that interview, because so much can just fly right over our heads.
The CEO Jo Battserhill of Anglesey Mining, (who has been in the industry for a very long time) said: Of all the assets that Anglesey mines has, LBRMF is the closest to cash flow. With Scully just recently investing 6 mil, that triggers the next round of work on opening the Houston project.
They are speaking with lots of Iron ore traders and the feedback is the post Ukraine and Russia issues, and the area of most interest is Labrador Trough and Sweden because of the grade of the ore. He also said that the Pilbara, which is the iron ore in Australia, there is lots of ore, but is in great decline, but it is not that good of grade as in the Labrador Trough.
So for most steel producers the biggest cost is the freight and getting the ore to the mill. So Labrador is high grade product and easy to ship as we all know. (As per the pics in my recent post replied) He finishes off to say “Lets not forget the last time LBRMF got into production it almost got to a market cap of 900 million dollars, and at that point Anglesey had 45% of it”. Start to finish to get the mine up and running is 12 to 15 months. “So the best of luck to the team at LBRMF because we are going to benefit massively and we are in a great position to be in, it is a great strategic holding for us”
Personally, I feel High grade ore is going to be very much needed to rebuild military assets.
Apparently this ore is in Labrador and Sweden.
That is the best information we have heard from a CEO's perspective about LBRMF, and they have so much invested just like Gerald group.
Stay Tuned......
GO LBRMF..........
Thank you for all the information you posted today.
Looking forward to the Houston project opening.
GO LBRMF.......
Various future construction financing alternatives being considered include an advance payment component of an offtake contract, equipment leasing arrangement(s), potential project partners, potential government funding and potential equity financing
Although an off-take agreement with a partner has yet to be finalized, the PEA economic model assumes a buyer would participate as to 50% of the price appreciation above US$90/dmt (CFR China 62% Fe sinter fines basis), as an
incentive to agree to the point-of-sale being FOB Houston rail siding. The Company notes that if the point of sale were alternatively FOB Port of Sept-Iles, such a price participation arrangement with a buyer would not be anticipated.
Gerald Group owns 32 million shares @ $1.29 just for break even. LBRMF intends to list again on the Toronto exchange as noted in the Sedar filing dated August 27,2019
Scully will provide an unsecured, convertible, US$1,000,000 credit line to the Company, with a five-year term, at an interest rate of 6.8%, and convertible at US$0.31 per share, among other standard terms and conditions. You can see how value they put on shares as things progress.
Scully has agreed to subscribe for 13,043,478 common shares of the Company at a price of US$0.23 per share. Apon closing of financing price should increase.
Scully will be the Limited Partner of LIMLP. Scully will have the first right to propose Project Debt Financing for the development of the Houston Project. This should give another option if Offtaker deal not found.
Thx for that interview. Confirms to me that this thing is for real. I’ve been loading up for the last year anytime I can. Im not a rich guy, just putting $100 in here and there from month to month. Hopefully this will change my life and my family’s life in 2 years or so.
Yes Nice 12 to 15 months production
https://bit.ly/3R8hvfY
Labrador is mentioned at end of video
Good things ahead!
Like your way of thinking Steve, it was only a year and half ago and post 3811 we were talking about the Harley's. How time fly's.
GO LBRMF......
I’m back in at 9. Been out since December when I sold for tax reasons. Trades thin enough it should be an easy 50% the next two months even if they don’t make a big splash in October. Good luck guys!
These guys that are selling at .09 will cry in October when the big announce will be made meanwhile I keep on stocking at that cheap price even if I have more then 500k shares
Harleys for everyone are not far .......LBRMF Rocks
The Houston Project’s deposits 1 and 2 have undergone extensive regulatory review and approval and are considered ready for construction with a one-year construction period to production.
Scully will be the Limited Partner of LIMLP. Scully will have the first right to propose Project Debt Financing for the development of the Houston Project.
Closing of the strategic investment is subject to customary closing conditions and is expected to occur by the end of August 2022.
Annual meeting October 20 announced on Sedar.
Looks like no news in their case bad news!!!!!
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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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