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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/
Me too, Skynet. For us all!
In case...no news = no financing :( Hope this changes in late 2024/early 2025.
In the conference call 2021 after the release of the PEA, Kearney said they would come back in "18 months", and in August 0f 2022 (18 months later), he came back and said we'll 'revisit' in a year, and one year later we heard from them again with the amalgamation news. But, since then... radio silence.
Yes, we see online updates and reports, but zero communication... and this is some seriously unethical business behavior toward the people who lent them money. It's time to shit or get get off the pot.
Hopefully they will give an update and report soon. Last one was from 2/14.
647 728 4105 and 416 362 6686 tried many times but couldn't wake him up
What's the number you called? I have left multiple emails, etc. inquiring for the latest news ,etc. over the last two years.
I phoned many time to Kearney's office he never returns the call somif someone wants to invest in this company how does it works? Same way ? Everybody should phone him and say I am an investor do you care?
Hi honey Pie nice to see you back
LoL LoL, Some investors are just Bad Omens !!!!!!!!!!!!!!!!!!!!!!!!
LoL LoL,
IB_🤴🏻
Does Mister sleeping Kearny is aware?
$LBRMF : Winds of change blowing in the Pacific Rim
Manufacturing going to Vietnam India Malaysia and Korea.
I think they wanna be a reseller at a premium price if anything goes awry
$LBRMF
I wonder why..... perhaps war?
$LBRMF: China still stockpiling IronOre
China is once again buying lots of iron ore with the purpose of... storing it.
— BreakWave (@DryBulkETF) May 9, 2024
Similar to the '15-'16 downcycle, steel production is lagging iron ore imports (chart shows the ratio of the two), in the process pushing inventories higher. If the country's real estate downcycle is… pic.twitter.com/ptKNhQ8sfN
I am hopeful that when we are back in production, that the stock will be traded on the TSX.
That would be the dream, friends!
Very well put, Skynet.
I believe that once the financing and strategic partner/s are secured, the stock will move to .50-$1 on the news alone that they’re returning to production following the final feasibility study.
Let’s Go!!!
I think they want to. Everyone wants to make $$ and Kearney is putting in his own $ to keep it running until financing is secured. Like all loans for operating capital, sometimes the landscape is just not favorable and takes time, perhaps years. High interest rates, banks being risk averse, even with a good PEA/ feasibility study in the current climate. I'm hoping for something to unfold/move near the end of 2024. That's just me. I think if there's a change from Biden, things are going to start opening up and inflation and interest rates will go down with a refocus on energy production. Much of the 'infrastructure' related to Houston is regarding transportation (Rail line, roads) and the equipment. Again, I think all tied to the cost of doing business. Investment Capital is just not cheap/favorable right now.
Like some of the stalwarts here, I'm in it for the long haul. Unlike many OTC stocks, this one has had a track record in the past WHEN it has been operational and mining. Anywhere from a few $ per share to over $11 pps at one point...and I think it'll move fast once financing is secured. Their website is alive and well and updated now. It's not far advanced or interactive but it does give necessary info. Again to invest in this one you have to have patience. This board is cathartic in many regards for us long time investors. Again, I urge you to look back historically when they were mining in the 2010-2012 date ranges.
Gotta buy more than that to get this dog to move! I own 100k shares, dead money the last 3 years. Filthy mgmt doesn’t care about their shareholders and that’s been obvious
Wasn't finished... Took 10k .0475 late morning
Good we need beleivers
What’s taking so damn long for the restructuring? I mean this mgmt team is either asleep at the wheel or they simply don’t give a crap about shareholders! 3 years of blahhh since the PeA!!!!!!
I added 12500 at .049 and 10k @ .0475. will be looking to test the L2 participants next week,
Agreed 100%.
Let’s BELIEVE and make amazing returns when it all finally happens!
Appreciate the long holders and continued communication, everyone.
Good for you. Like many of us that have been here for at least 3 years, everyone is buying when they can and holding. Good luck to you! Patience is a virtue around here ;)
I'm in and adding, just did.
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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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