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I sure hope you're right. I would love to eat crow.
I think he's so bad that it's not even possible he is as bad as it looks. In other words, he's doing this for a reason and it might be screwing us but there's no way he's THIS incompetent. Or maybe what I mean to say is he is competently screwing us with purpose. At least $LBRMF is immune from going dark to the expert market. Endless lives to play with this one.
I do not understand why he is still CEO!
Worst I've been involved with, but that's not saying much!
Could it be worst ?
Kearney-Incompetence at its' best!
This Pig will never move! Mgmt here is horrible, can’t strike a deal if their lives depended on it! Shame on them for not getting something done by now while iron ore prices have been elevated!!!!!! Load on this pig when it’s at .03 to dollar cost avg … then in 24 months maybe it’ll be worth 1+ after they get off their butts and contract a off taker!!
Well...One less opportunity for an agreement
Sinosteel signs $690 million deal for Cameroon iron ore mine
Sinosteel signs $690 million deal for Cameroon iron ore mine
The 18 months stated by Kearney was in reference to how long it would take to finish construction of the new road and railway line AFTER they get the necessary financing. So, we're still 18 months away unless else has a different take on that.
I don't see how LBRMF has made deals with locals, invested in infrastructure, have Gerald Group involved, and not get anything done.
Kearney did say "18 months" in March 2021. The wait is frustrating, but I'm going to take his word for it.
Also, does anybody have any word about Anglesey's progress?
No way my friend LBRMF has value, a lot of VALUE, i know you are tired but everyday is a different day
What’s with mgmt letting this just slip into an abyss???
I was tempted to buy with the fundamentals being clean and their PEA being successful but mgmt is weak imo..
A deal should’ve been ironed out by now assuring investors that their money is being respected and not put at high risk.
Kearney is the problem
It is in Pence. About .06 cents in USD.
Yeah, I am in the same position. I am down about $18K at the moment, but I haven't lost optimism. I still think (hope) it is a matter of time.
Just remember: The world’s most successful investor, Warren Buffet, famously said “The stock market is a device for transferring money from the impatient to the patient”
I picked up EGY 2 years ago after researching the companyand doing my DD. I couldn't figure out why the stock wasn't higher (good management team, no debt, etc, etc). I knew it had to go higher eventually. I bought 1500 shares at $1.24 and I had to tell myself over and over.... the stats are good, the company is solid just be patient.. I just sold 1000 shares of it last month at around $8 (over 400% gain) It is back down now to around $6.70 I am still holding about 500 shares and am pretty sure if things keep going the way they are, it will hit $9 or $10 if not higher.
I did the same with NSSC..... I bought it at around $2 in 2014. I held it for 6 years and finally sold it around $22 (over 2000% profit). I should have waited until it hit $25 but I didn't want to be greedy and knew it wouldn't last but didn't know when the drop would start. BTW, it is still around $17, which would be a good profit..
Labradors time will come.....
Yes and no, i would prefer TSE, but on the other hand i lost a lot of money on the TSE and from supposedly good companies and i won a lot of money from OTC.Believe me a lot of people from many backrounds know about LBRMF and are ready to move and buy huge amounts of shares, when dinner is ready
It is 4 british pounds which is 6.30 CAD
Part of the reason this hasn't gone up is because it is on the OTC. They need to move it back to the TSE like it used to be back in 2014. A lot of people that would invest won't because it is still on the OTC.
On the conference call last year they talked about moving it back but like getting financing, they haven't gotten around to it.
Where you seeing Anglesey’s share price at 6 canadian?
Thanks you are the man
Don't look at the current price because it doesn't make any sense.It will change in a blink of an eye.The ore is there, we have a very strong PEA and guess what ? even now it should be 1.00 to 1.50 CAD. Anglesey is in the same situation, they just started all the preliminaries for Parys Mountain and Grangesberg, which will take many months or more than a year, until being able to dig and their share price is 6.50 CAD.This stock will fly and it will fly much more higher than the 0.95 CAD we had few months ago.It could reach 2.00 to 3.50 CAD as an article in seekingalpha suggested.Again it is not a matter of if , it is a matter of when. Don't allow anyone to mess up with your mind, this stock will give us a lot of money, unless a 3rd ww will happen, but even with a ww iron ore will not loose its value, because it is a much needed commodity. After 3 years waiting in another stock, everyone was complainining, this and that, so much crap,,,etc. I was tired too, but i said , i will wait a few more months, and guess what , my investment of 14.000 became 45.000.Most of the three years i was down, 7 to 8.000 and suddenly KABBOOM.Imagine if i would sell with a 40% loss and after a few months , i would see that i could triple my money
Problem here is that leadership dropped the ball early on with getting a deal done. They rested on their laurels and figured it wouldn’t be a big deal if they waited things out. Their time table of 18 months scared a lot of investors away. The only hope here is that Kearney pulls a rabbit outta his hat and gets a strong off taker in place.. if not, heading lower … clock is running out imo
I wish I still had your confidence. I've lost so much on what I bought there is no point in selling. In til $$ or 0.
You will , be sure about that, it's just a matter of time
As long as I can profit too I bought 500k a long time ago like 10 years
Kearny will profit a lot soon and why not as he did with other mining companies like Anglesey, same thing will happen with LBRMF
At .07 today the rats a quiting the boat too long for good news we lost 3 years so far Kearny must be buying a lot for very cheap now ??????????
It is not about time , it is about the right time, Kearney does many things but in the center of all is LIM. Soon this stock will fly in the sky
Yes he’s does
Especially at the current price of iron
Do you think he really have time to take care of LMRMF? John Francis Kearney
Chairman & Chief Executive Officer, Labrador Iron Mines Holdings Ltd.
Founder of Labrador Iron Mines Holdings Ltd., John Francis Kearney is a businessperson who has been at the head of 15 different companies and presently is Chairman of Conquest Resources Ltd., Chairman & Chief Executive Officer for Labrador Iron Mines Holdings Ltd., Chairman at Anglesey Mining Plc, Chairman of Minco Exploration Plc, Executive Chairman & Chief Executive Officer at Minco Plc, Chairman & Chief Executive Officer at Buchans Resources Ltd. and Chairman for Canadian Manganese Co., Inc. He is also Member of The Canadian Institute of Mining, Metallurgy & Petroleum, Member of Prospectors & Developers Association of Canada and Member of Law Society of Ireland and on the board of 10 other companies.
Iron Ore 52 Week Range, 91.98 - 219.77 Daily $151.62
They need to get things done at the home office in Toronto first.
A little Sunday info for those who are not familiar with Schefferville and how remote it is and why things take a long time to get done in this region of the world.
https://www.nytimes.com/2020/07/06/travel/tshiuetin-railroad-canada.html
https://www.metcam.navcanada.ca/hb/player.jsp?id=149&cam=332&lang=e
Be nice to hear that they are at least still trying to make a deal or any kind of progress. Seems like it is last on a list of priorities.
Wonderful...Not that LBRMF could supply it anyway....
Yes this is what I red and it means building only a road will not be enough they need to extract the iron with some tools that explain the situation
Biden to require infrastructure projects be made with U.S. iron, steel
https://www.nbcnews.com/politics/white-house/biden-require-infrastructure-projects-made-us-iron-steel-rcna24816
65 million is not only for the road, its to buy all machinery , do everything and export the ore by themselves.But to start they need approx 5 million.At the same time they are looking for offtakers, they did it last time with RB Metaloyd that offered them 35 million.Soon we will find out about what's the best option for them to start.
Hopefully something positive will come if it.
There is something wrong somewhere and I believe the 65 millions is not only for the road also read the news on Anglesey you will see moves down there that are going a lot faster then Lbrmf
Well, if they think they need 65 million to build a 5 mile gravel road no wonder they haven’t gotten a deal done! LOL!
They were looking for 65 millions in the statement therefore 5000000
There's no way that road will be paved, waste of money. They plan on using that road year round so the change in temperatures, moisture and with continuous heavy trucks on it would bust up that asphalt in no time. They will just need to build it up, pack the base, gravel on top and grade it when needed.
NVM. Saw that you addressed that.
I don’t think the plan is a paved road.
Never got the chance to respond because I somehow made a second account and ended up in The Jailhouse. To build a paved two-lane, undivided road in a rural locale it will set you back somewhere between $2 and $3 million per mile. This would be a 5 mile gravel road so it would be less than these numbers, especially since the path has already been cleared. You're looking at $10 million, tops. @.13/share, that's 77,000,000 shares, not 500,000,000 shares. Like I said the $2-$3 million per mile is for a paved road, so it wouldn't even total $10 million. Once the road is built this baby opens up, so just spend the money or issue more shares and build it.
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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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