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C2k....thank you.
Got it, read it, like it.
It is the first step in hopefully a successful partnership.
13 plus million shares at $.23 is good for all.
Not seeing anything anywhere regarding lbrmf and news
Not sure I understand it looks for another company not Lbrmf
https://www.sedar.com/CheckCode.do
Please see attached page 14 top
In MDA
Hi and thank you for this.
I went to the Scully site that you posted but I was not able to find the content you posted in your other post.
Would you be able to share the link to your source?
Thank you in advance.
THEN WE HAVE VERY GOOD NEWS
Kearny should leave he is too old to manage this
In order to fund its near term initiatives, the Company has announced an agreement for a financing by Scully Royalty Ltd. through the private placement of 13,043,478 shares at US$0.23 per share, for gross proceeds of $3.9 million (US$3 million), This transaction has not closed at the date of this MDA.
How the hell is this project not moving forward. Total bullshit that it has taken this long
And they are still looking for an under taker very good news Mr. Kearny
Last year June 30 Kearny explained everything on financing all work to be done that was the year end report for the 31 of March so this year what should we expect?
You are about a week late
$LBRMF Labrador Iron Mines Announces Death of Vice-Chairman and DirectorPress Release | 06/08/2022
Toronto, Ontario--(Newsfile Corp. - June 8, 2022) - It is with great sadness that Labrador Iron Mines Holdings Limited (OTC Pink: LBRMF) (the "Company") announces that D. William (Bill) Hooley, Vice-Chairman and Non-Executive Director of the Company, passed away suddenly on June 7, 2022.
On behalf of the Board, Chairman John Kearney said "We are deeply saddened to hear of the untimely passing of our colleague and friend Bill Hooley. As the Company's President from 2007 to 2011, Bill directed the initial development and successful construction, into commercial production, of LIM's James iron ore mine in Labrador and subsequently continued to provide valued advice and experience to the Company and the Board as Vice-Chairman."
Bill was also a Director and Deputy Chairman of LIM's associate company and original parent, Anglesey Mining plc, and served as Anglesey's Chief Executive between 2006 and 2021, during which period he was instrumental in the advancement of Anglesey and its Parys Mountain mine project in Wales, UK.
Bill had over fifty years of experience in minerals operations and management in a long and successful career with mining and service companies throughout the world, including extensive experience in Australia, Canada and the UK.
Previously, he was Managing Director of Micon International Ltd. from 2000 to 2005. In addition, he held various management and executive posts with mining and service companies in the UK and Australia from 1975 to 1999.
"Bill's wise counsel, friendship, dry humour, and loyalty will be sadly missed," added John Kearney. "We send our sincere condolences to Bill's wife, daughter and family."
ABOUT LABRADOR IRON MINES HOLDINGS LIMITED
Labrador Iron Mines Holdings Limited, through its majority owned subsidiaries Labrador Iron Mines Limited ("LIM") and Schefferville Mines Inc. ("SMI"), owns extensive iron ore resources in the central part of the Labrador Trough region, one of the major iron ore producing regions in the world, centered near the town of Schefferville, Quebec.
LIM's current focus is on planning activities related to the development of its Houston Project and, subject to securing development financing, LIM is positioned to resume project development and production of direct shipping iron ore from the Houston deposits at the earliest opportunity. In the three-year period of 2011, 2012 and 2013 LIM produced a total of 3.6 million dry metric tonnes of iron ore, all of which was sold in 23 cape-size shipments into the China spot market.
In March 2021, the Company reported the results of an independent PEA on its Houston Project prepared by RPA, now part of SLR Consulting Ltd. The Technical Report on the PEA, prepared in accordance with National Instrument 43-101, may be viewed under the Company's profile on SEDAR, or on the Company's website.
In addition to its Houston Project, LIM holds approximately 50 million tons in historical DSO resources in various deposits. LIM also holds the Elizabeth Taconite Project, which has an inferred mineral resource estimate (as at June 15, 2013) of 620 million tonnes at an average grade of 31.8% Fe.
For further information, please visit LIM's website at www.labradorironmines.ca or contact:
John F. Kearney
Chairman and Chief Executive Officer
(647) 728-4105
Richard Pinkerton
Chief Financial Officer
Tel: (647) 728-4104
The whole management will disappear and the Houston project will remain as it is. This project was dead since his beginning. When Kearny will disappear then it will have a chance to get going .The mine will be sold for peanuts to big off taker .
Funny thing at the bottom of this article for more info contact Mr Kearny , I did but he never called back loll
That's the most we've heard out of Kearny in over a year.
Labrador Iron Mines Announces Death of Vice-Chairman and Director
Wednesday, June 8, 2022, 1:17 PM ET
Toronto, Ontario--(Newsfile Corp. - June 8, 2022) - It is with great sadness that Labrador Iron Mines Holdings Limited (OTC Pink: LBRMF) (the "Company") announces that D. William (Bill) Hooley, Vice-Chairman and Non-Executive Director of the Company, passed away suddenly on June 7, 2022.
On behalf of the Board, Chairman John Kearney said "We are deeply saddened to hear of the untimely passing of our colleague and friend Bill Hooley. As the Company's President from 2007 to 2011, Bill directed the initial development and successful construction, into commercial production, of LIM's James iron ore mine in Labrador and subsequently continued to provide valued advice and experience to the Company and the Board as Vice-Chairman."
Bill was also a Director and Deputy Chairman of LIM's associate company and original parent, Anglesey Mining plc, and served as Anglesey's Chief Executive between 2006 and 2021, during which period he was instrumental in the advancement of Anglesey and its Parys Mountain mine project in Wales, UK.
Bill had over fifty years of experience in minerals operations and management in a long and successful career with mining and service companies throughout the world, including extensive experience in Australia, Canada and the UK.
Previously, he was Managing Director of Micon International Ltd. from 2000 to 2005. In addition, he held various management and executive posts with mining and service companies in the UK and Australia from 1975 to 1999.
"Bill's wise counsel, friendship, dry humour, and loyalty will be sadly missed," added John Kearney. "We send our sincere condolences to Bill's wife, daughter and family."
ABOUT LABRADOR IRON MINES HOLDINGS LIMITED
Labrador Iron Mines Holdings Limited, through its majority owned subsidiaries Labrador Iron Mines Limited ("LIM") and Schefferville Mines Inc. ("SMI"), owns extensive iron ore resources in the central part of the Labrador Trough region, one of the major iron ore producing regions in the world, centered near the town of Schefferville, Quebec.
LIM's current focus is on planning activities related to the development of its Houston Project and, subject to securing development financing, LIM is positioned to resume project development and production of direct shipping iron ore from the Houston deposits at the earliest opportunity. In the three-year period of 2011, 2012 and 2013 LIM produced a total of 3.6 million dry metric tonnes of iron ore, all of which was sold in 23 cape-size shipments into the China spot market.
In March 2021, the Company reported the results of an independent PEA on its Houston Project prepared by RPA, now part of SLR Consulting Ltd. The Technical Report on the PEA, prepared in accordance with National Instrument 43-101, may be viewed under the Company's profile on SEDAR, or on the Company's website.
In addition to its Houston Project, LIM holds approximately 50 million tons in historical DSO resources in various deposits. LIM also holds the Elizabeth Taconite Project, which has an inferred mineral resource estimate (as at June 15, 2013) of 620 million tonnes at an average grade of 31.8% Fe.
For further information, please visit LIM's website at www.labradorironmines.ca or contact:
John F. Kearney
Steve and bobble, thank you for the great replies.
Spot 62% Fe hit US$154/t yesterday. Labrador Iron Mines Holdings Limited has the Houston Project as its next potential development. The PEA at US$90/t Fe gave an NPV8 of C$113m - at US$160/t Fe that NPV jumps to C$459m...great leverage for AYM !!https://t.co/WfAWGcSTZv
— Anglesey Mining plc (@AngleseyMining) March 4, 2022
No worries, Kearny is one of the most experienced in the industry. Almost a year ago they had some "negotiations" with a huge company, to function as an offtaker, my expectations were very high, but eventually didn't work out. Sometimes when you negotiate a deal with big companies, they seem to have the upper hand and they want everything in a big discount. Having already reach a good deal nine years ago, why negotiate now in "not so good "terms. Sometimes is better to work with a medium size company and strike a deal with them which can be more beneficial for the company and for the shareholders.The ore is there, prices will never drop below 100 dollars (even with 90$ we are still very profitable) so there is no riddle to solve, it's like you have money in the safe and you wait until they give you the combination number to open the door.
Steve P, I appreciate it. I believe in Kearney and his management and that's why I've stayed in. He doesn't strike me as an idiot, or a schemer. I've done my research into the companies and I like what I see.
As he said in the conclusion of the news interview that I believe is on the LBRMF website... steel "comes back. It always does."
Dear Friend
Anglesey is like a sister company, they will open too, but not before us. Our time frame as described is still ok , they have a lot of work to do in Anglesey before opening, everything is in preliminary stages.Let us not confuse the two companies.Any good news on LIM will benefit ANGLESEY too.The same people run the two companies
Can somebody clarify the 18 month quote from Kearney? Was it from the time of the conference call last year, or from the start of rail and road infrastructure?
Also, it was previously mentioned here that Kearney is focused on opening Anglesey first, but reading the comments on other sites about Anglesey, that operation is only in the planning of core sample stages and is nowhere close to opening.
If any of this comprehension is wrong, again, please correct me.
18 months from March 2021 puts the mine starting around July August 2022? Difficult to wait but the time-line has been printed.
If that were the case, would Gerald Group be invested? Or, the management group of the company? As I made point of earlier, there is a lot of deal making with locals, infrastructure development, etc that just don't see being made for nothing to happen. If I'm wrong, please let me know.
Ok boss he wants to make profit but I believe he cannot get money because he did something somewhere and nobody trust him anymore ??
He will, i think we will have some updates soon.No matter what he owns 3 miilion shares and now he could own more than that number, he wants to make a profit too, don't you think ? The time will come and the 10 cents will become 1 dollar in one day, so stay tuned and wait
Why Kearny does not move ? What is wrong?
But Lbrmf will remain closed
Perhaps but he would need to disclose additional purchases.
By now he probably owns double of that
From their filings which you can get from their site.
John F. Kearney Officer and Director Toronto / Ontario (Quarter report 2/1/2022 OTC)
3,523,270 Common 2.2%
Mr. Kearney also holds 500,000
RSUs.
Where did you get that number? I got mine off of Simply Wall Street.
Ownership Name Shares Current Value Change % Portfolio % 19.99%
Gerald Holdings LLC 32,456,648 CA$2.9m 0% no data 11.88%
Anglesey Mining plc 19,289,100 CA$1.7m 0% no data 1.93%
Energold Minerals, Inc. 3,138,269 CA$282.4k 0% no data 0.34%
D. Hooley 559,238 CA$50.3k 0% no data 0.24%
John Kearney 385,001 CA$34.7k 0% no data 0.092%
Danesh Varma 150,000 CA$13.5k 0% no data 0.046%
Gerald Gauthier 75,000 CA$6.8k 0% no data
Actually Kearney owns about 3.5 million shares.
Possibly.... Right now Kearney only owns 385,001 shares (.024% of outstanding shares).
Kearny is waiting for the shares to go real down in order to buy half the shares at below .01 so he will buy half the mine with less then a million
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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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