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That 1 share set the tone this morning.
Seems quite stable at 9 cents. Hopefully soon to hear about any changes with regards to financiers. Tacora Resources and Rio Tinto in Labrador west are steadily hiring workers.
Lol I’m just trying to get to that 100k share threshold as a small investor
Yep, and I hope it's not the latter as I have a shitload of money tied up in this at this point.
We were saying that a year ago. I'm in till $$ or 0.
Yep, I'm just waiting patiently. Noticed today that my shares are starting to go long. By July I will be mostly long. That's a good thing.
Any announcement of financing and this will take off.
Iron ore price posts third weekly gain on strong demand hopes
Now if they would just announce they have a take-off agreement and have started building the road and rail siding.
I’ve been quietly loading as much as possible as a small investor. I saw today that some were expecting $130 per ton with some changes in Chinese financing. Still if there’s a global conflict war wise everything goes up especially commodities such as iron… and western iron if that.
1000 shares traded at 3:12.
And someone got some.06s today?
100% correct. High grade ore. And not to far away.
Also add to it the unrest in Europe with Ukraine and Russia, not saying this would happen but any threat of war or even a global conflict with Russia/ and or China, we will be looking to the North American continent for steel/ iron first.
I think with China’s increasing hostility towards the west those friendly in the northern hemisphere will need a source of non Chinese iron.
Hey guys do you think that with the hate of China towards Canada China will not buy iron ore from Canada?
50 about to cross the 200 for the first time in a long time.
Shady Mm’s with their .135 ask when the share price is .096
Can you say fraudulent??? I can!! Smh
Nice volume this week.
The bid is now $.096 and the ask is $.135.
You may have to raise your bid to get filled.
Well I’m sure by now they’ve had multiple discussions with off takers. Just matter of time before something is announced and these prices having been dragged down the entire 2021 calendar year makes me bullish at this entry point.
I mean .095 for an established mining company with a finalized PEA; what’s not to like about that scenario??
If it drops to the .05 range I’ll buy a shit load more.
2022$$$$
I'll take that as a sign that something good is going happen....LOL
Good for you....
I’m back, I’m bad, I’m stacked, I’m glad!
Just re-entered, order for .095 for 124k shares.
2022 will be a much better year for shareholders of LBRMF IMO. Progress takes time but trust the process
Spot prices of iron ore with 63.5% iron content for delivery to Tianjin rose above $126 a tonne in January, hitting the highest level since mid-October, as weaker-than-expected Chinese inflation data boosted expectations that the central bank will be providing more stimulus in the coming months to support the slowing economy. Hopes for an easing of steel production controls in top steel producer China after the Beijing 2022 Olympics next month also provided some support. Elsewhere, news about a coronavirus outbreak in Tianjin raised concerns over disruptions to production and transportation in downstream sectors. The port city announced tightening exit controls over the weekend and began mass-testing its 14 million residents after it reported cases of infection with the Omicron.
The Gerald Group knew a good thing when they seen it. See everyone in the spring.
The current book value of this stock is $.17
$27 million of equity divided by 162 million shares.
The strange part is why this hasn’t gone sub-penny
Lol, you don’t get it do ya?
The fact that they have an asset which according to an independent pea has significant value means something.
Whether they open the mine in 18 months or 18 years doesn’t matter as the intrinsic value is there.
Iron is abundant correct however you fail to acknowledge that not every mining company has high quality ore and a finalized pea stating what the value is based upon a much lower price per tone then the current ore market value.
So go ahead, grab your own sandwich and sit on the sidelines while the share price slowly creeps up…
In a few months, I’ll be the one that told ya so…..
The increase in share price is keeping shareholders from verbally agreeing that the property has not been mined, just guarded by a bunch of dudes eating sandwiches and waiting for “funding” which of course will not dilute the SP… then 18 months later, it will maybe provide an abundant thing from the property to the market… as if this Iron property is the last Iron property on earth that holds any Iron the share price is up 6 days in a row on zero news, just the hope that investors may soon only have to wait 18 months for revenue…
From .02 to .13 on the key word, maybe it works for other stocks, this could really become a meme, if I owned the stock the keyword would probably not work though
Happy New Year!!! Hopefully, a prosperous one.
I love a good ol burger with Fries and a Chocolate shake. Nom Nom Nom.
Patience is key.. sandwich talk is ridiculous
A penny a day in gains and this will be a buck in a few short weeks
Happy New Year! Sandwich x10
Happy New Year.
We found the key to this stock, just say the word “sandwich” every day and you cannot lose , sandwich sandwich they eat sandwich as they guard an iron property sandwich sandwich they eat sandwich
Happy New Year to all lbrmf investors.
Here’s to 2022
It has worked 5 days in a row the secret word is “sandwich”
We’ll Dan you’ve certainly been patient for sure. I guess you were here for the previous highs too. I know raising capital and waiting for the process to play out is like watching paint dry but it does eventually play out. Not to mention pitfalls and turns along the way (lawyers, banks, etc) always add delays.
The only thing that makes this SP increase is talking about how many sandwiches the dudes guarding the property and not mining the property eat per day, 18 months from January to take iron out of the ground a lot of financing and therefore dilution will be needed to do that, can shareholders buy 18 months worth of sandwich’s x how many workers? Forget about the cost of mining and just think about how many sandwiches that is.
I was in for the long run I started in 2012 now I am old and I hope something will happen soon because I finally will be rich but too old to spend the money if I am still alive
I’m here for the long haul and am loading what I can when I can because in my opinion as China, Russia, etc continue to destabilize the world and as long as the Biden administration is in the possibility of needing iron/steel for just buildings might be for war products this becomes even more important as Western based nations and allies will look to North American/ friendly sources of iron. I can wait for 2022/23.
Kinda like how you predicted it would be operational Spring/Summer back in March...Just saying...
How does anyone know whether or not they’ve secured funding.
Perhaps they have a deal in place and already have begun allocating small portions of those resources to get this mine operational.
One thing I know about investing is to expect the unexpected…
Both good and bad… but expect it
IMO, they’ll be operating that mine sometime toward end of 2022
Yes, it was 18 months from when they secured funding. On the call they even used an example of starting the process January 2022 and then the mine would open summer 2023. Everyone on this board talks as if the clock has already started, but from my understanding it has not. It's still a great investment and the ore spot price is well above where they would be profitable.
That is my take as well.
Resume operations meaning deal done and starting construction? Best case scenario for mining would be Summer 2023 by their timeline.
Profitability at $90 per metric tonne is 109 million dollars, which means we need stable prices between 90 and 120 dollars and then we mean business.Nothing has change, number of shares the same, quantity & quality of Ore still the same, so why are we in 10 cents? Psychology of investors and MM is the answer.Right now without any operations, some execs in the mining market, somehow wondering why don't we have a price between 2$ to 3$ dollars.Imagine when this summer we will resume operations, what will happen.
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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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