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Flying higher again
I like the cut of your jib, Fat Don.
These are some links that give me some comfort.
https://restructuring.ra.kroll.com/bbby/
Appreciate your candor.
Yes. At this point there is not a lot of formal documentation out there to confidently support a turnaround or buyout. Tweets from various millionaires/billionaires does nothing.
??????
Appreciate the advice.
You don’t expect a buyout or reorganization?
Better yet, what will it be worth in a year?
I wonder what 50,000 shares could be worth in a week…
Up 36% starting in the UK and Germany
Yeah, good point.
Does it not seem odd to you that there was not even a mention in Angelsey’s go forward statement?
It seems odd that Anglesey never even mentioned LBRMF in their Looking Forward section of their recent quarterly news release. It makes me wonder if they may have sold the operation.
$1 Trillion US Infrastructure Bill passed!!
https://www.npr.org/2021/08/10/1026081880/senate-passes-bipartisan-infrastructure-bill
Anglesey Mining up 25% this morning in London…
Whenever it does get funding news it’s going to multi-dollars.
What kinds of concerns, JP?
Reversal of the impairment loss has put us into the black to the tune of $25.67 million, resulting in:
Net income: $0.16 per share
I’ll take that….
Impatience simply transfers wealth to the patient…??
China has tried to manipulate the iron ore price but the law of supply and demand reigns supreme…
https://seekingalpha.com/news/3710518-iron-ore-rises-as-china-port-stockpiles-slide-to-eight-month-low
RB Metalloyd was acquired by Gerald Group…
https://pitchbook.com/profiles/company/63473-41#overview
This does not look like a chart that’s about to retreat anytime soon…
https://agmetalminer.com/2021/05/13/raw-steels-mmi-steel-prices-continue-to-skyrocket-in-april-early-may/
62% Fe fines, cfr Qingdao: $237.57 per tonne, up $8.64 per tonne
https://www.metalbulletin.com/Article/3988695/IRON-ORE-DAILY-Seaborne-prices-find-support-from-downstream-steel-strength.html
$229 for 62% seaborne iron ore
Pretty amazing iron ore price movement.
China Imported Iron Ore Price Up amid Well-Performing Steel Market:
Benchmark 62% imported iron ore price increased by $ 3.19 to $ 189.29 a tonne on Monday, based on SteelHome consultancy data...
China’s iron ore production up 21% year over year
https://www.steelorbis.com/steel-news/latest-news/chinas-iron-ore-output-increases-by-216-percent-in-q1-1196556.htm
Anglesey Mining Bid-Ask getting a lot pricier...I expect an off-take announcement sooner than later. Especially now that LBRMF has established RSUs.
Could Gerald Group be leading the charge of the offtake arrangement?
Could they be the offtake partner?
Some history...
RBRG Trading was the offtake partner of Labrador Iron Mines before they shuttered operations. Gerald Group merged with the RBRG iron ore and steel trading division in April 2014 and appears to be when they assumed ownership of their share of Labrador Iron Mines debt.
http://www.labradorironmines.ca/pdf/MDADec312014F.pdf
https://www.slideshare.net/mobile/SimonJacques1/gerald-group-merger
This thing is getting some attention today...up to 32 cents
Technical report before the end of the month...
China 2021GDP upgraded from 6% to 9.3%
https://www.bloomberg.com/news/articles/2021-03-26/china-won-t-have-any-issues-beating-its-2021-gdp-target-chart
The spread on this acts like a deterrent to buying more...although, I have found that if you place a bid at just a penny over the posted bid price, it fills fairly quickly.
I got another 60,000 yesterday.
Technical Report today?
Off-take Agreement announcement today?
Soon...