That bitchy old man who smells funny, talks to himself, and generally has a shitty disposition? Yup, that sounds like me.
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Almost 700k sold shares today. 97% of all trades were sales. Only 21k purchased shares.
And the stock ends the day slightly green.
I don't have tons of experience, but I am not sure I have ever seen a stock just brush off that kind of action. If anyone has an economic/quantative explanation for that, I would welcome the learning opportunity. Is it simply a matter of the underlying asset value that would support the SP through that? MM supporting the price? I would like to understand.
I was pretty worried we were going to lose a lot on SP before we came back up late 2019 or early 2020. Little bit less worried now.
We all know they are legit. You're stating the obvious. He never said they weren't. Maybe you were replying to someone elses post.
If you were to rebut his statement (which could or could not come to pass, but .01 is certainly not outside the shell of possibility), you would address his hypothesis with some specifity. For example, if you don't believe it is possible $LBRMF drops to a penny, why specifically do you believe that?
Wow, where did that come from?
Ok, sure, whatever. More for you. Really just don't care enough to argue the point. I am sure you are correct. 8k seems to say 300 million total, but sure, I am likely wrong. Politics is my thing...I am still learning some of the ropes of this capitalist gambling gig.
No need to get all angry and defensive, though. Says a lot.
Remember, I am just an ignorant OTC investor...probably more ignorant than most. Someone who sets themselves above a whole class of investor should be carrying themselves with a little more confidence and poise. Maybe a bit of graciousness. Character.
Or not, I guess.
Next time, I might try insulting just me personally, rather than most of the OTC traders on the board. But obviously your the poo, so I imagine everyone here is just thankful you tolerate their ignorance.
Sorry I said anything. You all have fun. As I said, I hope everyone is a winner here, sincerely.
Well, almost everyone.
Rock on, then. You are likely correct.
Best of luck to you, sincerely.
And we never saw that .75. And nor did we the week after. Maybe it will this week. Not trying to be sh*tty here. I just didn't get a confident feeling on how the stock was moving, I am a small investor, and a .50 stock in Any meaningful quantity was difficult to hold when other opportunities presented themselves. So I sold.
I would say the same whether I held or not. I don't adjust my opinions based on whether I am holding or not...other than I may try to remain desperately positive if I am holding a bag. But that's different. I dont write positively about stocks I don't feel positive about, and don't feel the need to say "I told you so". I have been following the stock, and I just shared a view. No agenda.
I hope $RBLY pays off for everyone and you can throw this all in my face if you like. I would prefer that outcome.
GLTA!
Got some .02's right here. Let you have 'em for just a dime.
INTL not flipping it...Just dumping. What do they know...or think they know?
Regardless of the float size or lock up on the vast majority of shares, this is still a business with 37 million in revenue with 300 million OS. That's a .12 per share valuation based just on sales - no multiplier. 5-10 multiplier puts SP at .60 - 1.20. What I was worried about and why I got out in the 50's. It just never felt right to me, and the stock didn't move confidently.
Not trying to manipulate or bring price down so I can buy. Just voicing a viewpoint/concern. The price shouldn't be down here on 8k release. We can justify it any which way, but it just shouldn't be. Not if the merger greatly increased the stock value overnight and it wasnt already figured into the price.
Seems to me at least. I don't have a dog in the hunt, nor am I looking for one. All my cash is tied up elsewhere. I hope my concern is unfounded and everyone walks away a winner, sincerely.
AIMHO
Questions on iron ore pricing...
Been conducting my DD on mining & selling iron ore (which I knew zero about), and I am having trouble trying to determine an approximate value of what $LBRMF has in the ground.
First question:
It is my understanding that deposits with 62% Be are considered "ready to ship" - dig it up, throw it in/on a ship, lug it to China, and pay the "cost & freight (CFR). For that you get about $90.00 a tonne, currently. Only 20 million of the 1.24 billion tonnes $LBRMF claims to have falls into this category.
So for that small subsection, I read the value (not considering the cost of mining & transportation) of the deposit at 20,000,000 × $90 = $1.8 billion??? Can that even be correct? I suppose if one figures a 10% profit on the sale, it comes out to $180 million. In profit?
$LBRMF has a current market cap of...$8.8 million.
What am I doing wrong here? I get $LBRMF is undervalued. Even "very" undervalued. But that is TOO undervalued to be correct.
Second question:
While I have found some pricing for 57% - 58% Fe, of which $LBRMF has a reasonable chunk, i am finding no pricing for the bulk of what $LBRMF claims to have, which is 31.8% - 31.9% Fe.
My question is, how does one go about valuing those deposits? Do those strains have to be further refined/processed in order to become saleable? How would one estimate a value on those deposits?
Sure, over a trillion tonnes of iron ore deposits are worth...a lot? But does anyone have any idea what the value in USD "a lot" represents?
I mean, even if I lowball the sh*t out of the numbers (to my mind) and assume of that 1.23 billion tonnes, maybe 600 million tonnes are saleable @ $90.00/tonne. And then assume the sale provides a meager 2% return, well hell...
600 million × $90.00 × .02 = $54 BILLION × .02 = $1.08 billion.
Dollars. American.
Current OS = 126.3 million
So, an "accurate" share price, just tied directly to the number of dollars of iron ore in the ground, not counting the value of equipment or anything else, would be...
1.08 billion ÷ 126.3 million = $8.55/share.
Current trading value is approximately .$0.05/share.
So, put another way, according to this (highly speculative) calculation, the current PPS is 17,100% undervalued.
I am not even pretending these calculations are close to correct, because for some data points I am basically throwing darts.
Can someone with much more insight into this economic sector than I offer any feedback on my above questions and/or assumptions?
Thanks in advance!
Every little PR is helpful.
I was able to scoop hundreds of thousands since then for $0.0001 and $0.001. I’m well in the money already.
I put shorts right up there with hedge funds that buy distressed businesses and instead of trying to turn them around, they take them into BK, fire everyone, sell off the pieces, keep the pension funds, and basically screw everyone...so their investors can make their tidy 10%-15%.
Not as bad as the Slacker family, though. They should be shot. Literally. The world would be a better place for it. Jail is too good for them.
But if they went - and they should, all of them, even the children - they need to go to a federal "pound me in the ass" prison.
Sounds harsh, but the deaths and addictions and ruined lives they created - not to mention the billions (trillions?) of dollars they cost society - for them to walk away scot free with their personal fortunes intact makes a joke out of the concept of "justice".
GO $LBRMF!!!
Imo .04 is the floor
Hi all! Opened starter position at .013. Looks exciting.
You are exactly right.
Put a buy in at .04. I will sit on this for 6 months, gobble up a little more around the edges maybe over time. I think there is real, physical, and - most importantly - undervalued assets here.
I will quit being the grasshopper and be the Buddha instead.
That would work for me as well.
Well stated, and I am right there with you.
There exists a lack of humor. Your comment will stay, though, even though it has nothing to do with $LBRMF. Go figure.
Looking for $LBRMF to reach at least .10 on broader news of value of assets, independent of whether those assets are being pulled from the ground. While less valuable under ground, obviously, $LBRMF is still undervalued and a long play.
Pumpers are gone:
Interesting how the pumpers have disappeared on LBRMF
True. My concern, however, is the lows seem to be getting lower. Look at last two days chart.
I am and will remain long, but something to keep an eye on.
Extremely valuable insight. Thanks!
We will. My sense is though that this is a situation where traditional financing is used. Dilution is not very likely.
Consider the differences between the following scenarios:
"I have an idea/product I think will work but I need money to finance it's production. I have no other real assets besides my idea. My idea may fail (many/most of them do) and I might lose all your money with nothing to show for it, in which case my company goes bankrupt and you lose most/all your invesrment".
That is much different from...
"I own this property and everything under it. I need to borrow some bank so I can extract the valuable goods underground and sell them for, as my analysis shows, more than the cost of extracting themm. If, however, it somehow fails and I cannot pay you back, I am putting all/some of my property up as collateral and you can keep whatever you need to make you whole"
The second example is ripe for a typical bank loan, while the former more often has to rely on high cost investment with part of their company/idea (stock).
Make sense?
No, not necessarily. It means they need financing. Lots of different ways to stick a pig.
There still seems to be mild concern ("mild", at least as I read it), regarding the sustainability of longer-term higher price stability in the ore market that touches on both financing and future mining profitability.
In other words, will prices remain at their current levels for long enough to both motovate financiers to make the investment and justify opening Houston for multi-year operations?
Also of note, to my mind, is the following...
"LIM is particularly interested in continuing exploration on LIM’s extensive mineral claims for other buried deposits similar to Howse [which LIM sold in 2013 & 2015] in size and grade.
"Previous exploration programs completed by LIM in earlier years suggest a strong correlation of rare earth elements (REE) and selected trace elements between bedrock and some soil sample media.
"In order to more fully evaluate the significance of this information, detailed sampling was undertaken over a variety of topographic and geological settings to verify the statistical/economic effectiveness of this type of investigation for future exploration programs."
So, what else of value is out there?
All the above (except direct quotes from the report) is solely IMHO.
GLTA!!!
From SH meeting readout #2...
"For the past few years, the shares of Labrador Iron Mines Holdings Limited have been trading on the OTC Grey Market, under the ticker symbol LBRMF:US.
"Recently the status tier of the Company has been upgraded to the Pink Open Market, operated by OTC Markets. There is no change in symbol.
"This change followed applications to FINRA (Financial Industry Regulatory Authority) by US brokers who wish to make a market in the shares of the Company.
"Within the Pink Open Market there are three categories. Initially LIMH has been classified in the “Pink-No Information” category as LIMH is not required to be registered with the SEC and is not traded on a Qualified Foreign Exchange.
"LIMH is now taking the necessary steps to further upgrade to the “Pink-Current” tier of OTC Markets, which, if approved, will provide increased visibility, transparency and liquidity for investors wishing to trade in the Company’s shares."
From SH meeting readout...
"When in full production, the Houston-Malcolm deposits are expected to produce consistent saleable product of
about 2 million tonnes per year, with an initial mine-life of 10 years."
NEWS IS OUT!!! Top posting on list.
http://www.labradorironmines.ca/invest_news_and_information.php
Taking a bath here. We need some news.
CDEL ask dropped down to 17k.
I have never been to a SH meeting. How long are they usually?
Interestingly enough, this is exactly how spies communicate.
Added another 10k this morning. If news from SH meeting is positive, would like to double my money today.
Very happy if we hit .20 today. Very.
Do we have anyone here who is actually going to be at the shareholders meeting? Would be nice to get some information relay without delay.
Short that, any insights into where meeting results/information will appear in the most timely fashion?
Thanks in advance an GLTA!
That's almost one whole movie-goer per screen per day! I bet there were even a handful of screenings where two people showed up!
That's quite impressive.
Think of the fight for "the best seat in the house".
I have seen one or two, but a dollar here is so incredibly unlikely it is not even worth discussing.
It could make a tidy little profit, though.
Greatly reduced OS is great news. Continuing to make some money on the manufacturing side for now is good news. Waiting for creation of new edibles company is a bummer, yes.
As Infused Edibles has been off the market for a couple years (if I am understanding correctly), there is minimal loss of brand values. Two years ago, IE brand value would have been worth much more. But now, why pay a premium for an item you could create yourself?
Overall, this appears to be a very solid business decision. Today's SP instability, IMHO, stems from investor confusion.
All IMHO
Glad I sold 90% of what I bought at 9:30 for .05 at 11:00 for .16. Might buy back in at .03 or .04. P&D may be good for one more days action.
Got this one right. Finally getting the hang of this capitalist gambling game.
Um...and?
Lol! Delayed reaction.
You bet! Up 5% today on 9k volume. Just think what could happen in 5-10 minutes time with some heavy buys. Normal buys, for that matter.
Ten day clock for board change notification ends today! That means that starting tomorrow, PR on the merger can come at any time. As previous PR/8K (can't recall) stated they wanted to get this deal done by 31 October (next Thursday), I would expect a nice, fat PR sometime this week...Monday at the latest.
But really, it could happen anytime, starting...NOW!