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Time to buy more folks
It will come don't worry just a matter of time nothing else
I feel you but as i see it ,it is a matter of time, nothing else.Which means this stock will go to multiple dollars for sure.It is like having money in the bank with 1000% interest and you wait in the end of the year to get the interest.
Read and enjoy...this $LBRMF investment is pure Gold.
Dry bulk driver: Iron ore poised for supercycle says Goldman Sachs
Goldman Sachs metals guru claims strong demand underpinned by supply discipline points to a commodities boom
Title in Tradewinds
I absolutely respect that , i am not talking about those people who need the money, but if you made an investment and you wait even if you have half-mil shares, why sell 0.20 now when the potencial is huge and tomorrow you may make $3, $5 or $10 a share, seriously i don't get it.
So that means according to the profitability of $LBRMF that these people who sell their shares for 0.20 must be dummies.
All the estimates show that even if the iron ore price drops to $80 we are still very profitable
Using a current spot price of US$160/dmt, adjusted for an assumed price participation by the off-take partner,
would increase the after-tax NPV8% to $459 million and the after-tax IRR to 209%.
Using a current spot price of US$160/dmt, not adjusted for any assumed price participation by the off-take partner,
would increase the project after-tax NPV8% to $778 million and the after-tax IRR to 514%.
The undiscounted cash flow of the Houston Project, calculated using a benchmark iron ore price of US$90/dmt
(62% Fe CFR China basis) and a foreign exchange rate (US$/C$) of 1.33, is $234 million.
I don't really know, but one thing i know is that when we will hear the news it will go from any level to a dollar in a few minutes
Yes we may see something similar
Just imagine that if the price of Iron Ore will go to $80 we will be still super profitable!!!!!!!So what else do we need to hear
Sure................ security is exempt from the definition of a Penny Stock under SEC under Rule 240.3a51-1 because it meets one of the following tests: 1) A price of over $5 per share, 2) the issuer has Average Revenue of at least $6 million for the last 3 years, or 3) the issuer has Net Tangible Assets in excess of $2 million if the issuer has been in continuous operations for at least 3 years or $5 million if less than 3 years. All the best
OTC mentions for $LBRMF Penny Stock Exempt which is amazing and please don't look at the ticker right now, i know how you feel but all this will change suddenly in a split of a second, so despite a lack of communication by Kearny nothing has changed.Everything looks super great, if anyone wants to sell his shares for 0.20 no problem, this is how people stay poor and others become rich.!!!!!!!!!!
If you see yesterday Citadel was asking to buy 22.5 and at the same time they moved to sell 23.5, but the short interest here is almost nothing, when we will get the good news with a better volume we can go to the sky
ANGLESEY MINING PLC - Labrador Iron Mines Annual Results, Plans for HoustonHouston Funding
In order to fund its planned near-term initiatives, the Company plans to complete a working capital financing of approximately $2.5-$5 million. The Company is exploring various working capital financing alternatives including a potential private placement of equity. Various future construction financing alternatives being considered for 2022 include, without limitation, an advance payment component of an off-take contract, equipment leasing arrangement(s), potential project partners, potential government funding and potential equity financing.
The answer is here....the options........ limitless
Good Morning all, great days ahead of us
ANGLESEY MINING PLC - Labrador Iron Mines Annual Results, Plans for HoustonHouston Funding
In order to fund its planned near-term initiatives, the Company plans to complete a working capital financing of approximately $2.5-$5 million. The Company is exploring various working capital financing alternatives including a potential private placement of equity. Various future construction financing alternatives being considered for 2022 include, without limitation, an advance payment component of an off-take contract, equipment leasing arrangement(s), potential project partners, potential government funding and potential equity financing.
We learn from AYM the news so don't worry about it, everything looks great
It's one and the same
Comment by Seeking Alpha about $LBRMF
If the current iron price persists for the next 3 years, this stock is worth several dollars a share. Expect to see the company complete a small equity issue to raise working capital and follow that with a streaming deal or take off prepayment to get Houston back into production.
From the site of Anglesey Mining plc
Labrador Iron Mines
Anglesey also holds 12% of Labrador Iron Mines Holdings Limited which has direct shipping iron ore deposits in Labrador and Quebec. These iron ore projects have been held in stand-by care and maintenance pending an improvement in the iron ore price, however on 29 Oct 2020 LIM announced the commencement of a Preliminary Economic Assessment on its Houston project. This represents the first major development of LIM’s assets since the last production in 2014. See details of the announcement on this link. LIM is working to commence production of direct shipping iron ore from the Houston deposits at the earliest opportunity, see the LIMH Second Quarter Results
The latest update to the PEA was published on 09 Mar 2021 and the LIM Annual Results (with further details of the plans for Houston) were published on 30 June 2021, see the News page for details
Good days ahead of us
I can go 0.24 or even 0.245 , have a nice Wknd
Amazing days ahead of us, i am waiting to clear some funds and i will buy 15 to 20.000 more shares, now especially that some sell for 0.24.I am just wondering how come some people sell for so cheap ? But again no worries i will buy them ....just wait a bit until next week
Everything looks super fine for me, Great times are coming , GO $LBRMF
Good info my friend, Thanks $TZPC
Let's do the comeback $TZPC
Think twice before you sell for 0.25 because you don't know when the news will come out. What if in July or August we have news and the stock goes close to a dollar ? What if it stays there until the grand opening of the mine ? How many would you be able to buy if the price will remain at that level ?
Just a friendly advice, i agree with Wolf and Amaration.We have been so many years with this company, just a little bit more.
P.S Of Course if you need the money right now for whatever reason, i understand.
Let's do some straight talking here.Almost 3 months ago, i had an info from a person in the mining business.This is a trustworthy guy that i know well.He is a friend of mine but not in the sense that we drink coffee everyday together.Even if i wanted to i can't because he is flying always here and there,he is from Toronto.He told me because he knows that i own LIM shares,exactly this:...........Hey your people negotiate with this company.I mentioned that to all of you.Now i will reveal the name.......it was Arcelor which is a gigantic company with offices and mines all over the world.I was expecting news pretty soon, but nothing so far.What happened with them, i don't know, but i am 1000% sure that if it is not with this company it will be with someone else.Iron ore is the new gold.This ore in Houston it will be extracted no matter what, even if the price goes to 90$ per metric tonne.I never sold any share , i only buy and i believe we will be rewarded pretty soon.I understand that some people want everything right now, which is normal because this is our human nature but if we wait we will become RICH and i mean fithy rich.Seriously the $0.25 price of the stock right now it's a joke, so IMHO as long as it stays in this level it is a gift from above for everyone to buy and make some good money tomorrow.
P.S For all new investors, please if you don't believe me keep it for yourselves because i don't want to see any comments that i try to pump the stock.This stock doesn't need pumping anyways, it is a real company with real iron ore that means many many millions of dollars for the shareholders.
Good morning dear fellow investors and chill out.This is from AYM's website, read the second paragraph
Labrador Iron Mines – Houston Preliminary Economic Assessment
On 29 Oct 2020, Labrador Iron Mines Holdings Limited (“LIM”) in which Anglesey has a 12% holding, announced the commencement of a Preliminary Economic Assessment on its Houston project in Labrador, Canada. This represents the first major development of LIM’s assets since the last production in 2014.
In light of persistently stronger iron ore prices over the past two years, and with increased inquiries and expressions of interest from potential off-takers seeking iron ore supply and with encouragement from local indigenous stakeholders, LIM is now working to advance Stage 2 of its planned direct shipping ore mining operations, which involves the development of its Houston deposits, located about 25 km south of Schefferville Iron Mines. See Houston PEA for full news release.
The latest update to the PEA was published on 09 Mar 2021, see the News page for details or this link for the full report: LIM_PEA_09March2021
This Simantu mine has a lot of Ore that China needs badly.They are willing to build a mega construction and it will cost them 14 Billion dollars........14 Billion dollars.They say will finish in 2025, but it is Africa, may take one or two years more.Houston doesn't have so much ore as simantu, but the 65 million to start the project seems like peanuts.Again if someone sells at these levels even without news, practically doesn't know anything about the mining business or how mines work.Anyone who holds his shares will be rewarded bid time,because when this will go up, will not go down.
THESE PEOPLE WANT TO BUILD 700 klm OF RAILWAY SPEND 14 BILLION TO START GETTING ORE IN 2025.THIS IS IF EVERYTHING WILL GO PERFECT.BUT THEY WILL DO IT BECAUSE THEY NEED THAT ORE BADLY.LIM HAS ALMOST EVERYTHING IN PLACE AND THEY NEED ONLY 65 MILLION.HAVE YOU START THINKING THAT YOU WILL BECOME RICH ? OR NOT YET ? QUESTION IS....WILL YOU BECOME RICH IN ONE MONTH IN THREE MONTHS OR IN TEN MONTHS ? ONLY ISSUE......PLAY WITH THE TIME......$LBRMF
LBRMF shareholders PLEASE READ THIS :
Mega mining project that could cripple Australia
A crazy plan to build a mega mine with a 679km railway through the remote African countryside could spell big trouble for Australia
Among the emerald green mountains of West Africa, a mega mine with a complicated past is threatening to unravel Australia’s winning streak on natural resources.
Dubbed the Simandou mine, the massive site in Guinea is one of the largest, highest grade iron ore deposits in the world – having estimated reserves of 2.4 billion tonnes of the stuff beneath the red earth of its exterior.
The eyes of the world’s biggest importer of iron ore, China, have lit up at the prospect of exploiting the remote site, but it could spell big trouble for nations like Australia which make big money from exporting it.
In case you have missed the trials and tribulations of the past few weeks, iron ore – a vital ingredient in steelmaking – has come back to haunt China in a big way.
Although it needs record levels of it to keep pace with its breakneck plan to recover from the pandemic, iron ore has been in short supply.
That means, despite China’s efforts to bring the price down, iron ore has gone from strength to strengthAustralia’s Rio Tinto has remained a major player since it discovered deposits there in 1995. Concluding it would be uneconomic to develop back in 2015, it changed its mind last year as iron ore prices skyrocketed.
It now owns one half of the deposit with Chinese aluminium giant Chinalco and the Guinean government.
The other half had been held by companies with connections to Israeli mining giant Beny Steinmetz, who hammered out a multi-billion dollar deal with Brazilian major Vale, before they were stripped amid allegations of corruption against Mr Steinmetz.
The Guinean government then handed that half, in a tender, to a consortium of Chinese, Singaporean, French interests and Guinea’s government owned Alumina company.
Their plans for the site are huge – as they gear up to start pumping out ore, with almost all of it going directly to China, by 2025To make that happen, they plan to build a $US14 billion ($A18 billion) railway through the Guinean countryside – the likes of which West Africa has never seen before.
It would carry the precious ore from the mine to the future ore port of Matakong on the Guinean coast – some 679km away.
Ok bro who is the mega winner ?
What happened i just left it for few hours and we went 0.35 cents ? Let's go $TZPC
Did you sell anything ?
From what i see so far some peoples faith will not be shaken but some will.So what will happen is that some will be tired and sell 0.20 something and some will wait a little bit and will become rich.I understand the frustration of some (no news so far) but this is a no brainer, because the issue here is only when, not if. They have only one option with such a PEA......which is to open Houston and extract Ore.If they don't is like commiting suicide themselves and i don't think that the board members plan to do so. $LBRMF
No way my friend especially now that we may hear some news this month or July.I bought some yesterday at 0.27, the ticker can show 0.25, but i don't think anyone ever sold shares for 0.25 the last 3-4 months
I know it's ridiculous we should be between 50 to 80 cents at least right now
Personally i am very relaxed , i just wanted to tell Jimmy because he mentioned lack of communication that 90% of companies don't communicate well with their shareholders...and i mean in TSX or NYSE.Some companies always announce meaningless stuff and their pps goes down.In our case i agree that when they have something solid we will know , it's a matter of when not if, so i just wait patiently to get my high interest savings in due time. Cheers
Time to go a little bit higher