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https://ibcadvancedalloys.com/2019/05/24/ibc-advanced-alloys-to-release-fiscal-third-quarter-2019-financial-results-on-wednesday-may-29-2019/
"IBC Advanced Alloys to Release Fiscal Third Quarter 2019 Financial Results on Wednesday, May 29, 2019"
FRANKLIN, IN (May 24, 2019)– IBC Advanced Alloys Corp. (TSX-V: IB; OTCQB: IAALF) (“IBC” or the “Company”) a leading beryllium and copper advanced alloys company, announced today that it will release its financial results for the quarter ended on March 31, 2019 after market close on Wednesday, May 29, 2019.
Well, here's hoping, but the Lind financing would tend to discredit a positive result. (Financing required for operating expenses pending payments on accouts receivable? well...)
Vanadium Redox batteries...every factory and power company needs them!
For anyone reading; See the Largo Site... M.S. will be giving a presentation today, 5/15/2019 at 12:00 EST.
From
https://www.marketwatch.com/press-release/largo-resources-reports-first-quarter-2019-results-2019-05-14?mod=mw_quote_news
Mark Smith, Chief Executive Officer for Largo, stated: "The decline in the price of vanadium and the significant remeasurement of trade receivables under the Company's off-take agreement greatly impacted profitability this quarter. Despite continued pressure on vanadium prices, the operations team successfully completed the kiln refractory replacement ahead of schedule in addition to increasing global recoveries by 5% from the same quarter last year, setting a new quarterly record. Cash operating costs(2) for the quarter were 4% lower compared to the same quarter last year and I am very pleased with the team's ability to remain focused on cost discipline at the mine."
"The Company's exploration initiatives are progressing as planned with drilling at the Novo Amparo Norte and Novo Amparo deposits now complete and the commencement of drilling at the São Jose deposit. The Company's work on a new resource estimate for Novo Amparo Norte is now well advanced and we look forward to providing an update to the market towards the end of Q2 2019."
He concluded: "We are committed to implementing a comprehensive capital return program to return cash to our shareholders in the form of dividends and/or the repurchase of shares and/or warrants following the intended repayment of the Company's remaining debt balance of US29.1 million. We intend to communicate the details of the comprehensive capital return program at or before our Annual Meeting of Shareholders in June."
https://s22.q4cdn.com/197308373/files/doc_financials/quarter/2019/q1/LargoResources_FS_Q12019.pdf
Reviewing now. looks like Net income (loss) $45,844. Has cash of $190,700. (Millions $Cdn)
"Subsequent events
Subsequent to the three months ended March 31, 2019, 1,851 warrants were exercised resulting in proceeds tothe Company of $7. A further 323 warrants were surrendered as part of a cashless exercise. In addition, 120 stockoptions were exercised resulting in proceeds to the Company of $55.
On May 3, 2019, the Company issued its excess cash flow offer to purchase all of its outstanding Notes of US$29,101at a purchase price of 103% of the principal amount thereof plus accrued and unpaid interest to, but not including,the purchase date. The offer was made in accordance with the terms of the Notes and will expire at midnight, NewYork City time, on May 31, 2019, unless extended or earlier terminated."
Looks like they will be repaying remaining debt.
They received $101,403 in prepayments on Vanadium sales. Because of the decrease in Vanadium price the was adjusted downward by $57,059 resulting in 1Q revenue $44,319.
Debt paid down, revenue is about what, $.08 per share? (529,649 shares approx.) Quick dirty take... I suspect no dividend this quarter. We will see tomorrow!
L.M., P.M. all, Largo has posted Q1 2019 earnings.
https://s22.q4cdn.com/197308373/files/doc_financials/quarter/2019/q1/LargoResources_FS_Q12019.pdf
Reviewing now. looks like Net income (loss) $45,844. Has cash of $190,700. (Millions $Cdn)
"Subsequent events
Subsequent to the three months ended March 31, 2019, 1,851 warrants were exercised resulting in proceeds tothe Company of $7. A further 323 warrants were surrendered as part of a cashless exercise. In addition, 120 stockoptions were exercised resulting in proceeds to the Company of $55.
On May 3, 2019, the Company issued its excess cash flow offer to purchase all of its outstanding Notes of US$29,101at a purchase price of 103% of the principal amount thereof plus accrued and unpaid interest to, but not including,the purchase date. The offer was made in accordance with the terms of the Notes and will expire at midnight, NewYork City time, on May 31, 2019, unless extended or earlier terminated."
Siarayne; Q1 2019 posted;
https://s22.q4cdn.com/197308373/files/doc_financials/quarter/2019/q1/LargoResources_FS_Q12019.pdf
P.M. Great pictures! Aurora don't make it this far south very often (Kansas.) Saw them more when I was in Wisconsin.
I feel considerably better after the Niocorp presentation. Price needs to pick up though. (Die shorts, Die! :)
Largo presentation in 2 days (May 15th.) They Lowered expectations based on Vanadium prices. Hopefully that makes it easier to outperform those expectations at a later point.
(James Doohan "I don't know if she (Enterprise) can take it Captain!" Of course it always did. Again, hope this is the case...)
P.M. ah well... a distraction slide from that $8 million thing for Niocorp.
May 11, 2019
"STEVE--the aurora that is not an aurora--made an appearance during last night's geomagnetic storm. Photo credit: Harlan Thomas of Calgary, Alberta."
(Probably the blue aurora is messing with people. Did you go outside an see it? )
<sarc> "Disagree strongly. The economic boom that began under Obama is continuing based on unsustainably increasing debt both public and private." <sarc off>
There! Fixed it!
One or two snide comments I can over look but not a running political discussion.
The adjunct professor of Law who never ran a business, was elected for politically correct reasons was an anti-colonialist who took actions that were economically damaging to the U.S. He told us that 2% growth was noble and good and that the U.S. was full of bad folks that needed to be punished for the sins of the past so just get over it an embrace underemployment and economic destruction. The debt increase began under Clintons, Bushes, and continued under Obama. (I agree that you cannot deficit spend for ever.)
The Chinese have been Stealing intellectual property for decades, not to mention outright theft of factories, machinery, and equiptment located in their country. (E.G. Fellows corporation Factory; managment came to work one day, the factory was locked up, some Chinese "Prince" stole all the equiptment and kicked U.S. Managment out and started producing the same product.) Trump can kick their ass all he wants since the rest of the world mumbles and sits by watching all this happen. (That, of course, and Europe not paying their Nato Dues.) Will it be disruptive to the world economy if he calls them on it? Yes, but its about time and needed to be done. (By the way....who owns the Mountain Pass mine now?)
(B. Obama did work once at an Ice Cream stand, where he stated that he gave away ice cream to his friends. He did the same sort of thing with goverment money after he became President.)
Tante Duracell: A lot of good information in the previous posts.
You can place an accounting or hypothetical valuation on a real asset but there is only one real measure of an asset's worth, and that is the price a person or business has paid for that Asset. In your hypothetical example of a bankruptcy who knows the final valuation of Niocorp assets after the courts and lawyers are done.
I do not think that will happen.
If it came to that point I think Niocorp management would look for a merger with a larger mining company that retains our shareholder ownership. (I would like to think Largo Resources, but M.S. has already said that will not happen. )
I think the reality is that Management will continue to work for financing and eventually it will happen, may even be happening now. Lets see if anything is announced Thursday.
Tante; No problem!
P.M. So vent souvent! Can't blame you. I only invested a Niocorp within the last 7 months and its difficult to watch it drop 4 or 5 cents. I can't imagine watching it over 6 or 7 years. Can't tell you what to do but its gotta be soon.
NE Goodlife; Interesting link. a lot of expired options and warrents. Mark owns a few shares. Q3 reporting should be out soon.
https://www.insidertracking.com/company?ticker=IB*CA
Bernice; Here we go...
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aIB-2749468&_ga=2.62237612.182841032.1556545510-1400977181.1556545510
IBC Advanced Alloys Corp. has closed the company's previously announced non-brokered private placement.
Pursuant to the offering, the company issued 2,477,080 units of the company at a price of 22 cents per unit for gross proceeds to the company of approximately $545,000. Each Unit consists of one common share of IBC (each, a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one common share of the Company at a price of C$0.28 until April 29, 2022. All of the securities issued pursuant to the Offering are subject to a four month hold period in accordance with applicable Canadian securities laws. Proceeds of the Offering will be used for working capital and general corporate purposes.
Mark Smith, Geoff Hampson and Simon Anderson, directors of the Company, participated in the Offering by purchasing an aggregate of 682,047 Units. Accordingly, the Offering constitutes a related-party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of any securities issued to nor the consideration paid by such persons would exceed 25% of the Company's market capitalization. The Company did not file a material change report more than 21 days before the expected closing of the Offering as the details of the Offering and the participation therein by related parties of the Company were not settled prior to the closing of the Offering and the Company wished to close on an expedited basis for sound business reasons.
Previously posted on the Niocorp board.
https://www.google.com/url?q=https://www.fidaily.com/2019/04/28/mark-smith-buys-76070-shares-of-ibc-advanced-alloys-corp-ib-stock.html
"IBC Advanced Alloys Corp (CVE:IB) Director Mark Smith purchased 76,070 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was purchased at an average price of C$0.19 per share, for a total transaction of C$14,760.62. Following the completion of the acquisition, the director now owns 2,372,725 shares of the company’s stock, valued at C$460,403.56.
Shares of CVE:IB remained flat at $C$0.20 during midday trading on Friday. The company had a trading volume of 4,200 shares, compared to its average volume of 29,525. The company has a current ratio of 1.08, a quick ratio of 0.29 and a debt-to-equity ratio of 93.28. The firm has a market capitalization of $7.27 million and a P/E ratio of -4.44. IBC Advanced Alloys Corp has a twelve month low of C$0.17 and a twelve month high of C$0.36."
Thanks TooSoon;
Links to the Videos. (I have not viewed them yet.)
0:00 / 4:07
NioCorp's Updated Elk Creek Feasibility Study: Chairman Mark Smith Reacts
So you have Bernice! Well, you have not been buying my shares. We just wait and see where they go. (More purchase orders and profit hopefully.)
P.M. "There must be something positive about Canadian stocks in your statement regarding the TSX , and why you seem to wind up with Stocks only listed there?"
From my viewpoint, the proceeds are immediately convertable into Canadian Beer! (If you like big numbers you can buy lots of shares instead of tiny little fractional shares of Berkshire Hathaway.)
"The way you have said how your luck is going, we will probably wind up on the Shanghai stock exchange trading in the renminbi/ RMB or Yuan LoL"
Wouldn't be as bad as an exchange that uses the Venuzualan Bolivar or the Iranian Rial. (Lucky to get water with the one, better not to convert to beer with the other.)
Bottoms up! (Cheers!) Prost!
Walter; "IMO Next big PR can only be financing"
Possibly...I hope..
Mark signed off on The last quarterly report (2Q 2019) On Date: February 8, 2019. (NioCorp’s fiscal year ends on June 30)
https://www.niocorp.com/wp-content/uploads/NioCorp_Q2-2019_CEO_Certs.pdf
Niocorp 3rd Quarter report should happen in the next 2 or 3 weeks. May 10th? (I boldly predict that it will report a Loss!)
It would provide a good opportunity to report financing (Which I do not predict one way or the other.) If FA perhaps 5/15? FA followed by 3Q loss...would make the loss more palatable. If not, well?
GLTA who have been patiently and impatiently waiting!
Johanna, Thanks!
Did some research on my account/brokerage and I do not think that my shares can be loaned out. It might affect others.
Trofee;
from "https://www.otcshortreport.com/company/NIOBF"
Date Close High Low Volume Short Volume %of Vol Shrtd
Apr 23 NA NA NA 168,831 106,854 63.29
Wow! 63.29% of the 4/23 OTC volume was shorted. (Is that you Kmack?)
Someone on the Largo board said that if you place a Sell limit order much higher than the current amount it will prevent your shares from being "Loaned" to short sellers. (Set the sell to $2.42 USD when its at $.42.) Can anyone confirm this? (Of course you take the risk that financing comes and you sell your limit shares!)
Thanks Slashnuts! Good idea! SP was a in a bit of a free fall for a while there! (Vanadium prices have started to stabilize.)
Less is More; Thank you for posting the information!
P.M., A.O. Walter S. A good presenttion, very hopeful. On the issue of financing all we can do is keep slogging on.
The 2019 2nd quarter report was signed by Mark on February 8, 2019. The 3rd quarter report should be issued what? about the end of the 1st week of May, about 2-3 weeks from now. Lets hope that becomes an opportunity for news on financing.
(On May 15, 2019 Mark will present Largo resources First Quarter 2019 Financial Results Conference Call. That will not be a fun call for M.S. given the decline in Vanadium price and Largo Share price.)
S.R.; Without looking my Guess would be that the income from Q1 would be sufficient to pay off the debt. Next priority would be to complete any equipment upgrades. They were thinking about a Vandium Redox Battery array on site to deal with anticipated power outages and to advertise & promote product usage. (I have no idea how much that would cost.)
Then buyback possibly dividends. It would be a good thing to have a dividend at some point since every time I look at Largo resources it indicates "Does not pay dividends." (Not a good advertisement for your stock.) A return on investment while you watch SP plummet would be helpful.
I think the context here is that there will be a reduced demand for vanadium as other sources, especially in central Asia, come into production and that may pressure Largo. I do not know if its possible, but it might be a good thing to partner with a Vandium Redox battery producer.
Again, just me thinking. (Slashnuts, douginil...any thoughts?)
Siarayne; TO get back to what you said. yes, it would be a good thing to do a share buyback.
GE, L.M.; There may be a small effect, M.S., some in managment and others in Canadian may be purchasing IBC shares as part of a PP. This means M.S. resources not available to Niocorp(Private loan?) Of course It is looking like Financing is about to happen.
Well Bernice....You are aware of the news on Niocorp. (Which should make up for my Largo and IBC shares.)
I know that M.S. likes vertical integrations. It will be a While before we get any idea of the next quarter's results and a read on where this is going. Not certain what I should do on this.
Siarayne. They have debt to pay off, $29m, I think. With the price low we can be certain that no-one will be exercising their warrents (Which apparently do not require any payment?) it would be a good time to do a buy back, but it would also be a good thing to pay a dividend to reward investors who have held on in spite of the share price.
It will be hard to hang on until 1st quarter results. "May 15, 2019 12:00 PMEST First Quarter 2019 Financial Results Conference Call"
A.O. This is a publicly announced material change. If not already arranged, this may be what management needs to give any financing negotiations one last push to completion.
(Lets hope April 22 will be the announcement for financing. If not, looking ahead, perhaps in early May timed with the quarterly report?)
Stark12; Yr.Cmmnt: "a pre-production net revenue credit of $265 million, which is generated during a six-month production ramp-up period (versus a three-month ramp-up in the 2017 FS) and is net of pre-production capital and operational costs".
My guess would be that this is from a prepayments recieved on the anticipated offtake agreement(s)? (Perhaps income from warrents being exercised at their anticipated strike price?)
Yes, with a rise in S.P. will come warrent exercises and share dilution, Nicht Wahr? Hopefull the overall increase in share value will overcome that dilution!
Landmark: Everyone wants news. Looking ahead...
NioCorp's fiscal year begins on July 1 and ends on June 30.
The last quarterly reports (2nd quarter 2019--quarter ending 12/31/2018)) were released on 2/08/2019. The next quarterly report (For January 1 2019 to March 31 2019 should be issued in early May for 3rd quarter 2019. Unless there is some material change this is the next time they are required to communicate with us. (About 2- 3 weeks.) If they have obtained and announce financing I think it might be timed to happen at the same time as the quarterly results. (Yah, bummer.)
(I hate fiscal year filings....wish everyone just used calandar year...)
Siarayne29, Thanks!
"question to anyone does anyone know if Lee Cooperman is still in this stock"
Grady, I don't know. Maybe someone else does.
Everyone: Gradyrk's question
AND this Posted on Largo;
" May 15, 2019 12:00 PMEST
First Quarter 2019 Financial Results Conference Call"
Debit is probably callable notes or bonds on June 30. A dividend would be rather helpful for me and I am sure many others....
Douginil; V redox; Well goodness Doug we do agree on this point! (Along with a few others here.)
https://www.largoresources.com/company/about-vanadium/default.aspx
"Several individual VRB companies indicate their demand could be 20,000 MT V2O5 by 2020."
I think that M.S. has indicated that He might want to utilize them in the Largo operations (I would imagine that if the power in Brazil goes out you have a choice of diesel generators or darkness... the Batteries might provide a little help with things before that Diesel generator kicks in.
(Largo note for you and others on the board)
"May 15, 2019 12:00 PMEST
First Quarter 2019 Financial Results Conference Call"
Largo can't pay off their debt and get these results out fast enough as far as I am concerned. Now, If the Management Team could pivot and get some D9s grubbing and doing some site prep on the Elk Falls project!
Thanks Doug. They are a legitimate health risk. They also tend to chop up migrating birds and do not reduce the need of other forms of electricity generation. (Until storage methods have been developed...Vanadium Redox would be good.)
https://www.instreamenergy.com/
A Belgium company Turbulant Hydro.
NE Goodlife/Slashnuts/Bernice Thanks NEGoodlife! I feel more positive than I did A While ago. Lets see what happens since this is apparently going mostly to managment. Mark looking vertical integration for eventual Niocorp Scandium?
https://ibcadvancedalloys.com/home/newsroom/
[NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR FOR DISSEMINATION IN THE UNITED STATES]
So, you are warned!
CND$400,000 placement in in Canada and to certain individuals in the US. C$.22 per share with $.28 warrent per share exercisable within 3 years. To be used for working capital and corporate purposes.
Ontinvestor; Always Optimistic
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3653647/
"Canadian family physicians can expect to see increasing numbers of rural patients reporting adverse effects from exposure to industrial wind turbines (IWTs). People who live or work in close proximity to IWTs have experienced symptoms that include decreased quality of life, annoyance, stress, sleep disturbance, headache, anxiety, depression, and cognitive dysfunction. Some have also felt anger, grief, or a sense of injustice. Suggested causes of symptoms include a combination of wind turbine noise, infrasound, dirty electricity, ground current, and shadow flicker.1 Family physicians should be aware that patients reporting adverse effects from IWTs might experience symptoms that are intense and pervasive and might feel further victimized by a lack of caregiver understanding."
Picture of turbine fire here.
https://gineersnow.com/industries/renewables/two-mechanics-died-wind-turbine-fire-helped-wind-industry
There is no reduction to existing power generation systems because you still have to have your backups available and ready to go when the wind dies down.
One of the minerals Oroplata (American battery metals??) expect to recover from the brine along with lithium is boron; Here is an article about boron;
https://www.technologyreview.com/s/613267/borophene-the-new-2d-material-taking-chemistry-by-storm/?utm_source=pocket-newtab
D2 You wrote:
"Vanadium is the closest thing on Earth to Marvel Comic's Adamantium. Nothing comes close to its strength potential. --Except maybe hemp --for some applications."
Vanadium is used to give strengh to alloys of steel and titanium.
Lgorf is profitable at this point and hope that vanadium prices rise. (As I think you do.)
Wikipedia:
"Vanadium is a medium-hard, ductile, steel-blue metal. It is electrically conductive and thermally insulating. Some sources describe vanadium as "soft", perhaps because it is ductile, malleable, and not brittle.[13][14] Vanadium is harder than most metals and steels (see Hardnesses of the elements (data page) and iron). It has good resistance to corrosion and it is stable against alkalis and sulfuric and hydrochloric acids.[15] It is oxidized in air at about 933 K (660 °C, 1220 °F), although an oxide passivation layer forms even at room temperature."
"Approximately 85% of vanadium produced is used as ferrovanadium or as a steel additive.[41] The considerable increase of strength in steel containing small amounts of vanadium was discovered in the early 20th century. Vanadium forms stable nitrides and carbides, resulting in a significant increase in the strength of steel.[43] From that time on, vanadium steel was used for applications in axles, bicycle frames, crankshafts, gears, and other critical components. There are two groups of vanadium steel alloys. Vanadium high-carbon steel alloys contain 0.15% to 0.25% vanadium, and high-speed tool steels (HSS) have a vanadium content of 1% to 5%. For high-speed tool steels, a hardness above HRC 60 can be achieved. HSS steel is used in surgical instruments and tools.[44] Powder-metallurgic alloys contain up to 18% percent vanadium. The high content of vanadium carbides in those alloys increases wear resistance significantly. One application for those alloys is tools and knives.[45]
Vanadium stabilizes the beta form of titanium and increases the strength and temperature stability of titanium. Mixed with aluminium in titanium alloys, it is used in jet engines, high-speed airframes and dental implants. The most common alloy for seamless tubing is Titanium 3/2.5 containing 2.5% vanadium, the titanium alloy of choice in the aerospace, defense, and bicycle industries.[46] Another common alloy, primarily produced in sheets, is Titanium 6AL-4V, a titanium alloy with 6% aluminium and 4% vanadium.[47]
Several vanadium alloys show superconducting behavior. The first A15 phase superconductor was a vanadium compound, V3Si, which was discovered in 1952.[48] Vanadium-gallium tape is used in superconducting magnets (17.5 teslas or 175,000 gauss). The structure of the superconducting A15 phase of V3Ga is similar to that of the more common Nb3Sn and Nb3Ti.[49]
It has been proposed that a small amount, 40 to 270 ppm, of vanadium in Wootz steel and Damascus steel significantly improved the strength of the product, though the source of the vanadium is unclear.[50]"