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Volume is the key. Look what happens every time a reasonable size order comes in.
Now when we start to see volume in the 300,000 range in a day this stock will move up fast.
As it did in the past 6 months.
Not sneezing.
Look at the historical volume data below the message section and this will provide you with the data.
JP....when you say "volume keeps poring in" I am not sure we are looking at the same company as I am. 46,000 shares is not what I would call pouring in....more of a dribble to me.
Hey Steve Anglesey PEA was calculated using copper price of $2.81..... today it traded $4.81.
Yes this is a separate company.
I have followed it for years as well as our own LBRMF.
And yes Marketbeat was referring to LIM some months ago.
No....it is not a subsidiary of LBRMF.
Kearney is not CEO of the two companies....he is Chairman.
The only thing to comment is that Kearney is the Chairman of this company and other mining companies including LBRMF.
Other than that there is no connection.
Hi Zoob.
I am not able to find this quarterly report.
I have gone to their web site and it is not as yet listed.
Can you please provide a link.
Thanks in advance.
For your reading pleasure.
https://ca.finance.yahoo.com/news/copper-holds-near-10-000-034705245.html
Ouch....that sucks.
I use SctoiaItrade and there is no waiting!
All you have to do is copy and paste this: Historic global steel price rally sweeps iron ore to all-time high
For your reading pleasure:
Metals 27 Apr 2021 | 13:29 UTC
Historic global steel price rally sweeps iron ore to all time high
Featuring
Julien Hall
Commodity
Metals
Topic
Commodities 2021, COVID 19: Coronavirus Outbreak
The staggering recovery of global steel demand last year has driven the market for its main ingredient, iron ore, soaring in recent months, and helped S&P Global Platts 62%-Fe IODEX CFR China reach an all-time high of $193.85/dmt on April 27.
The red dirt has seen its price more than double over the past 12 months from $83.40/dmt on April 27, 2020. And as the world turns to infrastructure to stimulate its post COVID-19 recovery, and as other industrial metals show comparable rises, it could indeed be reasonable to ask how much further this rally could go.
S&P Global Platts IODEX iron ore price 2008-2021
What we are witnessing is the continuation of a demand-driven trend that began exactly a year ago, when China saw a fast rebound in economic activity following its rapid exit from lockdown, which was immediately matched by a sudden spike in steel prices.
China produces over 55% of the world's steel and buys over half its seaborne iron ore. The recovery was underpinned by China's 2020 stimulus package which contained Yuan 4 trillion ($153.8 billion) of relief for industry, on top of Yuan 2 trillion in fiscal spending, targeted at the infrastructure sector.
For a few months, China's strength was offset by weaker steel demand in other countries still grappling with the virus. But in the summer, global steel demand began rallying too, adding to China's already considerable appetite for iron ore.
Germany turned the corner in July and the US in August. They never looked back. Since summer 2020, global steel markets have been experiencing an unprecedented rally—in just nine months, hot-rolled coil prices in the US have more than tripled, while they have more than doubled in Germany and Brazil.
Global steel hot rolled coil prices 2016-2021
The current steel price trajectory suggests there is more room for immediate upside, and observers feel this trend could be sustained for some time, supported by infrastructure-heavy global stimulus plans. The largest by far will of course be US President Joe Biden's $2 trillion "once in a generation" infrastructure plan, which, even though it's been noted to include a large chunk of spending on items not traditionally regarded as infrastructure, would involve fixing 30,000 km of roads and 10,000 bridges.
At the same time, Chinese fundamentals show few signs of tapering off. The country produced 271 million mt of steel in Q1 2021, flat from Q4 2020. Steel inventories have kept dropping, reflecting strong demand both locally and for export, while profit margins at mills are at elevated levels of $135-$175/mt.
There is, however, growing nervousness about the Chinese government's stated aim of cooling an overheated property market via a gradual tightening of credit supply, and Premier Li Keqiang has also recently made note of rising raw material prices as a concern, though without signaling any clear policy actions.
The resilience of iron ore prices has been compounded by tight supply, particularly in the last three months, as both Brazil and Australia experienced seasonal production reductions. Australian miners Rio Tinto and BHP saw a decline in production by 11% and 5% quarter over quarter respectively, while the largest miner in Brazil, Vale, saw its ore production drop by 20%. These constraints are expected to ease in Q2, however.
While the market as a whole is clearly buoyant, certain pockets of the iron ore market have shown particular strength. These include high-grade iron ore fines produced by Vale, as well as "direct feed" products such as lump and pellets. These have been supported by Chinese government policies aimed at curbing its resurgent pollution problem observed in recent months, in what may be a start to its long march toward carbon neutrality.
These are extraordinary times for steel, and it seems likely that iron ore will continue to move in the orbit of its larger, downstream cousin. Chinese trends will continue to have the biggest sway, but surely global infrastructure spending will need to be watched. The last time iron ore neared the $200/mt mark was in 2011, a few years after China unleashed its $586 billion stimulus package in 2008, an amount that is dwarfed by the latest announcements of Western governments.
You are absolutely correct.
It does state 4 months.
Which is somewhat confusing that the PEA differs from the Technical Report. And those engineers and other professionals that wrote it have their names on the line as to authenticity.
Makes for a wonderful conundrum.
Well all nice thoughts but the PEA and Technical report say otherwise.
Year end prediction.
Results for the year ended March 31, 2021 will be posted sometime between the end of April and the middle of May if the past bears true.
As a result of the significant iron ore pricing I believe the company will post earnings of at least $.50 per share as a direct result of reversal in reserve recovery.
This may light a fuse.
Stay strong and long.
Nice find Charles.
You may be on to something here.
The Houston Project Rail Line....page 209:
Tree clearing for the Houston Project rail siding was completed in 2014. Construction of the
rail siding and associated infrastructure is proposed to take approximately four months with
completion in July of Year 1. Overall, the siding area earthworks has been designed as a
balanced cut and fill.
The Houston Project Haul Road....page 202:
The Houston Project product haul road has been designed to minimize earthworks
requirements and overall it is a balanced cut and fill with all excavated rock for road cuts used
as road backfill and surfacing. The product haul road has a maximum gradient of 8%. Access
to the product haul road will be controlled through security checkpoints to be installed as trailers
at each end of the road. Signs will be established every kilometre along the road and all
vehicles using the road will be radio equipped.
Tree clearing for the Houston Project product haul road was completed in 2014. Construction
of the product haul road is proposed to take approximately four months, with completion in
July, corresponding to the start-up of process operations. Development can proceed on
multiple fronts as there is existing access from both ends.
HAULAGE
In the Executive Summary:
"The QP concludes that the Houston Project is a project of merit, with a relatively low capital
intensity and positive economics at long term benchmark iron ore prices. In the QP’s opinion,
LIM should continue to advance the Houston Project."
Another stellar post Steve.
Thank you and keep hunting.
I have owned stock in this company for a very long time and have added to my position as it became apparent how viable financially this company is.
Very long, very strong, with a very large position.
Good article....thank you for posting.
No need to apologize my friend.
Cheers!
Rest easy my friend, they will get an infrastructure deal done.
Thank you Steve.
I appreciate all that you bring to this board.
Just keep it coming as and when you see it or find it.
We long term investors are old enough and able enough to decide for ourselves.
Remember....information is knowledge and knowledge is power.
Well Charles we are both large shareholders.
Perhaps we could call a meeting of the Board.
Actually I have a large position and if I remember correctly you have a huggggggge position.
Cheers
ArcelorMittal Mining Canada G.P. (AMEM) and ArcelorMittal Infrastructure Canada G.P. (AMIC) stand out from several points of view.
AMEM is ArcelorMittal’s largest mining subsidiary for the extraction of iron ore. Its Mont-Wright mine is one of the most extensive open-pit mines in North America with a surface area of 24 square kilometers. Its pellet plant in Port-Cartier is one of the most efficient in the world. With a nominal annual capacity of 6 million metric tons, today it produces close to 10.1 million, thanks to the talent and tenacity of its employees.
AMIC runs a 420-kilometer railway, recognised as a reference throughout North America, as well as Canada’s largest private port. Its port facilities have a reputation for efficiency throughout the shipping world.
https://www.transformerlavenir.com/en/facilities/
Thank you Steve for the update.
I appreciate and respect the confidentiality surrounding this potential.
It would make this whole play quicker and more importantly in stronger hands.
There is not short position in this stock.
Last short report was 5,609 shares.
Would make a lot of sense as Kearney is Chairmen of both companies.
And they already hold a significant position.
Our board would like to know the source of this commentary.
Or is it just speculation?
Listing requirement:
https://www.torys.com/pages/trends/listing-on-the-toronto-stock-exchange
Note the following...." In general, an applicant company, once listed, must have at least one million freely trading public shares with an aggregate market value of at least C$4 million held by at least 300 public shareholders, each holding at least one board lot (100 shares)."
Currently we would be qualified....we have the share count, and the number of shareholders, as well current market cap is about $40 million.
Yes, and I am one of those long timers.
I have read all of the material posted on their Web Page.
I have read each of the financial statements since their inception.
I understand numbers well, I am a C.A.
I also worked for many years for a mining company in Northern Manitoba.
I understand the nature of this beast called mining.
I listened to the conference call, it paints a very bright picture.
The financing, which is minimal to say the least will come most likely in the form of an Offtake Agreement.
The plan is solid, most of Wall Street forecasts we are in a commodity super cycle.
The world is awash in liquidity with unprecedented spending by all countries in the world.
All of the Monetary Institutions are printing money like at no other time in history.
This is a layup....give it time.
Thanks.
You and I have been here forever.
So I watch the makers very closely....you can observe how they manage the price. I place my offer just above the best reported bid and usually, as in my last three trades, I get the price that the lowest bid is at.
Citadel is the big player and they really manage the game.
I realize that our reward for investing here is still in the future....12 to 24 months.
But hey after owning this for a very long time, what is an extra year or two.
With a thin float, those anxious traders, not investors, trying to unload 50,000 blocks now will need to set their price low.
Allowing savvy investors to get some good pricing.
I like the spread and in fact I place orders just a little above the best bid and have been successful this morning at picking up more at the low for the day.
And 17 Celsius here on the dock in the Haliburton highlands.
Yes it seems some want out as they do not have the patience of a long time investor.
Like me.
So I will pick away and have been buying.
I liked what I saw in the presentation.
And been in the company for a very long time.
I have submitted three questions and will be listening.
Right on the mark BP.
Some of us have 7 years invested here.
Like you I am patient.
No Problem.
I am just trying to keep it real here with facts.
Cheers.
So JP....please post a link to your assertion or copy that piece of the PEA that supports your understanding.
I agree....first up get the financing in order.
The rest will take care of itself.
I have been on this one for a very long time and nothing will shake me.
I have the patience of Job especially when I see a large potential as I see here.
Cheers....long and strong.