Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Wow! Nice post IG! Thanks.
My understanding is that hedge funds can do whatever they want!
How did you predict it's trading range, John?
We all shall/should...just watch out and not knock down a blackjack table!
This scenario doesn't per se generate cash flow, as we need start-up cash to drill and then mine, no?
So they made the filing in time to avoid possible delisting?
I hate talking to myself here, but nice action!!
Buy--buy--buy!!!
CEO has doubled his insider purchases this month!
I'm in!!
Nice...LBSR back above .05 and NAK back above 10.
And not JUST Bonanza Hills!!
If you tuck that away in a retirement fund/account, you'll have a nice little booster there w/ 200k shares!
I don't mind our neighbor/partner doing well too!
I think has finally found support at 50% retracement (from $22 high). Executives buying stock too...
CEO buying has the stock making a nice move!
How's this for a nice vote of confidence in our gems in Alaska!?
Go LBSR!!
Ivanhoe Mines to Receive US$502 Million from Rio Tinto's Exercise of All Outstanding Warrants to Advance Construction of Oyu Tolgoi Copper-Gold-Silver Mining Complex in Mongolia
8:12 AM ET 6/21/11 | Marketwire
Ivanhoe Mines Ltd. (TSX: IVN)(NYSE: IVN)(NASDAQ: IVN)
Ivanhoe Mines' Chief Executive Officer Robert Friedland announced today that the company expects to receive US$502 million from Rio Tinto later today following Rio Tinto's decision to exercise all remaining share-purchase warrants that it holds in Ivanhoe Mines.
Ivanhoe Mines received notification yesterday that Rio Tinto was exercising all the remaining Series B and Series C warrants that it was granted as part of the 2006 and 2007 financing agreements associated with Rio Tinto's original investment in Ivanhoe Mines. Rio Tinto previously had committed to convert all the warrants to shares by January 2012.
The additional shares will increase Rio Tinto's ownership stake in Ivanhoe Mines to 46.5% from the present 42.0%.
The US$502 million from the exercise of the warrants will be applied toward the accelerated, full-scale construction of the first phase of the Oyu Tolgoi copper-gold-silver complex in southern Mongolia. Following the receipt of the proceeds from the warrants, Ivanhoe Mines' current consolidated cash balance will be approximately US$1.8 billion.
The Rio Tinto payment will be comprised of US$119.7 million for the purchase of 14.1 million Ivanhoe Mines shares at US$8.51 per share from the exercise of the remaining Series B Warrants; US$379.3 million for 40.2 million Ivanhoe Mines shares priced at US$9.43 per share from the Series C warrants; and CDN$2.5 million for 827,000 anti-dilution warrants.
The increased level of ownership will entitle Rio Tinto to nominate one additional director to the 14-member Ivanhoe Mines board, increasing to seven the total number of Ivanhoe directors nominated by Rio Tinto.
Rio Tinto's investments in Ivanhoe Mines now total US$3.5 billion since 2006
Including proceeds from the warrants, Rio Tinto's combined investment in Ivanhoe Mines since October 2006 will amount to US$3.5 billion through the purchase of shares, the exercise of warrants and a converted debt facility.
The maximum level of ownership interest in Ivanhoe Mines that Rio Tinto may achieve - through the exercise of its right to subscribe, from time to time, for additional Ivanhoe shares and permitted open-market purchases of common shares - is capped at 49% until the current standstill limitation expires on January 18, 2012.
Nice map, xzx...please consider a sticky for this.
This post clarifies a mere 10's of billions of mineral wealth <sarcasm>
...thank you!!
NAK appears to have finally bottomed and is catching a bid...still greatly prefer LBSR though!
This map should be added to the stickies, please!
Go nuclear power! Go LBSR!!
http://www.mercurynews.com/breaking-news/ci_18301079?nclick_check=1
Tracy: "I’m pretty excited too!"
Does she get paid in options, or by not being hounded on the phone when our pps takes off to the moon?
Zoom-zoom!! LBSR...
Does anyone remember the last press release on a Friday @ 3:38pm EST??
...oh so quiet on the western (USA) front...
...and then,
KA-BOOM!!
ZOOM-ZOOM
(video below)
One day you're born.
The next big milestone
you discover zoom-zoom.
You can't get enough.
You grow up
acquire responsibilities
(adults don't go zoom-zoom).
But a lucky few never lost the spark.
You, perhaps?
Guess what.
There's a mining company.
They love zoom-zoom too!
Always have,
always will.
For them, mining is
expression
exhilaration
liberation.
They stake claims that capture it.
Imaginative claims.
Insightful claims.
Claims that get noticed.
Admired.
And above all, claims that carry you away.
These are the only claims worth staking.
They are the only claims worth drilling.
Do you feel this way too?
Then come with us.
Zoom-zoom.
LBSR
Nice post, thanks!
I'm dubious China will curb it's craving for more coal in the near (or distant) future!
GO LLEN!!
http://www.businessinsider.com/china-coal-and-the-great-doubling-2011-6
We ALL get paid to hold LBSR shares!
You clearly have NO CLUE about what our lil' ole' LBSR could become. Do your DD soon and buy LBSR...better yet, short the stock and retire much much later!!
Straight-up in the Mormon state! No financial fiat BS.
Go LBSR!!
Technically, we might expect a bounce off the 13-day moving average...
Back above .05!
Slap that ask!! Ooooooooooooooo, that feels goooooooooooooood!!
...true, but just saying that there could/would be less competition for JV's with those interested in US uranium exploration...
...board shrink at your service!
If the moratorium expires, this might prove bad for LBSR, as
WE'RE ALREADY GRANDFATHERED IN!!
The tailings dam that is being engineered (for NAK --and LBSR?), must be able to withstand quakes, and probably pretty good sized ones, being this is such a seismically active area...
EXECUTIVE PROFILE*
Murray Paterson
Vice President of Exploration and Development, Lago Dourado Minerals Ltd.
Age: 39
BACKGROUND*
Murray Paterson has been Vice President of Exploration and Development at Lago Dourado Minerals Ltd. since August 6, 2010. Mr. Paterson has more than 15 years experience in open pit, underground, precious and base metal operations, and near mine exploration in a variety of geological environments worldwide including Bolivia, Eastern and Southern Africa, West Africa, the UK and Western Australia. Prior to this, he served as Mine Geological Superintendent of Equinox Minerals ... Limited at their 20MT per annum Cu-U operation in Zambia. He also served as the Chief Mine Geologist at the large world-class Geita Gold Mine in Tanzania which produced 690,000 ozs of Au per annum. Mr. Paterson served as Mine Geological Superintendent of Equinox Minerals Limited, an international mining company that is dual listed in Canada and Australia on the TSX and the Australian Securities Exchange from November 2008 to June 2010; Chief Geologist of Apex Silver Mines Ltd., a mineral exploration and development company from July 2005 to October 2008.
CORPORATE HEADQUARTERS*
55 University Avenue
Toronto, Ontario M5J 2H7
Canada
Phone: 416-368-5005
Fax: 416-703-8299
From:
http://investing.businessweek.com/research/stocks/people/person.asp?personId=115564027&ticker=LDM:CN&previousCapId=114148740&previousTitle=LAGO%20DOURADO%20MINERALS%20LTD
Beautifully quiet...(Gillete --my brand) razor-thin volume...
PATIENCE AND PERSEVERANCE...
There was semi-serious talk of doing just THAT on THIS board!!
How much would it take for us shareholders to pool together enough to drill 3-4 2000ft holes in each of our 6-7 "Pebble-sized" targets and have 'em assayed??
I hate doing this REAL MATH, 'cause it hurts my head too much...and I even passed differential equations! But I never got to count that high before:
T-R-I-L-L-I-O-N-S
That number is enough to make any man jump around in a helicopter all season and become the single largest mining claim holder in Alaskan history, CRAZY!!
They could spend the remainder of that $1.5B on us...get all of us (BCSP, Pipes, etc.) for a damn dollar!! I suppose Anglo is a bit more conservative than that (wanting to "see" what's in the ground FIRST)...but maybe there's still a gambling streak amongst the Anglo board...ROI would eclipse return on NAK by a very very long mile, and make up for their loss of $300M <wishful smile>.
Won't happen...razor thin volume...on a day with DOW down >180 points!! Missed your chance yesterday...
I hope they won't be singing:
Breakfast at Tiffany's from Deep Blue Something
Sector move. LBSR is a value play though...and mineral diversification at it's best!!
http://www.economist.com/node/18774624