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Very nice post and well put! The same Capex and 16 months less is huge...
Ibc Q4 numbers next week friday 30th ...... looking forward to those and some days later the notes around the numbers...
Hola hoña tou had a nice holiday??
No not with 10% Bernice sometimes 0,01 or 0,005 with hardly any volume at all...
Thanks for your info reading the smallprints!! I think you are right something is going on and it must be good. Today up 0,03 is great!!
How can we from europe participate in the private placement???
We expected indeed a better result than last year same quater and hoped to see a better result than the first quater of this year. More production and a better price and lower costs what else do you want??
Just two more of these quaters to see a perfect year that would be great for the company and for us!
Mark Smith, President and Chief Executive Officer for Largo, stated: "We are extremely pleased with our financial and overall operational performance during the second quarter of 2018. In continuing the success of Q1 2018, Largo recognized revenues of $103.3 million during the quarter and achieved net income of $90.7 million, including a non-cash deferred income tax recovery of $45.6 million. Importantly, because of this ongoing strong performance, our net debt level as at June 30, 2018 was approximately $115 million, or approximately US$87 million)."1
Mark Smith, President and Chief Executive Officer for Largo, stated: "We are extremely pleased with our financial and overall operational performance during the second quarter of 2018. In continuing the success of Q1 2018, Largo recognized revenues of $103.3 million during the quarter and achieved net income of $90.7 million, including a non-cash deferred income tax recovery of $45.6 million. Importantly, because of this ongoing strong performance, our net debt level as at June 30, 2018 was approximately $115 million, or approximately US$87 million)."1
Stop loss at the moment is $1,44 us
Eh I think you don’t have to learn anything when you are happy with your profit. Thats why I use VV they give a stoploss and a sell when the stop is reached..I sell. And sometines I just sell when I like the profit and being happy with that....
Have a nice Sunday Anke and the rest of the gang!! Tomorrow another day with hooe and expectations and every day more knowledge!!
Thanks everybody !!!
Largo has a BUY rating in VectorVest!!!
You are right the numbers should be allright, the Vanadium price is high and hopefully the production aswell.
Bought some for my grandchildren ... you never know. With these low interestrates they will not gain anything so better buy some lgo Ibc and Nb ha ha
Goed weekend Anke
IBC preparing for????
Yes
Scandium???
Yes!!!!
Just my opinion!!
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IBC Advanced Alloys Secures Extension of Line of Credit and Term Loan Facility with BMO Harris Bank
FRANKLIN, IN (August 9, 2018) – IBC Advanced Alloys Corp. (TSX-V: IB; OTCQB: IAALF) (“IBC” or the “Company”) a leading beryllium and copper advanced alloys company, announces that it has secured a renewal of its existing line of credit and term loan facility with BMO Harris Bank (”BMO”). The renewal allows the Company to immediately deploy recently raised funds to purchase and install new capital equipment and supply inventory, which the Company believes will help it expand production capacity, reduce costs, and provide a hedge against supply uncertainty as demand increases for various materials.
The Company’s capital equipment purchase plans include the acquisition of several production machines, robots, and additional processing tools in both its Copper Alloy and Engineered Materials divisions. The Company also intends to increase inventory by purchasing additional copper and other materials to allow for increased billet production, improve sales quote success rates, and to a provide a supply hedge. IBC also intends to increase maintenance stock in order to reduce risks of equipment down time.
The renewal of both the BMO line of credit and term loan facility extends the facility until February 28, 2019. Approximately $3 million is available to the Company under the line of credit, and the term loan has a maximum of approximately $1.2 million.
In separate news, the Company announced that its board of directors has approved the issuance of up to a total of 641,035 common shares at a deemed price per share of between $0.308 and $0.376 to its non-executive directors and certain employees and consultants in consideration of their service to the Company for the period from January 2017 through July 2018. The issuance of the shares is subject to the approval of the TSX Venture Exchange. The shares will be subject to a four month and one day hold period from the date of issuance.
Mark A. Smith, Geoffrey Hampson, Michael Jarvis, Simon Anderson, and Chief Executive Officer Duncan Heinz currently hold an aggregate of approximately 11.9% of the issued and outstanding common shares of the Company. Each issuance of common shares to General Heinz and the non-executive directors constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and TSXV Policy 5.9 Protection of Minority Security Holders in Special Transactions. The Company is relying on the exemptions from the formal valuation and minority approval requirements contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, on the basis that the fair market value of the transaction does not exceed 25% of the Company’s market capitalization.
For more information on IBC and its innovative alloy products, go here.
On Behalf of the Board of Directors:
"Duncan Heinz”
David “Duncan” Heinz, President, CEO and Director
# # #
Contact:
Jim Sims, Director of Investor and Public Relations
IBC Advanced Alloys Corp.
+1 (303) 503-6203
Email: jim.sims@ibcadvancedalloys.com
Website: www.ibcadvancedalloys.com
@IBCAdvanced $IB $IAALF #beryllium #copper #F-35
ABOUT IBC ADVANCED ALLOYS CORP.
IBC is a leading beryllium and copper advanced alloys company serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. IBC's Copper Division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. IBC's Engineered Materials Division makes the Beralcast® family of alloys, which can be precision cast and are used in an increasing number of defense, aerospace, and other systems, including the F-35 Joint Strike Fighter. IBC's has production facilities in Indiana, Massachusetts, Pennsylvania, and Missouri. The Company's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQB under the symbol "IAALF".
CAUTIONARY STATEMENTS
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information contained in this news release may be forward-looking information or forward-looking statements as defined under applicable securities laws. Forward-looking information and forward-looking statements are often, but not always identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may" and "should" and similar expressions or words suggesting future outcomes. This news release includes forward-looking information and statements pertaining to, among other things, beliefs as to expanded production capacity, cost reductions and hedging against supply uncertainty resulting from the deployment of recently raised funds, the Company’s capital equipment purchase plans and the Company’s intention to increase inventory and maintenance stock. Forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company or its customers operate, including the semiconductor manufacturing and oil and gas industries, risks associated with manufacturing activities, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. As a result of these risks and uncertainties, the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.
Please see “Risks Factors” in our Annual Information Form available under the Company’s profile at www.sedar.com, for information on the risks and uncertainties associated with our business. Readers should not place undue reliance on forward-looking information and statements, which speak only as of the date made. The forward-looking information and statements contained in this release represent our expectations as of the date of this release. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information or statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.
Copyright © 2018 IBC Advanced Alloys, All rights reserved.
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Right Walter exactly what there is happening. All the important participants are lining up!!
I think you did not red the post well or did not understand it??
It seems a very good and rather indepth article with views of all sides and a lot off references to people and departments...
I think that a lot of these permits depends on the more detailed plan that Nordic is developing. You only can go fir these permits when you have the proper information available. Waste of time and money to go after those permits without the info of course natuurlijk!!
What a strange two days?? Up a lot and than down almost the same lot....
This report talks about Molycorp does that comoany stil exists??
Do you what the costs are to get the full report??
Have a nice day
Thanks!!
Oh sorry typo!! The b o y s are back
Oh oh the bous are back!!
For me some at 0,255 but CAD ofcourse natuurlijk
More attention than last week???
Good morning, is the webminar to be found on internet??
Thanks
Strange reply!! You like to know the truth?? The truth is what the company is communicating to us, nothing more and nothing less.
You are suggesting that they don’t tell the truth.....
Bought some more shares today on this good news!!
Thank you very much Slash
Amazing that a short message can have such an impact. Within a minute you see the rise...
Don’t worry Anke, today I am a happy man. Not only that Largo was on CNBC and the sp jumped on that. But the link between Largo, IBC and Nio will be known more and more.
Business is most peoples work and for us Mark is the link between these companies...
Anke, I do have real time but this was madness....the high of the day was 2,68 but that was during my siesta ha ha....
Yes TDDT couldn’t calculate that quick ha ha it is stabelising now around 2.02...big party tonight!
So Mark cs did a great great job overthere, that must give a boost of the confidence we can have with Mark and is TEAM!
Hoi Anke, sold some at 2,26 amazing!!
Sold some of my shares and wait to buy back with some luck....
Largo on CNBC
Sorry of topic but another MS company! Up 25% ....
Wow!!!
Hello Hetfield, not on my Ipad in Holland.....thats strange....
Thanks Putz! Dank je wel!
Ai TDDT not for us this link......in Europe not available....without vpn...
Hello Monocle.
When you read some posts on the IBC board and there website you can see what the status is and more.
I think that at this moment we don’t have to know the costprice of the products they make. It is on a higher level very important to:
To know who are there customers
The importance of the tests and the results, they invest a lot of time and money to bring these tests to a good end. Third parties are testing aswell.
To know how important Mark finds the cooperation with IBC
Etc
We as shareholders are interested in news about this level and not in all the details about products, costpricing margins etc etc.