Libra Natural Resources Share Discussion Threads

[barryrog] 10/4/2008 14:47

and i think that LNR should now seriously consider putting themselves up for sale to one of the Big Boys who could scale up a lot quicker and take advantage of all the deals now being put in place.
at least we are getting media coverage again.

[barryrog] 10/4/2008 09:10

wirral,
whether Promotheus is AIM listed or taken private is of little consequence now to LNR.
i think we all pretty much agree that the dabbling in non core investments in the past has been pretty much a disaster for LNR and that has been reflected in the share price demise.
as i posted earlier in the week, their holdings in Evergreen Securities become balance sheet paper transactions and whether they perform well or badly is pretty irrelevant because it looks like they never had the option to get cash for their non-core investments anyway.

[biggerbil] 10/4/2008 08:55

Jailbird, EI will list within the next 7 days.

[jailbird] 10/4/2008 08:24

thanks for the reply barry,

beef up existing plants, yes i agree, these will incur costs.

the interims and operation update give costs on joint vebture.

So costs will increase/or initially occur, whether that will be enough with cash flows, we will see.

lets us not forget the further payment for the recent acquistion.
However they will sell their evergreen holdings, but i'm not sure when EI will list and if there are any lock-in periods. But we do not know how well the share price of EI will perform over time...alot of IF's and BUT's.

The Convertible loan option is fine..dilution plus interest.

Anyway i do not want to go on..but i have these concerns in the short term which may erode shareholder value..over the longer term, the strategy sounds good and if they expand or acquire without too much dilution and decent cashflows, i'm sure the mkt will look at these favourably.

[biggerbil] 09/4/2008 14:29

Does anyone know if the Chinese demo facility has any kind of web presence so we can research it and follow progress?

[barryrog] 09/4/2008 11:51

They are now generating positive cash flows so i would hope that these are sufficient to meet working capital needs.
I am not so sure that they will be looking for further acquisitions in the short term, preferring to beef up production at existing plants - although they have yet to give an update on the exclusive MOU project in Russia
their historical preferred method of funding has been to issue 4 year convertible bonds paying 8% interest.
i like this method of fund raising as it locks investors in for 4 years and has no dilution effect either.
there have always been plenty of takers - i guess even in the current climate 8% plus a 30% premium on conversion is a pretty attractive deal.

[bygadsir] 09/4/2008 11:35

jailbird

Normal posters do not reply to illiterate utterings !!

bygadsir

[jailbird] 09/4/2008 10:47

pls note there are 203m SHAReS IN ISSUE AND not 161m AS STATED ON ADVFN

oops cap lock on.

i just wonder if they may raise some funds when they just their name.

I'm assuming they are looking for more acquistions and working cpaital will be needed and some costs for the teansfrmation to new company.

mts cap is not too dmeanding as turnover should near double with recent acquistion

Any views?

[barryrog] 08/4/2008 16:53

wirral,
i agee, thats certainly the way it looks but thats not necessarily a bad thing.
the upside now is that at last we are a 100% wood pellet/wood chip play and LNR will stand or fall on its success in growing this business as far as real revenues/profits are concerned.
all the previous results were distorted by paper gains/losses on these other plays and now its all down to positive cash flows and profitability from the mainstream .
whether Evergreen Securities does well or not is only really relevant in so far as if the investment increases in value, some/all can be sold to generate cash for the real core business.
if it doesn't perform well, then we won't be able to realise that cash but at least the mgt are now all fully focused on the mainstream activities and not spending time 'fannying around' on the periphery.

[the shuffle man] 08/4/2008 15:06

They have added some big boys, see list of major shareholders, we have the likes of RAB, UBS and Henderson, its a shame they are not increasing their positions at this lower level

Major Shareholders Information Major Shareholders Amount % Holding
Broughton Limited 45,000,000 22.07%
UBS Wealth Management (UK) 21,339,751 10.46%
Savoy Investment Management 12,255,355
6.01%
P. Greensmith, Esq.
10,910,499 5.35%
Maitland Investmemts Limited 9,386,666 4.60%
RAB Capital Limited
7,950,00 3.90%
Henderson Global Investors Limited 7,118,799
3.49%
Cheviot Asset Management Limited
6,457,675
3.17%

[dvsfm] 08/4/2008 13:49

Could see a large jump though if number 1 liked the look of number 6

[barryrog] 08/4/2008 13:09

jamonit,
i've taken a similar view but it could also be a short term punt if the Co. got its act together re announcements and it's pr (or should i say lack of).
a number of small investors have put hard earned money into this co. and have held and added to their holdings during the share price demise believing that in the wider global context of essential renewable fuels this business should be a real winner.
so how come this message hasn't got over to the Big Boys?

[bungler] 08/4/2008 08:10

turbo I don't know how you maintain your relentlessly positive take on this company. The management turned down offers to take the company out at 14 pence because the price didn't reflect fair value - apparently. I don't know about other holders but I'd bite a buyer's hand off for 14 pence now.

Grumpy bungler

[turbotrader2] 07/4/2008 18:39

the next series of strategy announcements should be better IMHO

[loafingchard] 07/4/2008 17:33

thanks for that barryrog , on a medium term basis this should prove to be a cracking investment imo .

[barryrog] 07/4/2008 17:15

we're starting to get some good press exposure.

http://www.renewableenergyworld.com/rea/news/story?id=52095

[barryrog] 07/4/2008 16:14

well whatever the selling, the bid price (touch wood) has held all day.
so maybe there is a Big Buyer in the wings.