Libra Natural Resources Share Discussion Threads

[bubface] 30/4/2008 14:12

note out by co's brokers liberum.
est.2008.t/o £18.7m,gross p £5.3m,ebit £2.9m,ptl 630k.neg eps
est.2009.t/o £30.3m,gross p £8.1m,ebit £5.5m,ptp £2.1m.eps 0.73p
est.2010.t/o £34.3m,gross p £9.0m,ebit £6.4m,ptp £3.1m.eps 1.1p
they value lnr at 11.25p on a dfc basis.

[bubface] 30/4/2008 13:22

asparks ..i have a few of those too actually tried to pick up a few this morning and there was no size on offer at all so left it...now look at them!

[asparks] 30/4/2008 12:12

one of my other renewable holdings is doing well today too.
rpl is up 18% on test results

[loafingchard] 30/4/2008 11:33

Nice rise in revenues , thanks for your report BigGerbil .

Market seems to be responding favourably , I will continue to hold and add .

[asparks] 30/4/2008 11:19

looking good

[someuwin] 30/4/2008 10:54

cheers BigGerbil

[asparks] 30/4/2008 10:49

some good buys coming thru

[biggerbil] 30/4/2008 10:25

Call lasted 20mins.

I took some notes:

Libra (Fibregen) Investor Conference Call notes
30 April 2008

========================================

"To be renamed Fibregen"

Glenn Smith begins conference
----------------------------------------------------
Joined by John Sterling and Peter Greensmith

"Fibregen to become a biomass to energy company"
"continue to concentrate on production of wood pellets"

"vertically integrate (wood pellet) assets both upstream and downstream"

upstream - (didn't hear this - think it was to do with supply of fibre)
downstream - small scale power generation using biomass

"early stage development opportunities in China and elsewhere"

Rick Squires brings "operational experience" "experience of shipping of product" "coal trading".

stock in ENT will be sold down "over a period of time"
========================================================

Over to John Sterling
-------------------------------------------

Important upgrades to canadian plants completed in 2007.

Discussed expansion of capacity, storage for finished product (helps with costs, helps keep mills running full time.

Chipco - operational woodchip plant. Over last 4 months, completed design work for pellet mill and acquired some equipment for this work.

"Pleased to report revenue up over 300%" due to acquisiions and operation improvements.

Some of loss due to investment in future development opportunities.


=========================================================
Back to Glenn
-------------------------------------------------
Eastern seaboard (esp south, e.g georgia, carolina) blessed with good source products and ports for distribution into Europe.

South east strategy will drive Libra towards their goal of 1million tonnes capacity by end 2009.

Capacity about 300,000 tonnes at present.

Looking to co-locate a series of 5-10MW power stations. Will lead to enhanced margins and access 'green power' tariffs and some of the benefits of carbon trading.

"We're adding power to pellets!" "...this approach has been demonstrated effectively in the German market."

Internationally, Libra are now in China with small development proj north of Shanghai. Using waste biomass for co-firing with coal to reduce emissions. Hopeful that over time we'll be able to expand into one of the most exciting markets internationally.

Also, Russian market - one of the largest timber regions in the world. "continues to dovetail" - what did he mean by this.

During 2007:
"Completed all the upgrades we said we'd do"
"Complated demerger"
"Completed significant acquisition"

With respect to financing, company and board continue to evaluate financing options. Today using a significant amount of debt to reduce equity dilution.

"quite bullish going forward."
"business in right place at right time."
"demand for our products is currently outstripping supply"

"any questions?"

=================================================================

Question 1: Is it not a very expensive way forward to own and manage forestry assets yourselves? Where would the assets be located?

Answer: We're looking to work as partners for timber management organisations. Looking to see how that may span out to possible ownership opportunities. Some locations (internationally) are cost effective to own the land, others are not. Currently evaluating how to proceed.

No further questions, so call was closed.

[abadan2] 30/4/2008 10:24

Yet again, it is all hope. The core wood business did not make a profit last year, and stripping out the loss on the investments sold, the company made a loss of £2.4m. These were the very businesses that were supposed to make millions of pounds of profits starting a coupe of years ago according to research reports from LNR's brokers. The coal conversion business, which was to be the biggest contributor to these profits, seems to have disappeared without so much as a mention. Good luck to all who keep the faith.

[bubface] 30/4/2008 10:22

pretty bullish conference call...right business..right time etc.

[asparks] 30/4/2008 08:56

v encouraging. have topped up

[bubface] 30/4/2008 08:22

analysts meeting going on now then investor conference call...perhaps they are going to be a bit more proactive with regard the market?

[barryrog] 30/4/2008 08:11

bubface,
i agree - i think the forecasts for this year are really the key to share price growth from these levels.

[themajor7] 30/4/2008 08:08

so the russian plants are still a goer,,,,great,,wonder what the profits are for the first 4 months of this year.

[dvsfm] 30/4/2008 08:06

agree with that, very good news indeed

[someuwin] 30/4/2008 07:55

Good solid news - hopefully the move back up will start here.

[bubface] 30/4/2008 07:53

it looks like there has been significant investment in upgrading plant so the production figures jump significantly at existing sites next year where there will be good operation gearing.the share consolidation does not normally help short term but may help in terms of institutional perception [they don't like penny shares as a rule] on balance good progress but this stock is for the long term when i think significant money can be made. they still appear to be in aquisition mode which still makes it difficult to get a clear picture of the real p&l.hope we get a note from liberum [new brokers] with some forecasts to chew on.

[jailbird] 30/4/2008 07:16

GENERAL MEETING

The Company will today post a Circular to its shareholders containing details on
the resolutions to be proposed at a forthcoming General Meeting. The General
Meeting is being convened to consider and, if thought fit, approve:

* The change of the Company's name to FibreGen plc as previously
announced
* The appointment of Rick Squires as a Director of the Company
* The appointment of John Stirling as a Director of the Company as
previously announced
* The adoption of the FibreGen Unapproved Share Option Plan 2008 as
previously announced
* The Consolidation of the issued and unissued ordinary shares of the
Company on a 15:1 basis
* The authorise the Directors to allot ordinary shares and the
dis-application of statutory pre-emption rights

The General Meeting will be held on 22 May 2008 at 9:00am at the Company's
registered office at City Tower, Level 2, 40 Basinghall Street, London EC2V 5DE.

Pursuant to Rule 20 of the AIM Rules for Companies, further copies of the
Circular and Notice of the General Meeting are available from the Company's
registered office.

INVESTOR CALL

Glenn Smith, Chief Executive Officer of LNR, will be hosting an investor
conference call on Wednesday 30 April 2008 at 10.00am, to discuss the results
announced today and to take questions. If you wish to join the conference call,
please dial [phone] at 10.00am and ask for the Libra Natural
Resources call.

[peter1981] 30/4/2008 07:12

Preliminary Results

RNS Number:3957T
Libra Natural Resources PLC
30 April 2008


Press Release 30 April 2008


Libra Natural Resources plc (to be renamed FibreGen plc)
("LNR" or the "Company")

Preliminary announcement of unaudited results
for the twelve months ended 31 December 2007
Board Appointment
New Production Developments in North America
General Meeting

Libra Natural Resources plc, which will be renamed FibreGen plc, today announces
its preliminary results for the year ended 31 December 2007, as well as a series
of strategic developments furthering the transformation of the Company into a
focused international biomass-to-energy business.

Financial Highlights
* Revenue up 313% to #9.7 million (2006: #2.4 million)
* Operating profit on core biomass business of #282,000
* Loss after tax on core biomass business narrows to (#96,000) from (#416,000)
in 2006
* Net assets of #8.4 million (2006: #8.1 million)
* Cash on hand at year end of #1.9 million (2006: #410,000)

Operational Highlights

* Successful completion of plant upgrades at the Princeton and Westbank wood
pellet production facilities in BC, Canada, increasing capacity and
production
* Successful acquisition of a wood chip production facility in Louisa County,
Virginia, USA
* Completion of the initial engineering design, and purchase and delivery of
some key pellet plant equipment, for a planned 120,000 ton capacity pellet
mill addition at Louisa County site
* Progress in securing fibre supply including renewal of all Westbank fibre
supply contracts
* Appointment of a new Chief Executive Officer and Chief Operating Officer/
Finance Director
* Progress with pipeline for Company's global expansion plans including
acquisition of development site in West Kootenay Canada and MOUs for a
conversion of a former particle board plant to wood pellet production in
Canada, and the proposed development of a series of wood pellet plants in
Russia

Since Year End

* Acquisition of Coeur d'Alene Fiber Fuels Inc. ("Atlas Pellets"), a US
producer of wood pellets
* Appointment of Rick Squires, who brings extensive experience and contacts in
the international renewable energy and commodities sectors, as Non-Executive
Chairman
* Heads of agreement signed with leading Chinese and Canadian partners for
provision of biomass fuel to the Chinese power station market
* De-merger of non-core assets to Evergreen Securities plc
* Proposed renaming of the Company to FibreGen plc reflecting the strategic
direction to create a leading international biomass- to-energy business

Glenn Smith, Chief Executive Officer of Libra Natural Resources plc, said: "The
Board is pleased with the progress the Company has made throughout 2007, and
feels that LNR is now well positioned to continue its strong growth as an
international biomass-to-energy business. The strengthening of the Board gives
the Company the skills and expertise, and to capitalise on its position in the
North American market, but also globally. The partnerships which LNR now has in
place will enable us to drive the Company's international growth, and the
renaming of the Company to FibreGen will further solidify our new strategic
direction."

[madengland] 29/4/2008 21:22

This stock/mgt frustrates me, i hope you are right, and there are some good results on the way

[psolomons] 29/4/2008 14:40

too bleedin late for that !!

[brando69] 29/4/2008 14:27

ADVFN telling us to ignore Libra Resources?

[bubface] 29/4/2008 14:23

TT2 got a broker mate to find out..tomorrow or following day best guess.