Libra Natural Resources Share Discussion Threads

[h4rsh2] 09/5/2008 09:34

thats right most of the cases someuwin...it's going to be a disaster.
I still hold 130k (avg.8.37p).
held GTL (another disaster stock) went from £2.30 (after huge consilidation)
to 33p..Marvelous!!!!

[someuwin] 09/5/2008 09:15

Don't like the sound of consolidation. In all the cases I've been involved in the share price drops afterwards.

[asparks] 09/5/2008 09:09

really?! thank h4rsh2 I did not know that

[h4rsh2] 09/5/2008 09:04

speculative means the price can either go up or down...

[the shuffle man] 09/5/2008 08:43

Investors chronicle today say shares remain a speculative buy

[biggerbil] 09/5/2008 08:32

abadan, one of the two (I believe there were only two) approaches was from a power company, the other bidder was never identified, however I assume that it was one of Libra's pellet generation competitors.

[abadan2] 08/5/2008 21:54

One does wonder about the takeover approach. ENT annouced a takeover approach with an indicative price of 0.22p some months ago. Who was the approach from, why LNR. All very incestuous.

[asparks] 08/5/2008 16:29

from my broker today:

8th May 2008

CORPORATE ACTION NOTICE
Ref: CONS-SUB
77202 LIBRA NATURAL RESO ORD GBP0.002
B06CJZ7
Consolidation

Libra Natural Resources has announced a 1-for-15 share consolidation whereby shareholders will receive 1 new
share in exchange for every 15 shares held.
The ex-entitlement date is expected to be 23rd May 2008; no pay date has not yet been announced.
SPECIAL NOTES:
1. Should there be any fractional entitlement we will credit your account upon receipt, provided such cash
value is £5 or more.
2. Should we receive any further information we will contact you accordingly.
3. If you have any queries please do not hesitate to contact our Customer Services Department on the
telephone number featured on this letterhead.
This information is provided to assist you in relation to the proposed Corporate Action. It is compiled
from sources believed to be reliable at the date of this letter. No warranties are given as to the accuracy,
completeness or timeliness of the content. If you intend to make an investment decision on the basis of
this information, we recommend that you check the details with the Company or its Registrars.
This is to notify you of a Corporate Action that relates to a stock that you currently hold. Please take the time to
read the contents of this notice.
Security Held:
Security Code:
Corporate Action Event:
Customer Account Number:
ACTION DEADLINES
Deadline for client instruction: No action is required - Information only.
CORPORATE ACTION

[h4rsh2] 08/5/2008 16:12

These are soon going to be free...(or 2 for 1)

[turbotrader2] 08/5/2008 15:37

they are closed

[the shuffle man] 08/5/2008 14:24

would have been nice to see some support for the share price coming through from the new broker or some directors buying to show some confidence at these low prices.

[etarip] 08/5/2008 10:13

I wonder why the take over company has not come back with another lower offer.

[the shuffle man] 08/5/2008 07:24

even better !!

[turbotrader2] 07/5/2008 19:07

errrm 14p the t/over approach was

[the shuffle man] 07/5/2008 17:27

At least it didnt go down again today.

Very frustrating holding this stock.

Another one which has turned into a long term hold. LOL

I do think they have now turned the corner with the focus on Biomass and with the name change and share consolidation maybe we will get noticed as being too cheap with massive potential.

I am holding patiently as i still beleive onbe day they could at least be a 5 bagger from here. They turned down a takeover last year at 12p.

[etarip] 07/5/2008 16:14

Laughing Stock of the Year - so far - more like it

[h4rsh2] 07/5/2008 16:06

LNR - STOCK OF THE YEAR??????????

[asparks] 07/5/2008 09:23

meanwhile renewables company ALK:

Times on line:

Rumour of the day

Alkane Energy, the producer of methane and electricity from disused coalmines, steady at 16p, is to unveil a trading statement at its annual meeting today. Word is that it will show that new projects in the East Midlands, Lancashire and South Wales should be completed by early next year, bringing gas capacity well above the present 20MW.

[bubface] 02/5/2008 17:35

broker is liberum the new broker for lnr.
Liberum Capital is an independent investment bank focused on adding value to clients at every opportunity. Liberum is committed to bringing 'best of breed' renewable energy technology to the investment community and supporting it in the aftermarket. The renewable energy team at Liberum Capital has been involved in the sector for over ten years and has extensive experience across the range of technologies and company stages – from pre-IPO research and fundraising to analysis of some of the world's largest renewable energy companies.

[p bear] 02/5/2008 17:31

Turbo2, was it the same broker how had 16.5p as their target this time last year?

Got the notification of new name today - but can LNR management change it's spots and start making sound decisions?

[spital23] 02/5/2008 07:27

Cheers Turbo2, who broker?

[turbotrader2] 02/5/2008 07:25

well the conservative broker value is 11.25p at present so its essentailly a bargain?

Thats if you want to listen to the most influential renewables broker in the city

[spital23] 01/5/2008 22:28

Not a problem been checking out since I read the article.

What I liked was the China uptake possiblly in the coming months / years.

What else would you consider to very positive and worth a punt at? Is there much rise in this share? you obviously know a great deal more than I can pick up on in a few hours

[turbotrader2] 01/5/2008 22:25

thanks for that

[spital23] 01/5/2008 21:52

Hi All not into this stock but seen this on Growth Company Investor today so thought I would post it for you - free of charge - good luck to all

Libra Natural Resources - SPECULATIVE BUY
Companies: LNR
01/05/2008
Green energy investor Libra is offloading its other interests to focus on its wood waste-to-energy operations in North America, and is undergoing a name change to FibreGen to reflect this.

The company owns two facilities in British Columbia, Canada, which from this year onwards will produce 131,500 tons of wood pellets and shavings per annum, and a wood chipper in the state of Virginia where production capacity is being expanded to 183,000 tons. Another pellet producer, based in the US Pacific Northwest, was acquired this April in a move adding 128,000 tons of annual capacity and turning the group into the globe's sixth largest producer – the aim is to produce 1.5m tons by the end of 2009.

Libra's revenues come from retail and commercial customers, which burn the wood for heat, since it is cheaper than coal and natural gas. Furthermore, the company ships to Europe to sate demand from coal-burning power stations that need to burn a percentage of biomass under environmental stipulations. A recent joint venture was agreed in China and as it is 'going well' it could soon be extended from one power plant to 17, with Libra taking 25% of the equity and carbon credit rights.

Results for 2007 show turnover swelled 313% to £9.7m, with operating losses increased to £1.2m, although the post-tax loss on the biomass business narrowed three-quarters to £96,000. Cash of £1.9m remained at year-end.

New chief executive Glenn Smith sees 'superior returns' and the ability to 'aggressively' scale the business 'vertically', by moving upstream into the ownership of wood-growing assets and downstream to taking shares in biomass power production. The time is ripe, he stresses, as 'first-mover' advantage will allow the group to secure these assets or agreements more easily.

Libra, whose green credentials are good, as all wood input is derived from logging and other wood-related waste, all of which are from sustainable forests, could attract fans.

Growth Company Investor subscribers have full access to all our AIM and small-cap share recommendations. To subscribe today with a half-price offer, and gain immediate access to all the recommendations, click here.


Oliver Haill
Market cap: £14. 32m
PE Forecast: n/a
Share price: 6.12p