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Re: LMB - Lamboo Resources

possible merger planned? watching with great interest
 
Re: LMB - Lamboo Resources

jigjigwhip said:
possible merger planned? watching with great interest
Click to expand...

My little understanding of "significant corporate transactions" is that they usually mean mergers or acquisitions. In this case, out of those two options, I would think a merger is more likely.
 
Re: LMB - Lamboo Resources

interesting stuff as lamboo resources (LMB) merges with Hengda graphite co (chinese graphite production company) making it the first vertically integrated, stock exchange listed, graphite resource company with downstream processing and production facilities.

as graphite becomes more and more vital in the production process of ion batteries, i see LMB's position to access and process graphite at a relatively low cost, and positioning in korea (near major android producer Samsung) as a strong competitive advantage. As Mcintosh mine comes online by late 2014, i see little resistance in the SP gaining good solid gains in the coming future!

as of resuming trading today it sits at 0.94 up 4% just today
 
Re: LMB - Lamboo Resources

Yes, very interesting news, and interesting SP action. Hit a high of 98c and a low of 86c, closed at 90c (where it opened).

Fundamentally, I like it and makes me want to hold on for long term, but I can't help but think that we must be vulnerable now to the volatility of doing business in China.
 
Re: LMB - Lamboo Resources

i agree completely! so much long term potential as graphite becomes a resource of the future (ion batteries, nuclear reactors, etc.) i believe LMB should be positioned to benefit from this. however todays SP fall seems to say otherwise, or is downward momentum just pushing the price down as previous profits are now being taken??

i bought in at 0.90 grrr
 
Re: LMB - Lamboo Resources


Hard to say regarding the downward momentum jjw...I bought in at 93, a serious amount, and my wife is pretty much ready to slice me up..great job picking a stock that managed to fall off about 18% in 2 days!! She is well impressed! Reasons..methinks these guys haven't mined any of this stuff yet..so there is a lot of work to do to get to the point where the graphite can be shipped to China Sciences...now the focus is off the site and onto sorting out if China Science is worth $150m, handing over $2m to Mr. Wang, admittedly refundable, some share swap at circa 90c...all a bit confusing and what does Lamboo know about refining Graphite into saleable product? Zip all I'd venture. I believe if they can pull it off fantastic. I bought in on the back of them being the only graphite play that had actually got a signed deal on the table..50,000t at $2k/t with costs around $540/t and the bulk of their graphite is surface mined..so not a lot of overburden to deal with on the site to get at the product. That plus graphite stock seeming to be doing well overall, or at least the stocks I used as comparison..Syrah, who claim to have the worlds largest high grade mine in Mozambique (and stacks of it at ground level) and Triton, again Mozambique and apparently challenging for the worlds greatest graphite mine..neither of which have tied up any sales deals, but no doubt beavering away at that end. Guess I'll wait and see. This is my first post, as I'd only joined the other day, hoping to get some clarity/insight on the Lamboo situation. many thanks for your previous posts guys, there was some very interesting information amongst the posts..it doesn't cost anything for me to listen. Regards, Mike
 
Re: LMB - Lamboo Resources

hang tight boys, a small but steady day today (up 1.7%) hopefully shows signs of a reversal to come! with regards to processing the graphite i assumed that was there intention with regards to the merger? combining assets with Hengda has provided Lamboo with access to Hengda's, already established, processing facilities. additionally Hengda has close ties with Chinese producers of graphite (china being the worlds largest consumer of graphite). So all in all, i still believe lamboo are well position to capitalise on the growing demands of graphite, asuming they can get it out of the ground in a minimal amount of time!

next step is securing contracts to dig, and financing!!

cannot wait for weeks to come should be a good ride!

(goodluck with ya wife lol)
 
Re: LMB - Lamboo Resources

So far seems to have settled around 85c. I think it will need more positive news to keep the SP going, otherwise a prolonged period of silence will see the SP drop.
 
Re: LMB - Lamboo Resources

I got out at 81c a few days ago. Mainly had to do with personal reasons. I still think this stock is interesting as hell and there's a lot of potential. I'll definitely be keeping my eye on this and hope to jump on when things in my personal life change again.
 
Re: LMB - Lamboo Resources

Hey TD...had thought to do the same, only hopefully at 85c+....probably ride it along for a while longer, at least to see how they settle out with the China Sciences deal. I had done some background reading on graphite by a Canadian graphite guru..his strongest advise was the miner needs to tie up with the refiner as 'graphite ain't graphite' and the refiners have special requirements with the particle sizing. I think Lamboo boys have that part under control. Good luck to you!
 
Re: LMB - Lamboo Resources

Hey guys, I'm a bit confused by the early drop today after reading what I thought was a positive announcement this morning. Anyone have an explanation?
 
Re: LMB - Lamboo Resources

HaveAGo said:
Hey guys, I'm a bit confused by the early drop today after reading what I thought was a positive announcement this morning. Anyone have an explanation?
Click to expand...

Hi HAG...all a bit confusing ain't it?? I suggest you may go to forum discussions and in the box type in 'graphite' and follow the threads, some interesting chat therein. I got into LMB at 94 and bailed today at 73, all a bit volatile for my liking and now lick the wounds and regroup. I always felt in the month I had them that there were some relatively heavy hitters riding it up and down. The chat guys are putting graphite as a 'bubble' and fair enough, given the world market as it stood was 300,000tpa..LMB now has 100,000tpa signed up, although there was no mention of price with the China Rail deal, Syrah have signed some significant sales and there are some big plays in North America.....so it is interesting. A couple of things I noticed..i bought in with the announcement of scoping study at McIntosh mine and sale of 50ktpa to China Sciences..they need $35m to set up the mine and $42m/year to run it (figures from memory, see announcement 7/7/14), so the most likely way to finance that is by share issue = dilution of share value, or possible debt funding. On top of that LMB announced taking over China Sciences for $150m and that's when the sell off started. They have about $6m cash, mostly from share and option sales, so there will have to be share issue to buy the company and it seems the market didn't like it....as the graphite chat guys have remarked 'the bubble has burst'. It will be interesting to see where the price settles to and I felt it could possibly be a lot less than 73c.
 
Re: LMB - Lamboo Resources

This closed at 61.5c yesterday, which I was very sad to see. Although I had sold out, I wanted to see this do well. The only explanation that I can give is that perhaps graphite was indeed a bubble, and it has now well and truly burst. I got burned a bit on UNX as well, before I got out.
 
Re: LMB - Lamboo Resources

hang tight, when they announce they have formally completed the due diligence and the planned merger goes ahead, this will tick many boxes for big fish potential investors, as it will become cash flow positive. big things to come in coming months.
 
Re: LMB - Lamboo Resources

Great summary Mikelow, I'm new to the game and still have a lot to learn so I appreciate the input. I haven't yet jumped on to LMB but i'm going to keep an eye on, hope you're right jigjigwhip.
 
On December 2nd, 2015, Lamboo Resources Limited (LMB) changed its name and ASX code to Hexagon Resources Limited (HXG).
 
Hexagon Resources has signed a binding Heads of Agreement with Mineral Resources Limited covering the development of Stage 1 of the McIntosh Graphite Project. Mineral Resources will earn a 51% interest in the McIntosh Project tenements by exploration and development and will be solely responsible to:
  • undertake all feasibility studies within 18 months;
  • make a decision to mine within 24 months; and
  • target completion of project development activities and commercial production of graphite concentrate within 36 months.
HXG up 36.84% to 26c today after the announcement and currently at 12 month highs. If you managed to get in last July to October you'd be doing very well indeed.

 
On November 28th, 2019, Hexagon Resources Limited changed its name to Hexagon Energy Materials Limited.
 
Strange share price spike for HXG this week. It closed at 6c on Monday and then has shot up to a high of 12c today, effectively doubling in price with no obvious catalyst.

In their response to an ASX Price and Volume query released on Wednesday the company was unable to offer any explanation for the unusual trading in the company's shares.

Bit of a mystery this one, but I'm sure the reasons for this week's share price spike will be revealed soon, one way or the other.
 
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