On the facial skin of things Labrador, and to some degree Newfoundland, are being swarmed with what have been commonly known as “very cheap stocks” or “juniors”. They are scouring the Labrador trough, staking claims as each goes. Selling their shares on the OTC (Over-the-counter), and TSE opportunity exchanges.
Predicting massive debris of iron ore, or other such nutrients. Their shares rise and fall on every new announcement. Like Generals they search for an edge over their adversaries. That is on the facial skin of it. Dig just a little deeper then one else appears. Take for example New Millennium Iron Corp. Labrador. The company was named LabMag Mining Corp.
The corporation was initially incorporated as New Millennium Capital Corp.August 8th, 2003. June 8th On, 2011, with the acceptance of shareholders, the business’s name was officially transformed to New Millennium Iron Corp. 23.0 million. That’s Tata Steel of India. Tata Steel has “captured” mines in India because of its operations there, but found itself without captured mines because of its European functions.
In an attempt to improve this strategically, Tata made a decision to get involved in the Labrador Trough. Geographically, Labrador is significantly closer to Europe than Brazil – an export head in fresh iron ore. Tata required an ownership position in tiny New Millenium, and directorships on its Board. In an identical play, there is certainly Century Iron Mines Corp (CIMC) – read China.
The result is an outrageous wild West atmosphere. The sort or kind of atmosphere that surrounded the great rush to riches of the Gold Hurry times. This time though it’s about the big boys. This right time it is country to country. Corporation or corporation. Sure there are some want to be sprinkled set for good measure, and they will get a little sprinkle surely.
Even Danny Williams and his inside folks have managed in some way to work their way into the action, but make no mistake, they may be tiny little seafood in an exceedingly large bowl going swimming with giants. The true action here’s control of Labrador’s resources from uranium to iron ore, and everywhere in between. Will the North Americans come out at the top? Will China and/or India rule your day? At this time it’s hard to state. In the end they are like Generals on the battlefield – battlefield Labrador.
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Note: A poor percentage portends cloudy skies. However, results can be distorted by manipulated maintained earnings (earned surplus) data. How effective are your business’s assets? Asset values come from gaining power. Therefore, whether or not liabilities exceed the true value of assets (insolvency) depends upon earnings generated. Note: Maximizing rate of comeback on assets will not mean the same as maximizing the return on equity. Different examples of leverage influence these separate conclusions. This percentage, which uncovers management’s ability to operate in competitive situations without excluding intangible assets, is inconclusive if researched alone.
But when viewed alongside Working Capital to Total Assets, Retained Earnings to Total Assets, and EBIT to Total Assets, it can verify whether your business is in imminent danger. Note: A result of 200 percent is more reassuring than one of 100 percent. This proportion teaches you by how much your business’s property can drop in value before it becomes insolvent. Note: Those businesses with ratios above 200 percent are safest.
Since debt will not materialize as a liquidity problem until its due date, the closer to maturity, the higher liquidity should be. Other ratios useful in predicting insolvency include Total Debt to Total Assets (see “Leverage Ratios” below) and Current Ratio (see “Liquidity Ratios”). Note: Because there are numerous accounting techniques of identifying depreciation, use this ratio for evaluating your own company rather than to compare it to other companies. This ratio establishes the amount of protection associated with brief- and long-term debt. More online working capital protects short-term creditors.
Note: A high percentage (significantly above completely) implies that if liquidation losses on current assets are not extreme, long-range debtors can be paid completely out of working capital. Relative financial power and long-run liquidity are approximated with this computation. Low percentage factors to trouble, while a higher ratio suggests you will have less difficulty achieving fixed interest charges and maturing debt obligations.