Labrador Iron Mines Holdings Ltd (PK) (LBRMF) Quote

Poor leadership is the Achilles heal of this company

https://www.cnbc.com/amp/2024/04/23/despite-earnings-miss-nucor-ceo-is-confident-this-year-will-be-a-success.html

Where is Kearny ? Nobody can wake him up? Why is he at the head if nothing is going on? Spoil money? It has been so long this wait since 2012 I invested a lot of money !?&$#@!

Unbelievable business model if we could get back to production!

$LBRMF: Spot Iron prices keep rising

China could inhale this company without batting an eye.


⚡Chinese #IronOre open up 3.2% on Thursday, returning to the highest since February. #Steel rebars are up 1.2%.
Shanghai #Gold drops 0.9%. #Nickel +1.4%, #tin +1.2%, #zinc +1%, #copper +0.76%, #aluminum +0.3%.
INE crude oil drops 2.86% to 644 yuan per barrel, the most decline… pic.twitter.com/5trusZZ8Aj— CN Wire (@Sino_Market) April 18, 2024

I honestly have no idea, just wanted to share a story I saw this week on our favorite topic…..iron ore and steel!

Are those part of the Trump tariff's that Biden did away with when he took office? Flip flop.

Biden takes action against China’s unfair practices to protect US steel and shipbuilding industries

https://www.foxbusiness.com/politics/biden-takes-action-chinas-unfair-practices-protect-us-steel-shipbuilding-industries

And the wait will be indefinite !!!!!!!!!!!!!!!!!!!!!!!

LoL LoL

IB_🤴🏻

Hope you are exactly right, Skynet!

LOL... Kearney playing us

Click here for Dollar/Carrot

The carrot is called is 'hope' and it always seems to stay the same distance in front of us, no matter how hard we try to grab it...

I have a feeling we're going to hear something by the end of year. Just a gut feeling. I hope I'm right lol.

Amen and Agreed!

Hope you’re right Rainmaker!!! Let’s pray it rains dollars for shareholders this year! We’ve waited a very long time …

I hope things have become really quiet because they’re working on something BIG, Zoob! 🙏

Perhaps shareholders should protest outside of their corporate office! Let them know how unacceptable their results have been! Wow, very poor.

https://labradorironore.com/company/company-profile/

That is Labrador Iron Ore Royalty Corp.

what is the difference between LBRMF and LIF? same company it seems. and it seems LIF stock price does well but LBRMF never get's the love. will LBRMF every become more valuable or will this company success always add to LIF's value? thx!

https://www.indexmundi.com/commodities/?commodity=iron-ore

Strong prices holding up. Based on the PEA, would be a rock solid business if we were producing product today. Hopefully the company will make it happen, for us all.

Ya can't put your money in companies that you know nothing about and expect to prosper .......................

Might as well go to the casino, Angie

IB_🤴🏻

If the Feds start lowering interest rates that might bode well for financing :) Fingers crossed for late 2024.

Are we still sub .10 usd?! C’mon now, the wait here has been quite ridiculous and unnecessary. They really need to get their act together, give shareholders some value for once

Here Here, Skynet!

I remember when that happened! It got up to about 0.40-0.45 pps! As we can all see on the aerial photos, the roads have been cut, gravel laid to the rail line. Hopefully our patience will be rewarded in before the end of 2024!

LOL Skynet!

I do believe that once a strategic investment partner is announced (which will fund the feasibility study) that the stock will start to rise again.

In July of ‘22, the stock popped on the day they announced that Scully Royalty was an investment partner allowing LBRMF to begin to move back to production.

If an investment partner is announced and they start to cut roads, develop the property, rail needed to port, etc, I think the stock could continue to rise strongly all the way until they’re actually mining again. Just on sheer optimism and buying cheap to get a seat on the jet before it takes flight.

Hope it works out, for all of us! 🙏

Like rain said, it's going to be a process once the financial feasibility study-analysis is completed. What will hurt/kill this thing is if interest rates don't come down. In reading the update, they're exploring options on all fronts. Again, nothing shocking or new but just glad they documented what we've been thinking all along in the financial update. This thing is still alive, perhaps not on life support but it's in a comatose state. A confirmed financial backer/financing will be like an adrenaline shot to the heart (think Pulp Fiction). I'd like to see this thing spring back to life like Uma Thurman after she flatlined OD'ing on coke.

It will take a year to prepare and build infrastructure once they have a strategic investment partner identified/announced.

I read through it very quickly and will read it more thoroughly later.
Am I reading this right and understanding between the lines that while there is a chance, most likely it's not going to open any time soon and the investors are basically screwed?

Yep. I think we all suspected that's where it was at. In the last few years with climbing interest rates and less capital out there for those to invest in this doesn't surprise me at all. Again there's optimism in the document but reality also. They had to lay it out on the table. At least there's an official document explaining that much and with an updated website. There's a chance but there's also not a chance lol. Praying they secure funding in 2024 sometime to start mining!

The next carrot is the "PFA". Sorry, but that's reality.

https://www.labradorironmines.ca//pdf/LIMH%20MDA%20-%2031-Dec-2023%20-%20Final.pdf

Yes! Glad to see it's finally out of the 'staging' phase. Site looks very similar from the past but with more updates and a few more landing pages. You're right. They wouldn't spend the time or $ to do this if things weren't still moving albeit slowly. I'm still holding long...

Hope you are exactly right, LoneWolf.

Hoping to see things start to come together (strategic partners, amalgamation, financing) soon.

The fact that the company has spent the money to update the website indicates to me that the intention to get operational is very real.
And I anticipate that Kearney will continue to advance his own funds to keep the company solvent.

Just my thoughts.

Looks much better!

Website looks new and improved....right?

The interest in the past was very low ,lower than then it will ever get for the next 10 years and nothing happened , the real problem is management sleeping

Me too. I'm in a similar boat. I'm about 46% off of my original investment and am in the 7 figure range share wise. I'm holding long though. When you look at the ticker, there's not a lot going on until they 'dig'. Once they do though, it will be well worth it...history shows. I'm a lot younger than Kearney so I know he has to want this too. We can all speculate what may be holding it up but at least he can give some info, good or bad (like waiting another year or two). Still personally I don't think anything's going to happen until near the end of 2024 and as interest rates start to come down.

I don't know about Spiderman, but I can tell you I'm down almost 30K on this one.

How much have you lost in this one Spider Man ?????????????????

LoL LoL,

IB_

Could not agree more on that comment. Seem to stay completely quiet until a deal is inked. Once that happens, it should be an amazing ride for all of us!

All they would have to do is announce they are moving forward and making some kind of progress, and it would make a jump...... crickets....

3 years since PEA and down over 10x from pumped up highs...

Have a great day.

Problem is we have a very lazy ceo who doesn’t give a damn about shareholder value.. it’s quite sad

The administrative costs are miniscule which I guess is good but it also tells you that not a lot is going on. Still, their financials are always pretty much on time which in OTC world is the most you can hope for. They just have to start digging.

Someone knows if Kearny as seen his shadow?

We’ve been hearing about this amalgamation for over a year now. Yet, Mgmt has yet to finalize anything. Very discouraging for shareholders. Add in Houston silence and you have a sloppy mess of nothing going on right now

Thank you…..looks like they’re still working to bring Houston to fruition.