Labrador Iron Mines Holdings Ltd (LBRMF)

[highjumper]

I agree that the updates are a good sign, and don't forget the obvious road and land clearing at the rail tracks per Google Earth. Let's see that small bridge pop up now. There are positive signs, but communication is the lacking key, and it is deeply offensive to give your money (a substantial investment) to somebody and they go completely silent.

The only funding that doesn't seem to be lacking, is tax payer funding for destroying peoples lives and their homes. I'm VERY sure a BlackRock etc could pocket change fund this project. The money is certainly out there.

[Skynet11]

Yep. Sleepy Joe promised a return to normalcy financially and politically and it seems like the world is a breath away from going to Hell in a handbasket thanks to his leadership (or lack thereof). It's now starting to raise its ugly head in the stock market.

[Skynet11]

I went on the website today and looked at every link, etc. Everything has been updated and they're functioning. They did say that 'upon financing' several times in relation to the Houston project. I'd be worried if they were late on financials, 8K reporting, etc but they never are and they are incurring administrative expenses. Basically opportunities for funding suck right now.

[highjumper]

Yep, the jump was after the PEA... three years ago. With the economic environment looking more and more like continued inflation (how can it not be without a financial system collapse?), one would assume that securing financing asap is the way to go. Basically secure the loans and pay them off as inflation continues upward. There is simply too much outstanding debt around the globe, and deflationary periods are going to wreck the holders of these debts (banks)... so a return to QE policies is the only way to go. Similar to what Japan has done for decades.

When Biden came out and talked about raising capital gains taxes on those making over a million/year and/or 500k in stock investments, I laughed. That's gonna be the norm at some point, as money 'printing' continues and wages have to keep up.

The other issue is WW3. That is the way the bankers/politicians escape the coming debt-ridden financial collapse. Their insider ways will see them scurry off to their safe havens, while the common people get wrecked. Yes, that's real doom and gloom stuff... and it's not sounding so crazy anymore.

[RainMaker2213]

Completely agree with your comments 100%, Skynet! Let’s go!!!

[makinezmoney]

$LBRMF : Stupid question……

Is Kearney still alive ?

I mean, is someone else in charge now cause he hasn’t delivered on anything in 5yrs now.

Kearney if you’re out there…. Drop a line here on this board.

Otherwise need to get a hold of someone at Gerald Group

[Skynet11]

Yep. Once LBRMF confirms financing to get Houston going, this thing will go over $1-3/pps literally in a matter of days upon the announcement. I remember when it went from a 0.09 to 0.45 within a week's time when there was word we might have secured financing a few years ago. Kearney: Git er done!

[makinezmoney]

$LBRMF : We should be $5 share

Sharrrrpppppp increases in spot price

China's Dalian Commodity Exchange announced it will impose trading limits on some #ironore futures contracts starting the evening session of Apr 25. This measure aims to curb speculative trading following recent sharp price increases in iron ore futures.https://t.co/vIl6ySZlaT pic.twitter.com/Gj0i3xYQRm

— Mysteel (@MysteelGlobal) April 25, 2024

GO $LBRMF

[Skynet11]

A good leader would tell your investors the status, whether good or bad. If we're in a holding pattern because the financial terms of financing are just to high, etc. I can live with that as opposed to hearing nothing. Obviously they're willing to pump money in to run the skeleton day to day operation from a financial and business standpoint. Still, the silence is deafening. It also doesn't help that inflation is still out of control here in the U.S. as the interest rates cascade to other world lending markets too. Like I said, if Biden wins, I'm not optimistic of things moving forward for the next 4 years after 2024. Still holding my 7 figure share position but it is frustrating. With hostilities increasing with China, the Western world is going to need Canadian iron/ steel, especially if we get into WWIII with the Chicoms, Russians and Iranian mullahs.

[PureZoob]

Poor leadership is the Achilles heal of this company

[RainMaker2213]

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

[Super Dan]

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 !?&$#@!

[RainMaker2213]

Unbelievable business model if we could get back to production!

[makinezmoney]

$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

[RainMaker2213]

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

[highjumper]

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

[RainMaker2213]

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

[IB_]

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

LoL LoL

IB_🤴🏻

[RainMaker2213]

Hope you are exactly right, Skynet!

[highjumper]

LOL... Kearney playing us

[Shadar]

Click here for Dollar/Carrot

[highjumper]

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...

[Skynet11]

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.

[RainMaker2213]

Amen and Agreed!

[PureZoob]

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

[RainMaker2213]

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

[PureZoob]

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

[RainMaker2213]

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

That is Labrador Iron Ore Royalty Corp.

[jinvestor2]

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!

[RainMaker2213]

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.

[IB_]

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_🤴🏻

[Skynet11]

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

[PureZoob]

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

[RainMaker2213]

Here Here, Skynet!

[Skynet11]

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!

[RainMaker2213]

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! 🙏

[Skynet11]

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.

[RainMaker2213]

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

[Shadar]

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?

[Skynet11]

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!

[highjumper]

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

[RainMaker2213]

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

[Skynet11]

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...

[RainMaker2213]

Hope you are exactly right, LoneWolf.

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

[Lonewolf6]

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.

[RainMaker2213]

Looks much better!

[Mv1717]

Website looks new and improved....right?

[Super Dan]

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

[Skynet11]

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.

[Shadar]

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