Labrador Iron Mines Holdings Ltd (LBRMF)

[WALL$TREET]

So you wonder if they will finance the project through dilution? No sir. Read carefully. “LIM has not undertaken mining operations since 2013, primarily due to the low iron ore price, but maintains its properties on a stand-by care and maintenance basis.
Subject to securing financing, the Company is positioned to pursue development of its Houston Project and resume mining operations as soon as the iron ore price and economic conditions warrant.”

“Finally, I would like to thank the Board of Directors, who continue to serve without compensation fulfilling their fiduciary responsibilities, and I would also like to acknowledge all our stakeholders and shareholders for their continuing support.”
Link to shareholders meeting notes: http://www.labradorironmines.ca/pdf/LIMHNR24OCT2019-Annual-General-Meeting.pdf


They are self sufficient with the maintenance of their properties, even generating some excess. Also, financing and production $$$ go hand in hand. Get it? This company is a money making machine already primed for production when the ore prices meet their satisfaction as well as those interested in financing the operations.

Don’t forget Brendan Lynch is Chief Financial Officer of the Gerald Group is one of LBRMFs directors. Gerald group just received $300,000,000 syndicated funding with the ability to expand the deal if they so choose. And Brendan Lynch is tied for most votes with Matthew Coone Come. So who do you think the money is going to come from and who will be pulling the trigger to start financing/production? Seems like a no brainer to me.

https://www.prnewswire.com/news-releases/ing-leads-syndicated-financing-of-300-million-for-gerald-group-300933752.html

Also, Gerald Group owns over 32 million shares of LBRMF too at well over $1/sh.

https://twitter.com/joedtrader/status/1187218829685874688?s=21

Funding deal for Gerald closed Oct 4 and LBRMF came off greys last week. You think that was a coincidence?
Long story short, your little 10 cent shares are not needed to fund this project.

$LBRMF 👇

Not any BS OTC stock.

More DD to flow tomorrow and coming days.

Not worried a bit about any pullbacks https://t.co/JChc2DN5A7

— Falc (@Falcon7_Trader) October 21, 2019

As for our retail share prices. Expect them to swing a little with the current ore prices whether that be up or down. But here is an interesting tweet on starting production vs ore prices https://twitter.com/joedtrader/status/1186461553320550401?s=21

Man I’m pumped!

Now let’s get current which means more details too! Also, be ready to jump on that subsidiary ticket when ready! And let’s ship out some iron ore baby, near term!!!

PS. Trinity Resources also has an office room in that same suite but that’s another conversation..,Booyah!