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Re: jman2599 post# 2295

Wednesday, 02/19/2020 7:26:33 PM

Wednesday, February 19, 2020 7:26:33 PM

Post# of 7846
thanks for asking yet I'm not much for looking at the virus outbreak as a detrimental block here but let me share some thoughts.
Tata Steel had recently been outbid for an India based company, out bid by JSW Steel located in Texas. With that, it shows Tata's expansion seeking is as real as it gets.
Also many leased projects come to close in March this year. Another aspect to take note of for the iron ore sector:

https://www.business-standard.com/article/companies/tata-steel-jsw-adani-likely-to-bid-for-neelachal-ispat-s-odisha-plant-120012801149_1.html

https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/tata-vedanta-mining-lease-ends-in-march-govt-for-fresh-auctions/articleshow/71133863.cms

As for the virus outbreak, whether it is a form of 'population control' in the sickest sense, it would not bare huge significance in the working class imo. Although it is an enormously sad situation that has the globe fearful, it would not close off the world of basic mineral needs which feeds every sector known to man. China, in January, had a news article stating they want their resources used for domestic businesses within their control. The Chinese regime, under Xi (he will reign until his death which he addressed in their governing ways from the start) has clearly attempted to shut off external needs and the world has witnessed the extensive growth there via the usury of other continents and nations via the infringements of companies that chose to go there for financial reasoning since the 70's-80's. Of course, imo.

Gerald Group is the one that is holding up LBRMF, imo. VALE, Rio Tinto, and Tata Steel all have many job listings for the Labrador Trough area. Take a look, it is reassuring on one sense yet this quiet time, imo, has to have a solid reason unless they are all so inept (doubtful). Hopefully we hear something by the season starting in April.

I gave a slew of opinion in this response, please forgive any harshness that may be interpreted. My political research shows the hard siide of getting 'mining' accepted by 'green focused' organizations via regulations and other environmentally safe platforms, which is great but bureaucracy is time consuming aka 'too many chiefs, not enough indians' lol

Next week should have fins post on Sedar site in Canada for LBRMF. That is the next catalyst, for sure.

Thanks again jman2599