Labrador Iron Mines Holdings Ltd (LBRMF)

[Steve P]

No worries, Kearny is one of the most experienced in the industry. Almost a year ago they had some "negotiations" with a huge company, to function as an offtaker, my expectations were very high, but eventually didn't work out. Sometimes when you negotiate a deal with big companies, they seem to have the upper hand and they want everything in a big discount. Having already reach a good deal nine years ago, why negotiate now in "not so good "terms. Sometimes is better to work with a medium size company and strike a deal with them which can be more beneficial for the company and for the shareholders.The ore is there, prices will never drop below 100 dollars (even with 90$ we are still very profitable) so there is no riddle to solve, it's like you have money in the safe and you wait until they give you the combination number to open the door.