Labrador Iron Mines Holdings Ltd (LBRMF)

[bobbleheadtwin]

The Wild Card: Gerald Group

Gerald Group (Mining Developments LLC) holds 32,500,000 shares they purchased at a price of $42,000.000 or an average price of $1.29
The Gerald Group is the world’s largest independent and employee-owned metal trading company. They have a 650 million credit facility for trading.

Gerald Group is engaged in the exploration, development, and production of high-grade iron ore concentrate, Marampa Blue™ at Marampa in the Port Loko District, Northern Province of Sierra Leone (Marampa Mines Limited, a subsidiary of Gerald Group)

With an average share price of $1.29 it would be hard not to believe that Gerald Group would not expect to get at least that for their shares, let alone at least a small to large profit on their investment. That is alone what has kept me in LBRMF for the last 2 plus years. But with that being said I wonder why they have not helped move this forward. Is it because of all it took them to move forward the Marampa mine, is there now a conflict of interest with trading others products, have they tried to help move forward with existing management and unable to work with each other. Is that why we were trying to make a deal with Scully, did Gearld not like deal with Scully, was Scully trying to get control of too much.
Just some of my concerns that it would be nice to get a little info to keep interest up for investors. With that said I still am adding a little at a time but will not add to much until some updates. Gearld Group with their connections I thought would have been able to get this mine open and help with trading it's Ore. Finally, the LBRMF web site needs updates management needs to get on that.

https://www.gerald.com/copy-of-na-borrowing-base-20
https://marampamines.com/about-us/