Labrador Iron Mines Holdings Ltd (LBRMF)

[bobbleheadtwin]

I honestly do not know if good or bad for us. My believe is if they move forward with opening we should be ok depending on what your cost average is per share . I used it to determine at what price per share would for Gearld now break even and gauge it to determine minimum share price if he sold out. If my math is correct (would appreciate someone who knows if this correct would confirm this), cost payed, $42,047,065 divided by. 119,626,180 shares = $ .35 per share. So if Gearlds cost average is @ 35 cents per share and it is at 8 cents per share now you have to decide for yourself. I cannot image they want a loss and rather a profit. Also remember they always had shares in both companies and now just the one. Why 38%, might tell you they had influence on moving forward. Also, Anglesey, and board members probably had shares that will convert and may be 5%-11% after, will know after fillings.