Labrador Iron Mines Holdings Ltd (LBRMF)

[Lonewolf6]

Yes Skynet, that would be nice but remember the share prices you remember were based upon a different capitalization of the company.
For instance in the years the mine was operational and shipping ore to China(2011-2013) the outstanding shares were:
2011 43.7 million
2012 53.8 million
2013 83.4 million

Upon the restructuring, additional shares were necessary to take out the creditors under the insolvency agreement that has led us to the current structure where LBRMF holds 52% of LIM with the other 48% held by shareholders who were former creditors and which leads us to today's outstanding shares of 162.3 million.

After the amalgamation there will be 300 million shares outstanding.

So the future earnings will be spread over a larger number of shareholders representing a lower EPS.

I would be happy to have the earnings and share price as outlined in my earlier email.

Love your optimism and would like for that to happen but the reality to me is as I have outlined.

Just my thoughts.