Replies to post #6885 on Labrador Iron Mines Holdings Ltd (LBRMF)

[PureZoob]

Problem here is that leadership dropped the ball early on with getting a deal done. They rested on their laurels and figured it wouldn’t be a big deal if they waited things out. Their time table of 18 months scared a lot of investors away. The only hope here is that Kearney pulls a rabbit outta his hat and gets a strong off taker in place.. if not, heading lower … clock is running out imo

[Steve P]

Don't look at the current price because it doesn't make any sense.It will change in a blink of an eye.The ore is there, we have a very strong PEA and guess what ? even now it should be 1.00 to 1.50 CAD. Anglesey is in the same situation, they just started all the preliminaries for Parys Mountain and Grangesberg, which will take many months or more than a year, until being able to dig and their share price is 6.50 CAD.This stock will fly and it will fly much more higher than the 0.95 CAD we had few months ago.It could reach 2.00 to 3.50 CAD as an article in seekingalpha suggested.Again it is not a matter of if , it is a matter of when. Don't allow anyone to mess up with your mind, this stock will give us a lot of money, unless a 3rd ww will happen, but even with a ww iron ore will not loose its value, because it is a much needed commodity. After 3 years waiting in another stock, everyone was complainining, this and that, so much crap,,,etc. I was tired too, but i said , i will wait a few more months, and guess what , my investment of 14.000 became 45.000.Most of the three years i was down, 7 to 8.000 and suddenly KABBOOM.Imagine if i would sell with a 40% loss and after a few months , i would see that i could triple my money

[Shadar]

Yeah, I am in the same position. I am down about $18K at the moment, but I haven't lost optimism. I still think (hope) it is a matter of time.

Just remember: The world’s most successful investor, Warren Buffet, famously said “The stock market is a device for transferring money from the impatient to the patient”

I picked up EGY 2 years ago after researching the companyand doing my DD. I couldn't figure out why the stock wasn't higher (good management team, no debt, etc, etc). I knew it had to go higher eventually. I bought 1500 shares at $1.24 and I had to tell myself over and over.... the stats are good, the company is solid just be patient.. I just sold 1000 shares of it last month at around $8 (over 400% gain) It is back down now to around $6.70 I am still holding about 500 shares and am pretty sure if things keep going the way they are, it will hit $9 or $10 if not higher.

I did the same with NSSC..... I bought it at around $2 in 2014. I held it for 6 years and finally sold it around $22 (over 2000% profit). I should have waited until it hit $25 but I didn't want to be greedy and knew it wouldn't last but didn't know when the drop would start. BTW, it is still around $17, which would be a good profit..

Labradors time will come.....