Labrador Iron Mines Holdings Ltd LBRMF

Steel Steel

Labrador Iron Mines Holdings Limited is a Canada-based company. The Company, through its subsidiaries Labrador Iron Mines Limited (LIM) and Schefferville Mines Inc. (SMI), is engaged in the exploration and development of iron ore projects, situated in the Menihek area of western Newfoundland and Labrador and northeastern Quebec, near the town of Schefferville, in the central part of the Labrador Trough region of eastern Canada, an iron ore producing region. The Company is focused on planning and financing activities related to advancing the Houston Project, LIM’s flagship property. The Houston Project offers low technical risk, with only building a short gravel road and rail siding as the principal construction components. The Houston Project’s deposits 1 and 2 have undergone regulatory review and approval. The projects are ready for construction with a one-year construction period to production.

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Labrador Iron Mines Holdings Ltd > nasty tree shaking today

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Comment by quinlashon Jan 06, 2021 11:07am

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Post# 32232876

RE:RE:RE:nasty tree shaking today

If you watch the bid/ask on this one you can see the lots are small, anyone wanting to buy volume have little choice but to pay over the current shareprice to pick up the shares, same on the sell side, anyone looking to exit with volume have little choice but to take lower prices to sell larger chunks of shares.

We are likely going to see big swings for a bit until something more for news is released from the company regarding progress.

JMHO

Q

frewil11 wrote: The company did say they should have the PEA out by the end of 2020 , so until something happens this might be range bound or as time goes on slowly go down , but these time lines never hold true with these plays . GL

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