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Labrador Iron Ore Royalty Corp T.LIF

Alternate Symbol(s):  LIFZF

Labrador Iron Ore Royalty Corporation is a Canada-based investment company. The Company holds interests in the Iron Ore Company of Canada (IOC), which is a North American producer and exporter of iron ore pellets and high-grade concentrate. The Company, through its wholly owned subsidiary, Hollinger Hanna Limited (Hollinger-Hanna), holds an approximately 15.10% equity interest in IOC. It holds an approximately 15.10% equity interest in IOC and receives approximately 7% gross overriding royalty and a 10% per ton commission on all iron ore products produced, sold, and shipped by IOC. IOC operates mine, concentrator and pellet plant at Labrador City, Newfoundland, and Labrador. The IOC mines and produces iron ore pellets and concentrates at its facilities in Labrador City, Newfoundland, and Labrador. The Company holds mining leases and mining licenses covering approximately 18,200 hectares of land near Labrador City.


TSX:LIF - Post by User

Post by Dadsaid2on Sep 29, 2021 10:04am
317 Views
Post# 33936252

BNN bad info

BNN bad infoThe jerks on BNN once again give bad info. They report LIF as biggest loser yesterday 8.8% followed by how iron ore prices dropping this year. They fail to point out or even realize over 5% of drop was the 2.10 div. (ex div date). We know what current iron ore prices are doing. Point is the way they reported it was a double negative on iron ore companies like LIF. I've seen these jerks do it before most recently with lumber back in May/June when lumber was falling hard. Terrible reporting from time to time. They (BNN) seem not even to realize they influence people and bad reports like today on LIF can have effects on the share price. Shame on them. Sent your complaints into BNN. GLTA
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