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IBERIAN MINERALS LTD V.IML

"Iberian Minerals Ltd is engaged in the exploration and development of mineral resource properties."


TSXV:IML - Post by User

Post by Canadudeon Apr 04, 2015 2:28pm
258 Views
Post# 23597129

Iberian looks great........BUT

Iberian looks great........BUTLabrador Mines Seeks Credit Protection - https://www.bloomberg.com/article/2015-04-02/aOtx91Io3Rdc.html

Bill Hooley, was appointed to Iberian's board last summer as an authority on iron ore mine development is the former president, COO and current vice-chairman of Labrador Iron Mines TSX:LIM, which has recently been delisted and now bankrupt!

How can someone provide any constructive guidance if he shipwrecks his own company?

Shareholders of LIM have been quite active on the Bullboard voicing their rightful disgust on the situation.
".........the securities board has given permission for the stockholders of LIM to dispense with management in a humane manner incorporating traditional means,  including rope and tree, on site of the company's proposed projects in northern Labrador." 

The old saying "Those that can, do; those who can't, teach (or in this case become board members)

Iberian has a great chance to succeed now given its financial situation. It now needs a board who can deliver the goods.


 
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