RE:RE:RE:Iberian looks great........BUTI was contacted by a fellow IML shareholder advising me to view the last few days posts on this Bullboard. My first thought was that this was just a belated April fools prank. When I saw the post from smallcapstocker, a long time supporter on this forum, I took this very seriously. I have never posted on this forum, this will be my exception. My own due diligence into the matter has substantiated all of these facts. When I Googled Labrador Iron Mines, I saw that their press release regarding LIM's financial implosion was picked up by all of the major publications, creating negative articles throughout the world, not just a few paid mining journals. Mr. Hooley's close association to LIM is indeed a black eye for IML, not to mention his leadership of Angelsey Mining.
I learned that Fox-Davies, the UK broker, is now no longer even in existence. So much for IML's close association with this UK broker and the new IML chairman Morely-Kirk. Does IML still intend to list on AIM? If it does, I would strongly suggest IML incorporate some better representation both internally and externally. Viewing the poor performance on all three AIM indexes does not give me any confidence that IML should continue with their efforts. So, two new board members were brought on to assist IML in: A) an AIM listing that will never be and B) expertise in building an iron ore mine . I echo the others sentiments, why are they still on the board?
IML listed on the US OTCQB exchange last fall and shortly thereafter appointed a New York lawyer - David Cohen to its board. Has he assisted the company?
I know at least 7 other IML shareholders, who have large positions in the company like myself. I doubt they will take this lightly. The company has too much going for it currently to have this negative distraction. IML needs to learn by success, not by failure. I will be contacting IML management next week.