Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 ElanS2on May 17, 2015 10:10pm
98 Views
Post# 23737900

Crooks no, greedy yes

Crooks no, greedy yesIn my vocabulary crooks implies breaking the law with evil intent. I am sure that does not apply, however being greedy is another matter. It is legal and in style. Getting a feeling of entitlement also goes with getting too comfortable in a situation and is a common tendency when there is no menace. This board should hold CCs at every quarter and take questions. They definitly seem to be hiding in a comfortable situation. Why does LIORC need a board with 9 members in the first place ?
Cut it to five. Look at the new board members, 2014 and 2015, and it doesn't take much imagination to see they have had this up their sleeves for quite a while. This board needs to feel some heat, they are definitly too comfortable and ambitious in ways which will end up ruining a good situation for common shareholders.

OR's actions have exposed LIORC for what it is: an undervalued investment. LIORC's board is looking for action which inevitably will involve more risk. VOTE NO TO 04 AND 05.
Bullboard Posts