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Labrador Iron Mines Holdings Ltd LBRMF

Steel Steel
Labrador Iron Mines Holdings Limited, through its subsidiaries, 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 regions in the world. The Company’s focus is planning and financing activities related to advancing the Houston Project, its flagship property. The Houston Project is an open pit direct shipping iron ore project located near the town of Schefferville. It holds approximately 50 million tons in historical direct shipping iron ore resources in various deposits. It also holds the Elizabeth Taconite Project, which has an Inferred mineral resource estimate. Its Schefferville Area Projects include James Deposit, Redmond Mine, Knob Lake Deposit, Houston & Malcolm, Sawyer Lake Deposit, Astray Lake Deposit and Kivivic No. 1 & 2 Deposits.


GREY:LBRMF - Post by User

Labrador Iron Mines Holdings Ltd > nasty tree shaking today
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Comment by quinlashon Jan 06, 2021 11:07am
265 Views
Post# 32232876

RE:RE:RE:nasty tree shaking today

RE:RE:RE:nasty tree shaking todayIf 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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