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Labrador Iron Mines Holdings Ltd LBRMF

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

Comment by quinlashon Jan 11, 2021 12:04pm
211 Views
Post# 32267365

RE:Friday Sell off a sham

RE:Friday Sell off a shamIt was not long ago that you could pick up these shares for less than a few cents.  Last week the price jumped to .95.  It's hard to blame investors for selling off some (or all) of their positions on the gains they seen for such a short period of time.  In all reality, many could have sold off enough shares to take out their initial investment plus a double / triple etc and still be sitting on a nice chunk of shares for free that they can hold for a much longer time with zero stress.

I pulled the cash, plus a double from my last buy and still have shares left from that one.  Sadly it was not remotely near the highs of last week but that's trading, you take your chances and trade your strategy.  The shares I have left now are likely in for the next year to 3 years.

All the best

Q

monstapeake wrote: What a manipulation the trading last week i.e. enough to make you vomit.  Disgusting what market makers will do to long shareholders.  gl, mpke


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