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Labrador Iron Ore Royalty Corp T.LIF

Alternate Symbol(s):  LIFZF

Steel Steel
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

Labrador Iron Ore Royalty Corp > Sold this morning :(
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Comment by JayBankson Nov 02, 2021 3:51pm
226 Views
Post# 34078954

RE:Sold this morning :(

RE:Sold this morning :(

FartMachine wrote: Sold about 90% of my LIF.TO this morning based on the below article from a commodities journalist who predicts the price of iron ore could test $0.  He called the price of oil going negative and says there's a lot of similarities with the iron ore markets right now. 

https://www.macrobusiness.com.au/2021/11/iron-ore-price-heads-for-zero-may-go-negative/
 

Happy to buy back in in the future.  

 

Obviously as a non subscriber I could only read a couple lines, but when it starts:

"The ferrous complex was flushed away on November 11, 2021 as spot, paper and steel all crashed. There was a little repair for futures overnight"

I'm already done reading and caring about this article. It might have some good info afterwards but that start killed my interest and makes me question credibility on a few things...

A) that date hasn't happened
B) if this is an attempt at foreshadowing with a story I don't wanna hear a future story in stock analysis
 

Give a history or prediction and attach facts, not a possibly fantasy plausible fantasy... 


I was actually interested in your selling reasoning and the possible negative price call before I clicked that link...
 

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