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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

Comment by Dadsaid2on Dec 29, 2021 8:06am
240 Views
Post# 34266833

RE:Long term holders

RE:Long term holdersIts a 50-50 call right now. If you want the div you have no choice but to buy at $40 today . Will LIF be $39 or higher in Q1 2022...IMO maybe 50-50. China economy and construction are very uncertain and of course the US is dragging their a$$ on build back better. Iron ore demand may stall. I bought twice in q4 at 34.50 & 35 and sold last week at 39.50. Took my $4.75 net. Will look for opportunities again next year but l don't like today's $40 as an entry point...GLTA.
Realmattersbull wrote: Does the SP normally fall after going ex dividend? Seems like last few quarters it hasn't fallen much and in q2 it went up. Thinking about a buy tomorrow. 1.15 divy sounds good while FE is on an uptick. Any thoughts taot


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