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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 Mrtkr1on Apr 05, 2022 9:12pm
255 Views
Post# 34578881

RE:Don't fully understand SP drop.

RE:Don't fully understand SP drop.Shorts are definitely targeting LIF. It would take approximately 4 days to cover the short position. In comparison, it would only take 1 day to cover CIA shorts. The dividend decrease is honestly meaningless as other posts gave clearly outlined that Q1 dividends are generally lower. So why are shorts going after LIF? I think it's a simple matter of psychology. Dividend collectors see decrease in dividends as a 911 to exit. Most don't understand that LIF is a royalty play and not a miner. My personal opinion on this is to take advantage. Add to my position every 100 shares per every $1 drop in the sp. I get it's hard to do this if your short on capital so the alternative is to close your eyes to the temporary fluctuations. After all LIF pays for your time.
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