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Bullboard - Stock Discussion Forum 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... see more

TSX:LIF - Post Discussion

Labrador Iron Ore Royalty Corp > Sold this morning :(
View:
Post by FartMachine on Nov 02, 2021 11:28am

Sold this morning :(

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.
Comment by JayBanks on Nov 02, 2021 3:51pm
  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 ...more  
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