Labrador Iron Ore Royalty Corp T.LIF

IOC (Rio Tinto) large Dividend

[auagntungsten]

I hope this known before the sell off Monday Morning, at least I think that was good news.

[auagntungsten]

https://www.theguardian.com/business/2022/feb/23/rio-tinto-reports-record-profit-and-us168bn-dividend-on-bumper-iron-ore-prices

[RetireAt55]

Hoping that any sell off would be only temporary. I hate to say it in these situations, but this could be a buying opportunity. Cheers GLTA

[Kylemcc10]

Shareholders are pisssssed. I'd be averaging up here so I'm not adding. Hopefully iron keeps performing well and we move on. 

[DaveInvestor59]

Those idiots in Labrador management, what did they think investors would do cutting the dividend of a "royalty" company by more than 50% during an environment such as this where iron ore prices are going up. Whoever made this decision should be terminated. I'd gladly do it since I've lost 20% of my capital today.

[auagntungsten]

You only lose when you sell, I was looking at options, shell shocked so I stopped. the final quarter factored in the fire and covid expences....may have world factors today as well, hoping for next quarter. Big money can move stocks, Bigger money moves markets. I'm in it long term, holding and going to stop looking.... bad, really Bad day.....why waist time at the pool...Having Margaritas at

[Kylemcc10]

Updated $50 target as of 2 hours ago. Take those with a grain of salt of course. Maybe lockdowns in China is a factor here as well.