Labrador Iron Mines Holdings Ltd (CE) (LBRMF) News

That’s a coin toss question….I don’t trust the ceo and board of this company. They haven’t done a damn thing for shareholders in a very long time and should be ashamed of their efforts

Do we think it's them failing us and being lazy or just scamming us?

These old mining CEO’s and their trashy habits need to leave the business & let some young blood move the needle. Sick of these old dunskies and their laziness

I guess everyone thinks like this 

I agree !!!!!!!!!!!!!

IB_🤴

AYM board calling it all a con job. The share price is sinking right through the floor.

You need to sell the Houston asset and get me my money back, Kearney the Clown.

Disastrous leadership who absolutely fails every time when it comes to communicating with shareholders. Publicly traded companies usually do, this CEO is absent

Exactly. The financial reports are our only indication that Labrador even has a pulse. Very frustrating.

Hopefully they will report quarterly earnings this month as they are due. This has been the only means of communication from the company as of late.

Is there a way we can get info's from this company like is the CEO still alive or what is going on .I am with Cir since 2012 and this is the best time now for this cie and nothing nothing is going on?

He’s wasted ALOT of shareholder time with his inability as ceo to deliver value

He needs to sell it immediately and stop screwing his investors. Ride off into the sunset, John.

Now that Trump has won hopefully the capital climate will improve and Kearney can secure financing to get moving

The fact that he keeps using his own money to cashflow the company has to be for a good reason.

With the company cutting off all communication to shareholders except for mandatory quarterly earnings, this is the point that I keep telling myself that Houston could happen.

I agree Dan. Why would he keep spending $$ just for something NOT to happen? He must think something will in time. $$ isn't infinite!

From what I remember best announcement from Kearny were done near the end of November let's cross our fingers Houston resumes.
Otherwise I do not see Kearny spoiling more money just to keep some hope of resuming.

The volume of trading LBRMF in those days (2011-2012) was about 1500 on average. Just saying.

That's why I've invested in this significantly. It's not your typical EM/Pink Stock. It actually has a product to sell/ produce and the company was operational and making a profit before. It's small potatoes compared to Rio Tinto, etc. but nonetheless it has done this before!! Come on Kearney! Secure funding and start digging!!!

Amen to all of the above, Skynet!

This stock does have a positive history dating back to 2012 and before when they were mining ranging from a few $ per share to almost $12 per share at its height. If it can just get off the ground and starting digging, this thing comes of EM and to a big board for actual trading.

At least not being able to buy it has prevented us from wasting more money....

Some on the AYM board are saying the same type of things as this board... sale of the Grangesberg asset because NOTHING is happening and their shares are dropping. Same pattern. This is an incredibly elaborate scam, and somebody needs to get to the bottom of it very soon.

Lol, maybe he’s asleep at the wheel here… Fresh leadership to create shareholder value is very much needed.. Gotta get Houston rolling and he’s not the guy doing that.

So tired of the price whiplash :( Come on Kearney! Bring us current!

Join The Movement !!!!!!!!!!!!!!!!!!!!!!

IB_🤴

Who will shake the clown ass?

Hope so! Still doesn’t get us a much needed replacement at ceo. This clown needs to retire

Me too, Skynet!

I think things will take off even more upon changing a new administration in the U.S. If Trump is elected I think the market will react positively. Even though the market has been 'up', I just feel in a way it's been stagnant, like it's not running on all cylinders due to inflation, energy, etc. I'm hoping that drops in interest rates will spark interest in financing, especially the Houston Project. We'll see. I've been hoping and praying.

What on earth are you talking about?! The market has been HOT for a year now.. small caps perhaps in this sector and the lithium stocks are down (so perhaps that’s what you mean?). LBRMF is shamefully down because of poor corporate governance, simple as that

has anyone noticed the whole stock market is so stagnant and seems like it is on the verge of collapsing, and is hanging on to a thread, or is it just me?

I never claimed to be a CEO or have those abilities. But I know what GOOD looks like and this ain’t it buddy!!!!!!! Kearney is weak

maybe you should run it since you seem to know whats best.... better then people who have done it their whole lives, for multiple companies, and made real money.

So scam?

I’m yet to find a Canadian mining sector CEO worth their salt! Most of these guys are either shady or incompetent

Yikes!!!

I sent a letter to Kearney voicing shareholder displeasure with his actions as ceo. No reply of course, typical absentee landlord mentality. Definitely not a LEADER

I just looked up the symbols for all the Companies listed, and not one of them, other than Anglesey Mining, has a share price over $.10. Most of them are not over $.02.

Crazy!

Hi Rain,
Nope, no response which is typical for lazy mgmt. We deserve better my friend!

Zoob, did you ever receive a call or a letter in response to the letter you sent to their office?

Proof is in the pudding. Look at the share price.. no shareholder value under his leadership and that means he should be replaced Imo. Get a ceo who cares and can deliver value

I want to know more about this stuff... https://ibb.co/chDGspt Apparently, Mr Bowden collected a lot of information about the companies that Kearney has been involved in.

Again, as I stated previously, there are similar patterns in these allegations and what we've seen.

To note, Gordon Bowden passed away a few years ago. Also, Mr Varma and another LIM employee have passed in the last couple of years. Not making a connection, just saying.

Previous info regarding M.Kearney vs Anglesey

(Posted on 29 October 2023)

Anglesey shareholders oust chairman John Kearney

Anglesey Mining plc shareholders voted against re-electing chairman and director John Kearney after his nearly 30 years’ service with the group.
Support: highly significant contribution during his tenure as chair (Pixabay)

At the company’s general meeting on 27 October, the resolution to re-appoint him received 93,533,645 votes in favour, 103,058,404 against with 256,302 withheld.
Non-executive director Andrew King will act as interim chairman while a formal process begins to appoint a permanent successor.
Finance director Danesh Varma said: “On behalf of the board and colleagues at Anglesey Mining, I would like to thank John for his highly significant contribution to Anglesey Mining during his tenure as chair and for his support to me personally.
“John has played an instrumental role in the life of the group over the past 29 years and will be sorely missed.”

Mr Kearney is chairman of the company’s investee (12%) Labrador Iron Mines Holdings Ltd, Canada and a director of joint venture partner Grangesberg Iron AB in Sweden.

The problem with M. Kearney is not that he is not qualified enough. Look at the info below regarding is experience in the mining sector.The problem is he is getting too old...How old is he? 75?

From Wall Street Journal

John Francis Kearney
Chairman & Chief Executive Officer, Labrador Iron Mines Holdings Ltd.
John Francis Kearney is a Canadian businessperson who founded Labrador Iron Mines Holdings Ltd. and who has been at the helm of 16 different companies. Mr. Kearney occupies the position of Chairman for Conquest Resources Ltd., Chairman & Chief Executive Officer at Labrador Iron Mines Holdings Ltd., Chairman at Royalties, Inc., Chairman for Canadian Manganese Co., Inc., Chairman at Minco Exploration Plc, Executive Chairman & Chief Executive Officer of Minco Plc and Chairman & Chief Executive Officer at Buchans Resources Ltd. Mr. Kearney is also Member of The Canadian Institute of Mining, Metallurgy & Petroleum, Member of Prospectors & Developers Association of Canada and Member of Law Society of Ireland and on the board of 9 other companies.
In the past John Francis Kearney held the position of Chairman, President & Chief Executive Officer of Campbell Resources, Inc., Chairman & Chief Executive Officer for ZincX Resources Corp., Chairman of Anglesey Mining Plc, Chairman, President & Chief Executive Officer for Northgate Minerals Corp., Chairman of NorZinc Ltd., Chairman, President & Chief Executive Officer of MetalQuest Minerals, Inc., Chairman, President & Chief Executive Officer of Sonora Gold & Silver Corp. and President & Chief Executive Officer for Sulliden Gold Corp. Ltd.
John Francis Kearney received an MBA from Trinity College Dublin and a graduate degree and an undergraduate degree from University College Dublin.

China has so much scrap…. Built all those buildings and now tearing them down, properties in shambles.

No worries….. time to l8mit China 🇨🇳 anyways

With tax on iron and aluminum of 25% China will not buy iron ore from Canada anymore bye bye Houston

Is Kearney currently seeing production at any of his company's, at all? Or, is it all 'exploring' in various contexts?

My hope is that they are trying to finish the Amalgamation of the 2 companies and are hoping for either uplist to better exchange or sell to one of the other iron ore companies near Schefferville. There has been no news of Dissenting votes. Kearney keeps covering costs. I would think he would not due if he did not see this going forward. I still hold out hope as interest rates begin to move down and we are in a area with little political fear.

LIM has two large shareholders which together control over 80% of LIM; there is no market or liquidity in the shares of LIM; LIMH holds 52% of LIM and has no direct interest in the Houston Project. Recommendations of LIM Management
LIM Management believes that combining the shareholdings of LIMH and LIM, into a single publicly traded
company, will simplify the corporate structure, improve liquidity and market capitalisation, enhance
financing flexibility for the development and construction of the Houston Project, and create the best
prospects long-term value for LIM Shareholders.
The number of LIMH Shares to be issued in exchange for the LIM Shares pursuant to the Amalgamation,
is calculated to equate to the relative percentage interest of each company in the underlying assets. That
is, the shareholders of LIM, other than LIMH, will continue to hold, indirectly, the same percentage
interest in the assets of LIM upon completion of the Amalgamation as they hold, directly, before the
Amalgamation. In addition, LIM Shareholders will hold their shares in, and have exposure to, a publicly
traded company.