18 February 2011 – interim management statement

The group’s major activity derives from its 41% share of Toronto-listed Labrador Iron Mines Holdings which is developing 20 iron ore deposits in Canada.  The group has reported that steady progress is being made with commercial production still on track to commence in April.  This is a re-assuring statement and although the shares have moved up from the 48.75p level when we tipped them in December. it is likely that continued positive newsflow will keep up the price moving higher.  KEEP BUYING.