Yes, there appears to be an strong correlation between AYM share price performance and TSX:LIM, although at 15% interest in LIM, AYM are hardly over exposed. Every project on the AYM book seems to be completely discounted from the SP right now and I'm confident that as we approach May 2015, we will see intrinsic value realised. GLA
2014 is planned to be a development year for LIM, focusing on developing the Houston Mine and, subject to completion of financing and negotiation of major contracts, LIM plans to be in a position to begin mining production from Houston in 2015.
Labrador Iron Mines (LIM) slumped another 12.5% on Friday to 0.035 Canadian Dollars. It is at its all time low and looks like it will collapse any day now. LIM is 14% owned by AYM and the share value used to prop up AYM but not anymore. Can see AYM share price dropping to about 1pence very quickly. Looks like people are starting to off load this afternoon. Dont think any reports can save AYM now.
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