My only strategy is to buy at sub 3p and wait for the price to increase. A bit short term profit is OK and most goes back into buying more shares. Next tick up will be the long promised report on Parys Mountain and/or news on the new iron ore mine venture. If Iron ore prices increased then LIM may regain some value.
I fully agree with your comments. When the time is right(whenever that may be) the mine will be reopened. It is no use struggling without sufficient funds otherwise that would lead to the downfall of Anglesey Mining.
(a) AYM is grossly undervalued and is due to skyrocket to many times its current price or
(b) AYM has no revenue and therefore its SP will dive do micropence any day now.
There are some impressionable people around here who hang on your every word, so here's your opportunity to have your say. Some might think that your strategy is to (a) Buy cheap from punters you have frightened and (b) sell expensive to those who you inspire.
Seems to me that they go 'baa" and you go "howl", and I like your style: it's a way of making money... or in their case, losing it.
Me, I see a billion quids worth of metal under Parys Mountain, and whether there is a rusty caravan on top or a state-of-the-art pithead is just a question of time.
I am back in. Will keep topping up again. Hopefully should spike again soon. I am now a part owner of some knackered old caravans and heap of scrap metal on Parys Mountain. However, assets (without LIM) are worth about £14 million compare to sub £5 million market capitalisation.
Forgot that there was two caravans. Dear Bill - assuming you are not in either caravan, and considering the state your caravans are in, I would like to offer you a total of £80 for both caravans. If I dont hear from you within 7 days then I will assume you are happy with the offer and will move my family in. Will pay you in B&Q gardening vouchers. You can then get some more shovels and a wheelbarrow to dig/start mining.
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