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Free capital, I don't think the rise is unsustainable at all!

AYM is undervalued, we are at a major juncture where they get lined up to actually start on the path to production and there is a commodities supercyle just starting.

non producing Miners typically are worth a tiny fraction of the resourses in the ground, due to the cost of getting to production, but once the path to production becomes clear, so profitable and financed, the value of the miner rises exponentially. With the involvement of Gerald, finance seems assured so the news we are awaiting is key, as everything else falls into place. That is why 4 major brokers (Scotai bank and bank of Canada included) are predicting a 37,000% rise for LIM within 12 months.

So again, undervalued??? No chance, this could be a spectacular rise, there is of course a possibility of a buy out as Boom mentions, or a sale of one of their assets to fund another, so potentially a sale of the 12% of LIM for say $50m to fund Parys. But then you are back at my comment, once a path to production is known the value rises exponentially.

However they slice and dice, the coming PEA's will be key and opens up the potentail of both assets.

One way or another this is due a rerate, with good PEA's our value is many bags more than current. And even a buyout at £100m or so as per Boom, is over 30pps.

No harm in derisking for those that are nervous, but this one has a long way to go.

Even the SB companies are nervous, telephone orders all day today!

Aberdeenman

Twitterati predicting 10p+ tomorrow.

It is true there was a high upward pressure into the close and the day's high reached at close, which normally means a rise continues the next day.

Word is getting out around the massive potential this share has, even with recent rises we are still far far away from current value, never mind the value we can reach on news, and sustained ore/metals price rises.

I don't want to quote sky high figures, suffice to say this has a long way, and many bags, to go.

Aberdeenman

Glad it worked out for you Chaingnam.

AIM can be a rollercoaster, so if you need the funds secure you did the right thing.

Always better to be able to sleep at night knowing the bills can be paid, so well done, and with you still having a stake you will hopefully get much more in gains.

Aberdeenman

I would be happy for that to continue for the rest of the week!

For those that may not have seen the predictions for LIM, and therefore the longer term massive upside:

https://twitter.com/uk_ruins/status/1334862080894263297/photo/1

Aberdeenman

Probably traders and those derisking.

Must be more buys than sells though with price up nearly 40% today.

Still got a long way to go!

It is similar to those that got into the Covid stocks early, with the associated eye-watering gains. We are at the start of a commodities supercycle, and ahead of the herd.

Infrastructure spending is going to be unprecedented in the coming years as governments, globally, spend to get out of Covid recessions.

Aberdeenman

Should be reached this week (without news)

Although I think we will see some resistance to push through 10p as psychologically some will take profits.

Given there are two pieces of transformational news due, and the value of LIM increasing as well I am not counting on much of a retrace after news, albeit there may be a dip, it could well push onto higher prices as Iron Ore continues it upward trajectory.

Aberdeenman

For those watching on the sidelines, new is due any day, was slated for end of November, so could land any time.

Formal news, they tend to favour 7.00am so don't expect to get in just after news to catch the rise,, MM's will gap up to make a profit.

And even after first news, there is a second PEA due December, which should propel the SP even further.

This is all part of a rerate, and as many who have been here years will attest, long overdue.

Whilst the PEA's are expected to be good, very good or spectacular, remember there is always a risk.

I am sure there are also some buy on rumour, sell on news types buying in, but they will miss the best of it, remember 4 respectable brokers forecasting a ~37,000% rise in LIM valuing AYM share of that market (share price not NPV) value at around 250p per AYM share.

And then there are the other resources., and huge demand for Iron Ore, reflected in the ore price, and that is before the rest of the world start their covid recovery infrastructure spending, which will be unlike anything in history, even the Marshall plan, as this one is global.

£50-100m market cap seems to be reasonable within the next few weeks. After that sky is the limit depending on how AYM BOD slice and dice their assets and options.

Aberdeenman

With Gerald involvement, reaching out for City cheque books may not be required.

All looks lined up nicely, and as per Chaingnam's post, an offtake agreement may be the key to finance.

It could well be a spectacular rise if it comes together.

The PEA's will/should fuel several bags, but analyst 12 month predictions for LIM are worth ~250p for each AYM share

Aberdeenman

Chab,

I have not had any tea for a few days, so didn't read the leaves!

Great to see CB getting some work done, now just need the enhanced BOD to get moving and create some value, very long overdue!

Aberdeenman

I will take 20% a day quite happily.

Also, worth noting, there has been no speeding ticket (touches wood)

SP rise easily justified on upcoming PEA's

The timing will be interesting, hoping they got both out before Xmas, and without much of a gap.

Aberdeenman

I agree a 50-100m market cap is on the cards.

Everything points to the PEA's being good, very good or exceptional, the details are all there is anyone wants to do a bit of research.

even a 100m market cap is still way below where this may go eventually.

Question is, as always with miners, how will the mines be financed?

As has been mentioned by others there is a possibility of a quick disposal of one of the assets (LIM share?) for 25-50m?

Although this is a fraction of the value predicted by respectable brokers, we have to trust they will do what is best.

Whatever way they decide is best, it is a win-win from here, for us.

Aberdeenman

Those that P&D are not usually at pains to point out risks to fellow investors.

Water off a ducks back, these folk always try to get at me to discredit what I say about a promising share.

Yawn

Aberdeenman

As for Cloudtag, that was years ago now, and was caused by a lying CEO, lost a lot of money myself on that one.

Aberdeneman

I see some of my fans have turned up, likely not invested here.

Mostly they are TW acolytes and follow his agenda.

Bit like Trump followers, they don't often have original thought.

Aberdeenman

Can we make it to top riser today?

And tomorrow
Wednesday
Thursday.....

Lol, don't expect that, as there are always profit takers.

However, 2 lots of transformational news due in next few weeks that can rerate this to around 50p IMO.

Commodities are THE HOT sector for the next year, getting in now is still before the big rises.

Aberdeenman

To all new investors, read back on posts, lots of good info, and a blessed lack of trolls.

From here somewhere between 9 and 50 bags looking likely.

All the information required to justify that is in posts from last week or so.

Aberdeenman

Good plan Brent.

As I said previously, this will almost certainly see a tree shake.

Nervous PI's waiting on news, and sitting on profits, classic scenario to rob PI's in a quick smash and grab treeshake (You have been warned!!)

For those that never experienced one, try buying when the price is crashing, if you cannot buy (dummy) in quantity, then smell a rat.

I shall be increasing my holding on any weakness.

There is risk still, we do not know the contents of those PEA's, however, all looks lined up for a spectacular rise.

LIM - brokers (4 of, and independent respectable brokers at that) have 12-month targets at a ~37,000% rise, and we own a substantial holding in that company, if correct (and those 4 brokers were all extremely high 12-month targets) the market value of the AYM share of LIM is around 50 times current share price, excluding the other assets and possibilities. By market value, I mean stock market value, not NPV in a report.

So talk of a 50-100m market cap for AYM, sounds a lot, but it could just be the beginning, the usual caveat for miners is they need a lot of money to produce, so it requires dilution or offtake agreements etc. It may well be they do not realise that 250p per share value for LIM and go for a quick sale to fund other activities. Whatever way they cut it, this will be many many multiples of the current share price, we just need those PEA's released to the market.

Those in, or getting in, now should do very very well.

Aberdeenman

Just to add Yam, this and LIM are prime candidates for a tree shake, nervous PI's waiting on transformational news after a price rise.

Best to ignore sudden drops unless there is verifiable information to change the current situation.

99 times out of 100 any drop without accompanying verifiable information is just manipulation, and best ignored.

Nothing to stop you from taking more shares though!

Aberdeenman

Yam,

It is a learning experience we all go through.

If it is not the MM's dropping it suddenly it is BB trolls causing panic, hence I always try counter them.

The worst I had was on XEL, directors sold when the price was high, and not just one director or small sales. In the ensuing panic price drop I got stopped out on a position, it cost me over £200k.

The directors bought back in again on the cheaper price.

Lesson learned, try expect the unexpected, but having a decent BOD who have been around for a long time, and never lied or pulled sly maneuvers, including endless dilution, counts for a hell of a lot.

Aberdeenman

They have been swamping Covid stocks for some time, and rightly so, big profits for some.

But I doubt many will have seen that the next big thing is commodities. I have said for a while now (and many others) that commodities are the place to be, almost all developed nations will spend their way out of Covid malaise, that means infrastructure, and vast amounts of commodities, especially Iron Ore.

The herd will arrive once they catch on, and IF we get movement on Zanaga.

It could be MEGA.

Aberdeenman