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https://www.mining.com/iron-ore-prices-are-going-ballistic/

IF we get movement on Zanaga, with a deal or finance, this share price is going to go ballistic also. I had thought if something came up, we would rerate to somewhere around 20-30p initially, but that could be out of the window now, with the commodities supercycle. This could rerate to somewhere between 30-50p now.

No guarantee it will happen, but fingers crossed, everything certainly looks like it is coming together, just hope AT has been busy!!

Aberdeenman

Looks like it was a major treeshake.

We all know the MM's like to do that sort of thing before a major rise.

Aberdeenman

Hasn't been any suggestion on here about a Monday RNS, so not sure about any pull back. good to build a solid SP prior to news, and it is still way way undervalued.

The herd will arrive, and we can see there is growing interest already.

I can see this building very nicely into news.

And even after the PEA's arrive, there could be a steady stream of news coming as the projucts (and SP) advance.

There could even be a bit of bidding to acquire the Labrador shares, not sure a 35m-50m quick sale is the best way to go, but appreciate there are many moving parts.

Aberdeenman

"That's 50x where we are now £2.50 per share"

It's a keeper for sure!

I think a reasonable nearer-term target is a £100m market cap, so around a 10 bagger from here, but as per Spenfolds post there is so much more....

I am always wary of valuing what is in the ground, you have to discount so much, and there are many many variables, and usually dilution to secure finance.

But as per my previous post, 4 sensible respectable brokers are giving a market value (tradeable shares, not NPV valuations) on AYM shares of Labrador of multiples of that £100m market cap, add in the other stuff, and this is definitely a mega multibagger in the making.

Aberdeenman

I am repeating this for any newbies.

I think Mining/commodity stocks are going to be the new hot potatoes.

The shine has gone off Covid stocks and with a massive amount of recovery finance (read infrastructure) commodities is where it is at. Not juist me saying this, it is being played out all over, including on commodity prices.

Canny investors get in ahead of the herd, and this is where we are at with AYM.

With good news it should get to £100m market cap IMO, if not more.

Current market cap of Labrador is $13.3m, with 4 broker consensus going up to ~37,000% 12 month target, or around $4.9B (THAT IS NOT A TYPO)!!

@ 12% of that AYM's share of the value is $593m and that is shares on the market value, not ore in the ground.

MULTIBAGGER

Aberdeenman

I think this may be around the 10p mark this time next week (more on good news).

Word is spreading, and free float is getting smaller.

There will not be many multibaggers this side of the year, and AYM looks likely to multibag from these levels.

Aberdeenman

Agreed Boom, They are not being 'paid' to produce the analysis, so these incredible target figures across 4 respectable brokers need to be taken seriously. One broker, it could be explained by a liquid lunch at those figures, but 4 different ones....

Even @ 12 % holding, it is sufficient to cause AYM to significantly rerate given our tiny market cap, then add in the other news due.

Still hoping for 20p+ this year, and if very good news this could be much higher.

Aberdeenman

"The general consensus is a staggering 37,095.12% upside"

That is now, I think, 4 Analysts saying a target of around 40,000%, and we own 12%

That is amazing, and justifies a rerate on AYM SP alone.

Multibagger incoming.

Aberdeenman

*It is NOT restricted to ZIOC

Aberdeenman

"There's no other reason for all the ****ty little trades"

I have actually seen this happening across multiple shares now, all started around the same time.

Not sure of the reason, may just be that the MM's have a new system (no doubt to benefit themselves)

It is restricted to ZIOC

Aberdeenman

What is interesting is that the MM's/Brokers seem to be wanting to move this higher, or at least control the price, with the multitude of small trades of late.

The price of Iron Ore is very attractive at the moment, but large investors look beyond the current price and try predict the future, and even then this still seems a very opportune time for ZIOC to come to fruition!

Aberdeenman

This could be 15p after the first PEA/news, and even more after the second.

Commodities is the new Covid stocks ;-)

Aberdeenman

Up about 8% today so far, which is a huge rise!

About as much as the ZIOC rise today.

I hope AT has his mobile phone on him, with plenty of battery life!

Aberdeenman

Have a read through the post for the last couple of weeks.

Much news due that will rerate this if good (as expected)

No harm in derisking a bit if you prefer, but you will kick yourself if you sell and it goes op 500%+

Each has their own risk threshold.

Good luck!

Aberdeenman

Given 4.5p being paid, 5p should go this week.

Hopefully 10p next week, good news and 20p should come fairly quickly.

Aberdeenman

"could relate straight to 50 mill cap +"

50m market cap is actually quite conservative with good news on all fronts.

Given the commodities supercyle, and the interest in commodities shares now starting, I think that could easily double.

all dependant on the PEA's of course!

Aberdeenman

Today there has been more than normal amounts of trades, but they are not very small amounts, so either news coming, or just the price of Iron Ore is attracting investors.

It is no secret that there is a commodities super cycle coming, IF Zanaga is going to happen it should be sometime relatively soon.

Just don't think it is a cert, this will either be a damp squib, or a multi multi bagger.

Aberdeenman

It is interesting, I think they are pushing the price up for a reason, and there can only be two.

1. They want a higher price to offload shares.
2. They want a higher price to attract sellers, as they believe the price may rise at some point soon, so will profit by buying now.

In other words, to buy or sell to their advantage, always the way.

I remember there was a guy prosecuted for placing multiple small trades to push up a share price so he could profit from spread bets, but the MM's do it with impunity.

Aberdeenman

I try to pick early stage stocks (I know this has been around years, I mean from low value) with high upside potential.

sometimes it takes a while, and sometimes it goes pear shaped, e.g. due to a lying CEO.

Don't think anyone can doubt the potential here, and although there are risks, that is part of the risk reward equation.

a 10 bagger here seems likely, much more if you want to hang around.

I said earlier, commodities will be the next big thing, as nations spend to escape Covid contractions, so commodities are where the herd will go next, after the Covid stocks.

I am in another Iron Ore company, bad form to mention another by name on a BB, but have a look at my posting. That will also multibag on news.

Aberdeenman

Sunken, I will try get a model together when I have time.

As for investors moving here, here is a prediction for you!

Covid stocks were the bees knees for some time, but the shine has now come off them. We know we are starting a commodities supercycle, I think we will see mining stocks become super hot over the next months, including amongst PI's, so being in here makes a lot of sense. The actual model and conservative projections could go out the window if I am right, and PI's start piling into commodity companies that are on the verge of realising value. I am in this and another also poised for massive uplift, on the right news.

Those invested in AYM could do very very well over the next few months, the herd will arrive in due course, momentum for that has barely begun.

Aberdeenman