Member Info for GeorgeBestNI7

More buys than sells is always good to see, despite the price not reflecting it at the end of the day.

As Dukey says, there is uncertainty. However I am probably joined by the rest of you in agreeing that has always been par for the course with AYM and the lack of speed over the past 15 years reflects general market uncertainty. However, you can’t dispute the Independant evaluations of what’s under the surface and the released/pending PEAs for the same. All we need is the Labrador release and some momentum gathering in Sweden and this will launch. The upward trend in 2011 when Lab was last producing happened over a year with lots of profit taking along the road, hence not a straight line. I believe we are at the start of the same journey but this time we’ve found other pots of gold to add to the inventory.

I’ve never written this much here before. Must be the caffeine ??

Dukey, you won’t make money here unless you’re prepared to hold. Some of us have been in AYM for 15 years! If you’re getting squeamish, then AYM is not for you, but if you’re willing to stick it out I can’t see any other outcome than profits. How heavy these are depends on movement on the various fronts, but we’ve seen relatively significant developments in the past year and hope these will be built upon. Do whatever you need to do in terms of your current financial needs, but hopping in/out isn’t the best practise with this share. As usual, DYOR...

You could be right, although I’d imagine that real estate would be cheaper in other territories. However, there appears to be a rise in fire sale type business deals, so the right thing could be closer to home than expected. I’m also assuming that QME might have their ear to the ground in terms of what might come up and would consider further partnership deals if it meant spreading their risk.

I agree, AYM has the potential for an existing miner to invest in the possibility of a UK mine PLUS the benefits of a small share in LIM and over 50% of Grangesburg (which I personally think is the hidden gem in the whole package).

I would also like to know what exactly the BOD are looking at when they mentioned a couple of other opportunities. Are these local to their existing footprint or are they somewhere different (Africa springs to mind immediately, but there are many more fields out there that can be utilised to gain pre-production value).

I also still believe that the working relationship with QME will bring more to the table in the future.

Brent, I’m of the same opinion. Discussions are already in place with QME with a deal done on mutual benefits if ground was to be broken. I see no reason why they wouldn’t have put in place a plan to get from PEA to production, and two years surely isn’t unreasonable.

I think the chances of bad news are slim based on the information given by AYM and LIM in recent months. As usual, the timing is late, so nothing to worry about. I’m still expecting quite a raise in SP on news

November...

Wuckfit, know how you feel buddy. I was made redundant in June after 20 years in my 'job-for-life'. Been in AYM since 2006, averaging down over the past few years now means I have a tidy profit of over 120% at the moment. Am tempted to pull out my profits for the free ride too, but I think for the sake of another month the price is going to be worth it, post PEA release (given where we are due to the anticipation!). So I'm going to hold it all in for a bit longer, then intend to live off the profits for a few months and keep two feet in AYM for the future expectations. Good luck with whatever you need to do to make it work for you and your family.

Hopefully Bill is checking out a few yacht brochures as we speak... ;-)

Yes, I am aware of the limitations of LSE :) But always do a dummy buy/sell to get a feel for the transactions in progress.

I just did a dummy buy and all the "RED" prices at 2.73p must be buys as that is what they are asking for now...

Same here. I did sell on the way up back then, then it kept rising so I bought more and took my eye off the ball... Positive territory again now after a lot of averaging down. My holding is also considerable (for me) so I’m hoping this long term investment pays off. Not looking for quick return like rampant rampers, will hold out for long term view of continued growth if/when production returns to Parys. LIM and Sweden are probably the easier facilities to get on track first with good partnership, but none of the options are quick release due to infrastructure requirements. Once the PEAs are released, the group will be able to format a plan. Let’s see what the next 5 weeks brings.

And Brent, good luck for the rugby on Saturday. Obviously I’m backing a green win :)

Some of the new blood need to stick to the game and stop harassing other posters. People like Brent have been posting on AYM for years and had a lot of input plus, as far as I could see, contact with the board and other shareholders at site meetings on Parys. I doubt some of the big mouths here now would be as useful. In fact, I doubt they’ll be here once they’ve raped their quick bucks on the back of this share whilst randomly attacking LTH with their drivel. Hope the spelling is up to standard...

Apologies my sarcasm wasn't clearer :)

b)...

From memory it was before mining was underway that the price spiked. There were various "local issues" with the natives, literally, and then when it got going the price slumped. Now the price is well over $100 for iron, so the future is rosy again.

LIM has just taken off like a rocket... 56% so far in a couple of hours since opening in Toronto. Very low spread on AYM, should be interesting tomorrow...

Will be tempered by the spread however... If sells don't happen that should tighten up.

It's crap, they are only showing 20-30% of the volume of both buys and sells. Either something wrong with their algorithms or somebody has fallen asleep on their keyboard...

Anyway, glad to get some more earlier at 1.5p. I was checking back and I started with AYM in 2005. a long wait for the good times, but the recent news has definitely provided me with a lot of hope.

Topped up again this morning and not shown in the trade list. Why does this happen on LSE?