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73c trades.
65c bid pre market new high for the move
again, I can't argue with your logic - but just as in 2011 people will for sure assign LIM share price value to AYM - this is about forecasting what other buyers and sellers do in the here and now, not forecasting profits in 5 years time. Might not seem fair or logical but history tells you that it is true.
lord, you could well be right- but that's not what drives are prices in this speculative environment. If that's not for you then fair enough, but any look back at similar times will see shares like AYM rising by large multiple as they have a credible story that spec Investors can buy into. Will it turn into actual profits, who knows, but that's not the game here, history tell you that clearly.
if ever you wanted evidence that the market makers are clueless its opening AYM up unchanged after Labrador 46% rise
tried that
I'm trying to buy
can't get a quote for anything ,market makers must be short.
agreed, Brentharg. I think of Grangesburg as a call option on the price of iron ore - given the price rises seen in 2020 this likely has a lot more value than people currently think - of course if the iron ore price falls back that will reduce, but there is virtually nothing in the price for this and the resources involved dwarf the mkt cap of AYM, giving huge leverage.
right now Parrys is in the share price for nothing. The iron ore interests more than account for the £13 mill mkt cap. That's only just changed, lets see if it stays that way, but if so its a sea change for the company.
someone is paying any price for them ,so it would appear they know something.
yep - or roughly 4.5p per share.
60c wtf
56c
52c
has anyone ran the numbers for Grängesberg v LIM ? Grängesberg is obviously unlisted but I assume its value is rising in a similar fashion LIM - the real value for AYM surely comes in the option to acquire 50% extra stake, which I assume now is deep in the money - anyone have numbers on this ? Given AYM could hold 60% of Grängesberg v 12% LIM this could be very interesting and another catalyst for re-rating of the shares.
haha, you could be right - lets see what Labrador does today.....
thanks Bob - glad to see someone can see I was only trying to help. Big difference between factual information and constantly ramping shares by saying they are going to the moon today :)
sorry if I bothered you. Just trying to pay back some of the stuff I've learnt on here, for me there are lots of similarities between AYM and GDP. Both hugely undervalued and unloved for long periods - but DYOR of course.
btw , if you want another share that's undervalued, take a look at Goldplat ( GDP). Mkt cap of £12 mill, £3 mill of cash, making £3.3 mill a year in aftertax profits, plus has a TSF Gold resource worth over £150 million which its just about to tap. Board announced 10% share buyback and dividend next year and still it doesn't move - major off the radar, when it gets any publicity it will see moves like AYM today imo.