Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
true , Bob. Sometimes these micros do not follow any logic though - imo we are in a much more speculative market than 2011 already with 0% interest rates everywhere for so long - so playing for a major overshoot myself.
all true - one should add that AYM traded around 90p at the highs in 2011, not suggesting it will get close to there but the thing with these microcaps is that they are very thin traded and speculatively driven. Plus this is exacerbated with AYM by large shareholders who don't trade/provide liquidity on price surges.
40c trades, up 66% on the day
traded up to 39c lol
thanks, South - so 1/8 of the value brings us down to $2 from a $16 high - point taken re loss of confidence/transport costs, but now trading 28c up 15% on the day, still a fair old gap. Not arguing with your logic at all, its just that once these micro caps attract a bit of attention they are prone to massive overshooting, and it appears we might (after a 9 year wait) be back in that sort of speculative environment for Iron ore stocks again.
thanks Bob - that certainly explains some of the difference, still plenty of room for LIM (and AYM) to rise though IF iron ore prices stay here.
I see when Iron ore prices were roughly where they are now in 2011 LIM was trading at $15 a share cw 24c now - can anyone square this circle in terms of price difference ??
run me through those numbers please for a newbie on this board
a bit of volume on the offer this morning, you might have more luck - but not for long with the buyback imminent I guess.
remember 10% share buyback starts in 5 trading days - market makers look short today.
personally think Kili is close to irrelevant now - earnings of £3.3 mill for a £12 mill company, a 10% buyback of shares and dividend on the way, plus utilisation of the TSF, containing £150 million+ of Gold. Even if the recent Gold selloff has put Kili deal in doubt ,given the above it makes little difference.
yep - the history of GDP shows long periods of ridiculous undervaluation followed by moves in a matter of hours (see January 2020) to catch this up. It seems it needs to stare investors in the face before they jump on board, I guess the illiquidity of the shares makes some nervous. With the moves on the TSF though more and more people are going to get to know about a £150 million assets on the balance sheet of a £12 mill company.
to honest Kili is small change compared with the TSF and £3.3 mill of after tax profit for a £12 mill company.
no worries - the results yesterday make it pretty clear as well that this is happening and details the extra 500k tonnes of TSF since the JORC estimate in 2016, giving the 109,000 oz figure ( 81,000 x 1.4). Not often you get such a large asset on the balance sheet of such a small company (which, ignoring the TSF, trades on a p/e of under 4 when you strip out cash).
Werner says publishing the data on TSF recovery soon, this is going to be massive, 109,000 oz of Gold worth north of £150 million, current market cap £12 million, wake up market.
no one talking about the TSF which they plan to develop "in the near term". this is now 109,000 0z of Gold which has a gross value of over £150 million. Even if they only extract half of this, with it all above ground and very low "mining" costs this is huge for a £12 million market cap - the refits should be a multiple of the current share price if they do as they say.
exactly, Mike. With after tax profits last year of £3.3 million and a market capitalisation of £12 million the cup is more than half full.
Can't believe no one has mentioned above - what was a 81,000 oz resource, (now upgraded to over 100,000 oz) is going to be extracted "in the near term" with minimal costs. Thats worth over £150 million and the market cap is £12 mill. Sure GDP won't extract 100% and will have to pay the 3rd party a toll, but even a 50% recovery (conservative imo) works out at £75 mill or about 45p a share !!!
wake up people, Gold back over $1950, this will be well over 10p in a flash when the market wakes up. £130 million of TSF Gold sitting there with £14 million market cap, this will be over 20p in early 2021 when it finally comes on the radar/gets any PR.