Member Info for honestbob

Sw was open about his sale

I think thing to do if disagree with his posts (and he has not claimed infallibility) is to disect them and put forward a different view. In most cases should not be that difficult because he provides figures behind his conclusion)

Main short term problem I think at the moment is the overhang of some ten million shares from the recent rights issue. If bought by long term investor fine but if bought (as previous ones seemed to have been for short term profit my guess is that 7.5 or 8p see them start to trickle through. Which put a brake on things until they absorbed. Unless they belive LIMH PEA worth waiting for.

I must admit i am kicking myself for not selling a chunk at ten p and then buying them back

To be honest it could go either way
What I think is encouraging is that it, for time being at least , has found a level of about 6p which mean lower dilution of more rights and also could starting point if some good news.

Be very interesting to see how the reddit thing pans out.

Perhaps no bad thing for hedge funds to pause to think about their actions

Especially as it is quite possible done of the many buyers do not care if they lose a tiny investment if it let's them make a point. Of course enough of these tiny investments gather a momentum of their own.

https://www.barrons.com/amp/articles/labrador-iron-mines-update-on-houston-project-preliminary-economic-assessment-pea-01611587608

I thnk that is an interesting article
Although i don't think the author has made allowance for LIMH (the company with the quoted shares) only owning 51% of LIM (the company if memory serves me correct which owns the mines etc) even so if half his projected value per share it is still a great uplift on present price

Brent i agree with you in the medium term but until developments I think prrice will drift

Yes they placed them all - some one had confidence

Apologies in previous post I said was potential overhang of four million shares - it is of course ten million from the placing.

Short term (unless buyers proposing to keep) that inevitably will be drag on price in my opinion

Possible issue i think is unless people who took up placement are in it for long /medium term there is an overhang of about four million shares. My guess (and that is all it is) its that they would perhaps look for a quick 25 % on some of all of them - which could been they will slip them out when they can get 8p upwards.

I thnk the other thing that is not helping is that on Canadian chat boards they have realised (as we did sometime ago) that what appeared to be brokers recommendation for LIMH was for a similarly named company.

Potentially this temporarily this act as moderate dampener on both companies. But with luck be short lived

Brent i noticed the pattern because it has been source of irritation over the years that inevitably the placing proved to be a great bargain for purchaser within about two weeks.

I accept and agree with what you say about differences this time to previous so with bit of luck we see the increase - without the retrenchment.

Buyer or buyers must have undertaken a detailed analysis.

Interestingly Juno holding still above 25% but unless they taken some up (and not seen RNS to that effect) it is getting closer to that figure.

I would think, if possible, they would want keep it above - as it gives them the ability to stop hostile takeover. Or to act as deal maker.

Similarly placing can't all gone to one buyer or would need RNS at some point because of percentage. Be interesting to know if just bought for quick turn - in which case market need absorb their sale coming weeks /months or as longer term investment.

Anglesey owned large part of LIMH which was producing. LIMH then traded at loss - made arrangement with creditors and became dormant. As part of process Anglesey had give up most of their shares.

Bit of simplification - I think if go to Labrador Iron Mine Holdings site and go to the announcements at time be more detail there.

In essence high Anglesey price on back of very large shareholding in producing iron mine. Now much smaller holding in non producing mine - but there is hope it will produce again.

There is a PEA due on subject 'early 2021' — precisely what early means is not altogether clear

Hope this helps

Mike

I have noticed in the past that for whatever reason the share price does seem to rise after a placing. Albeit previously they have been at a lower price. Subsequently it often then drifts back

Brent you have created new verb

Could also have Treving - to castigate posters not to his standard

Bobbing to make largely flippant and irrelevant contents

Miking - to pop up from time to time with well thought out and often amusing observations

Southing to introduce realism and prompt discussion

Brenting - provide detailed information with ability to make alcohol disappear in post. In past times to to aggravate Gordon and indeed get Trev Treving

There of course many others but I am called away

On a serious note the run up to the LIMH Pea is so far very very similar to the the last run up to the AYM Pea

It is interesting thank you although i don't know if he is right or wrong to base some of prediction on historic 88p given unique circumstances at that time

But yes i too would happily take his 96p

Although i suspect world be largely out before got there

For what it's worth Board must have a very good idea of what Pea will say in broad terms. They know whats there and have actually operated the mines previously.

P ea i think will give independent view to confirm costs etc to recommision to assist raise finance

Possibly there will be an updating announcement alongside - which is where the good news could lie. Equally possibly may not

Key thing i think its hopefully Pea shows a step closer to production - which whilst inevitably a long way off is where the great potential in my opinion lies.

Spenfold let's hope that dip in LIM price is not due to a leak either

Be interesting to have some idea of what makes that share so volatile - i have noticed in percentage terms there are large movements - although in actual price not a lot. Be interesting to know volumes that are being traded.

I believe it is traded with matched deals so entirely possible I suppose that it does not take a great shortage of buyers or sellers on a particular day to make quite a large movement in either direction.

Hopefully Lim Pea have encouraging news for future. Although AYM Pea was encouraging but did SP no good at all

Unexpected not expected

Boom a technique i have found quite successful in past (although not done here) and depends on company is set myself objective for say two thirds of the shares and mentally put them on one side. Then if the company has a degree of volatilty if i can get an idea of its usual movements trade the other third from time to time - either to withdraw cash on profits or simply increase holding.

Doesn't always work and clearly not without risk. Very hard to know when peak reached (to sell) or bottom to buy. So typically would follow share when rising and sell on small dip. Similarly would then follow down and buy back on small rise.

Clearly danger missing additional rise or indeed not need able buy back at lower price. Sometimes have got it wrong.

On my case would follow company for some time to get feel for its movements and of course I expected events can throw spanner in the works.

I am not recommending or otherwise just throwing idea out to you.

Nb sometimes my trading portion held for weeks or months sometimes rolled over in days.

Sea angler I thnk this is really good point. SW often comments in response to a request. Even if don't agree with what he says he certainly highlights areas where we can do our own research.

Personally i find all he has to say of great interest - but if i didn't I wouldn't read the posts.

I do think if there are areas in them that others disagree with its more constructive to challenge and debate them and being them into open.

Similarly with some of more gungho posts and can help give a more balanced viewpoint

From personal perspective I look at boards to hopefully gain new information - which usually will be from others with different opinions - although clearly it is good to see my own agreed with.

I do have to admit in times of quietness I like banter here too - although now Trev in his exile something missing there