Member Info for honestbob

Some chunky delayed purchases showing up in buys

Ewt you are welcome

It did cause some confusion not helped by Bills unfortunate habit of sometimes interchanging LIM and LIMH but he was kind enough to clarify it personally

Whilst accept reasonable sum needed get Parys into operation i think there must be fair chance that labrador could contribute in one way or another

I also think (and this is for well in the future) that the minerals will not cease exactly on the boundaries of the owned land. In fact latest RNS suggests on their own land go past where tested - thankfully they are not exploring the additional and delaying production. But to my mind does indicate there is chance if ever go into production mine live could well be longer than predicted.

Also as i have previously mentioned i suspect minerals go past owned land and in future could look agreements neighbouring land owners.

All this of course pie in sky until mine actually opens.

That said we still own 12 per cent of LIMH which is the quoted company where price has shot up recently - i hope this helps

Ewt effectively yes

We own 12 per cent LIMH which owns 50 or 51 percent LIM which in turn owns 100 per cent of the rights

Yes to answer

That was about the time when anglesey owned approx 40 % of Labrador Iron Mine Holdings which had just started iron ore sales or was actualy making sales. This prior to ore price slump.

AYM still own 12 % and there are signs that the company may start up again. The company itself owns 50 per cent or has benefit fifty percent of previous mineral rights. So comparing like with like Aym has equivalent 6 per cent

If look through postings last couple weeks is more detail on this

I thnk the PEA was really encouraging
Clearly areas that will be developed. Figures used for ore prices etc appear very conservative. Similarly future value of money very conservative. So good safety margins built in. Was interesting to see mention possibility of future resources past tested areas.

I think price dip due to an excellent PEA being largely in the price - we need only look back at this board to see that. So no great surprise when a good one came. Then be sellers waiting for PEA and profit takers - none of whom have done anything wrong.

Be interesting to see where price settles

We were expecting a good PEA and one arrived

Price has risen from 1.4p odd to about 9p in anticipation of PEA (with some help from LIM) to some extent the PEA was already predicted in - so whilst would have been very nice for price to have shot right up on RNS - perhaps not too alarming it hasn't

Spenfold, as is often the case I would like SW to be wrong - are you able to see what is the matter with his conclusions re AYM clearly the other two( L & G) are much much more guesswork

Brent I too would like Southwestern take but I fear of he gives an honest appraisal if it is not massively optimistic he will come in for undeserved criticism

That said the figures are there for any one to make their own interpretation
Personally I would start with the projected internal rates of return on present basis attempt to apportion per share which at quick glance would seem be about 50p then discount against volatility of markets between now and production. With another discount to factor in that mine needs to be operational to generate anything.

Must admit not sure where to start with latter - others may have an idea.

For sake of exercise i would discount labrador and Granesberg - viewing those as added bonus

However look at it I think there is lot of potential. Doubtless more than some think and less than others.

Key thing i think is to move to production ASAP there are other companies also looking to benefit from rises in ore price

I think some people are top slicing or taking profits to cover some or all of their investment. I haven't yet. But personally I can see nothing wrong with that.

I may be wrong but i think the comment which understandably is upsetting you was possibly addressed to someone else

I may well be wrong but i have a feeling that the comment which understandably is upsetting you - was possibly addressed at another poster - despite its opening wording

I think perhaps worth remembering that this share isn't tucked away in a dark corner of Aim but for whatever reason has a full listing still. I don't think that is a cheap business.

Apart from Juno who will have their strategy - it will be interesting to see when fund managers take an interest - they have in the past.

I think also worth mentioning that Juno stake at 28% odd is enough to stop a hostile take over.

I

Mike
I do hope not - i find it hard to believe he is not keeping a watchful eye on Brent

Build a nest egg that is very kind thankyou

Very pleasing to see late surge and a 9p
on the board albeit not yet for selling

Wouldn't be surprised see small dip Monday to trigger stop losses and help balance the books

Who knows after that 10p seems be in sight

Each to their own. I think information readily available speaks largely for itself

But I have not yet seen anyone analyse. it factually as well as South Westerner
In my opinion.

Trev
I know ( or believe) you are in your self imposed exile but would it be possible to confirm you are still alive - I promise then not to bother you again for a year

Best wishes

Bob

Buildanestegg

I thnk they good questions and don't really know the answer.

I can only observe that masses of accurate information are in the public domain or available to a serious be buyer from the Company - so possibly anyone world an interest might have acted before now and even considered buying when commodity prices lower as an investment. Possibly not

World is changing place and new reports might trigger interest given they must take closer to when done mining can take place

I think the arrangement with QME could be construed as joint venture if proceeds and certainly no reason why another shouldn't

I think is worth remembering the board are vastly experienced in mining and deal making. Informative to shareholders and currently draw no remuneration. Although sometimes they appear move at slow pace.

Present situation is how some became LTH. Realised potential bought in ahead of announcement then held waiting for developments - which oddly is where we are now

I very much hope this is the time
.

Fig LIM traded as I understand it on Canadian over the counter market. I don't know how it works but I don't think it is like here where market makers obliged to provide stock or buy iy. Which they do, as we know, by adjusting price until would be buyers and sellers match.

I think, but may be completely wrong, and would welcome correction if so that there is no obligation for any one to buy these shares or provide them. In theory can make market very narrow and illiquid and lead large swings in either direction. Which may partially account for what has been seen recently with the price.

On a cautionary note would quite probably mean that if AYM wanted to sell its stake tommorow - it might not be that simple. Although my guess is that when that time comes they will have arranged for LIMH to reapply to normal Canadian exchange.

I think each to their own but is argument if running with a good profit to take some to partially or fully offset original purchase cost. Just in case all does not pan out as we hope.

Personally have not done so although with hindsight i should have sold some at last time hit 8p and bought back

Just have concern minute i do that price keep rising!