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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
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
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.
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!
Ferrari part 2
Of course if I had six percent of your Ferrari but also had other projects of my own I wanted to move forward now with a French sounding car for example - i might be tempted to try and catch a good point to sell a part of my share to take the other project forward
Mike
I like the Ferrari analogy. Clearly it is not worth it's full market value. I suppose value to you as owner will depend if you sell it as a non runner or if you can make it run again the cost of doing so and assuming you don't have the cash yourself if someone will lend you the money to do it. Presumably would get quote to get it running and then see if worth proceeding. At the same time keeping a weather eye on price of and demand for that type of model.
If borrowing lender would perhaps look at your experience in Ferrari renovation or similar and also if they had faith in you to carry the project through.
And to all but exhaust the analogy if I had a six per cent share in the car then my share would clearly at this stage be worth nothing like six per cent of the full market value but might increase when mechanics reports or quotes received or indeed the reverse.
But either way yes it have some value now.
If market for your ferrari at a peak would make sense to crack on before it slips back
I think one of great attraction of this share is the other unquantifiable opportunities the company has - not to mention the unknown opportunities that were touched upon in one of the recent RNS
Although one of the mysteries to me is that when likely date of PEA etc is worked out by company they don't add a couple of months on for good measure - not unrealistic from past production - and then would have a chance of come in ahead of target. That said this is minor gripe because when they give date I mentally add on two months which avoids personal disappointment.
Ant I think some at least (but hopefully not all) of LIM and anticipated PEA news must be priced in otherwise no reason for the recent rise
Hopefully PEA when eventually produced will provide additional good news
Golden geezer I agree totally with what you say re AYM price movement and holders
Only note would make its that when AYM hit 90 p out was on the back of a much larger holding in an operational LIM - i thnk thirty per cent plus
I think key thing is what is good for LIMH is good for AYM who in turn own 12 % of LIMH so simple to get current valuation AYM stake
Much harder to work out what LIMH worth in future if and when becomes operational
But one thing I thnk needs to be borne on mind Is that LIMH has rights to only half of what it did previously - so as SW says that as a minimum needs factoring in
Thankfully at some point a Report is due which should have figures to enable those brave or clever enough to attempt it - to calculate what their earnings might be and then translate that into a possible share price
If this can be done with any degree of accuracy be pointer to what AYM stake may be worth in the long term
I think at that stage LIM may have been a producing mine as opposed to mothballed - although planning to get into ptoduction
Also they would have been due all of the mineral income from their resources - not the half they are now due after the arrangement with creditors. To a lesser extent also a proprtion of their initial sales will be due to longstanding creditors - as part of the same arrangement
This is my understanding but would suggest have a look at the Labrador Mines website - where it is all to hand