Member Info for honestbob

Nothing against Peugeot but no they not my first choice - tends be old British (which is not sensible) or Japanese / German

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

Thankyou for info found it interesting

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

I hope every one here has a good Christmas and look forward to joining you again in the New Year for more view exchanges and banter

All the very best

HB

Without being unduly optimistic I think from the whole plethora of previous reports and surveys the directors must feel that the PEA will show a profitable tonnage - and they do have a lot of expetience. So hopefully PEA confirm that readily - fingers crossed

It is their favourite time Brent but they do also tend to be a bit optimistic with predictions of timing when RNS be released and from past e vents we are a bit on the early side.

Sammy Bow I thnk to some extent the PEA for AYM is built into price but if PEA better than expected or has new news will be beneficial (in my opinion)

I totally agree LIM is the wild card and theoretically could be nearer to production than AYM. Accept that it will need various reports too but in its case as I understand it the set up is mothballed and what it can do has been demonstrated in the past so hope that these reports will be more straight forward than those for AYM - which ignoring the historical working is largely a new project.

Just my opinion on what appears to be the case but I am not very knowledgeable on these matters and am simply applying what I hope is a common sense approach

Good question re aym PEA difficult to say. I would really like it to put price up. But at risk of stating the obvious it will what is in it. In my opinion if no changes in meantime - (buyers balance sellers no significant developments at Lim etc)

Then if largely confirms what is already known there has to be chance of some slippage. On other hand if it gives better position - more workable resources good news on next stage etc - then could well rise.

In other words I don't know and could go either way.

Calm that is good news

Given in last RNS or one before given talk of acquisitions and knowing anglesey not awash with cash I can't help wondering if at the right point Labrador investment might feature in Parys and the acquisitions

Time to multi bag - whilst i don't agree with your description of brett in final paragraph - i think decrepit ignoramus is a splendid insult and I have stored it away for future use

I remember when that report came out - it was interesting to see how a massive value of mineral reduced so dramatically
to the sold product

What it also demonstrated to me very graphically was how an ore price movement % can have a greatly magnified effect (upwards or downward to bottom line

Bit like supermarket sell loaf bread for pound - surprisingly perhaps - costs to get it to checkout can be 95p. Leaving 5p or five per cent profit. If supermarket put loaf price up by 5 p (5%) Profit per loaf doubles to 10 p - practically 100% rise (assuming no loss of sales)

Converse applies put loaf on offer by reduce price 5% i. e sell at 95 p and no profit.

Quite simple but powerful but surprising how many business don't see it.

Boom der van that link you sent re labrador i found very good - also useful for putting other companies including this one - thankyou

Brett using company's own 2017 figures as starting point for calculating rates of return is probably best way (in my opinion) in that cannot see any better or later information to base them on

I suppose to update could add in later inferred resources and latest commodity prices. I seem recall it is
Zinc that is the initial main earner

Personally I hope that the PEA will do the calculation for us so I am not going to attempt it.

I do think that the resources will extend beyond the Parys boundaries with opportunity for company in time to mine a greater area than even the inferred. Presumably as underground they could do it on a royalty basis with neighbouring landowners or buy the land. This is priced in nowhere at present.

Oakleaf have agree in my opinion southwesterner and Brent post knowledgeable and as they see it

Sometimes this is positive otherwise alternating they post with a degree of caution