Member Info for honestbob

Exercising of the warrants shouldn't affect the share price on its own. What will affect it is if the shares acquired are then sold.

I do think with Lim from what I can understand it is a mine /mines with all infrastructure in place, mothballed but maintained ,very good relations with the various First Nations peoples, simply needing capital for new equipment or to replace that previously
sold to manage cash flow whilst dormant. On that basis I would hope the various reports can be polished off quickly and production started - to benefit as soon as possible from iron price.

I am not knowledgeable on these matters but assume reports needed for finance providers either to lend direct to Lim or via Gerrard. Both of whom from their past experience will already have a very good answer of what they will show.

Boom

They may be holding back for that reason so as to present altogether. But
in the past announcements have regularly come a month or two after expected so may just be that. I have long had a suspicion that the AYM board room operates on a different time scale to the rest of us.

Brent he was there was an element of confusion I belive (and excitement) when he talked about Italian models.

I remember Trev took a dim view of such discussions - and I suspect even now is looking down with disapproval on the Saintly One

Boom thanks for link

Interesting given the massive increase they predict that they all rate it as a buy not a strong buy. Wonder what company has to do to deserve the latter.

Boom thank i have had another look i thnk Gerald must feature amongst the 49% ownership held by previous creditors - either in holding or subdiduary company

Saint Brent - crikey you have gone from villain to revered in matter of weeks

Hopefully when the long awaited celebration takes place you will turn water into wine - that will save a bob of two.

I know Gerald have supported Lim
Does anyone understand the mechanics
I can't see them as major shareholders and only I can see in Lim accounts is figure I think of 25 million and I think I have seen somewhere that they are due 50 percent Lim net profits up to a certain amount (which does give them a vested interest in their being some profit)

I think the only obvious immediate concern is the shares taken up by the warrant holders and how many remain in their hands and their long term intentions. That said present situation could possibly absorb without to much damage.

Jonesy - I remember that RNS - that was a time when the board leapt into action with unwelcome speed.

I think there were 900 transactions yesterday and if only half were buyers. Once they tell their mates what they made in a day i would not be surprised to see another wave of buys. Each time a proportion of those will be in for the longer term steadily reducing the free shares. Suspect if MM don't put s lid on it 10 could be breached.

https://www.mining.com/ interesting link about this and next years iron price

Shares sold at today's price

Bought back today's price

Will be difference in buy and sell price due to spread - so whilst you should end up with same number may be c slightly less depending on how transactions processed and how your broker specifically does it

Best to check with them

Hope this helps

Shares sold at today's price

Bought back today's price

Will be difference in buy and sell price due to spread - so whilst you should end up with same number may be c slightly less depending on how transactions processed and how your broker specifically does it

Best to check with them

Hope this helps

Sorry price used will be the one at the time you do it

So on practice you will end up with either the same about of shares but pay a little to cover spread and costs or if costs come out of shares then slightly less shares

As far as i know if you manage to execute the buy and sell at exactly the same time you will still get less.

Because you will receive the selling price for the shares but have to pay the buying price for those that go into the Isa so you will lose on the spread. You will also need to cover broker fees. But precise mechanics will depend on your broker.

Ie you can request they do it or you can do it your self

Anyone idea if it is taken up warrants driving the large selling volumes or profit taking

Brent

I have done a little research

As far as I can gather if the PEA is OK then it is followed by a preliminary feasability study which in turn is followed by a feasability study some where along the line finance is raised or at least discussed(if required) then hopefully the men with shovels move in

In this case QME have options to quote as contractors and joint venture but I would need to look again to see if they are due to shoulder the full cost burden in return for their 30% or a proportion

Either way they themselves whilst having no shortage of plant will need finance either from their reserves or from lenders

I think and hope that the commentary with the PEA will give a pointer.

I think that is due anytime

Am I right in thinking that this report as its title suggests is first stage to look at best economic way to actually operate the mine - not that it is likely to increase or reduce reserve etc. Or is there more to it than that

Lseking - thanks just come from there will pop back