Member Info for honestbob

Calm in theory if my memory serves me correct as to your holding then via AYM you own 0.36%, of it

Anwin think your last post spot on

I come on board like you to try and get some balanced opinions but here i have looked on great detail at anglesey website which is very informative then on company's house beta which is quite detailed regarding accounts and who actually owns what.

Whilst timing g etc is up to the individual actual strategies can be quite interesting.

For what it is worth I have two main rules - not to invest in what I don't understand and not to invest more than I can afford to lose.

And whilst this is a source of disapproval to some of the more serious chaps i do enjoy banter with other holders.

Piface with hindsight Lim has greatly altered picture (hopefully at least) on fairness to other LTH very tempting to. jump on bandwagon then but I think degree realism helpful - there have been many false dawns. Even now there
Is risk - i belive worth taking personally against potential upside but not one for widows and orphans

Boom

Possibly by long sightedness and Musnt overlook what they did with LIM in begining and it really was unfortunate that iron price collapsed last time just as it came together.

Possibly of course that realising the 12% would have brought do little they thought would just sit on it.

That said they are men of tremendous experience and patience and good at putting deals together albeit sometimes it feels in slow motion

Brook way good to hear from you - for years it has felt like groundhog day but does look as if ducks lining up.

Nothing wrong with top slicing along the way because despite all the positives there is still risk (imho)

Boom i might not always agree with you 100% but i do thnk you along right lines

I am getting impression market makers having difficulty finding stock to fill orders

Some being picked up by punters for quick turn but steadily each day I thnk proportion mopped up by buyers who can see big picture and going to hold for the two PEA at least and all the time LIM putting upward pressure on price

Only way for pressure to be released is for market makers put up price

Interesting see what happens

I thnk if LIM proceeds ok has to be really good chance big gains especially if AYM get benefit of take over or share sale to bring cash up front.

This would take away the concern about AYM cash flow which has largely been financed by Juno via loan - with modest share issues to cover various reports. To my recollection AYM directors not taken remuneration for some years - which I think is to their credit.

Since then fluctuated I think between approx 1p and 5p latter tending to be in run up or just after a report or RNS

The highs if I remember rightly were largely on back of Parys only expectations. This time there is LIM in the equation albeit with reduced holding from the very high days and to a lesser extent Granesberg - all my opinion. My personal hope is that they will steadily increase and hold their gains.

As has been highlighted previously the percentage of free shares is relatively low so can see quite dramatic movements (in either direction) depending on sentiment.

Meir I think you are right in 2011 as boom says when they had a large holding in LIM it did hit 88p and steadily went down after that for a while but then did spike up to 14 p briefly in 2013

There are a rash of tiny share purchases again does anyone know of their significance

Calm sorry was wrong about Lim and debt like you I thought they had none

On practice they have no long term debt but a very modest amount short term

Not of any great significance

Calm any more than aym all make a dividend of 100 percent of its income from parys to its shareholders

Calm yes i realise that they they currently have none
They have done really well to mothball and not get any

But to start production very good chance that borrowing will feature amongst fund sourcing

Possibly not point i am making though is that once it starts trading it will not pay 100% of its income to shareholders

Boom clearly more lim earns the better

But anglesey although 12% shareholders won't get 12 %, of the net income any more than calm trader will get 2.99 percent of aym income.

When company has some net income it will have to decide what to do with it and i would suspect for some time at least it apart from normal running costs it will be used to pay down debt - and then build up a cash buffer then finally turn thought to actually paying out cash.

In medium term this would be in interests of shareholders including aym in any event

Although however look at it all up benefit of aym - unless share dilution features

At that period at one point 33 % was held certainly may have been more Brent may know better and also Musnt overlook at that point aym had done value of its own so lim whilst largely to do with spike was not whole reason

Calm that would be brilliant if you right and with bit luck enable aym to have option to use some of their holding to finance parys

I agree with current info what we need look at. I am interested in actual effect Lim had last gone c round and will research - main effect from there clearly long way of and in meantime imo anglesey need keep afloat and get income stream from parys

Anglesey did peak some years when i think this was when labrador was actually on production not in run up
Does anyone know

That is always the fear