Member Info for honestbob

I think the important thing is that the momentum be maintained whilst there is a copper shortage. If too slow Resolutions proposed Arizona mine and Rio Tintos mongolian enterprise will go a very long way towards dealing with it

I would like price be higher but ignoring Lim and Granesberg for what it worth my gut feeling is 5p if lucky short to medium term - then if production ever seen 10 to 20 - latter could vary greatly depending on commodity prices at the time

I appreciate commodities in the mountain worth over a billion but will be realised over ten years not all at once. Common sense would seem to indicate if the true realisable value of
Parys was even 250 mill some one surely would have popped up and made offer 25 to 50 mill at least.

I may be and probably am completing wrong

Spenfold given that the company seems to place when the price is on a low that might well be a good way of picking your moment

What i find disappointing is the very low price the shares in inevitably seem to be placed at

Crikey I didn't realise you had a section all of your own on the site

Neither did I know you were an arch ramper

But we live and learn

Parys seems to have everything else including at one point allegedly uranium! amongst other things.

I looked on Internet and can see no mention of lithium in wales - not to say there isn't any - so I looked for tin on basis loads of that in cornwall so if some in wales - if wales similar then might be lithium alongside.

I can't see evidence of tin either
In short i don't know and like you be interested to know.

Boom I understand what you saying and agree at first glance brokers opinions seem be for LIM and should like it if they were. My problem is that I cannot reconcile brokers putting their names to nine hundred fold increase - one of them twelve months ago - i know it can happen but also this is a relatively modest over the counter company that has been dormant for years not the sort usually tracked by brokers /analysts especially of this calibre.

It just seems to good to be true. The final thing that makes me doubtful is that LIM themselves say no analysts are tracking them -

Labrador Iron Mines Holdings Limited is not currently covered by any analysts. If you are an analyst interested in initiating coverage of Labrador Iron Mines, please contact us here.

That is from their website. I would like you to be right but i fear on this occaision we will need to differ

ATB

If remember rightly company is labrador iron ore corporation or similar and research notes on that in October are same as those for Lim

Boom wouldn't disagree with any of that except those brokers opinions which not withstanding that are on a genuine site do look as if they relate to another labrador company with similar names where the brokers have identical opinions - i have mentioned this before that one site that St Tropez gave link to was only one I could find quote these opinions and neither could I find them on brokers own sites

I don't doubt there is plenty upside in LIM but I don't think those opinions relate to it - the site inputter have put in the predicted price for the labrador investment company and then percentage calculated on the starting price for LIM.

I looked this up when saw brokers seemed to be show nine hundred times increase (may happen who knows but i have never seen any broker give an opinion of that magnitude)

I do agree with you and this is only penny share I have done it with. It was not intentional but each time I looked like coming out news came that made me think another few months s snd we will be there
Bit like present scenario

Although must admit as I have researched the history i have developed an interest and perhaps indulge myself by keeping this one company.

I also enjoy posters input - I accept gthese are not best of reasons for an investment

Free capital - yes I do similar typically looking at last three years accounts plus company house search to see what pops out there

I also look (where appropriate) at dividend cover

I also am very keen on net asset power share having stripped out intangibles such as goodwill developments cost etc - none of which have value in a break up
I will also look at the working capital cycle and ensure that undue and growing reliance not seen on creditors as a turnover percentage. Clearly little of this is relevant in this case.
Where from the information available I have tried to access the upside against the downside and obstacles to success and positives.

I do agree with you and this is only penny share I have done it with. It was not intentional but each time I looked like coming out news came that made me think another few months s snd we will be there
Bit like present scenario

Although must admit as I have researched the history i have developed an interest and perhaps indulge myself by keeping this one company.

I also enjoy posters input - I accept gthese are not best of reasons for an investment

I do respect and welcome your optimism - whilst I don't necessarily agree to the extent of it

Because LTH do not always agree totally or partly with your thoughts that does not make them embittered - in my opinion - just that they have learnt from experience - what often happens here. Consequently if Jam today is predicted and they think that it will be jam the month after next - i see no harm in them ( or me) saying so

Many holders bought as you did seeing the massive potential and held as regularly optimistic predictions leading to new report after new report were made each better than the last

With production always just over the horizon

In practice a balance of opinions politely put with other people's different opinions questioned and clarified I thnk is where one of these boards can give value

For what it's with as a supposed ELTH

We know that Parys has tremendous assets albeit costly to extract or 30 percent go to QME. But we need to renember fairies our otherwise it will be extracted over a number of years not at once.

That said (although not for the first time) it does feel as if the ducks are lining up.

I still have a lingering feeling that those clever enough to get their timing right and trade the shares will probably make more than those that just keep them.

At 2.99 through nominee or otherwise i don't think you need declare presumably this is why kept below 3.00

Apologies i have re read the rule and does appear to say three per cent holding need notification

I don't know what happens if rule ignored but don't doubt some sort of penalty

Extract from London Stock exchange rules. Obligation to report threshold crossings
In accordance with the London Stock Exchange (LSE) rules, Panel of Takeover
and Mergers board (PTM) rules, an investor who acquires, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% of a UK Company, must, under the Companies Act 1985 Section 198, disclose their interests to the London Stock Exchange and the company, within two days. The company may impose sanctions if disclosure not completed.

I would read that to say up to 3% ok but more would need notification (whether held on nominees or not) and I seem to think company then issue RNS and similarly when holding hours up or down as per the extract

All good news i don't know at what point if any forward contracts can be entered into - because ideally would give opportunity to lock into prices ahead of delivery - obviously now not possible

A day or two the reverse happened also for a very large amount when a sale was shown a day late. Quite why either happenef that way I am not sure.

I was look for answer without success but came across an interesting and detailed explanation of whether transactions are classified as buys or sells (in practice for every buyer has to be seller and vice versa.)

But if interested if Google - idiots Guide to the London Stock Exchange's SETSmm - should take you there (sorry about title) it also explains why from time to time a poster will comment that their buy shows as a sell or the other way around.

It might not be the case for others - i am on that position but mindful others not.

Having been in other shares and seen others ruin their lives by foolishness or greed - whilst I like see this share talked up - I will sometimes attempt to inject what I think to be a degree of realism.
Perhaps I have gone soft as got older.

Thank you that is very helpful

I must admit it was the apparent brokers buy recommendations that caught my eye. But eventually reality kicked in and I thought the recommendations (although they do appear on a website) appeared too good to be true and unusual. Given that I can't find them any where other than that site - I think, but am not certain that they relate to the other company with a similar name and the website has unusually made a mistake.

Which leaves me to dowhat I should have done in the first place i.e discount broker recommendations and research properly the actual company.

At the minute my gut feeling is that it might be worth a long term punt-but I am mindful that price of iron will fluctuate prior to production and complications of buying and selling.

Thanks again

Like many I have followed the link to the website with the brokers reports

Brokers do not usually regularly issue reports on dormant companies and I was surprised when they did so on LIm
I have never seen brokers suggest three hundred fold increase in a share price either - they are usually more cautious.

I am wondering not withstanding that website states analysts opinions are for LIm if they have extracted them in error from opinions on similarly named Labrador Iron Ore which does trade at about 25 dollars and did have analysts opinions in October - two of which are the same brokers

I have been look at investing direct in LIm hence my interest

On the main websites of these analysts i can't find these opinions either.

I find it really hard to believe that an investment website could be wrong - but i can find no information any where else to correlate with theirs (don't get me wrong I would like theirs to be right)

Has anyone any ideas