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Yeah you've got thr and wsbn as the other contenders. Don't know ufo much. Aym might be a dark horse with all that iron ore in canada and sweden then the copper on anglesey. Two PEAS underway.

Anyway ECR probably only one with own drill and serious rumours of a JV. This new geologist is quite young, 38, but probably then still keen and will love getting his own share in a black and decker, step up from fisher price. Hammer time.

That's an EUA Mk II rocket. 5 months of suspension gives you a bit of time.

Pow is next EUA and possibly GGP.

ECR is next GGP.

There's going to be more GGPs then EUAs I think.

Based on

At least £80 billion iron ore in Schefferville/Houston/Taconite LIM - 6% of risked 5 percent £240million
£1.2 billion assets Parys - 100% of less risked 10 percent £120million
Grangesberg - random guess £40 million to round up to a pleasing figure

Total 400 million divide by current mcap of 14 x current SP = 188p + value added with proceeds in new projects. Maybe we could do a Gunsynd and get into Japanese Scotch or Sports Gambling. I'm a big advocate of the Welsh Scotch idea in these crazy times, and cheese rolling syndicates - as long as it is british cheddar, and done caerphilly.

Sheer asset and 1 x PEA (now happily 2) that's why I invested anyway when the mcap was 3million and added a bit more today to my holding which I lost some of in a panic due to the flappers on here making out the figures were based on a different company, when they weren't and crashing the SP for two days continuing with the RNS the market didn't at first like. The canada holding was only 50% of what I perceived on second PEA news but then I found there is over twice the ore I perceived in Canada, which are only early indications of resource anyway likely to expand. The dangers of buy now research later but would never have got in at 2p otherwise.

Claims on the LIMH site there is maybe 300 to 500 million quids worth of ore stockpiled in Canada ready to sell. That could be a good start.

I am wondering if freetrade is down because most of the crazy constant £2 share purchases had stopped early this morning. Or maybe if the students were still in bed at 8.30am

Thanks I'll sleep easier now, some misinfo I picked up on other boards then but pyrite is fools gold at least. I knew it didn't exclude gold.

Massive sulfide is always good, ultra-mafic, breccia, rhyolite. Know enough to know these are often good along with "huge mineralised system" or bonanza or mother lode. Pyrite not so good - fools gold. Anything pyro makes me a bit nervous.

I know gold can be nuggety, on quartz veins, alluvial, hard/soft rock or microscopic etc. Probably nuggety or alluvial is my favourite. Guess for drilling results ore or microscopic is the most reliable. Know alluvial is the cheapest to extract near surface with diggers and washplant.

I notice when CEO wants you to not understand the drill results that's when they turn to the esoteric geologist to pick out some really interesting features, and not explain them.

Looks like board might be counting on keeping the news as qt as possible and hope market dont notice. Isn't that same as 2018 drilling results never reported tdt used to bang on about.

At EUA Dmitry stopped being a director to take up a new role in the sale. Some said meant he was less required to declare info to market.

So it could possibly be a positive but this one seemed unplanned.

Shareholders need an explanation before they become ex SH.

I was looking at LIMH yesterday and even AYM are a bit casual about calling and mixing them with LIM (their subsidiary) so maybe we have 12% of 50% of the resources. They are not separate companies anyway they are integrated.

What I did seem to read was that there are in fact two 600 million tonne iron ore deposits near to each other, then the higher grade Houston project at about 60 million tonnes.

Some of the larger deposits are only 30% grade FE. Apparently ore above 25% is generally considered commercial but 60% is prized. I think it mentions with some considerable capex the ore can be made into higher grade concentrate above 60% which seems to be preferred by the Chinese etc.

Also the restoration bonds received back from the closure of the James mine, it would be interesting to know what the implications and size of those bonds were e.g. do they provide enough cash to start the next mine. Our RNS does not make it clear.

With a partner over their having wiped 250 million debt off the company expecting a return, I do still think an mcap in the hundreds of millions is not pie in the sky if this gets managed well.

Certainly if yo look at GGP which seems overvalued on it's main asset, but presumably gets a premium based on having other projects that then become much easier and the mgt having shown it can deliver success and an end to dilution. GGP does not have an operating mine and only 30 percent of it's main asset once Newcrest have fully earnt in though.

EUA also do not have their main asset in production, only near.

Especially with Grangesberg already advancing and possible new projects.

They've not even started 2 of the 4 holes yet but are working on technical analysis of the first two so don't think can complain too much or be too impatient. Agree positive results could see this fly, but perhaps lots of work to show is economic - unless the grades are such it becomes a no brainer. Possible I am confusing it with one of the other 8+ projects but I think it is known the stuff is there but needs to be shown arranged in the right way i.e. one big target or main zones is ideal. But there is so much else to play for e.g. the amazing silver grades in Canada or the gold in Oz.

Am I reading this right that AIM investors have been selling because the board has taken a punt on a gambling stock?

It can be good to diversify and most AIM investors would want to cover at least two sectors I think.

Does it show distraction? Not really it seems more of an investment company than a mining one so can't be terribly hands on anyway it's investments should have good people in them already to manage them.

I'm quite new to this one didn't expect this myself but might turn out a great move. It is the success of gambling firms that seems to worry legislators.

Think the divi news has sunk in on weekend maybe. Or extended talks helping.

*Mcap

Taken some today. Been noticing this last few weeks on riser board. Ccap only 8mill still. Some big buys couple days ago. The post below convinced me might be next metal share to pop.

Crashing out without a deal always sounded like the most attractive option.

6. Russian interference? Facebook campaign of fake news?

I was only just back in and mainly due to Adam. So I've sold while see what's happening. Remembering this was .65p last february.

When analysts and papers were saying buy Barclays and Lloyds on weekend thought would park some AIM profits here safely. Now feel's like been had and they've all been selling. Done worse than my AIM shares.

Regardless of anything said LIM last time was going strong AYM was at 80-90p. Then Parys is possibly 5 times improved and anything iron ore like grangesberg is the "new cash machine" according to some analysts. Minus any dilution since then but no more warrants to come at least.

I do believe overdoing the criticism caused a mass panic on this share last couple days and done no-one any favours. No matter how much the old cronies back each other up. They made it look like a hoax/error last few days.

If want to do well in shares spot the undervalued at their rebirth. Many who joined here are smart enough to do that even if lth want to attack new investors. Don't be the person sat here for 20 years growing ever cantankerous who in the end cost people more money and for a couple days were in profit now gone. The shorters will be trying to do that eventually anyway. Pump and dump will always get talked about but there is a genuine story here to get behind.

For me reading the RNS it's given a delay on news and slightly contradicts itself on what is good grade iron ore. In Canada there is loads of it but it is not in fact re-opening an old mine it's more complex than that and whether it is economic grades. It was useful because a lot of us UK investors/traders struggle to know how to follow Canadian stocks, that's why we follow UK as easier and better tax wise. We don't always have enough time before the price moves and opportunity gone.

I think at 5p this still looks very cheap at 10p it's a more even bet but 20 to 40+p is possible in time. Thought might keep dropping but looks like a mini renaissance since 8.40am - maybe due to the loyalty gained over the last 2 weeks by new entrants who want to back it not win pedantic arguments. I think just before xmas or january looks like next time it will have strong interest due to timelines given in RNS.

Unfortunately the panic of last couple of days made me sell half to crystallise profit. Now on free ride but lost few thousand since peak. Still want it to rise and looking strongly again in 10 days, maybe January.

Remember when EUA was 4p and some Russian journalist said "we don't believe in Santa Claus of course" but might be something in this.

More exploration underway. Let's hope for a field success soon in this hard times. Come a 6!

More bought than sold today, good to see that reverse. And new iis added to list probably hoovering sells past few days.

Its tough out there past couple days. Not seen it so tough for at least a week. This brexit deal needs to get over line I think.

But if we crash out pound weakens and ftse at least does well from that as most money made overseas. Spin any way you like and MMs and politicians and journalists always will to suit own agenda.

David Lenigas getting excited that wishbone have 2.4km x 400m magnetics as bigger than GGP/Havieron.

What about 5km at 3-400m then for us?

Bit of perspective maybe. Nice the stream sediments show near surface too all being well.

And then the uranium we signed up for will go into worsening supply deficit with the geopolitical landscape.

The news is yet to come so certainly can go again. Awful reading the squabbling this morning people shooting themselves in the foot or helping shorters out.