Member Info for PIface

Parys PEA was said to be end of november so even sooner.

I think both prospects have very good potential if prices can remain where they are or even just close.

It was announced in October and things started to move then there was a placing. Then it just looked like people could wait till now to get in. I decided to hold then added a bit on the dip it looked well set up. The Labrador PEA was a welcome surprise.

I hade done very well at Alba also in Wales but neither are my main holding which is in an FSP having gone from 0.4p to 38p at peak. Once that sorts out I would be more well versed but quickly grasped the overall situation. And yes everyone tried to short that at 4p and call everybody criminals etc as it looked too good to be true but wasn't.

I like the sector and it has done very well since lockdown. My feeling is the either the vaccine has cooled it a bit or the MMs have not got the memo and the good news has not filtered through to metals yet. This is main listing but notice it is .xlon and has MMs which seems to explain the crazy large spread at times. Google not giving me much but think it's one of those hybrid listings perhaps. So we still going to get games and random dips.

New PEA for Parys mine is expected around end of Nov and contaiened possibly a 500% increase in resource with the general more macroeconomic increase in prices of metals since their doldrums 2012 onwards when many projects got abandoned or taken up by juniors to carry the flag. Now seeing the resurgence as other sources run out, oil wanes, electricity/renewables reigns.

So this was going to rise from mid Nov anyway but got a brucey bonus the arguably bigger Labrador Iron mines is also doing a PEA by year end so that's newsflow. We have 12% it has risen 400% or more in Canada last week I think. SP has been 90p here before probably why we have a main listing and that was last when Labrador looked strong before the bad times for metals.

Then there's Sweden also Iron Ore where we have up to 50% ish. Read last couple RNS's that aren't PME.

12% of Labrador Iron mines sorry just read the last RNS again.

Yes but the Labrador Iron Mines is just as important that's gone up 400% or more since lookign like re-opening. Share price was at 90p here last time it was. We have a smaller holding of it now (10% vs 30% but not sure if I read options to expand). Then there is Sweden.

Nice to see the spread at 4% makes things look much more attractive hopeful for leg up. Think with Parys PEA coming end of Nov people been waiting to take positions now starting to. The LIM PEA was a complete bonus along the way and potentially massive for the SP when complete or it starts to get noticed this side of pond as well.

Was not bad here until David Icke II turned up yesterday with such heinous crimes of directors maybe participating on BBs without proof and his tales of deformation for which I think he meant defamation. D Ickes like him probably cost people more many than anyone and make u just want to sell and go to another share without the BS.

https://www.proactiveinvestors.co.uk/companies/news/933911/proactive-weekly-mining-highlights-power-metals-red-rock-resources-jubilee-metals-condor-gold-caledonia-mining--933911.html

They are "market makers" look for interviews with them on youtube etc. to get an insight into how they work I am not armed with a lot more than that. I think it's not black/white. If the thing at minimum fair value were to be worth 60p the MMs in AIM could let it go to 150p but like in politics you would never win. People would be screaming blue murder if they lost money on the sale and demand investigation. So you could argue its paternal approach or just pricing in risk until fat lady singeth. It's always going to be the case that those nearer the trough will get a better smell of what's in the trough. To some extent you've just got to DYOR and see it like part of the game/risk/reward. The BOD and our broker themselves may be giving off a fair whiff of where they want the price to be so as not to price themselves out of a sale etc. That's especially so when they are being good boys and not selling off their shares early. You might see this as some consumer protection in the riskier small cap markets with MMs. The main markets do not have MMs they just go off supply/demand but then usually the stories are much more well covered and scrutinised.

MMs have lots of tricks and will fill large orders on the side and be in discussions with company broker getting hints but don't see it all as set up for you to fail.

Well maybe but when a share is up 40% or more suddenly it's fair enough people get a bit excited.

I think it could well 10 bag. There is a huge resource there and the Chinese probably have the funds and will to prove it up to reserve level. GGP got a long way with 20% of a huge resource carried by a major.

So the 6 million could easily become 60 million in theory. Then we have the very new Zambia project, Argentina, etc.

I've been watching this and was in and out before but came back in today because I've seen it higher than when I bought.

It would be nice to have some real detailed posts from LTH who can flesh it out more, like I have seen at HZM and EUA over the months.

In time they might be right e.g. GGP

Does seem a lot of buying and chunky kippers landing on deck think there might be something in the old ii buying 30 million by end of month rumour yesterday. Lot more bought than sold today and those many £10k plus blue trades are noticeable. Some going other way but many pis sat on 6 figure amounts been here a year getting itchy feet. Once those have bought all the gadgets and luxuries they require for the endgame could get interesting.

We ordered thirty fresh oars and were sent dirty fresh *****s instead. Every cloud... rhodium lining

Do we small a shorter here?

Plenty going on with very exciting targets mcap still low, some ii or industry investment this recently. Happy to hold strong and will add when have chance.

Yes exploration companies very often do not have revenue. They are listed to gain finance for exploration too. When they have done the leg work they prove up a reserve and mine plan ready for a mining company with more expertise or clout in that area. That's why moaning about placings and revenues from people who venture here from their Aviva shares they got with their mortgage don't understand. Dry spells can last easily 10-20 years but look at EUA etc can move quickly when conditions are right. They even hold back some results usually so that when they are bought the data has not become stale. They leave the option open to mine themselves if they can, possibly with partners and that helps in negotiations.

AYM have 3 main projects and 2 of them are having new PEAs. One used to be the largest copper mine in Europe and another is a stake in a Canadian iron mine that when it was last hot took the AYM SP to 80/90p. Sometimes it's just a case of waiting until other mines have been exhausted and it's your turn, or there is new political will or impetus. Then the payday comes.

People know people who know people. Our broker and advisers will chat in the office. Our broker will be talking to MMs and well tapped in. Minions will be photocopying documents. The bidders bank may be notified day before. At Sirius jumped over 20 percent day before deal announced out the blue. But it's not for certain.

False drop.

When you finish high on an uncrossing trade it often falls immediately next day but if somebody wants this many shares just was hoping it would keep at 30p ish.

Auction at end of day on level 2 someone had a direct market order out there for 1,000,000 at 30p like on the auction I posted. There was a trade for 250,000 or so, or maybe 2 they aren't forced to pay that full price. Either way didn't look like enough people wanted to sell at that price so if they still want the shares they will be back trying tomorrow quite possibly. But it's just observation don't know for sure what happened.

You are talking £82k and £37k though the late trades there was one sell and several buys totalling over £200k