Hello all dont think Ive posted on here or if so it was some time ago. Was lucky to drop my average yesterday at 10.29 after the RNS before the rise, however still in the Red having purchased in the mid to late teens when it dropped from the 20s.
I was up late last night on youtube listening to the Shaun Day LSE interviews.
It certainly seems the "loose ends" as discussed could have been partially, combined with poor market sentiment the reason for the SP to languish and drop recently. However SD is correct and the drops have been across all miners.
Without getting ahead of myself it seems this could very well see a sustained rise.
This along with AYM my 2 long term holds, So much like the rest of you I would like to see this smash well beyond prior highs of 36p.
GLA
I could not resist. Im sad. However in all seriousness great news and good to see us in the blue again. Good luck everyone as always especially LTH
very sadly I will not be free on that date. Have a family birthday on that day.
Apologies
Your efforts are greatly appreciated sir.
I hate seeing no posts for days on end. Be good to build a rapport with each other now. As from experience inevitably when this does rise and imo it will certainly do so in the near (hopefully) future, all the scoundrels and message board trolls will crawl out of the woodwork and descend into chaos.
Enjoy the quiet relaxed discussion while we can :)
When Labrador was running, this share reached 92p and it was nowhere near as strong in terms of what's under the surface.
Yes sir yes indeed. There is vast potential in this share. At the moment the caveat is "potential"
What keeps running around in my mind is a "What IF". IF grangesberg, Angelsey and Labrador are all running producing mines. What the actual F would the SP be then. And at current rates too.
Apologies to some of the other messages I did not reply to it appears rude. I get time when possible to jump on the desktop to post on here. I read the replies :).
Normally I would be irked by the placing as it brings the price down initially and for me into the red (average of 4.2).
However the reasons for the placing and the encouraging signals it is sending out, means I view this as a positive. I dont want to call it and have egg on my face later down the line, but I really think this time round the company will push forward to a producing Parys Mine.
The encouraging sign that Jo purchased some shares above 4p and the debt restructuring not only brings the debt down to Juno but also that they are happy with shares rather than money.
I think those of us with patience and a long term view here are going to be handsomely rewarded.
Dont know if anyone saw the news today regarding EV and Musk/Tesla. Was saying that buying a metal mining company was not off the table.
I was more drawn to the broader background in the article yet again highlighting the pressure on supply of metals such as copper nickel etc, and the inability to meet the demand for EV in the future. The inevitability is if supply is not increased there will be further rises in the value of such metals.
I dont mean to be messianic in my next comment but its food for thought. Maybe the delays of the last decades in AYM specifically the Anglesey mine in some ways has been beneficial if indeed the external economic factors and metal prices are so favorable.
If timed correctly and we see a future of the Angelsey mine or indeed the Grangesberg mines producing, along with the labrador stake and any potential further acquisitions in the future. The aligning of the stars may prove extremely profitable for LTH here.
Although there is not much activity at the moment there is a reserved excitement on my part building for the future of this company.
Be interesting to see some broker price targets.
My early days trading on Aim in oilers, the broker target prices helped bring in a whole raft of amateur investors by providing some tangible target price. I noticed on occasion it remove some level of volatility to encourage a slow build up to tp, rather than wild speculative buying mirrored by free fall.
As an amateur investor myself with a sizeable holding for the long term it also provides that much needed information of what would constitute a reasoned future price target.
Also potentially by appointing as a broker you bring in institutional investing. Either way positive vibes are being put out there at the moment.
Was about to post the link as didnt see anything on here this morning. My view inevitably skewed however seeing the article and reading the wording carefully, we hopefully are in for some consistent and somewhat frequent updates coming.
Fantastic to see things moving along.
Very interesting. The internet is a treasure trove of information. Thankyou for sharing that with those of us with limited time or not the most tech savvy, it is greatly appreciated. Things are steadily moving to a logical conclusion. Sit tight folks our patience will hopefully be rewarded in the future.
It certainly seems as well this is ticking up nicely. I would not like to see this spike up and retrace like it did on the last jump to the 8p or so level. It will only take some more buying pressure to see this move up more.
Was going to post this morning however for some reason i can only access via the desktop. Cant remember password.
I could get a 4.13 sell this morning.
However on the broader point of the purchase of shares by the CEO, I think it inspires confidence. Normally the "sures up confidence argument" mentioned on these message boards countless times over the years over various shares Ive been in or traded.
Quite frankly mostly ive seen it mainly as a self interest aspect in that shares are bought when the share price is depressed.
However in this case and Jo purchases I personally (may be wrong) infer several things from this. The first is the price paid being over the 4p level. If one looks at the history of AYM this has historically languished at much lower levels. The willingness to purchase at this price even in the context of the recent bouncing below the 4p level suggests that the CEO believes the SP will be multiples of that share purchase. It certainly is starting to feel like "this time is different" in terms of progression on the Anglesey Mine.
I think tied into this from what I have seen from interviews and from his "hitting the ground running" so to speak with his appointment, I genuinely believe he is committed to the project seemingly on a personal level. From my own point of view everything im seeing of this ceo is positive and there seems to be a bit of a buzz building around AYM.
I can only infer such things, and I cannot truly know what a person is thinking or their intentions. But over the years im sure we've all been invested in or at least traded in shares were the ceo has been less than capable or there is some concern over their committal to a project or company.
I think if that site visit is organised it would be a great way for us to meet the man and those who have never seen the site, actually take a look. At the very least shareholder engagement is refreshing to see.
I do not wish to be accused of being a ramper and as always I wish for anyone to do their own research. But it certainly feels like an exciting time to be a LTH here.
I would have interest in this also. If I plan to sit here up to 10 years in a project I believe in it would be great to have a site visit.
As in I would like the sp to remain under 4p so I can utilise the full allowance in my ISA in the 2022-2023 tax year.
Long term hold hopefully for a cracking result one day.
I could indeed be wrong. Did a dummy buy and price quoted was same price as the £8k this morning. It could well be indeed someone is accumulating shares daily and getting them in early in the day. Staggered purchases as to not cause a any major tick ups in the SP.
Im just hoping the share price does not go above 4p before start of new tax year. I want to allocate my ISA allowance on more AYM and was hoping for below 4p.
I noticed another one came in this morning. I did a dummy buy being offered 3.84 and a dummy sell being offered 3.73. I would hazard a guess the 3.70 this morning is a sell.
I would like to say buys, mostly as I want them to be buys. Around that time I did a dummy buy and was being offered 3.79
Hopefully this can sustain itself above the 4p region in coming weeks. A little bit of buying pressure is all that is required, hopefully the Aim submission will aid this by bringing in more investors. All it takes is an additional 20-30 private investors to start soaking up some of the shares in issue, which at 248 million can cause some nice movement upwards.
I note also copper seems to be creeping up this year, hopefully it will continue.
I think its slightly more lol its just over 5 million shares total.
I trade the market by instinct. Buy on dips and sell on the highs. The strategy has brought great success in my first stint between 2009-2015. I stopped trading after I took a big hit on an oiler as it knocked the wind out of my sails a little bit. Decided to be happy with my overall wins over a 6 year period and focus on the day job.
Opportunities seemed to arise on the market again in 2019, and then inevitably with covid there was the potential of some good recovery plays.
I have made some good wins in the last 3 years when I shouldn't have purely on timing. Ive been incredibly lucky in that sense, but I dont want to repeat the same mistakes as before and wipe out a significant portion of the wins.
Instead I believe I have found a relatively low risk opportunity in AYM to invest for a long term hold for a win bigger than any of the combined years trading. Approximately 60-65% of the investment is from wins on the market the rest being additional investment. I need a win on GGP in the medium term to mitigate that risk even more and then potentially add to the Aym holding or exit those funds from the market and sit on the aym holding for however long it takes.
I believe that Parys has to be mined at some point, the asset is becoming more valuable. I think the question is when not if. So at these purchase levels it to me at least seems like a no brainer. For me the opportunity cost is whether money is not being made trading over say a 10 year period that could have been made, but is instead sat in AYM with not a lot happening.
However equally any number of potential trades over a 10 year period could equally yield potential losses. According to my calculations a potential of AYM producing in the future and a potential sale of my shares would dwarf my current yearly average trading profits over a 10 year period. Thus again highlighting the immense opportunity potential by being invested in AYM.
In terms of my own share holdings. I do not intend to sell on peaks and buy on dips. I instead plan to release segments of my holding at various points. So say release 500,000 shares after each share price is hit over time. At which point that starts is entirely dependent on the ongoing situation.
In an ideal world I would like to release my share holding over time with an average sale price of at least 50p.
And I guess while people may say that is pie in the sky we have been at 80p before. I honestly believe its a case of sitting and waiting again.