Insulting other investors does not help a share price. In May 2014 AYM had the option to acquire a controlling interest in the Grangesberg Iron Project until 30th June 2015 by issuing new shares in AYM to the value of $1.75M @ 3.375p per share (the lowest price) thus would be a premium to current prices. The company for whatever reason has not issued any update so far on the deal so no point repeating the same info. I never said 3.75p was coming.
.......Company Report for Six Months Ending 30 September, 2014.... posted online 26 November, 2014, recording an un-audited loss of £880k.. So did I miss the report for the Six Months ending 30 March, 2015? It is unrealistic to expect meaningful and timely communication from this operation ...and expectations should be re-set accordingly. Blindly exercising investment options is not a strategy to be encouraged. There is no evidence to indicate that this leadership team are capable of strategically sensible decision making. It could now be argued that we have now sunk to levels of mis-management that require more than a plea to "Bill" - who probably never visits this web site ..or the actual sites.
Hi Brent, good to hear from you. I don't know about you but Bill is trying my patience. We never really hear what is going on and in this instance, it was quoted months ago about the share option at Grangsborg being by 30th June deadline. Even if nothing happened we should have had some statement from the company by now.
Well, with no grand announcement yesterday I think we must conclude that no news is bad news. It is surprising that no statement at all was issued on what I assume was a decision not to exercise the option to buy a controlling stake in the Swedish business. It may well be that a no-go decision was the best decision; a sensible and rational decision not to proceed. But why march a thousand men up to the top of the hill and march them down again? Explanation please, Bill.
in acs to sep 2014 directors salaries were relatively modest with bill getting 60k - although as you say whether that is value to company depends on what he is ding predictably there are a lot of share options stacked up
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