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We'll put Suzki, except, "To hold an asset for over three decades and not develop it makes no business sense whatsoever". If the BoD take a salary, then it is brilliant business sense! 30 years, for nothing!!! I don't think anyone could say they're going to do another survey and keep a straight face!! Lol.
Though I live in North Wales it would not be difficult for me to attend (I'm not) because I don't think anything will be gained from it. Jo & Co will say all the right words, make all the right noises, give a wonderful presentation etc. but at the end of the day I don't expect much if anything to change. Looking at the SP and the lack of daily trades it would appear that the markets / potential investors aren't interested in AYM and one has to ask the question why. Surely the potential is there it's been survey enough, there's going to be the demand or so we're told so where exactly lies the problem? To hold an asset for over three decades and not develop it makes no business sense whatsoever. Geopolitical / Economic situations are in constant flux but there has always been a market for copper and prices have been relevant to the economics of the time so surely the opportunity for development has arisen previously in the past three decades. One can only conclude that the present / past BOD (though little has changed there) are the problem. Two years ago I predicted that production would likely start in 2025, that date is looking less likely with every passing day. Please Jo & Co prove me wrong on all counts remove fingers from appropriate orifice and lets have this show on the road. Yes I will continue to hold but as a LTH I have to express my disappointment at the rate of progress.
Maybe someone could mention that to Jo in the meeting Suzki! Lol. I hope they might ask him why he got involved with Alien Metals at the same time he got in here too... (Note, that has also tanked since too!).
I know I seem to keep being negative, but I merely keep trying to point out, to the powers that be, that a dropping share price is (normally) directly connected to inactivity (But I don't think they are getting it). I hope the wait for Jo's meeting will have been worth it!
Good to see directors getting big share options again. We shareholders have to pay them handsomely regularly otherwise the company would go nowhere for decades....oh, hang on a minute. Anyway, perhaps a director could pick up a phone again and ring someone to do another survey ? LTH
Brentharg I can not come this time. I came a few years ago and met you. I was lucky enough to go down inside the mount on a plane trip it was well worth doing, I do not know if they still do it now, hope you all have a good day like we did last time,
We now have 33 attendees who have provided contact details: Brentharg, Vib6er's friends Martyn & Paul, Roddersfield+1, Chaingnam+1, Fatbod10uk, Monparys+1, Malcolm+1, Ned137+1, Angl1, ArfonMassif, Mysterybanks+1, Jonesy78, Railwayman2+1, h11toe+1, Anglesey+1, Roger B+1, BigKeys+1, James F+2, GradeController.
Another 6 people (BoomVanDerBoob, Boulevard252+1, Crapgame71+2) said they hoped to come but have not so far provided contact details.
"Southwesterner, good to see you back. Would you kindly give us your view on recent developments at AYM?"
Overall good leadership by Jo Battershill, shame about the share price drifting over the past few months, perhaps just a difficult market though, he still has everything to play for.
Making steady progress at Parys Mountain, this is really a potentially very attractive project when it is properly repackaged in a more optimised scenario, which there should be opportunities to realise this over the next 6-12 months. It will add significant value and credibility to the project to progress it through permitting and then a pre-feasibility study - but this will take time, more drilling and thus, more expenditure.
Grangesberg is a potentially interesting project, ticks a lot of boxes in terms of location and the direction of travel in iron ore sector over past few years, and particularly since Ukraine crisis. The high grade concentrate product matches well with future requirements for net zero carbon steel production in Sweden. And the PFS achieved decent financial metrics, although at an iron ore price higher than present levels. But the scale of work to move the project forwards is immense, and its a total mystery how a small team like AYM can move the project forwards and capitalise on any of this, and therefore the market ascribes zero value to this holding presently as seen by the total lack of reaction to the PFS update, despite decent numbers. Need to agree a fixed price to take ownership up to the 70% option, and then organise a spin-off with an experienced credible Board including a local management team, to get the attention the project seems to deserve, and to create any value for AYM.
Recent $4m LIM investment by Scully Royalty is encouraging, and underlines the 12% holding owned by AYM has some value, but not necessarily very much.
"Although not on the current BGS list, zinc is defined as a critical mineral in the 2022 US Geological Survey list. Whether or not the UK follows the US in designating zinc a critical mineral, the US view is clear."
Sure, but the US isn't offering subsidies for developing resources in the UK (at the moemnt) - and right now zinc isnt even on the UK "watchlist". I'm not going to go into the relative merit of the USGS vs BGS evaluation techniques for "criticality", but suffice to say the US list is much more extensive and includes all sorts of things like aluminium, barite and fluorspar - that the UK doesnt seem to have even considered.
Good point, Troajan. Although not on the current BGS list, zinc is defined as a critical mineral in the 2022 US Geological Survey list. Whether or not the UK follows the US in designating zinc a critical mineral, the US view is clear. (Copper is not on the US list but could be a candidate for the next revision).
Those shareholders who live on Anglesey might want to write to their MP Virginia Crosbie and suggest that she throw her weight behind Government support for AYM in line with this sensible new initiative. Every kilo of home-produced copper is a kilo less imported; a small step towards the nation’s security of supply.