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Assuming no developments by the summer, I shall notify the BOD in late June of my intention to raise a formal Motion for the liquidation of Parys Mountain. I shall monitor the individual notifications to those shareholders who have expressed an intention to support the Motion: my point being that the opportunity to vote must be extended to each shareholder without any people 'slipping through the cracks'. Even if this happens - if people don't get that request to vote electromnically via their broker - I am pretty certain that their vote can be exercised by simply sending a letter to the Chairman in advance of the AGM or indeed by turning up in person.
Given that Juno's shareholding is substantial, the Motion would be defeated if Danesh Varma is against it. My aim is rather to bring the BOD to the same conclusion as most PI's - that there is no prospect of AYM ever bringing Parys Mountain into production and thus this asset must be sold to somebody who does have the get-up-and-go to make it happen. The asset will be transformed into cash, creating some sort of shareholder value - ideally a healthy return on what folks have invested but, failing that, trimming their losses.
Ive never heard of that kind of purchase 8-)) however I have heard a few LTH say that after they have been stuck here a few years, yes you are right, when positive news hits this will sky rocket (IMO) as people scramble to get in, with very little free float
doubt it, usually would see a furry of buys (not just 3) if there was genuine insider info - I'd expect a bugger purchase - that said nice to see someone still buying - in alot of ways this is still worth a punt - if I had spare cash id be very tempted to top up given the potential here - and in a worse case well, we still own the asset... - Plus the share is very illiquid given relatively small float - if really positive news did hit (i know i know) then SP could see an outsized move quite easily....
Apart from Bill & Co are there any other major/institutional shareholders? or are the issued shares held by small shareholders and I suspect a large number of brokers. As for the sale of AYM who would the potential suitors be? Divermike estimates a value of £50m equaling by his estimate 26.73p per share,is this for Parys Mountain or do'es this figure include AYM's interests in LIM and Grangesberg,would LIM/Grangesberg be a separate issue not necessarily of interest to a potential buyout company and if so what if anything would their value be to shareholders.Who would they be of interest to? At 26.73p per share it would be happy days for me, not enough to buy a new motor but I could certainly upgrade from the mountain bike.
The silence is deeply frustrating... but could it be that we're simply unaware of the herculean efforts being made by the Directors? Perhaps plans to bring the Amlwch mine into full production are at an advanced stage and will be announced shortly? Perhaps the mine will be opened by Elvis, riding up Parys Mountain on Shergar? (Failing that, I'll vote with Brent...)
One can’t get blood out of a stone. Assuming the BOD is still catatonic next September I hope you’ll support my intended AGM Motion that Parys Mountain be sold off and the proceeds issued as dividends to shareholders.
Six weeks in to the year , ZILCH,NOTHING are QME still on board?have the BOD all succumbed to radiation sickness from all the waste dumped inside Parys Mountain and therefore no one is in charge.It's beyond a joke now as well as taking the proverbial,even the sages and wise owls who post on here have been remarkably silent of late.Are there any optimists out there or have we all given up?
Thank you for those responses, folks. My view is that the authorities will either overdo their reaction (and kill their economies) or underdo it (result: pandemic). Damned if they do, damned if they don't. Some facts: a. Annual flu kills 400,000 worldwide. b. It kills the very young, the very old and those already in poor health. c. The 1918 Spanish flu pandemic killed 50/100 million, killing large numbers of young healthy people. d. Coronavirus appears to be killing 2% of those affected, in contrast to SARS which killed 15%. e. Coronavirus seems to be killing the same profile as annual flu rather than the Spanish flu victims which is reason for optimism, however the famous whistleblowing doctor's death in China says the reverse. f. Death rates day by day are NOT rising exponentially - daily rise was over 20% ten days ago, now down below 12%. So my tentative view is that the single biggest lesson of 1918/19 - that of the importance of isolation - has been well learned, and hence there will be no worldwide medical catastrophe. But the Chinese economy is taking a massive blow, with inevitable knock-on effects for the rest of the world. (You might say, when China sneezes the rest of the world blah blah blah.....). If this epidemic triggers a deep recession there will be a human cost on a greater scale than a few thousand Coronavirus victims. Unless the incubation period is several weeks (which would defeat isolation attempts) or Coronavirus sends the immune systems of the young and healthy into overdrive (the 1918 millions drown in their own lung fluids) I reckon that this epidemic will ease off in few weeks, letting China get back to work.
I have thought for some time that the numbers do not add up. In that mathematically the numbers of non known chinese infected in my opinion are higher than would be expected if the figures for infected people in China are accurate. I think there maybe one to two hundred thousand infected there not the number quoted.
In China it will burn itself out eve tually. Here i think it will depend on containment and monitoring of flights in. I think there are several thousand british ethnic chinese in china who have not yet returned after the chinese new year. How this is dealt with i think will be important.
On a separate trivia note from memory the are over 100 chinese cities bigger than Birmingham
Ok, Chinese scientists will discover it first started out in the "United states of Trumpland" they will accuse the CIA of spreading it, of course there will be all the usual denials, someone in a bunker in New Mexico with his finger on the big red button will sneeze, inadvertently launching the 1st strike, China will retaliate, Nuclear war will ensue, the ice caps will melt, flooding every where with sea water all the existing steel in the world will rust away causing a massive demand for Iron ore and Zinc and we will all be Billionaires sat in nuclear wasteland, sneezing into our hankies ........ well its not all that bad 8-))
Quite aside from the common interest of posters in this chatroom in the fortunes of AYM, I have long enjoyed some of the ‘off-topic’ banter. Poster Trev2 would have it that such discussion is inappropriate, and chastises others for straying from the business-at-hand. I often think that those who bandy around the word ‘inappropriate’ use it in the sense of ‘not what I want’ - the first-person ‘I’ being some kinda self-appointed boss man.
Anyroad up, I propose a new compy, albeit one in bad taste. Contestants are invited to speculate on the eventual outcome of the Coronavirus outbreak - its medical outcome; its effect on economies and cultures; how historians will describe this episode in future decades.