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Drat, I feared that the date change might make it impossible for some to attend. Jo has sent his sincere apologies (he has to travel on or around the original date) but the effect on the numbers is significant.
Here’s hoping that others will not find the date-change an insurmountable obstacle.
Hi Brentharg, sorry can't make new date - still in Germany then - my plus 2 mates should still be attending if OK.
Looking forward to hearing about the visit nonetheless, thanks for your efforts to date.
very sadly I will not be free on that date. Have a family birthday on that day.
Apologies
Sorry, folks, but Jo has had to change the date of the Parys Mountain site visit from Sat 17 September to Saturday 10th, a week earlier than previous. I hope this won’t cause too much trouble. My wife had made plans around the original day and will not be able to join us now.
Really sorry about this, but I’m sure that this is the last bit of chopping and changing.
For the visit to Parys Mountain we now have 33 attendees who have provided contact details: Brentharg+1, Vib6er+3, TeslaTrooper, 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
Another 6 people (BoomVanDerBoob, Boulevard252+1, Crapgame71+2) said they hoped to come but have not so far provided contact details. Easily rectified by emailing me at brentharg@aol.com.
Thank you Brent for your work, as TeslaTrooper says, it is much appreciated.
Numbers now stand at 33, with a further 6 still to provide their contact details (Crapgame71, Boulevard252 and BoomVanDerBoob and their +1s or +2s).
Your efforts are greatly appreciated sir.
Good news! Jo Battershill has set the date for the site visit to our wholly-owned Parys Mountain Mine near Amlwch, Anglesey.
He will surely be issuing an agenda closer to that day, and will want to put his own stamp on the event rather than slavishly following the format of the 2012, 2013 and 2017 visits.
On those previous occasions we have had a positive cheerful atmosphere, which does not of course preclude asking hard challenging questions. Those previous visits have kicked off at 10:00, lasting for about 4 hours. There has been a talk by the CEO, with contributions by other Directors, on how AYM intends to bring Parys Mountain back into production, also the company's other mines in Sweden and Canada. These presentations have been either in the Copper Kingdom heritage museum in Amlwch or in a hotel. At the mountain itself we have been shown around the ancient workings on the E side of the B5111, and then on the W side of the road the dilapidated winding gear atop our Morris Shaft.
We have seen core samples, neatly labelled and laid out in trays, and heard from a geologist how rich are the various ores in copper, zinc, lead. And how the valuable metal-rich seams are distinguished from the worthless rock surrounding them.
We have heard about the essential sequence of events in mining which must be pursued in the proper order, with items such as finance, exploration, planning, permitting, recruitment, safety, transport, smelting. (Impatient people like me who mutter, "why can't they just send in a big yellow machine?" come to understand that it ain't that simple!)
31 shareholders (current or prospective) have provided contact details, thank you.
A further 8 say they wish to come, but have not yet provided said details: Bigkeys, Crapgame71, Boulevard252 and BoomVanDerBoob and their +1s or +2s. They should email me at brentharg@aol.com. I treat this info with due discretion, revealing it only to Jo Battershill.
of month tomorrow....just saying : )
GLA
Still holding....
How very odd, another red day! This is odd, given that nothing has happened..... EVER! #FARTOOSLOW
It's first option, but that price will be driven by the scope of the studies that bring about the decision to mine. Therefore it is no point guessing now what that price may be - save to say that the value of the material under the surface in Sweden is far beyond what the share price represents it as today. I would imagine the actual price will be determined at the time of transaction between the BOD's of both organisations for the mutual benefit of each set of shareholders.
George
Yes i am coming to the belief that Granesberg is the slumbering unkown giant in the background - with LIM and Parys to large extent potential can be seen.
With Granesberg I dont think quite so clear but given AYM relatively modest capitalisation I think / hope the value per share could be quite high .
I have a thought that possibly Granesberg being lined up for sale to provide capital for Parys not unlike Lim all those years ago.
In the meantime debatably better to hold option there - with upside potential - but not having significant part of ongoing maintenance costs.
Ignoring what the option terms may or may not be - however you look at it AYM would need to be bought out - of their actual owner ship and the option for a sale to proceed.
So Georgie, what are the terms?
Do we only have first option or do we have a juicy purchase price? It sure makes a big difference on potential funding?
The basic agreement on ownership and potential rights are listed on the website as far as I remember, don't think they have changed in some years. As well as Sweden, there is Labrador in Canada that they did actually get into production for a period in 2011/2012 and the share price shot up to 92p... Grangesberg is the main reason I am still here, Parys is a bonus given the recent momentum and Labrador is still there. A couple of years ago they also mentioned other opportunities in an RNS, so that would be more cream...
Bob
I have asked several times recently about this option and it's terms, up to now it would appear that that the important terms and conditions are not in our domain. If you scroll back through the RNS history there are various references, but clarity there is not! Does the Agreement have to be reinstated each year and what does it actually entitle the holder to, first offer, and how would that be funded?
Without the detail it's very difficult to assess the actual benefit and what it's worth.
Looking forward to meeting you in September.
Best wishes,
Roddy
Does anyone have any thoughts on Granesberg given AYM p[art ownership and option for full control - at whatever the terms might be - if any interested party then value per AYM share could be more significant than I had previously thought .
Slim, no I didn’t telephone Jo. When the news of Bill Hooley’s death broke I thought it wrong to call Jo immediately about the mine visit. On 15 June Jo emailed me asking if w/c 12 Sep would be a suitable week, to which I replied yes.
Hi Brent, You said you intended to speak to Jo, to confirm the visit etc. Did that happen?
sorry missed a line out above - if each of the 200 possibly mention on average to 5 that takes us to the first 1000
I would think that he would have an interest in the meeting going ahead
The 40 odd shareholders who plan to attend are clearly quite keen on the company to make the effort
If what they hear is favorable they may top up - in itself probably not large volume .
Perhaps more importantly if each discusses with five friends that takes awareness from visit to 1000
Potentially if any of 1000 interested they may in turn discuss with couple friends - say some do some don't so average just one more each then another 1000 . Word spread to 2000 plus .
If they are not in habit discussing shares normally with friends, quite likely would on this occaision mention trip to the Island and then why.
As we know some people buy as a researched investment - others like idea of multi bagging on a penny share.
My figures are clearly drawn out of air but I don't think too unrealistic
All of course depends on Jo.
In essence what I am saying is that the ripples from the meeting could well be well in excess of what might be expected.
Whilst share remains high risk we can see what worst downside is - 3p per share . Upside on other hand in my opinion several times that .
I'm afraid we don't yet have a definitive date for this gathering. Week commencing 12 September is now looking likely, but whether weekend or weekday is Jo's call. The weekend would doubtless be more convenient for shareholders, especially those who have work commitments and who live far from Anglesey but, as I say, it's Jo's call.
For the benefit of newcomers, our CEO Jo Battershill will be hosting a visit to our Parys Mountain property on Anglesey with its vast copper / zinc / lead reserves (plus significant silver and gold) where further exploratory drilling has recently been conducted. 37 people have so far expressed an interest in attending of which 31 have provided contact details (a prerequisite). The list is not yet closed; others wishing to attend should email me at brentharg@aol.com.
150k buys and 60k sells, price goes down...??
https://www.reutersevents.com/renewables/renewables/sweden-leads-charge-green-steel-projects
Sweden has the renewable energy in abundance for green mining. They are building green steel processing plants, using hydrogen. I’ve noticed 3 in articles so far, probably others. Close proximity to Germany, 4th largest car manufacturer after china/usa/japan. On average, 900 kg of steel is used per vehicle. Throw in EU’s push for green production.. and you get the idea.
http://www.nordiclabourjournal.org/i-fokus/in-focus-2022/theme-the-reindustrialisation-of-norrbotten/article.2022-05-25.5416239576