focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
The 'June' deadline,as discussed many times on this forum, was ambiguous and clearly misconstrued. They said they would receive the results for consideration by end of June. On reflection, it clearly different. As also discussed within this group, funding shoild become pretty easy once we have a proper report detailing the figures and potential revenue from efficient production. That is due by the end of this month. Now I'm not one for expletives, but you and your little chum seem to focus on certain questionable points to de-ramp a stock you're not even invested in. Why so much effort? Are you the saving grace sent here to save us all from our bad decision making? I also sense a hidden agenda.
Near 20% spread is a bit misleading, actual spread is much shorter. Can buy at 4.35p and sell 500k at 4.15p...
Mostly on NEX, but some nice round number... Think there'll be plenty of position taking over the next week or two.
Hi MM, Fair point, I should have written 'relatively short space of time'. There is already a lot of equipment in place, it just needs upgrading. Plus the infrastructure is already there. 3 years? I'd have a very, very large bet with you and take the under on that time frame. In regards to use hearing rumours of partners or even having one lined up, all I can say is Bill keeps his cards extremely close to his chest (as we've seen). If he had someone lined up, I don't think anyone would hear about it before an initial RNS was released. He's an old school CEO don't forget, not one to leak a bit of info for his own financial benefit or whatever...
I think this subject is right to have been brought up. However, I definitely don't see it as a huge stumbling block and nor do I think it should provide shareholders any concern at all moving forward. Firstly, I'd like to point out that most on this board [I'd hope] are very aware that AYM does not have the finance in place to bring this project forward to produce - that's no surprise. However, AYM are funded to complete the current works on the report and we have a low cash burn. So, there are no concerns on funding right at this minute. Also, AYM is not on AIM, so we're not just going to be diluted to sh*t unless it results in a very positive outcome for the company. Personally, I’d always thought the intention of the revised report for Parys Mountain was to include an incredible amount of 'up to date' detail, which will act as an outstanding marketing tool for the company. Bill and the team will be putting together, in black and white, a full report which not only states the full value of the current resources, but that also states the most cost-effective route to market. This, in turn, will offer a very detailed review on how much profit Parys has the potential to make at low risk. With this in mind, it will provide a beautiful, all singing all dancing banner saying something like: 'Hey Mr Big Miner! There's a worldwide Zinc shortage at the moment and prices are rising due to the demand. You know who has a shed load of Zinc sat in the ground which is pretty easy and cost-effective to mine? WE DO! Not to mention we have huge supplies of other metals too!' I think the report will offer excellent publicity and potential JV partners or financiers pretty damn swiftly. As discussed before on this BB, Bill has been in the industry a very long time and will have plenty of contacts. Once the report is released and finance/JV/whatever is sorted this can be a production mine within a short space of time and generate huge revenues of potentially $100m per annum with low risk. This company is currently valued at the measly sum of just £7.5m…
Hi Taff, this isn't AIM market, but I guess a lot of the swings driven by sentiment reflect very similarly to that of an AIM stock!
Morning guys. I think some long termers will not have even seen the RNS yet. It can be a very sleepy place in the AYM community! Positive sounds from the BOD. Costs of getting the mine to production are 'lower than expected'. They directly address the communication issue and explain why they're not rushing the report (big step forward imo). Lots of other detail included in this release that they didn't need to and shows they truly are trying to maximise shareholder value. In my opinion, and I've thought about our correspondece with Bill as well as the RNSs, is that the market has today reacted as expected. I now think Bill didn't even mean to imply that the study would be released by end of June, more that they'd have the findings to look at before updating the market. This has pretty much been confirmed in the RNS. So, just a 2 - 4 week wait left before the final report which we've been waiting an eternity for. Let any sell off happen, I'm looking for more. ATB.
Agreed. I think most have accepted that the end of June may be missed. As others have discussed, I think the wording within the recent RNS is a bit ambiguous. It doesn't specifically state that news would be released by end of June. What it actually says is they will be able to review the results by end of June. I guess this means they will need some time to mull it all over and write an official report which can then be released to the market. I'm going with news 2nd week of July and I will be making the most of any dips in SP, so please SELL AWAY!
Is extremely strong since that poddy. NT to buy with current spread, they need to move it up soon!
Yeah, didn't expect that. Early signs pre-market were strong, but good old AIM sell off strikes again.
Looks like a little gap up on open. 2 MMs sat at 1p and 1.05p... fingers crossed for a decent run early doors.
Agreed. That NAV is a significant premium to the current SP and it's difficult to be ignored. 1p today I feel.
Lol you serious?! Maybe take a look at the rolling daily averages :o)
$85m potential profit ANNUALLY. Market cap here of around £10m. That's incredible.
Welcome back Taff. We're in two together now then if you include N4P (which I assume you still hold plenty of?). All the best chap. 15p - 20p here in no time once news lands.
When compared to the ridiculously low sub £9m market cap, our stake in LIMH must be worth a decent % of our current value. Although Parys Mountain is what we are all here for, there is also plenty of value held in the other assets.
Has anyone taken the time to calculate a rough idea for the value of our stake in Labrador? I know it's all a bit quiet over there while they wait for iron ore prices to improve, but with finance sorted and no debt for that asset our 11.9% stake must be worth a fair chunk?
I wasn't around AYM then, but I believe it was to do with the investment in Labrador Iron Mines (LIM). Back then the asset was producing excellent revenue and profit. We still own a share of the asset fwiw and it's easy for people to be so sidetracked by Parys that we forget the value of this.
Take your positions!
The wide spread is a common theme for AYM as the volumes are so small. We have 4 MMs bidding for stock, so they know that when news does land it's going to shift very quickly, just as we've seen previously. News this week and we are adding 200% plus to the market cap imo.