Member Info for Brentharg

RCGH: £54,750 AYM: £80,000 AMGO: £3200 ENET: ?

Says he is now buying silver. This implies that some of his capital remains.

He may have cut his losses in RCGH before his 42p per share dropped to 5.5p.

The Buffet mantra? It is doubtless a wise one, but please explain what it is and why it deserves to be followed.

On four occasions since 2012 I have instigated autumn visits to Parys Mountain. They have obviously been consented to, resourced by, and hosted by the BOD.

If there is any appetite for a 2024 repeat somebody else will have to step up. The workload in building a guest list isn't all that onerous, but there's a certain responsibility in avoiding a fiasco. For example, ten people expressing an interest and two people turning up. For example, a bunch of conspiracy theorists turning up demanding to see the alien corpses or nuclear waste hidden inside the Parys tunnels.

For clarity: if somebody else would like to get this ball rolling then be my guest, but it won't be me.

Newbies may not quite grasp some of the numbers in today’s announcement. The expressions CuEq means “given that there are five different metals in the sample, a simplified way of stating its value is to pretend it’s all copper, and this is the copper equivalent”.

The units of the three base metals (copper (Cu), zinc (Zn) and lead (Pb) )are stated as a percentage; the precious metals with much lower concentrations but with much higher value are quoted in grams per tonne (g/t).

Another thing worth knowing is the distinction between inferred and indicated resources. The former might be paraphrased as “there is strong reason to believe that X is down there” and the latter as “having spent all this dough on drilling we can now damn well prove that there is X down there”. When AYM borrows the £50m necessary to commence digging the lenders want to be certain they’ll get their money back plus a handsome return, and that certainty is based on indicated resources. The current drilling program has allowed inferred metals to be upgraded to indicated.

You may have heard that the outgoing Government intends to lower inheritance tax. If you can hang on long enough this could be good news for your daughters. Your courage in standing up to this awful disease is admirable, mate, as is your determination to look after others once you’re gone.

In his mitigation, poor old Huzarski is struggling with multiple issues. His cancer is “in remission”, as the reassuring expression goes but, smart guy that he is, he knows better than to take it as a clean bill of health. His family situation is fraught - lots of conflict and dubious loyalties. To cap it all, his 2023 has been a financial disaster: down £130k so far, and he’s hoping that the remaining days of this awful year won’t drop him further into difficulties.

Back in his youth and middle age he had a certain charisma. Sadly, today he’s a caricature of his former positive self, seeking and causing offence near and far.

I recently came across this interesting quotation: “The reward of our work is not what we get but what we become.”

Poor benighted Huzarski, hurling insults at complete strangers in the middle of the night… what has HE become?

There’s an archaeological dating process similar to carbon dating, but applying to minerals. It’s dependent on cosmic rays from the Sun or elsewhere in the galaxy knocking chunks off the Calcium in limestone, creating a measurable amount of Chlorine - a “cosmogonic nuclide” (isotope). This enables scientists to measure length of exposure post-quarrying.

These cosmic rays penetrate dozens of metres below the surface, creating muons as a by product. Measuring these live subatomic particles from inside a drill hole (think ‘Geiger counter’) reveals how much dense matter is above the sensor: a layer of lead, say, will cause a quietening of the signal compared to less dense material.

It’s a superb new technology and I’m glad that on Jo’s watch these modern whizzbangs are being employed. There must be some very clever subcontractors working for us on this. It all adds to the reliability of the economic case for mining operations or, put another way, reducing risk for investors who want to be sure they’ll get their money back and then some.

My hope is that Grangesburg will be sold off for a sum of money sufficient to bring Parys Mountain into production. But even in that scenario the economic case would be just as relevant - to safeguard AYM’s own money.

From today’s Half Yearly Report in the words of new Chairman Andrew King: “Over the course of the next year, we look forward to advancing the Parys Mountain project and to optimising the ownership and potential of the Grängesberg iron ore project.“

Good post, Catbert. I totally agree that this business is grossly undervalued.

But I must point out that NAV - net asset value - is the gross value of the mineral assets less all the various costs such as extraction, concentration, transport, smelting, finance. Parys alone has an NAV of dozens of millions. As you say, this is many multiples of AYM's current piddling £7.35m.

Very concerned about your prospects, mate. Financial, medical, emotional…. Please post an update. Can you bear all this?

Quiz question: how many spelling or grammatical errors can you spot in Huzarski’s utterance? He claims to be an educated man but

RCGH: £49,500 AYM: £80,000 AMGO: £3200 ENET: -£30 Total £132,670.

This is the man who wrote on 16 Oct: "While you limp Lilly liveried Ewe Lovers have been quivering under you beds counting your current and future losses …..RCGH has risen at least 50% since last Thursday…….which means I am loosing less."

Wow!

The gentleman's screen name is Sharehuzzarski. Here's an example of his prose from September: "Young at heart,yes…..you sheep pervs take it to heart, is that because Welsh women are ugly….my first wife was but she made up for it in bed….better than a ewe?" Nice. Also: "I am a 1.83 m tall, 90 kg powerful fighting weight, very virile male specimen who has a few bobski. Ha ha." He has the self-amused habit of adding 'ski' to random words. Claims to ride up front of a motorbike gang. And, oh Father, the language. The LANGuage! (That's a Father Ted allusion by the way.)

Looking at the 12-month chart this share has undergone a classic spike, returning back where it came from and then a tad lower. As the big decline gathered pace there was a short recovery before the downward plummet resumed. My pal Huzarski timed his big purchase at that time, buying in at 42p, presumably in the expectation of a return to 150p+. Sadly, ‘twas not to be, or at least not yet. For a while he proclaimed his skill as the SP rose above that 42p but he has been a bit quiet since his good luck turned bad. Luck? He was saying, very brashly, that his talent lies in judgment rather than luck. I hope he will update us on his current view.

RCGH: £48,750 AYM: £80,000 AMGO: £3200 ENET: -£105 Total £130,845.

Let’s ask Huzarski, a very knowledgeable investor. His 150,000 shareholding acquired in August at 42p a share is due some good news. He invested £63k here and has seen this drop to £15k. This is on top of the £80k he left behind at Anglesey Mining. Poor lad deserves better. Fingers crossed for him.

My pal Huzarski is on the road to recovery. Financially, that is. His medical treatment has, er, laid him low. If you catch my drift.

His remaining £300 he invested in ENET at just under a penny and it closed today at 2p. With his skill that c£600 will surely grow exponentially.

I just wish he’d look after his health. Typing away in the wee small hours of the morning plays havoc with his immune system.

Ouch. His gains have taken another £750 tumble this morning. Still, as long as the SP stays above 10.3p his portfolio will survive. To have raked in £130k and then lost every penny would be a bitter pill to swallow.