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Explain about the “many blood tests”. Explain (if you can) (I’m not holding my breath) why as the owner of millions of AYM shares you take such a delight in any falls in SP. Surely your interests and those of your fellow investors are aligned; surely you and they have something in common.
The lowlife misanthrope writes “jog on dope”.
When asked if some of his foul mouthed outbursts are sometimes the result of strong drink, he replied that he never touches alcohol. But “dope” may be a Freudian slip by him. Huzarski, is it narcotics which make you such a
On 13 May this braggart wrote: "my holding is up to 2.9 million shares almost 1% of AYM..... I am now averaging 3.05p down from 3.96 six months ago." I make that £88kinvested. He now tells us that he's selling his AYM holdings and investing the shrunken proceeds in a company called Amigo whose SP has since January fallen from 4p+ to 0.325p, currently undergoing a dead-rabbit bounce to 0.7p.
This creature, with his compulsion to denigrate everybody, is buying high and selling low. This is his prerogative (he isn't the only one to be nursing serious losses) but why does he have to trumpet his failures? Why does he need to lash out so? My guess is that in belittling others he looks look like a bigshot - in his eyes at least - in his eyes only.
Not the kind of man you'd want to be your companion in a lifeboat, or in a trench facing enemy fire.
Sharehuzzarski (what a dumb pseudonym to skulk under - still, he might regret divulging his identity) is on the vodka before 9am. His poor liver must regret his bad habits as much as his poor neighbours and family do. What a human pathogen.
From 12 Sep 22 - Takeaway Point No. 5
Drilling and analysis: Our young geologist, Jake, was in attendance. Where visitors expressed an interest he was happy to take them into the Core Shed where samples were neatly laid out in trays. Some of them, that is... in recent months many hundreds of metres of these smooth heavy grey cylinders have been extracted by the drilling rigs and indeed there was a heap of discarded ones outside. I pocketed one which now sits on the mantlepiece. I was rather expecting Jake to be a main speaker ("Now, listen up everybody.... I'm going to tell you about the marvels of kryptonite pyritees...") but it didn't happen.
One guest asked, "Aside from the familiar copper and silver etc, what rare earths might we have beneath our feet? Many of these come from Russia and are more scarce since the outbreak of war." Answer: "The assaying laboratories only test for what we ask them. Each sample costs us 52 Euros," (I was thinking, huh, that ain't much) ".... and we have sent thousands and thousands in for analysis in recent months" (cripes, that IS much!) ".... and if we order them to test for Cerium, Indium, Gallium or Yttrium they will do so at extra cost."
One visitor asked, "Compared to other base metal deposits in the world how good is our deposit here?" Answer, "The worldwide average was 1.1% until recently and this has now fallen to 0.5%. What we have here is a splendid 2%. As a shorthand we include the zinc and lead in this figure, using the expression 'copper equivalent'. "
Earlier Jo had beamed and said, "The drilling results show some STELLAR concentrations - some very high grade areas - narrowish - and some very big layers at a decent grade." And then, to me, the quote of the day: "There's some really really juicy stuff!"
People can take their own view on the exhortation by one unhinged and loathesome individual to commit a physical assault.
Regarding AYM's long term prospects, below is one of the Takeaway Points I wrote on 11 Sep following the excellent site visit. This week's raising of £1m capital in no way changes the prospect of Parys Mountain Mine reopening - indeed it strengthens that prospect.
Site Visit Takeaway Point No. 2
One of the visitors yesterday asked, "Jo, on a scale of zero to 100, where would you place the probability of this becoming a working mine again?" Answer: "When I joined a year ago I had in mind 95%. Today, with what has been achieved and learned I'd put that at 99%. The missing one percent is related to permitting. This can take anything between six months and six years, and there have been instances in Australia and elsewhere where the seemingly straightforward process drags on and on."
Jo made the point that local support is strong. Present at the Site Visit were people from the local council. And Jo will be speaking at schools about the employment prospects; the careers to be built; the 'portable' skills (e.g., electricians, fabricators) to be acquired at a resurgent mine. Peter McPartland, from the mine-design consultancy QME, spoke of successes in Ireland where the local community's legitimate concerns over noise and pollution and extra traffic can be addressed in "town hall meetings", one of which was held in a pub and lasted four (hic!) days. The glint of Irish humour lightened Peter's otherwise sincere and earnest explanation that partnership and consent are vital; that great mutual benefit is to be had for the local populace and for Anglesey Mining.
Congratulations, Huzzar! You managed to write something without including swear words. You see: you can insult Australians and other investors, and prove what a Prince Among Men you are, without resorting to bad language. Your spelling leaves something to be desired but, hey, you can’t have it all can you.
Well, Slim, if the opposite of “put to good use” is closer to the truth, pray tell us in your own words how you think AYM will spend the money. This chatroom needs to hear the contrary viewpoint to happy-clappy believers like me.
Thank you for the correction, Monparys. That’s 67m on top of the current 295m shares in issue. Quite a dilution, then. I’m rather hoping that Grangesburg, or part of it, can be sold off for a hefty chunk of cash. That’s what I’d do if I were running the show. I wouldn’t dream of asking Jo about this: he would surely respond with a stone-faced ‘no comment’ or its written equivalent.
As regards AYM’s long term prospects, the Net Zero madness being inflicted on the populace by crazy politicians of all stripes will certainly benefit the supply chain (ourselves included) supposed to make a post-internal-combustion Shangri La come about. The run-up to 2030 will be fascinating as it dawns upon our masters that only the rich will be able to drive to work, and as fist-fights break out at EV charging stations.
That’s 16.5m new shares on top of the current 295m. No arguing with the fact that this is dilution. It’ll raise £1m less expenses, and be put to good use: drilling the Northern Copper Zone, furthering the permitting process, keeping up momentum in Sweden (baseline studies) and working capital. Note also that our chairman intends to also put more money in as a separate issue.
I can understand the disappointment of those who hoped to see a quick return on their investment. I’ll probably sound like a cracked record (saying the same old thing), but we’re seeing a continuation of the long process of turning a valuable mineral asset into a working mine. This requires cash that doesn’t appear out of thin air, especially in a business with no trading revenue.
Some of us will take the view that patience will be rewarded when AYM becomes a £20m or a £50m company. Others will run out of patience and sell up, crystallising their losses. I fall into the first camp. Will I be saying the same in 10, 20, 100 years (I dunno at what stage it’ll be my ghost moaning: “Wooo! I was right! Patience!”).
There’s an old saying: the stock market is where the patient take money from the impatient.
I still say Jo Battershill’s doing a great job for us, not least by ensuring that cash flow is maintained.
Sorry to have to correct you, mate, but the 2021 PEA (Preliminary Economic Assessment) came up with a figure of £96m Net Present Value. https://www.angleseymining.co.uk/2021-preliminary-economic-assessment/ This NPV is of course net of all costs - extraction, financing, environmental, concentration, transport, smelting etc - and is discounted at a hefty 10% per annum, with a tonne of copper mined in Year 2 less valuable than one in Year 1. The gross value of all the Cu, Zn, Pb, Au, Ag is indeed worth billions... if only the pesky stuff would leap to the surface in the form of shiny ingots!
£96m is still a staggeringly big figure for a company whose Market Cap is just £6m, and let's not forget the extra value of our Swedish subsidiary, Grangesburg Iron.
11.2p would be a darn good start, Rob, but with our mighty assets I still hope to get into the 20s.
Old timers on here may remember cheerful chitchat about a "100p party". If the SP reaches 100p we were planning to hire the Trac Mon motor racing circuit on Anglesey. There would be a bunch of supercars, industrial quantities of fine alcohol and a live band. No skimping: Bentley Continental GTs, Port Ellen Islay malt and the Stereophonics come to mind.
I have every confidence in our CEO's capabilities. The expression 'hero worship' is way wide of the mark, involving uncritical admiration; suspension of rational thought. Shortly before Jo's appointment I was taking formal steps to table a Motion for voluntary liquidation, being dissatisfied with progress towards mining operations. That was then and this is now.
Those who do not share my confidence are at perfect liberty to liquidate their investment in AYM and place their funds elsewhere. Meanwhile, drill core analysis and mine planning continues, step by inevitable step towards Feasibility Study and financing.
Is it a height thing, Huzzarski? Are you vertically challenged? There must be some reason for your need to cause offence to others. What inadequacy are you compensating for? Did your parents point out the benefits of playing nice?
Yes, George, I had also noticed that this sad inadequate’s every outburst results in three immediate ‘recommendations’. Either he has 3 friends (one would be surprising) or he had the electronic equivalent of a homemade backslapper. Imagine a contraption of levers and springs intended to prove that he has admirers. He pulls a cord at the front and hoots: “See? People approve of me!”
Hi, mate. That silly billy who gets a thrill out of saying naughty words must not influence you! You wrote one yourself at 1245. Yesterday, fixing the car, I accidentally sat on the Stanley knife. Gave my **** a nick. Ouch!
Ben, I hope you’re right that our Canadian asset will be the one to send the SP into orbit, but of the three properties - Canada, Sweden and Wales - my money’s on Sweden. Our canny and capable CEO Jo Battershill will have a strategy in mind for which of these three trump cards to play in which order. I rather hope that he’ll sell half of our Swedish asset for a cash sum sufficient to launch Parys Mountain without any need for outside investment. If such a scenario comes about, AYM becoming suddenly cash rich, the share price would instantly reflect that happy state. (The “cash rich” label sounds like a tautology… if you’ve got loads of cash well of course you’re rich. But when you think of businesses or individuals who are asset-rich but cash-poor the expression makes more sense.)
"Bye", he says.
Huzzar, how nice to hear of your intention to subject others to your misanthropy, your rudeness, your unwarranted personal attacks on people about whom you know next to nothing. Your recommendation of "strong buy" became "strong sell" overnight. Your judgment resembles a candle in the wind.
This is a long shot but.... was that you yesterday at the Crucible in Sheffield? Were you the bloke who climbed on the snooker table and scattered it with orange power? The motivations of people who get off on annoying their fellow citizens are baffling to normal folk. I wonder if you baffle yourself, sad angry creature. Bye.