RE: Latest RNS17 Feb 2022 12:39
AYM needs money to exploit Parys, without any meaningful income (Caravan rentals and postcards aside) there are 2 ways to raise this money, debt or equity, assuming we don't have a "Gohenry" credit card to max out, equity is the way forward ie, giving up something we own in return for goods/services or cash, being listed on AIM with its less stringent regulations, finance raising is a lot easier, that's exactly why AIM was set up ......... Why was AIM started? AIM was created to serve smaller companies that sought to seek capital to grow, yes a main listing is very nice and carries prestige with it, but is it the right thing for AYM, IMHO I dont think so, AIM will give AYM a lot more flexibility to progress the Parys mountain project, but for now, Jo really needs to do something meaningful to AYM, as the saying goes, "Don't talk the talk unless you can walk the walk!" .............. finance in place later this year, building helical incline and onsite infrastructure/concentrator 2023 start proper digging out/sales 2024-2025, fully up and running with profits 2026