Member Info for GeorgeBestNI7

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.

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...

150k buys and 60k sells, price goes down...??

Well said SMKR. This is a very positive development. Hopefully they can recruit a budding PM who will drive this project forward as Jo sees fit. This is progress, can’t understand why so many are looking for a magic wand and fairy glitter. This project is a long term bet, the horses are lining up and the odds are definitely getting better for the start of the race. No point running around the paddock looking like a winner if you can’t get to the start line. We are on our way there now (after the horse box had a few flat tyres on the way to the meeting…). Keep the faith.

I guess my response would be yes and no. Yes, not a lot of RNS's flying out like smarties, but when there is news now there is actually something happening behind it - this compared to the previous times of tumbleweeds and mothballs.

The new CEO has come in and created some movement, which compared with the stagnant pond we were in for the previous many years, is a welcome change! He seems to have been moving on all fronts, so it is just a case of waiting for the latest study to be completed to whip up some interest.

The commodity markets are definitely better today than they ever have been, so it's a sellers market. All it needs is for one of the sites to have positive news and that will be reflected in the SP. Remember that studies are consistently getting better - this isn't because there is more material magically appearing, but that the means to find it (and also processes and equipment to extract it) are more efficient today than they were when the mines were closed. I'm looking forward to the day that this news comes, I've waited long enough lol

Can't see that happening, but I guess we never know. Think that things are now moving in a way that they haven't been for the past 20yrs, so we can live with some hope...

I would imagine it would be based on an up to date valuation, which in fairness only seems to be rising with each feasibility study... However, you could assume that the MCap of AYM includes the 10% stake in Grangesberg and infer a value from that (taking out Parys and Labrador from the equation).

Off the top of my head, AYM own 10-12% at present of Grangesberg. They have first refusal on majority stakeholding should they wish to take it. Therefore, when the time is right, they can activate that. It's usually mentioned in the RNS's and is probably on the company website somewhere.

Yes, but the world we are in at the minute isn't as simple as it used to be. I can imagine there are logistical delays on many such events happening in the Scandinavian region.

The beauty of the Grangesberg position is that there is a process in place to increase ownership whenever the board of AYM decide. Therefore, once viability is confirmed they can increase their holding and that in turn multiplies the value of AYM. I have always believed that the mining opportunity in Sweden is the one that will give the greatest return. When Labrador was running, this share reached 92p and it was nowhere near as strong in terms of what's under the surface.

Georgie was the Best :) No offence taken!

It's all there in the RNS's... (September 2014 was last results released, another study started a few months ago)

Rome wasn't built in a day... I'd be disappointed if they rushed out half news that didn't inspire the market. Better waiting for the big hits. There is work going on, so let it develop.

Nothing but good news

Drop him a tweet? :)

Maybe chat about this on the WRES board Troajan? Thanks

Appears to be getting to a nice simmering temperature all over...

Sounds like you’ll be well versed in dogging by the time of the mine visit Brent. Perhaps Jo will highlight this as another stellar feature of Parys and encourage it as a key selling point across each of our mineral rich sites across the world. Three times a day, you’ll be worn out by the end of the holiday…!

When EVR comes live again it will rocket. There is no doubt about that. Just a matter of time. Lots of UK money and US jobs tied up in it, so they won’t let it fester. It is highly self sufficient, so there should be no worries.

If you know, you do know. But, do you know? ??

Same here, although you usually need a spike on AIM to raise awareness. Once there is news or movement, there will be a pile-on of massive proportions. Also, I assume stamp duty has disappeared now it is off the main market, so that will save a few quid too and make the short termers more attracted.

Only if they were being particularly anal about it. I'm assuming that four later word will also be starred out by the time this message goes live :)