RE: Re George10 Mar 2024 21:00
Hi Suzki, I'm in the same position - first took this out in 2003. I missed the 90p sale (09?) as I took my eyes off my portfolio and kicked myself, very hard! Personally, I have family links with the Anglesey area so have an emotional investment in it, however I believe in three key fundamentals, a) Grangesburg is a potential rocket for this share, b) Labrador was up and running relatively recently and was mothballed due to international commodity pricing wars and c) the value of the site in Anglesey is worth the MCap alone without the others.
I do believe that AYM is massively undervalued and have taken the opportunity to top up over the years. I have also taken some profits, but am still sitting with a potentially life changing windfall if it comes to fruition. I know I can hope and dream, but if we can get some traction in Sweden there is real legs in this share to the late teens and twenties without much news. The recently moved on chief was actively promoting the Swedish option and I assume this is still work in progress.
We can live in hope, but I believe that given the evolving needs of the western world, and the modern capabilities of the mining industry compared with when these sites were closed, these assets have come full circle and will soon be needed to service tech industry. We must employ caution in any investment, of course, but the mere land value of AYM assets exceeds its MCap significantly. GLA