Hi Rodders. Just seeing this now... I first came to the party in August 2005 (11.3p) , which I sold a few months later at a profit and bought back on rising price. D'oh! I then continued to buy over the years to average down. Last year I purchased just over 500,000 in 5 buys and over the years I have sold 70k shares. My total holding is now 1,125,000 shares.
With a good presence in the UK copper league, we can also easily go for the Euros and, dare I say, world domination with our freshly kept Canadian number and any other irons we release for an airing…
My pair are pre-adolescence, 5 and 6, so I’m investing for their future. I was only born in 78, so guess I was in pretty good shape back then - definitely not the 60’s. Downhill ever since… Bit like George sadly, but without the heavy booze, super models and celebrity lifestyle. Where did it all go wrong, eh?
Have to say I would disagree Suzki. Over the past 20 years, my opinion of the BOD had diminished many times, yet I faithfully kept topping up at low prices... Now, with JB at the helm, massive steps are being taken towards mine kick-off that hadn't been done before. Now there is momentum and the horizon is much closer than before...
Stop feeding the aSS. Hopefully be off to pastures new soon...
The share price is following the form when little happened in the past. The market is also not representing what is being done in the background. Jo clearly communicated that some of the processes will take due course and that could take upwards of 18 months to get through. That was two months ago, so it would be ridiculous to expect anything in the interim. There are obviously people who want their money to work harder, so will pull out until they see a time to buy in again. If you don't think the time to be in is now, I guess you have to drop them also.
Good job the rest of us have moved into the 21st century and are awaiting the pending developments now that some momentum has been achieved since JB came on board...
Good points Tesla. It'll come back to you in a moment of clarity...
And good luck with the toddler, I've a sick bay with my 5 and 6 year olds at the moment and it's hard to remember which way is up :)
I agree Tesla. But to add to your points, you have missed out on what I believe are the major assets we have. Parys is a 'flagship' location, around which the brand is being built. It has a lot of potential to be reinvigorated. However, the easier options that are AYM's trump cards are in Sweden and Canada, purely based on the infrastructure already being in place and the huge potential they hold. Labrador was pushed into activity only 10 years ago with some short term success, Grangesberg was operational a couple of decades ago and now has been shown to sit on massive resources. They are much closer to being on the road again and seem more likely to hit the ground first based on sustainability targets for users in Europe and NA. Parys would therefore be the cherry on the top. I've been in this for over 20 years now and continually building my volume, happy to wait for this to soar in the future and take up the current buying opportunity in both my ISA and non-ISA pots.
May the good Lord help us all if Scunny ever meet the Gunners in the sweet FA Cup…
Yes, Grangesberg is ripe. It’s got infrastructure in place to recommence iron ore mining when the volume and value is confirmed. Over the past ten years there have been a couple of studies concluding that the valuable minerals there are way beyond what was previously known. The situation in European mineral provision now brings it closer to the surface yet again.
My starred out word is part of a famous north London football team who play in red and white. Bit of a bummer it’s been censored by the lse police ??
I’ve always viewed Grangesberg as the secret weapon in the ****nal of AYM. Based on the work happening in the background on all sites, it’s no surprise that the potential that can be realised will get the share price rising. At the recent site meeting, I believe the BOD explained that time is needed to complete current studies, so I don’t think it’s unreasonable to wait that out to enjoy the benefits later. If it drops any further I will top up, but to be honest I think it will stabilise around 2-2.2p for a while until new news appears. At least we are getting regular updates and the BOD now engages more than we have seen in the two decades since I’ve been a share holder! Enjoy the ride folks, it’s quite gentile at times but the end will be worth the wait :)
Careful Brent. Sounds like Eccles thinks people have their own gender. I guess such is possible in this day and age… Disappointing that the Artist Formerly Known as Brown Brigade are still covering themselves in rubbish. You’d think they’d have grown up by now.
Glad to hear the event went well, with turnout from shareholders and significant board members. I’m sorry I’m too far away to join in, maybe some day after I get a huge return on my holding :)
Definitely the Best...
The various preliminary assessments are all presenting improved results in terms of what is under the surface, probably due to better technology that can get the measurements. In turn, mining capability has also improved from previous times. I think all in all, we are actually looking at a more than viable mine in Sweden, a recently mothballed mine in Canada that has much of the infrastructure in place and was only closed-off based on falling market prices and then the Parys mountain that appears to be worth a few bob too. All in all, the mcap of AYM is well below where its potential would have it placed.
Good points Rodders. But as with anything, you are better looking at it than looking for it...
* and Labrador, which of the three owned sites was operating ten years ago - so the mothballs aren't fully matured...
I guess the RNS will come with the full suite of results??
Did you miss the drill results? There clearly is progress being made... Next steps are being processed now. I think there is also movement in Sweden too?
I'd taken my eyes off my shares back then - checked back and realised I'd missed a massive peak! If the same were to happen now, I could retire happy :)
Like you said, holding levels of LIM stock are less now for AYM, but that doesn't mean that money can't be made given the investment in infrastructure ten years ago to allow the project to kick off. It was pricing that knocked us out of the game at that point and todays pricing would put us automatically in a better position, will be interesting to see what the $4million investment can achieve.
I did notice some chatter on social media from Jo regarding what is happening with capital investments and his opinion of this becoming a norm due to the recessive economy, this is interesting following the Scully partnership and is perhaps paving the way for similar to happen at the other AYM sites. As I have stated previously, I think all AYM sites have great potential, but the one that is the true money maker is in Sweden - it would blow the LIM share price rise in 2012 out of the water.