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after waiting so long the temptation is to sell- THIS WOULD BE MADNESS. The market cap is still under £10 mill, there is clearly a plan to get Parys through to production, this new CEO has not come to sit on his hands, this will trade 20p this year.
its basically like a share repurchase at 18p+. One could argue that they should have just gone into the market to buy, but we all know that with the illiquidity they would never have got anything like this size. Perhaps we will see small share purchases from them now, given that they have effectively bought GDP shares at more than double the share price today.
this values GDP stake in GRL at c £18mill or roughly 12p a share. On top of that there is Ghana making c£1 mill a year, Kili (£3 mill inc royalty) and then the TFS - even this sleepy market can't ignore the fact that GDP got funding for this - expect at least 12p, perhaps 15p in coming days.
on the move, JV with Rio Tinto announcement imminent :)
never seen so much fuss over a secretary's admin error - what matters toAYM is Copper and Iron Ore prices. A stock like AYM, micro cap held by private investors will always be pushed around by market makers to stop as many people out as possible for their benefit, happened gain today, we will be back up again soon on no volume, once market makers are long.
classic hunt for stops, looks like met with mostly buys hence market makers likely short now.
correct, SW. No doubt there will be some who panic out of their positions, it really should have zero effect on the share price.
this is what has been holding the share price back the last few weeks, now cleared, hence the rise today. Directors still have plenty of other options I assume, this just covers expenses given they take no salary.
these things take time - there will be plenty of competing interest now iron ore and copper have soared in price.
PEA was calculated using copper price of $2.81..... today it traded $4.81.
also just noticed that iron ore is up 8% today and 30% since January fund raising at 6.6p.
reminder - AYM had a fund raising at 6.6p in January - Copper has risen 38% since then, the investors who bought those shares know far more than anyone on this board about AYM and would presumably pay well north of that price now.
finally the share price awakes from its slumber - huge amount to catch up with copper/iron ore all time highs , over 6p before the end of the month.
agreed - and they are worth multiples of the current market cap of £9 mill.
Copper new all time highs
copper close to all time high...AYM not so much, wake up market.
you can guarantee that when this is above 6p there will be 30+ posts a day/loads of people buying the highs - now no interest.....
over a million shares gone through in 20 minutes, something's up.
finally the most active market maker aggressively on the bid, looks like the big seller is done, if so Copper price suggests a move back above 6p soon for me.
the last time AYM was at 3.8p on Dec 1st 2020, Copper was at 3.45, now 4.45 - crazy misprice - ditto iron ore was at $870 cw $1150 now.