Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bubble
You may well be right ( and I hope you are) that has sent share price up literally like a rocket in the past.
Albeit AYM share ownership was much greater than now.
I tend to think of Granesberg and LIMH as along shot possible bonus - but if either materialises effects potentially huge.
I think they have reverted to the original name for that part of the mine - historical extract below
1877 part of the lease at the western end of the deposit was sold to the Morfu Du mining company, who then worked the Morfa Du Mine from 1881-1904 and raised 5783 tons of ore.
Whether the company was named after the mine or the mine after the company I dont know
I believe the name does mean Black Marsh so possibly the company originally mined at or near a Black Marsh and got its name from there and then carried the name forward to its small mine on Parys - all idle conjecture
Yes it was a famous copper mine in the past - on and off for last 4000 years - at one point the largest copper mine in the world
Peak production in the eighteenth century steadily tailing off and pretty well ceasing at the start of the twentieth century.
I am hopeful that production might recommence in the 21st century.
Must admit whilst the flow of good news about potentially very remunerative future developments are very welcome some news about time spans for possible actual income from existing known assets would be even more so
Huzza up to show but unless you completed CGT additional form for these large gains and you may well be I wonder if a little discretion might be appropriate to avoid HMRC specials team descending on you. Other point is that it is not difficult to locate the person behind an Internet name. So perhaps that sort of post might arouse the interest of visitors of a different sort - just a thought
It is not clear to me strategy - can't see transaction, as it stands, is to increase ownership and hold through to development. In absence any positive cash flow I think unlikely. Can only hope is to maximise return on sale with funds generated utilised at Parys.
I cannot believe that transaction was for no set reason.
George
Yes i am coming to the belief that Granesberg is the slumbering unkown giant in the background - with LIM and Parys to large extent potential can be seen.
With Granesberg I dont think quite so clear but given AYM relatively modest capitalisation I think / hope the value per share could be quite high .
I have a thought that possibly Granesberg being lined up for sale to provide capital for Parys not unlike Lim all those years ago.
In the meantime debatably better to hold option there - with upside potential - but not having significant part of ongoing maintenance costs.
Ignoring what the option terms may or may not be - however you look at it AYM would need to be bought out - of their actual owner ship and the option for a sale to proceed.
Hi Mike
Fair comments and like you I look to positives - as you can see from my last post regarding potential benefits interest rate rises
You are quite right all holders have the option to exit or indeed buy more - an option I have periodically utilised in both directions.
If we are honest with ourselves perhaps a large proportion of postings in theory add only marginal value - to the
debate but sometimes a gem is there.
Personally I don t think it hurts to highlight that, in my opinion, based on the ultimate measure of a companys success ( in my opinion ) return on investment to the businesses owners ( ie shareholders ) despite all efforts from the bank and its staff little has been achieved since the crash of 2008 Although I do accept its capital footing etc is much improved since then.
What would be helpful would be if anyone can cast light on why this is. With bank on face of it in a much better position than then .
What I personally do welcome is other posters contradicting me or having different opinions - this prompts to look at issues differently and hopefully learn.
ATB HB
I have held these shares for many years ( in hope ) dread to think what original price was
I think it is very disappointing that ( ignoring ten into one exercise ) shares languish at 22p pretty much same as just after banking crash
In the meantime many millions paid out in bonuses to executives etc - for what I wonder certainly not shareholder return
Does anyone have any thoughts on Granesberg given AYM p[art ownership and option for full control - at whatever the terms might be - if any interested party then value per AYM share could be more significant than I had previously thought .
I would think that he would have an interest in the meeting going ahead
The 40 odd shareholders who plan to attend are clearly quite keen on the company to make the effort
If what they hear is favorable they may top up - in itself probably not large volume .
Perhaps more importantly if each discusses with five friends that takes awareness from visit to 1000
Potentially if any of 1000 interested they may in turn discuss with couple friends - say some do some don't so average just one more each then another 1000 . Word spread to 2000 plus .
If they are not in habit discussing shares normally with friends, quite likely would on this occaision mention trip to the Island and then why.
As we know some people buy as a researched investment - others like idea of multi bagging on a penny share.
My figures are clearly drawn out of air but I don't think too unrealistic
All of course depends on Jo.
In essence what I am saying is that the ripples from the meeting could well be well in excess of what might be expected.
Whilst share remains high risk we can see what worst downside is - 3p per share . Upside on other hand in my opinion several times that .