Member Info for honestbob

Sharehuzz

Isnt it at AMGO that the CEO has just resigned and the company is being wound up .With nothing expected to le left for shareholders .Am i missing something?

QME have I think have arrangement to undertake ( or first refusal any way ) to undertake contracts etc .

At present as I understand it they are working for nothing - which would seem to demonstrate a belief

Full details used to be on company website and probably still are

I understand fund raising needed although pity has to be by dilution and when price low

Hopefully next 12 months see more solid progress and if a further sequence of drilling and reports at least a planned road plan to production .This bearing in mind that after another 12 months Jo will have received some £300,000 ( if my memory is correct.

Share H

Whatever else you may be doing please be assured you are not losing my money

If I understand your previous posting you have 2900000 shares costing 3.05p ( after averaging down ) so £88,450 cost

Which at today selling price 1.5p are worth £43,500

Although I note that previously you had made a lot of money

Hopefully you will recoup it all soon

Share H

If I understand you correctly you have averaged down 2,900,000 shares to 3.05 pence

which meant they will have effectively cost £88,450

Todays bid p0rice if they were to be sold is 1.9 pence giving a value of £55,100 giving as of today a loss position of £33,350

Overall you seem to be a fair bit down ( not as much I can see as when your average was 3.96pence

What am I missing

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.

Good Morning John

Thankyou for the update on your poster opinions

Do you have an update on your opinion regarding the company itself

No dead duck would be Hwyaden farw

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

Quite agree and I dont think that QME would have put so much effort in if they did not expect a return - which as far as I can see can only come if mining commences

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.

I think you right from memory usually shoots up at least once a year and due to very small number of shares not with LTH it does not take much at all

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

If none of our business why do you keep bringing it up and was only idle curiosity

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

Yes I am hoping that Granesberg investment being positioned for a sale (possibly with an interest retained like labrador) to raise funds for Parys development.

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.

Hope you dont mind me asking be interested know if you found strategy to minimise CGT on your big AYM profit or if you had to take a hit

Yes and LIM had an astronomical affect on the share price some years ago - albeit AYM holding was larger then

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.