Member Info for honestbob

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 .

sorry missed a line out above - if each of the 200 possibly mention on average to 5 that takes us to the first 1000

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 .

Slim

In fairness the directors of the old guard didnt take a salary for years and there were minimal staff expenses

Speaking of Linkedin does anyone know who Charlotte Greg is - her Linked in profile implies that she too is CEO of AYM

I think they own 20% granesberg with an option for a further 70% odd

Good question what formula is to take up the option. I can't recall ever having seen it mentioned or discussed

Perhaps a question for Jo on the day out.

Prime not printed ministers

Sling
No worries I share your frustration

I was pointing Andy to the website because if he have a look there it has detailed information that he may find helpful

As an observation I had no children when i first took an interest in the company - now my children have children(and not young ones)
On previous occasions for my amusement and doubtless to the irritation on other posters I have highlighted how many printed ministers have come and gone since the company aquired Parys rights - length of time for brexit and channel tunnel etc.
I shall not do so again today and do hope that the latest round of drilling and reports etc will lead to some actual mining.
I

Lots of very helpful information on company website

Further to last posting also I think encouraging that Juno have shown faith by converting part of their debt(which in event of company liquidation would rank ahead of equity) actually to equity whilst seemingly accepted that the reduced interest rate on debt also reflects a better position.
Would imply a degree of confidence on their part. I also like that they have not overdone the conversion and created too much dilution.

All credit to the architects of the restructure

Placing fully subscribed. Interest rate paid to long term funder halved. Directors old and new buying shares. Seems encouraging with sequence of announcements expected

And it wasnt very successful

Thanks ned placed tiny bet - good odds

If you notice i advance of it next running and alert us I think a flutter might be in order

It does look as if soon might be a flow of further news on more than one front

I agree with you Brent aptly described the launch when it comes some time ago. I lack his articulation skills but was something to do with a rocket.

On a side note when meet him in flesh best not to mention competitions or prizes ( says I hoping to encourage such an event)

Has similar effect to mention of war at Fawlty Towers on this board at least

Invariably will be a problem with house mortgage servicing but all those in recent years I believe tested against higher rates of interest. I think it was six per cent for a relative. This might mitigate.

I know there are many challenges ahead and if there is any Banking scandal or way to lose money historically Natwest or at least RBS was usually part of it.

But a large part of the risky subsidiaries are now gone and the Bank does appear to be on better foundations.

So at risk of stating the obvious rising interest rates will have a massive endowment affect. At any one time the Bank holds billions of pounds on current account for which it pays nothing. At present it lends it out largely at base rate plus a margin. Every time base rate rises the profit from this free money does too. To a lesser extent so does the profit from interest bearing accounts. A rise is rarely reflected in a full increase in credit rates.

Long term increased interest costs etc will lead to more defaults but that will take time - increase in profits will be immediate.

Just my thoughts