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Somewhat surprised at the negativity re RNS - PC cant MAKE Tolsa excercise the option, whilst its not the perfect result its not a poor one and increases confidence that a deal will be done in due course - £100k should last decent amount of time - I wouldnt be expecting much capital intensive activity until deal finalised
Always good to hear your thoughts SW - I sense a frustrated tone from you and I must say understandable, Jo does come across well and I genuinely think that this is the time for parys looking at the wider economic headwinds - the UK will have to source more materials internally rather than relying on imports going forward - this should be the perfect setup for us. However, I must say I am also disappointed in teh lack of progress in terms of funding and clearly defined roadmap - Jo talks in broad terms around what needs to be done however without tangible next steps it doesnt mean much. Also, echo your thoughts on Grangesburg - its been a significant amount of time now that we have had that asset under management control yet nothing material has happened - no wonder SP is drifting
lol! - Yes, I strongly suspect the potential acquisions have been on the radar for quite some time and they will also know how they want to execute on them - hence since making more explicit noise about them in recent announcements I'm wondering how much longer is reasonable to expect radio silence - I of course am assuming said opportunities are goers and that we are talking real world timelines as opposed to AYM timelines....
Another sensible post SW - I must say I am disppointed by lack of comms from the board, if has been 4 months now since the PEA and not a peep since regarding Parys - I do hope we are in line to receive an update this month at some point.
In terms of other activities the one area which i would like your opinion on is the prospective aquisitions that the board have alluded to - indeed the last fundraise specifically allocated some of this money to further assess the opportunities. By my recollection the board have been assessing these for at least 6 months - I understand commercial\legal elements could take some time however I would have expected a conclusion one way or the other by now as for any serious prospect you would have an approach in principle shaped relatively quickly. - Do you have a view as to the timelines here? Again, seems as tho the AYM board do operate on a timeline different from the rest of us....
Im not sure what PC can currently do to change things - we've engaged with potential customers and they are trialing our product - as much as we would like, we or PC cant MAKE them go quicker - once we know the outcomes then we can re-assess... - until then, yes, things will be quiet and the SP will probably continue to slide - esp. if the $ continues to rise - but its just noise - lets see where we are once results are known and then we can see what PCs approach is.....
It is cheap - the "catch" is that we have no timeline for anything in terms of next steps - the Parys PEA was issued on the 11th Jan and since then we've had nothing... -Im quite sure activites have been undertaken behind the scenes however its not unreasonable to expect the board to be able to produce a roadmap for Parys to set some level of expectations.
In addition, AYM have been evaluating potential aquisitions for AT LEAST 4 months and still nothing on that front despite a recent share issue to progress this further
Finally we have our swedish asset which would take a signifnant capex outlay however would be more than viable at current prices - again, nothing to report....
So, whilst the assets we have a viable until we get a steer from the board the SP will continue to langish\drift down
But if you have a timeframe of longer than a couple of months this is a stong investment IMO
Come on AYM lets get the ball rolling....
Brent - provided that the Euro doesnt break up then TARGET2 doesnt really mean anything, it will just continue to note the ongoing claims between central banks - If there does come a time where the claims need to be settled periodically I would think that Gold would be the mechanism to do this within the eurosystem - you can extrapolate what that means for the price of gold in order to make that happen....
Jon - The CRMC would obviously want to trial the goods in the real world before making a purchase - lab tests are one thing (and a necessary thing) but running the material through their processes and plant is clearly and essential requirement.
1Investor - yes I fully agree with your assesement - sale is more likely and I think we will hear more on this following successful trials by the CRMC
Thats a measured and sensible response - I like most LTHs are of course frustrated at the slow progress here - some of this is unavoidable and some of it could have been avoided - but fundamentally this is what intial tests are for - to iron out these differences which can be quite small but have a large effect. End of the day the potential clients are still there and no-one has closed the door on us as far as im aware...unfortunately it will take longer than anticipated. - I think we should see a step change when we get the concerete results in from the CRMC - that appears to be where the game is at. - If positive (and I expect them to be) then a sale could be in the offing....
yes indeed, short term delay for quick production run - no mention of financing, that looks to be in the bag - fingers crossed metals prices remain elevated. Over the next 4 weeks or so SP may not go anywhere particularly so opportunity to accumulate for end of Feb\Start of March - when I would also expect an RNS re our Swedish asset\potential aquisition
https://www.otcmarkets.com/stock/LBRMF/news/story?e&id=1792234
End of Feb now for an enhanced PEA
Multiples certainly could happen - but not solely because of LIM - Grangesberg/Parys/new Aquisition would absolutely get us there *IN TIME* - if your outlook is 3-5 years then this is a good share to be in for sure....
Happy new year to all - 2021 is certainly shaping up to be an active year for AYM, fingers crossed!
Next week is the week where the rubber starts to hit the road... - clear positioning now taking place
PEA for Parys Mountain
PEA for Labrador
News on Grangesberg
Aquisition on the cards
Fingers crossed its an exciting couple of months for AYM
Getting the warrants out the road is good news - these shares wil be churned in no time - only 211M share in issuance - Price correction certainly due and absolutely normal.... weak hands will sell and set us up for the real rise when news finally drops....
Yes, however significant financing also required for Parys and Gransburg - cant finance that all through LIM - but of course there are a number of options... - any "funding secured" RNS down the line will provide another significant re-rate (assuming metals prices remain attractive)