Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
And another Green post (filtered out, so I dont' see the content). What a pitiful case !
After many years, I've decided to dump all my AYM shares for whatever I can get. At least it give me some tax loss relief against other gains !
After however-many-years and a new executive, nothing continues to happen ! But the real problem will the cost and time which will be needed to bring anything into production....permssions, equipment, transport and, not least, some customers at a competitive price. Even a top management would not find that easy.
I was just wondering why we see a lot of trades for tiny numbers of shares, e.g. this morning there were 200 shares bought for £4.00, then a similar sale a few seconds later. Surely the brokers fees would be more than the transaction ?
Or am I missing something ?
@Bubble2021 - Both my wife and I use our ISA allowances every year, and have done for many years. I'm a retired CA, so don't miss out on that, but thanks for the heads-up. :-)
I've taken a bit of profit and a few losses with AYM over the years. But I'm thinking now that I'll dump my whole holding before 5th April, accept the fairly substantial loss but claim this loss against my overall profits on holdings in other companies during this 2022/23, and reduce my Capital Gains Tax liability for the year.
(Also keeping in mind that the annual tax-free CGT allowance reduces to £6,000 total per person in 2023/24 and to £3,000
in the following tax year. This will probably bring quite a lot of more modest share investors and traders into CGT, and perhaps even into completing fiddly Tax Return forms for the first time.)
So Grangesberg, as Suzki says, due to the state of the infrastructure, would represent a total start-up from scratch to get into production ?
And Parys Mountain appears to be in much the same state ?
So, it's perhaps a daft question, but consider a similar new mine somewhere else in the U.K. or in a reasonably politically stable area elsewhere in the world, with similar proven reserves and with actual finance in place. Given current economic conditions and demand for raw materials, and a competent management, how long might it reasonably take to get this up-and-running, and into profit ?
Suzki - Exactly...and the "where withall" would be a serious amount of funding ! And, after so many years of plans and promises from AYM with little to show for it, any financiers or new shareholders are going to take a lot of convincing, even though we, posting here, may accept that the new management and plans really do now represent a change for the better.
Brentharg - I'm not trying to criticise Jo and his guys, I'm sure that they are well experienced in mining matters, and that we can have confidence in them.
OTOH, we have to think of the time and work involved in bringing AYM into operation. Completion of assays and mine-designing, planning permissions, building infra-structure for extraction and transport of the ores to customers (road, train, ship?), finding and paying competent day-to-day managers and operatives, and, above all, finding reliable and on-going customers at a time when the economy and technical developments are causing a lot of raw materials to fluctuate in demand and price.
And, lastly, where is the neccessary finance for all this to come from ? I feel sure that prospective city financiers will have already formed an opinion in much more depth than we punters can. No doubt shareholder sentiment will improve when production is imminent, but there is a very long way to go before that happy position can be reached.
Slightly off-topic, but one thing which we were taught when studying accounts and economics at Uni (a long time ago now! :-( ), was not to become emotionally attached to any shares held as an investment, particularly if they have given you a splendid financial return, just work from the current facts and numbers of the particular business.
As a long-time holder, on-and-off for about 30 years, I'm starting to think that I'll sell-out totally in the current tax year, and claim the CGT losses against capital profits already made on other shares this year and otherwise taxable.
I read the other "good news" posted and developments projected for AYM, but technology changes so quickly nowdays.and this, together with the general economic situation and the consequent effects on raw material prices and
demand, mean that successful businesses have to move nimbly and adapt quickly.
Sadly, the history and even the current management at AYM, offer no real prospect of changing the go-slow-and-stop of the last decades. Other investors must have reached the same conclusion , and this would, I suggest, be reflected in the SP.
Yes, no doubt he is busy, but a quick confirmation of the date takes only a moment, Perhaps the Company should be grateful that there are 37 enthusiastic shareholders (plus Brentharg as the organiser) who are interested enough and willing to spend time and money visiting the site ? A 350 mile round trip in my case plus, probably, two overnight hotels ?
We keep hearing too much bad news of good people. RIP Bill, and sincere condolances to his family and colleagues.
Brentharg - can you please add myself + 1 . (Obviously depends on the final date, but our plan would be to try to arrange this around a short holiday break in N. Wales. )
Surely the real test will be when the secondary market arrangements come into operation ? The monetery value of any asset is only what someone else will pay for it.....a willing buyer matching a willing seller ?
Anyone thinking of going, be aware that the Exhibits section apparently closed at 12.00 today (Friday), and that the Exhibits are closed all day tomorrow (26th), so presumably only the dealers' stands to see now ?
My own guess is that the Show has suffered particularly from the postponement through Covid and the new date in February.
There is still some concern (perhaps mainly from the older folk like me, who form a lot of the more serious philatelists?) about Covid risks on transport, and in busy places like the show.
And London in February is not the best time for weather to plan a visit.....we have always had a week or ten days as tourists in London around the Show every time since 1970, but have given it a miss this time, we were even put off from a day trip from here in Shropshire with the bad weather and transport issues.
Finally, the publicity this time seems to have been very limited, in previous times there seems to have been an atmosphere of expectation generated with Royal Mail (and other Posta Authorities) issuing special stamps and publications, and articles in the philatelic and general press.
My first reaction was similar, does a main market listing carry any "prestige" value above an AIM listing ? And would it have any value which would interest another company to merge or take-over AYM as a roundabout way to a main market listing ?
My knowledge of NFT's is very elementary, but I noticed a line in the Reuters report "We realized that a lot of it is just money chasing money."
Putting it simply, when we invest in shares, we obviously hope that the value will increase over time and that, in the meantime, we may also secure an income as dividends. Our decision to invest is made after our research on the company its management and its business, now and future prospects, with the share value supported by the net assets and , usually, a fluid market giving regular valuations. Even buying an actual rare stamp or coin gives a knowledgeable investor or collector a tangible object which he can enjoy, and which should retain a basic value, supported by catalogues, dealers' price lists or~auction results.
OTOH, there is no open market for NFT's, or the support of underlieing assets or income. It seems that the best an investor in an NFT might hope for is that someone (equally naive or gullible?) is going to appear to pay him more for his second-hand share? Definitely money chasing money ?
I would suggest that a simple statement "heard as fact" that traders' stamp prices went up 10% p.a over 2-3 years cannot be taken as any guide to the future. Where was this information obtained, and which types of stamps (early or modern, what countries, general or specialist collections or random stamps, or dozens of other variables?), were these from catalogue values, dealers' price lists , auction listings or actual deals made ?
Carpediem - I see your point about coins being more attractive than stamps for kids, such as the chance to find interesting ones in everyday change. My own interest in stamps started as a kid, in soaking off stamps from everyday mail received at home and from my Dad's work. There's far fewer letters nowdays, few carry stamps and postal use of commemorative
stamps is negligible. The cost of a single mint set from Royal Mail isn't pocket money, and the old sixpenny and shilling mixed packets are long gone.
devonplay - I can believe what you say abour NFT's generally. It does seem that the Maganta isn't the success which was hoped, and I wonder if an Edward Penny offer is likely to do any better ?
I think that stamps as a hobby continue reasonable well, though maybe not what it was 20 years ago and with a much-changed market, but my impression is that coin-collecting/numismatics has always had, perhaps, fewer enthusiasts. My own interest is stamps, so please correct me if I'm wrong, but there does not seem to be quite the same support for coin collecting in the way of specialist catalogues, magazines, coin fairs and exhibitions, etc., as there is for philately ? IDK?