Lack of information24 Feb 2021 13:51
As a fairly LTH, I found the recent PEA encouraging, but seeming to lack any real timetable or information on how, and over what period, the mineral reserves at Parys might be extracted and exploited. There is obviously going to be an increasing demand for metals in coming years but I fear that this will be exploited and met long before Parys begins, by more nimble, well-financed larger companies with the technical ability and equipment on hand as required.
As regards Labrador, it would be good to see an increase in the value of AYM's holding, but, as a minority shareholding, this is a paper figure, and does not mean that any money to be paid out to AYM. Minority holdings have to be sold or provide dividends to realise real money.
Just trying to be realistic, but perhaps the present SP of around 6p reflects a true value in the opinion of market makers and professional investors with far more knowledge, experience and business acumen than I have...