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@ 0.975
Appreciated, think I will wait to see the RNS, as it sounds like there is still a risk that the numbers being banded around may just be part of the soft launch, a demo type thing? and that no actual real significant revenue has been generated yet? For info, Is the decision to move from soft launch to actual launch a GST only decision, or do they still need approval from others?
Thanks, so at the moment is there any proof or reason to believe that the soft launch has ended, and actual revenue is being generated? Would have expected an RNS to inform that the soft launch was over or ending on X date.
If the soft launch Nov 22 has been generating significant revenue for GST, would it not have been reflected in the end of March 23 accounts?
News due on Inner Moray Firth licence this month also
Thanks, did you ask CA fund this recently? any chance you can you post your question to them in full along with CA answer in full.
There are not many funding problems that a billion barrels of oil, and a rising oil price won't solve.
buyinmay, where your statement below originated from, is there anything to back this up?
"Crystal Ambers external technical consultants remain convinced that Hurricane has around 1 billion barrels of oil"
Hi, I cannot find the statement you mention below, in the RNS ?
"Their RNS mentions 10p/share (risked) and 40p/share (unrisked)"
Has this statement been made by Hurricane current BOD? can you post a link to it?
lots of new names emerging today.
I suppose if Brent is our most trusted advisor, and Southwestener is his most trusted advisor. That makes Southwestener and super powered advisor, or for engineers an advisor to the power of two.
Maybe he can tell us if we are at a party, or starring in a pantomime.
With interests three dormant mines, and a commodities bull run building, 2021 is going to be a big year for AYM.
Better to pick the shares up at Bargain basement single figure prices, whilst you still can.
Brent, I feel that you have truly become our most trusted advisor. SW comments would also be appreciated, I understand O&G development requirements well, but less have less understanding of the progression of mining projects.
I hope moneyscarse is wrong though, I would much prefer that AYM complete the current MCAP re-rate, which us underway without the arrival of any meaningful news.
https://www.share-talk.com/weekend-edition-bulletin-board-heroes-sunday-6th-december-2020/#gs.mta3jq
Thanks Boom, Bill makes it all sound sound like good news coming re assets upgrades and increased production volumes. But he doesn't talk about the risks - environmental, permitry and paperwork issues.
Parys is a major metals pollutant to the local water systems, this could be a major hurdle.
Brent, your notes of caution are very welcome, and Aberdeenman raises a good point there.
The next piece of news expected is a PEA for Parys, my assumption is that the PEA will contain good news, assumptions are dangerous, so what is the likelyhood that that the PEA will contain bad new?
I am not that familiar with mining PEAs, it would be great to hear from others on what bad news could be in the PEA.
Major environmental, planning / permit issues?
Resources downgrades?
I see AYM developing in three stages, Christmas SP of 20p is likely along with a continual rise in Jan 2021 and ongoing
Stage 1 - Appraisal (current phase) SP 20p-50p, 2020/21
Sleeping share re-rating on fundamentals & commodity prices.
Evaluating & assessing options for three dormant mines with large resources.
Upside drivers, MCAP re-rate, PEAs, sales/farm outs and JVs, increasing reserves estimates
Key risks - commodities price crash (highly unlikely), environmentalists & paperwork
Stage 2 - Pre Production SP 35p-120p, 2021
Financing arrangements, legislative agreements, placement of key contracts (equipment, metal handling and processing)
Upside drivers, contract placements, paperwork agreements, sales/from farm outs and JVs
Key risks - commodities price crash (highly unlikely), environmentalists & red tape
Stage 3 - Producing SP 100p to 300p 2021/2022
Completion of any upgrade works & re-opening of dormant mines
Upside drivers, production commencement, commodities market bull run
Key risks - commodities price crash (highly unlikely) & environmentalists
The only thing I see in the daily SP chart is an upward broadening triangle, with a strong looking bull flag buy!
Having bought in a month ago at 68p, largely on the strength of the advice on this forum, which is always positive and great. Sold about 110 and bought back a week ago at 117, again largely on advice here.
I don't know much about a deal either way, but my instinct is that MTRO could shake briefly again, followed by a significant rise. Looking at the chart longer term chart history, how much downside risk is there versys upside? risk vs reward is in our favour, I could always be wrong, so good luck all!
I have appreciated the advice given on this forum! After some research a month ago for sleeping giants, some other future strong risers from the depths, could be AYM, MCRO, HUR.
Have a great weekend
Well done to all who kept their shares, and great work by any new investors getting a foot in the door today. There is only upside, expect 10p next week, without even any news arriving.
Bags and bags of upside left, as Aberdeenman says, the share is just waking up, those MMs will be busy once the herd arrive.
Keep a tight grip on your shares, and raid the kids piggy banks for top ups!
There is still time to averge up for those that hold with low entry prices, AYM are still super cheap in single digits.
Fundamentals so strong, and so much news to come soon
https://www.share-talk.com/share-talk-bulletin-board-heroes-friday-4th-december-2020/#gs.n6lqgq