Member Info for Suzki

Will continue to hold, could now be going somewhere with the possibility of new blood on BOD and anticipated mine life extended to 12-18 yrs.Increased life of mine should attract investors who were possibly a bit unsure when life expectancy was in the region of 8yrs.,but it's not going to happen anytime soon,next 12 mts perhaps?

Have voted against the re-election of present BOD, hope others have/will do likewise then perhaps the message will get through.

How many times have we heard that on this BB.Next July? another B----y year wasted.

Welsh mine reopens in search for gold.No it's not Parys Mountain.

Once again we appear to be putting all our hopes in Grangesberg as we did in QME and look where that got us (report not withstanding) nowhere. Who in their right mind would buy or buy into Grangesberg? it hasn't produced a tonne of ore in 31yrs. In the grand scheme of things if it did ever resume production and it probably never will it's output would be insignificant when measured against total world Iron Ore output.Australia and Brazil being the largest producers with Sweden in 12th place (2019).Iron Ore is found all over the world it's not rare, would Grangesberg make a difference to supplies? the answer to that is no,Australia would only have to increase it's daily output for one day to mine what Grangesberg would mine in a year. For those with the money to make it happen Grangesberg is an irrelevance so thoughts of resuming production after such a length of tome are just dreams.

Much needed infrastructure projects will I'm sure determine the need for ore/steel and therefore price.However it's been estimated that there is enough scrap steel in the world to satisfy demand for the next 40yrs.If you consider that domestic white goods,cars etc along with other none constructional steel is constantly being recycled on a daily basis is future extraction of ore a long term viability. I've work in construction all my life and projects I worked on as an apprentice have now been demolished roughly 40yrs after their construction. Steel in general is considered to have a 40yr life cycle ,obviously there are exceptions to this theory. No wish to rain on anyone's optimism just thought I'd mention it.

Since 2013 Grangesberg Iron AB have been conducting Feasibility,Scoping and profitability studies much the same as AYM have for Parys.Swedish authorities have issued licences for mining operations to take place for a period of 25yrs renewable in increments of 10yr periods from any start date of operations. Mothballed in 1989 Grangesberg was the third larges iron ore producer in Sweden at that time.

Trade now deleted.

One share? RNS imminent or some other announcement.

They paid a higher price for a large quantity than later buys for a lesser volume, peculiarities of the markets I suppose, but never the less interesting.

It's clear I don't have the optimism of some on this BB given the lack of progress over not years but decades. AYM themselves don't have the where with all to proceed with any of these enterprises so JV in Canada,Sweden or Anglesey would appear the only viable option.Those with the pockets deep enough to buy, mine holes in the ground almost as big as Anglesey so the long dormant pimple of Parys is of no interest to them and LIM - Grangeberg are not wholly owned by AYM so other parties and interests come in to play and they are not necessarily looking at joint ventures. Yes metal prices are high at present but that may not always be the case as history has shown.High prices are only relevant if the stuff is coming out of the ground or there are interested parties looking to JV or buyouts ,in both of the former that is not the case though I do concede that higher prices do make all of AYMs interests more appealing.

I was never out to make a fast buck but if I were thinking of investing in AYM today I don't think I would given the length of time I've been here already and still no tangible return in sight and given the present BOD lack of achievement little prospect of returns in the future.
As I've admitted in the past investing is a form of gambling,your taking a chance that things will go your way, that the company you've invested in has a coherent plan for it's future,in AYMs case future planning seems to have escaped them.Once again the can has been kicked down the road into the scrub lands of ifs, buts and maybes (someone else needs to look at the paperwork). I sincerely hope I'm wrong for all of us invested here but I don't see the future through rose tinted spectacles as some here do.You may have the last laugh,SP may go through the roof,if it do's and on that day I will hold up my hands and say you no what you guys were right after all.Till then I like the rest of us await the Annual Report with anticipation of better news.

Any investment is a gamble

Invest in Aym I wouldn't bother been here over ten years and expect to be in same position in another five years. My investment is not large but sufficient for me to continue to hold in the vain hope of a return at some point. The call is yours to make but significant returns are a long way off. If you have the patience to wait then so be it as nothing is going to happen anytime soon.

At this point in the world economy would anyone be interested in Grangeberg and what exactly was AYM's intentions when they took a share? soon after it ceased operations as did LIM.If the BOD had joined up thinking they'ed be dangerous.

The key word in all this is IF.

The excitement will all be over tomorrow and by the end of the week forgotten about and we'll be back to normal. Where has last years fund raising gone? Still no talk of opening Parys just someone else needs to look at all the paperwork,how many times have we been down this road,if they don't know whats in there by now they never will. We're well and truly on the express bus to La La Land.

The Annual Report will be a rehash of previous Annual Reports,be very surprised if it contains any grand plan of action.

The present DOB should be removed forthwith, if their happy with the lack of progress then they in all honesty cannot claim to be acting in the interests of shareholders. No business savvy director would act in this way and as for the involvement of QME that has been nothing but a smoke screen to hide their general incompetence.

Believe all the paper work is in place with Isle of Anglesey Council and has been for some time with regards to transport by road to Holyhead. Getting all interested parties to agree with regard to the proposed reopening of the rail line would take as long as reopening Parys (sometime never).It was just a thought but if it's already been dismissed at least it was discussed in the first place.

Possibility of re-opening of rail line from Amlwch surely that's another plus for any future AYM operations or potential buyer.

As share holders we entered into a formal agreement as apposed to an informal agreement with AYM (Oxford English Dictionary definition of a scam) is an informal transaction between one or more parties. Anglesey Mining have a number of assets none of which are producing a revenue stream having been dormant for a number of years therefore not producing a return to investors.Parys Mountain 100% owned by AYM being the main asset. Decades of inactivity and false dawns have come to nothing.Parys has a paper value based on the daily prices of the metals within as determined by the LME but that having been said it is only worth what someone else is prepared to pay for it and at this point in time it would appear it would be hard to give away. Parys was last mined in the 1960s and as a multi-metal deposit requiring an inordinate amount of cash to bring it to production has little if any appeal to the mining community. Anglo American,Rio Tinto,Glencore,BHP etc prefer working mines if their on a buying spree. In this context SCAM was probably a bit strong, as investors we are by nature speculators, some you win some you lose, but due to the moribund state of the BOD and the fact AYM has had my invested cash for more years than I care to remember on a personal level I feel scammed Annual Report not withstanding

Why then did I invest in the first place I hear you ask? Answer :I thought I would be supporting the future and economy of the Isle of Anglesey, a nationalist gesture so to speak.