Re Weekend Posts6 Jul 2020 11:02
So whats changed/ ZILCH. No RNS/Report,Proactive investors re-hashing the same info but two months apart (I said as much at the time) was shot down by some on this BB and as for QME,well we don't know.
QME private company registered at companies house with two directors Peter & Brenda McParland,Brenda appears not to have a day-day roll in the running of the company,they have offices in Toronto,Canada but have no operations in Canada likewise offices in Perth,Australia yet again no operations in that country. they do list clients in Canada so assume they've supplied equipment. As for Australia that's mining for the big boys so fail to see what in the way of expertise or equipment they could offer.Their core business would appear to be selling/hiring of new,second hand and refurbished mining equipment.Mining operations seem to be totally in Ireland and small in scale. QME don't have the money to develop Parys Mountain (refurbishing Morris shaft alone would take a fortune) along with AYM so they are hardly JV partners in any true sense of the word. AYM to small as pointed out to be of interest to the big boys and any medium operator is not going to take much notice of scoping studies/feasibility studies that have been done to date,they'll want their own.So what was the point of QME's involvement? all they appear to have done is moved the tonnage around to make mining look more viable but in the present post Covid period of uncertainty and world wide economic down turn the BOD once again have a valid excuse to kick the can down the road. I'll be very surprised though disappointed if this project is ever developed. We could all end up shareholders of Parys Mountain Heritage Limited,listed at Companies House as having exploration and mining rights for non-ferrous metal ore. As for myself my exposure is not great so will continue to hold AYM in the vain hope of someday showing a return for my patience but fully expect to be in same position 5yrs from now .Sorry lads but it's never going to happen which is my sad conclusion,I think we're all deluding ourselves and as for QME ,bringing them on board has achieved very little if anything. Personal opinion so thoughts/comments appreciated.