The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
TATA Steel are up the creek and have been operating on borrowed time but having said that the one good thing is Boris's big infrastructure plans which will require vast amounts of steel and other metals. With Brexit we will be free'd from the shackles of the EU and free to purchase UK produced steel. It's not therefore surprising that brokers have TATA as a buy
If there is nothing in the next week or two from the BOD-QME and nothing positive from this years AGM then I firmly believe that Parys Mountain will never be developed. QME must have very deep pockets if they've been hard at work over the last twelve months or close to twelve months without financial gain or was it all done and dusted in a matter of weeks? As for being hard headed business partners apart from pushing hardcore around for someone else at the supper quarry on the Isle of Skye their operations seem to be totally in Ireland,not exactly in the premier league of mining companies. As a long time holder of AYM stock I sincerely hope I'm wrong but I'm not holding my breath. Interest in AYM shares seems to have waned this past week and we're back below 2p again. At this rate I'm soon to be convinced that the late GB was on to something and it's all a big scam, but for what reason I have not a clue.
Are you saying that Parys would not be an appreciating asset over the next ten years? What would be the inflationary effect over that time frame.I realise that inflation is a difficult one to judge and that we're living in an age of low inflation if you remove the effects of the present situation which at some point out of necessity will taper of to a new normal. Your comment appear to support the case that in the long term Parys is not viable,have I missed something.
We have to accept that covid19 is here to stay and the world is going to need to learn to live with it,having said that World economies require re -building and the general accepted way to do this is through infrastructure - construction both of which require large amounts metals. there is a part here for AYM and subsidiary companies if the BOD are prepared to get off their rear ends and put in the effort required. Obviously as a share holder and as a Northwalian I would like to see Parys in operation rather than sat there like some long extinct volcano,the Isle of Anglesey desperately needs the employment.National government along with local government need to exert pressure on AYM. To not develop this prime wholly owned and appreciating asset is nothing short of criminal.All the studies to date indicate a greater life span than was previously thought and with advances in mining methods and technology it's very likely that even more can be extracted than the inferred results allow for. JV or sale this asset needs realising and now is the time,for decades the BOD have continued to kick the can down the road and do nothing now it's time to step up and get the show on the road,if their not prepared to do that then now is the time to step down and allow a new BOD to take this project forward,it's far to valuable to the economy of Anglesey and to long suffering shareholders to be sat there slowly becoming a Heritage Trail. I cannot for the life of me understand how the BOD have got away with such corporate negligence for so long. Are there not rules for FTSE listed companies as to how they are run? and that then being dependant on their stock market listing .
Nothing has changed as far as I can see,same old proclamations about working with QME and such potential for AYM investors bla bla bla. Do'es Bill actually exist or is he a figment of our over active imaginations,in a normal corporate environment he'd have been replaced years ago for abject failure and mismanagement of a stock market listed company.The whole board should be charged with mis-management and held to account.
Due to the present economic situation everything will be put on hold and no doubt further studies will be required to asses wether mining Pary's is viable. I don't foresee QME report doing anything other than reiterate what we already know with perhaps the moving of some tonnage from inffered to actual. Not holding my breath that things will start anytime soon.BOD still conspicuous by their absence,first week of June no RNS and no report.
Let's hope this is not another false dawn,there have been far to many over the years. RNS imminent? There have been some big buys this week so positive sign that there is movement and someone knows something. Having said that we're still a couple of years away at least from anything coming out of the ground.
Doesn't make sense to sell then buy back in 10 mins later at a higher price, me prayer mats gone haywire.can only think that was a glitch in system. Some of my past buys have gone through as sells,what will the morrow bring?
Well what can I say? not seen that much interest for a long time and mainly buy's. Please let there be some good news, I'll repositioned my prayer mat and go all religious,anything to get this share moving. I've held for over a decade in the vain hope of a return before I succumb to a zimmer frame.
Had I topped up at the beginning of the week as I considered doing I would now be in negative territory,if SP continues to fall back then I'll consider topping up. We're all speculators sometimes we get it right sometimes not. I have had my fingers burnt with other holdings in the past and sad to say lost money though not large amounts, e.g Sirius Minerals, lost 2/3 of investment but that's the way it go'es.