The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Stocks may well be down but there's also a downturn in the global economy so less Zinc,Lead etc is needed at this point in time.With all the confusion going on over America-China trade talks,Brexit and the general down ward trend in Europe (Germany in particular) it's of no help to AYM. AYM/QME are a year at least away from anything coming out of the ground so in the short term stock levels are irrelevant and therefore not to our advantage which to long suffering shareholders is a bit if a body blow. As with everything in business it's no use producing something if there isn't a market for it,larger players in the industry can quickly make up any shortfall even if they have scaled back their operations as they already have everything in place,AYM aren't.
Mining has taken place at Parys for thousands of years, would it be financially viable / practicable to re-examine spoil left behind by such operations.Modern technology would surely be able to identify any ore-minerals that earlier mining operators overlooked or weren't interested in.Just a thought.
Are QME going to be using those awfully nice red/yellow thingies on gorgeous fat tyres or sticking with the BOD plans for using second hand equipment.Looking for ward to the New Year. Happy New Year to all those who have brightened up the past year with their comments and observations.Lets hope we can all make a few bob after years of patient waiting.Good luck all.
More sells than buys again,seems investors aren't interested or is SP expected to drop back around 1.40-1.50p or is everyone holding off till they've paid for Christmas? As previously stated dealers/brokers have millions of shares on their books and until such times as demand starts to outstrip supply we're not going to see any great upward movement in SP.There will be minor spikes as information leaks/drips out but double figures we won't see till those nice big red or yellow machines turn up.
Where have all you pundits gone?RNS today SP back to where it was a week ago.What happen to 2p by the end of the week? RNS just reiterates all past RNS,that further studies are needed and there's possibly some jam for everyone at some point in the future.Clearly the markets weren't impressed.This stock will only raise significantly when those big yellow things on wheels are actually sited on Parys and the lights are on in the porta cabins.Today's RNS seems to suggest 2021 at the earliest,that's if all the finance is in place.Haven't ordered new car on strength of this weeks performance,seems old one will have to do for a couple more years.
Mother Theresa thinks she can hoodwink us all with her propaganda tour of GB.All that has been agreed with the Brexit deal is that the other 27 member states agree we can leave the EU on their terms.Nothing else has been agreed so how and more to the point why is she and her acolytes promoting this as the best deal available.David Cameron went to Brussels and asked for half a loaf of bread and didn't even come back with any crumbs,when he shook hands they had tree of his fingers as well.This deal is even worse.
All the pundits were predicting 2p by the end of this week,well that hasn't happen either.You may have confirmed my suspicions of delusion but none of us have crystal balls.Sold AYM in April 2010 at 41.35p and there was nothing coming out of the ground then.Recoverable assets haven't changed over the last eight years only economics.Bought back in May 2013 at 8.1p, topped up in Feb this year at 2.49p so not yet in profit.Only time will tell who is right and who is wrong.
Until this weeks RNS there were days when there were no trades registered for AYM.The euphoria has already died away and as I predicted on Monday the SP is almost back where it started.Due to years of inactivity this stock has been off everybody's radar,Brokers/Dealers have millions of shares on their books and until such times as demand outstrips supply the SP will remain below 2p.With 177,000,000 approx shares in issue we could be in for along wait to see any tangible returns on our investments.Another RNS will provoke another spike then die away again.It will not be till the stuff starts coming out of the ground that the SP will get into double figures (at least two years away).Short termers will always make a few bob due to the volumes they acquire,me I've held for a number of years and top up now and again.I'm looking long term with the expectation of a 50p plus SP I might be deluded but live in hope.AYM is only a small part of my portfolio so happy to sit it out.
Long term holder of AYM,need 6p to break even.Don't see that this side of Christmas.Once present euphoria has subsided we'll be at or abouts where we are at present.We're still a long way from getting the stuff out of the ground it will be then and only then we can expect any substantial returns on our investments.Lot of short term speculators at the moment,but cautious optimism and everything crossed myself and many others will eventually it would seem see a return on our investments.News was long overdue so Whoopee we're under starters orders at last. .
Assuming a sale price of £10m how doe's that square with the supposed recoverable assets (abt £1200m) surley £10m is a bit on the cheap side.OK there would be start up costs to take into consideration but it would still appear to be a car boot price or is it a buyers market?