The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Rhetoric and tone of your diatribe against myself along with your inability to express yourself within the Kings English other than in a lavatorial schoolboy way marks you out as an odious individual.
I really must stop baiting you
No one from AYM could be bothered to turn up at Parys for that BBC interview (my inside info from the BBC tells me they declined to attend). Locals on Anglesey have heard promises of job's for years so take what they hear with a shovel of salt.
Grangesberg closed in 1990 a year ahead of schedule. the workings are flooded, shafts capped and surface infrastructure exposed to the ravages of 30+ years of weather. This is not a case of engaging a new workforce throwing open the gates and hey presto back in business. This is not a start up it's a start again. God alone knows why it was bought in the first place. In order to benefit from a new steel plant it would need to be developed in tandem with the construction of said plant, there is no indication that is going to be the case.
In more than 30 years we haven't managed to bring Pary's back to production so taking on a project that we cannot fund and the development of which is years behind that of Parys is to me pointless. As previous we don't have a good track record.
There has always been a demand for quality ore so one is forced to ask the question as to why Grangesberg closed in the first place.
Yes I agree the assets in both cases and the potential is huge but as we've seen with Parys developing those assets takes an inordinate length of time. I stand by my assessment of mid 2030 for Grangesberg and hopefully late 2020 for Parys to enter production.
I'm a LTH of best part of 20yrs off and on but even at this SP I wouldn't be topping up, save your pocket money. I've lost faith in the DOB.
The late Bill said when asked a couple of years back about the rail link to Amlwch that AYM had no plans to use it. I'm aware of the railway in proximity to Grangesberg. I have to agree a new steel plant in Sweden can only benefit Grangesberg my issue here is we are going to be behind the curve. It's quite possible ore supply's are being negotiated at this early stage in the development and we are not in a position to supply and won't be for some considerable time. AYM's track record is not great and as I've previously pointed out there is a lot of work to be done to get Grangesberg to production. 2030 was a conservative estimate in all likelihood closer to 2035 with or with out government handouts.
The plant will be built before we've got a shovel in the ground. Without looking again at the Swedish Green Steel Plant proposal If I'm correct in my thinking they aim to have it up and running in just a few years. With our track record we'll be lucky to be in production at Grangesberg this side of 2030.
Clothes do make the man, it's first impressions. If your Zuckerberg or Musk who head multi billion dollar organizations and have people hanging on your every word there isn't a need to dress to impress. Jo bless him is CEO of a hole in the ground that was last mined over 100yrs ago I think more of an effort is required. There's to much dumbing down in society.
A year ago today we closed at 6.65p. It would appear you have more confidence in Jo than the markets or investors. Since mid 2022 the SP has been in reverse. There would appear to be a fundamental problem with AYM and for me it's BOD.