Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I'm sticking with it, but should you put forward a motion to liquidate the assets in Parys then would I support it. One can only hope that the BOD are beavering away behind the scenes and out of the blue as usual make an announcement .Lack of a time frame is so frustrating given the prices and the coming demand of metals should the much talked about infrastructure come to fruition.
I'm a LTH . For the past twenty years they've done nothing , no time frame just a hint that there may be jam later. In any other company the DOB would have been out on their ear years ago. My original holding was bought at about the 6p mark and subsequent top ups between 2.10-2.50p yes I could have sold at the recent high 9.00p mark and gone away happy but I'll continue to hold with the expectation of double figures when positive news is announced. I have said in the past that should the SP drop back to the 2p mark as looks likely then I'll top up again. No I'm not trying to talk the price down I just see it heading that way. My holding has not been continuous for the past two decades as I sold and bought back in but missed the peak of 88p.
AYM are frustrating but as I don't need the money back from my investment at the moment I'll continue to hold.
I don't like to see the SP where it is but this is the result of an RNS which was nothing more than a statement of intent but with no meat on the bones. Once the hour long euphoria was over and people digested it's content only to find it was jam ,later maybe! and given the snails pace that the BOD have worked at over the past two decades investors took their money and ran.
Yes there is a lot going for AYM, hopefully this will be the year but some certainty is required in the direction the company is taking we'd do like to know what the road map is and at the moment it's all if', but's and maybe's.
As predicted a couple of weeks back SP was unsustainable and given the further dilution not wholly unexpected. Will not surprise me if this drops further and no I'm not talking the price down in order to buy in cheap just a personal observation. It would have to drop back to the 2p mark for me to consider another top up.
my prediction from beginning of week of SP of 7p or slightly less has come true with afternoon trading today. I don't know why some were outraged claiming I was de-ramping I can assure you that was not the case ,merely predicting what I saw as obvious. PEA merely confirmed what we thought we already knew (there is an awful lot of recoverable in Parys) the one bit of information it did not include was a timeframe for moving forward, had that been included SP would have gone North rapidly. Once everyone had a second look SP fell back in short there was nothing much in PEA to support the sudden peak or move it into double figures. profits were taken and others bailed out to invest elsewhere due to the uncertainty.
Whenever companies release reports/RNS there is always movement in the SP which are rarely sustained, SP will peak on supposed good news then slip back, drop on supposed bad news then within days regain the loss. It therefore was not unreasonable to predict a drop to 7p that being a halfway point approx. between year end price and spike price .Three out of this weeks trading says have seen more sells than buys , so plenty of share available when you add in brokers house stock. So for what it's worth my thoughts are that trading will be around the 7p mark for the next few days. Commiserations to those that bought in high.
If that's me your aiming at I'm not de-ramping, 7p was merely a personal prediction, SP is largely governed by supply and demand and that's where the MMs come in. I like everyone here wants a higher SP and for the moment have no intention of increasing my holdings in AYM believe it or not I do have other interests.
Yes I am aware of the world, but all our resources are still in the ground therefore making price-demand rises irrelevant and in the case of Parys in view of latest RNS/PEA likely to remain there for sometime if not indefinitely which would leave us share holders of a SSSI on the North West of the Isle of Anglesey.
Once the PEA has been poured over and digested I think 7p is a conservative figure and may slip lower and no it's not a price I'd buy in at. As a LTH I've average down through top ups my breakeven being 3.85p so at yesterdays peak as stated I could have pocketed a handsome return but I still have a little faith left in AYM and as also stated right now I don't need the cash.
As I see it at the moment mine lifespan of 10-12yrs is not attractive enough for investors.
Despite the crystal ball gazing, hype and optimism it seams clear the PEA didn't deliver and was not the panacea the market was expecting. The initial euphoria of the first hour of trading soon slipped away and with it the SP. Once again AYM are in a state of equilibrium. For anyone thinking of buying in wait a few days as I see this SP dropping to around the 7p mark or perhaps even a shade lower over the course of this week.
RNS/PEA appears inconclusive and the figures may or may not stack up in the final analysis therefore not attracting the funding required for pre-production costs. If I'm correct a couple of years back the life expectancy of Parys was in the region of 8yrs,an increase of 50% given that the pay back time is predicted to be 5-6yrs may prove a sticking point with investors. I don't doubt the tonnages - daily throughput of the analyses in the various scenarios or the fact that at some later stage if production happens there will be further exploratory drilling.
The euphoria of the announcement appears short lived as the figures are now being digested and perhaps seen as less optimistic than first glance also I assume a lot of profit taking going on. We are still a number of years away from production and in these rapidly changing times a note of caution would be wise. In my opinion for what it's worth Grangesberg- LIM are side shows at the moment their influence on the SP long term being marginal. As always share holding is a risk. As a LTH I'm prepared to wait, my holding is not massive but not inconsiderable and would even at todays prices give a very handsome return, I'm not desperate to cash in and can afford to hold in the hope that our somewhat geriatric BOD manage to pull this off.
There has been much guesswork ,educated guesswork, speculation and crystal ball gazing over the past week ,but has it's been pointed out if the daily tonnage is not sufficient to produce a profit then Parys is never going to happen. We are then share holders of a Heritage Park . That having been said surely there is sufficient collateral within Parys to secure finance against, in order to get the project underway or have I already answered my own question (daily tonnage)