Negativity around the share price22 Nov 2022 20:41
I see alot of negativity creeping in regarding the sp, which as a holder I get the blues on the days I see the severe 50% loss my shares currently sit. I think probably now its even closer to 55%.
I would however like to say all my miners are down this year and all are at historic lows. So overall market sentiment and external factors are equally at play in aym.
Regarding the slow progress for those of us who have been invested less than 5 years, it to me seems a very (albeit slow) progression is being made towards production of the two main assets. That being said for me I always had a 10 year investment time frame as a potential to invest and reach my desired return on my investment as I was fully aware there is a process involved in getting this to production.
I think it has been mentioned in various interviews with Jo that the biggest risk currently is permitting, and when/if that obstacle is cleared it not only significantly derisks the Anglesey mine, but may bring this share to the attention of bigger investors, or perhaps that is to say derisking may then make this an attractive purchase for those bigger investors not willing to put money in until it has been derisked.
That all being said there is a concern in my mind that we may not get permitting, however I see that as less likely especially with the current geopolitical issues playing out in the world. I do however have a greater concern that derisking the project does little to ignite the sp upwards, or indeed the path towards production is not proceeded upon.
Again what keeps me in here aside from the magnitude of the hit I would take is the potential. I also reiterate as I may have done on past occasions that the shares in circulation are relatively low and we saw a rapid rise in recent years touching 8p or so very quickly on buying pressure. Any sustained buying pressure could see this rise very quickly, particularly of larger buyers begin stakebuilding.
I note myself purchasing shares wasn't always the easiest. I had to split into 3-5 purchase transactions, particularly if the share was rising or there was buying pressure.
I understand the frustration for those that have been here a decade or more, but I think for me the potential will see me at least see this through until the end.