RE: Placing18 Aug 2025 21:52
Do we perhaps (perversely) want to see this over 1p so that a dilutive raise occurs?
I recall in previous raises I highlighted the slight positive that in current environment oversubscription and raising of funds at least an ability to raise funds.
From my experience in industry I am in (online retail) keeping the money flowing is incredibly important. Company I work for hasn't posted a profit in years. However various Loans and financing keeps everyone paid from staff to suppliers and as long as revenue covers repayments more funding is always forthcoming. What I have seen from some incredibly larger peers in the same industry that went into liquidation it was the inability to seek more financing that was the nail in the coffin.
Obviously Aym is a complete different industry but if firstly we accept the premise that Parys Mountain will at some point be developed, then money is required to further advance towards this goal.
Personally I would rather see more dilution and see further progression. At an average of 3.3p-3.6p the sp going above 1p and falling back down below again has no impact on my state of mind day to day. Stagnation on progress at Parys Mountain, and diverting attention away from this gem however does.
I cannot remember who it was that provided a very detailed Share price figure of 32p if Parys was in production ( I would assume this would be much higher based on potential future copper prices combined with low shares in issue) but it certainly buts things in perspective long term when we are flitting to what may in hindsight be very minor price fluctuations.
I still maintain what I said in 2021, is that anything below 5p is worth it for any LTH that believes this will be in production in the future.