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Mmmm ... if that were the case I would expect those doing that to wait for the price to rise quite a bit more before actually flipping (as you say).
Seems to me that the sales are more likely being made to keep the SP low - is there not a moratorium under SE rules on those linked to AYM and QME from trading in the shares until the report is published? It doesn't stop individuals operating at 'arms length' from trading though even if they are not really doing that (very hard to prove collusion and the SE isn't much concerned about chasing suchlike with small stocks like AYM).
There is more to this than meets the eye for sure.
Well you could be right of course but the 40 year availability was based on the amount of steel that was calculated to be needed before Covid . The pandemic has changed things so that one of the options governments are looking at to try to make up for the catastrophic economic downturn experienced by all and the likelihood of significant unemployment is large infrastructure projects. There will also be a stockpiling of steel by many countries as they worry whether they have enough to meet their own needs - this government's refusal to help British Steel is going to come back to bite them and bite them hard - governments are just as prone to panic stockpiling commodities as households are to stockpile toilet rolls. Maybe HMG won't do this in the beginning but that hardly matters if other nations do (Boris and his circus will catch on late in the day as always).
Obviously I want this to be the case (not the bit about Boris again coming late to the party though) and there is good reason to believe it will be the case. As is so often the case, time will tell :)
Ahh ... I see that AYM have finally updated their webpage on Grangesberg which explains what you are saying. A few weeks ago the relevant page was the one that went up in 2013 and which referred to an option that expired in 2015 with nothing to indicate that the 2015 option had ever been exercised which made me think that they had lost it.
The new website and new page on Grangesberg is encouraging indeed (though this is not something that has happened in the near past (they bought these additional rights in 2019).
However, I am relieved to read what is now on the website and that the website has finally been updated in its entirety which is itself a positive sign that the BOD have stirred from what has been a long slumber - hopefully they will fully wake up in the coming months.
With the need for western governments across the world to invest in infrastructure projects to try help their economies after Covid, the need for steel and therefore iron ore will increase hugely . In fact with the coming of IoT and increased tech investment the need for copper will also increase massively so Parys Mountain should become very viable and valuable (hopefully).
Just been going over the volumes of trades in recent days and weeks and I can't help but think that there is a concerted effort to keep the share price low by strategically selling when purchases are significant. The share price should be significantly higher by my reckoning but it's being held down by a constant flow of largish sales which are very much at odds with the big purchases on the 24th. Those big purchases on the 24th would normally indicate that some bods with insightful analysis (I'm not suggesting insider trading though) are expecting significant positive developments in the not too distant future which makes the continued number of relatively large sales somewhat odd imo. If you are holding a couple of million AYM shares you could afford to sell a couple of hundred thousand to try to keep the price low - who knows there may even be concerted actions by a group who hold many millions and want to push the price down before moving in with some really big buys. The last sentence is pure speculation on my part - it does happen though - but if I am right there will be a 'trigger' point (price and/or date) after which there will be some really big buys. With this thinking in mind, I think that the share price will improve significantly in the next 4 - 6 weeks so if you haven't got a reasonable holding, a punt at the current price must be worth taking imo. If you already have a reasonable holding then 'hold'. Just some thoughts for what they are worth.
Keep an eye on TATA Steel to see how the markets are pricing this market segment - they have a 'buy' from a number of analysts and are - imo - a bit of a barometer as to how things are going to track. They fell drastically during the worst of Covid but have started to climb again (although they are a long way from their 2018 price).
Just my thoughts.
I've read some of the stuff GB pushed out but a more likely explanation for no big announcement is in part the Covid situation coupled to waiting to hear what the Govts' (WA and Westminster) are going to do re pumping money into the economy to try to kick start the recovery (Keynesian economics on steroids). You have to remember that Anglesey now has a Conservative MP after years of either Plaid or Labour (last Con MP for YM was Keith Best in 1983) and Boris is committed to trying to keep the newbie Con MPs 'alive' in the next GE. That is potentially very good news for AYM and once the new spend to boost hard hit economies like Ynys Mon start filtering out. Couple this to the likely significant rise in the cost of copper due to the vision of a very Tech enabled UK (the same as all the developed countries) and especially the remote areas of the UK who switched to the Cons in Oct 2019 and you have some serious potential for a significant push to get AYM going. The Swedish ore resources should also benefit since infrastructure projects require steel and large infrastructure projects require large amount of steel and many of the developed countries will be looking to spend their way out of the Covid induced recession by doing the same as Boris intends to do which means the need for a great deal of steel.