Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
If anyone cares to read the 16th March Director's statement about exercising the 'under discussion' share options you'll see that an application was also made for a block listing of 10million additional shares which, I understand, was approved on the 17th March as indicated in the statement.
In other words, the directors will grant themselves some additional share options from the mentioned 10million. This should give comfort to anyone who is reading a load of negatives into the selling of the shares yesterday.
The directors continue to have a lot of skin in the future of AYM being successful.
It's not a biggie when you consider that (subject to Juno's blessing) they can grant themselves options going forward. As someone else commented a couple days ago, this is how they get paid since they don't pay themselves a wage (thankfully!).
if you look at the published (via RNS and AYM website) document's first two tables and their accompanying sentences you will see that the director's divested themselves of all their shares apart from Hooley who kept 200k. I spoke to AYM's broker who confirmed that was the correct position.
Georgie ... just look at the opening two tables and accompanying sentences of the PDMR which constituted the RNS. I also spoke to Monecor who said that this is the correct interpretation and - as AYM's broker - they should know.
It must be as you surmise that they have plenty of other options and they just took some pocket money today. The only other thing that makes sense is that they are going to stand down and the main shareholders (not the current directors by any means) are going to appoint some new blood which would be very exciting indeed. This latter possibility would explain why this share has been in the doldrums for a few months as the existing board negotiate an exit package.
The RNS and notification of Directors Deals seem to be at odds with each other - the notification says that three directors exercised options to buy whilst the RNS indicates that all four directors sold shares. Some info is either missing or someone's got their messages mixed up.
it does seem very odd indeed. The RNS and notification of Directors Deals seem to be at odds with each other. Should be a clarification tomorrow or at least there should be.
What would be the point of such a motion? It would never be carried in a million years.
Given that the price of Copper is only going one way and significantly one way there will come a time (soon I believe) when even a the most reticent to act BOD will have no choice but to act. I am not saying that the BOD here are reticent in that manner though as I am not privy to their discussions.
The relevant 'movers and shakers' in the commodities markets are however well aware of AYM and if you are following articles in Mining.Com and other journals you will know that even relatively small/medium resources of the type owned and optioned by AYM are becoming increasingly attractive to investors/miners.
https://www.mining.com/web/trafigura-sees-green-copper-supercycle-driving-prices-to-15000/
The demand for copper is going to surge. It seems that few have really grasped the need for copper that Electrical Vehicles, Green Energy, Grid upgrades, IoT, Robotics and so on across all developed nations (including China and India of course) is going to result in.
However this hasn't escaped the attention of Trafigura who are the World's biggest copper trader (way ahead of Glencore).
Also, other ardent copper bulls including Goldman Sachs Group Inc., Bank of America Corp. and Citigroup Inc. who have similarly strong near-term forecasts. Goldman expects copper to hit $10,500 a tonne within 12 months, while Citi sees it reaching $12,000 next year in its bull-case forecast.
See this enlightening article in Mining.com:
https://www.mining.com/web/trafigura-sees-green-copper-supercycle-driving-prices-to-15000/
Those who miss the boat when AYM's SP is this exceptional low (or anything below 8-10p tbh) will be kicking themselves as the above sentiment soaks its way through to investors and the SP price goes up very significantly.
"Demand outlook for copper (and other metals) may well be very strong, but there's no profit in it for anyone while the ore remains in the ground, with no obvious plan to dig it out !" - just think about what you are saying for a minute and if you can't figure it out, read Jimarillo's post.
Iron ore won't be dropping back to $100tn this year or next year. The price of 62% ore is holding up very well and the naysayers have all been proved wrong as you will be. BOD is moving in the background - you wait and see if something doesn't move this month.
I think that there is something in the offing. Copper is only going one way as far as I can see. I know about the continuing Peruvian activities of the Chinese but that in turn means that Europe needs to secure its own copper and Parys is sufficient to warrant attention and development. I suspect that there will be a race to secure copper resources. The money being earmarked to develop iron ore mining in Africa (especially by the Chinese again) is massive and again there is going to be a race to secure resources imo. Iron ore still holding up very well despite some profit taking.
Yes, I think this is showing faith or maybe confidence that something positive is in the offing. It's not trivial money either - £20k is not chicken feed for most and I doubt it is for the 2 who have bought a million each (and £10k for the other 3). I therefore take this to be encouraging and given that a 'blackout period' won't apply to these kinds of transactions by the BOD of AYM could be a marker for some some exciting news soon.
What it means is that given that there aren't a great many shares available then provided the shorting is below 0.5% (not difficult where shares are not plentiful) then having a definitive answer to the question of shorting isn't available.
Nevertheless, if no one is reporting 'shorts' below 0.5% irrespective of the SSR regs (which is my understanding) then a slightly smaller short level on the small number of shares available will have hugely disproportionate effect on the SP.