Member Info for Trio

A sorry end indeed. Good luck alligin.

And until there is evidence to the contrary, I'm assuming that MM's investment was nothing more than a reckless flutter at his local pub's Christmas tombola where his lucky win was rewarded with a cheap box of Terry's All Gold (probably donated to the charitable event by virtue of it's expiry date).

Yes Thelix, time to stop OXPEXIT, and vote to remain!

I'm still waiting for "Smart Investor' to credit the SCRIP to my account. 13 weeks since I triggered the transfer to HL, but unfortunately the farce continues ... :(

gemstar, you said "..the company's brokers are forecasting large losses for the next 2 years.". For the benefit of all could you please provide the links to relevant Shore Capital report? Many thanks.

Another month without news on the four contracts, but the financial year marches on relentlessly.

Yes I agree glenalmond, and with administration presumably not too far away, I'm officially classifying myself as a member of the mug club :)

ash666: they have reported a profit, and, as you said, there is also the prospect of jam tomorrow.

Barclays paid cash dividend into my account today. They promised the SCRIP but it was in the end too hard to implement. Total joke. Transfer to HL can't come soon enough, although they are still estimating 14 weeks from the point of starting the process, but in my case, already 3 weeks since I triggered the transfer, they have not started the process. Shambles.

Thanks southwesterner, I was beginning to wonder if someone was going to reply to my recent ramblings, but in the end, it was well worth waiting for :). I didn't get an impression from Bill's presentation a clear sense of a phased approach, but as you have alluded to, I think, it would not be necessary to raise entire $53 million capital prior to developing the mine to the point of first production. Taking a staged approach in the journey towards full production and beyond, raising funds as required, is surely more viable than raising the full capitol prior to starting any construction. Bill may have said this, but if he did, I clearly missed it. Bill was indeed fixated on the development of the Morris shaft but there was also major focus on the 2.5km ramp; it didn't make a great deal of sense to me why the development of both were required, and I was really just questioning the economics and efficiencies of Bill's intended plan

Yes HL provide a good platform, I have a SIPP account with them, and I have no complaints. Barclays are now saying they will credit the accounts of DKL holders within 5 days. The vast numbers of people transferring out of Barclays means that the transfer process is expected to take 14 weeks, but I suspect that figure to rise!

Hi Smilingyellowvan, was it paid as a SCRIP? I get a different story every time I contact them to make a complaint.

The fiasco continues on the new Barclays Smart Investor with the DKL dividend still not clearing into customers accounts. The latest excuse suggesting that it was paid to the accounts on the old platform, and hinting that the fault lies with the DKL registrar. The backlog of account transfers to other providers is now so massive, that no credible estimate is being given for completion of transfer. Unbelievable!

The cost is based on a tunnel with dimensions 5m x 4m x 2500m at 1-in-8 decline through hard rock.

I would be interested to know how the $53 million capital cost was calculated. A ramp at 1-in-8 and 2.5km in length would I believe account for $15 million ($6000 per meter), a huge slice of the $53 million. This figure doesn't include equipping the ramp with lighting, electrics and other fixings. And it should not be overlooked the there is intrinsic risk with this type of shaft. Diamond Corp I believe constructed something similar, and it is now well documented what happened to that mine, a catastrophic flood which overwhelmed the pumps and major damage ultimately causing the company to fold. AYM take note, extra large reliable pumps needed, probably not of the second hand variety. Does anyone else have more details on the costs and risks of the mine construction? Thanks T

MM, a plan that goes something like: 1) Day zero, Raise $53 million 2) Spend three years doing some stuff 3) Begin selling the zinc, copper and other deposits 4) And hopefully at some stage the mine becomes profitable, and investors get their reward. would be puerile, but I have to say, the plan as presented by Bill was not much different. As slick as Bill can speak about his subject, the bottom line is that he, and presumably his esteemed colleagues, are behind the times. There was a serious absence of adequate risk assessment in the intended steps to bring the mine to full production. It is inconceivable that $53 million can be raised against a current market cap of $5 million, to effect a three year plan that might bring a mine into operation for a period of 8 years, but on the back of a carrot of a 30-40 lifespan, but we won't know much more about that until later. The young eloquent lady who spoke, at the Parys mountain site, with some passion about the use of zinc in the pharmaceutical industry was somewhat dismissed, but I rather suspect that a number of people, as I did, felt a deep sadness for Bill's total dispassionate response to her calls for the BOD to seize the massive opportunity open to AYM and adopt all the social media channels which all successful ventures of the twenty first century now embrace and utilize to significant effect. A number of people attempted to make light of the situation, suggesting she should volunteer for the post of Social Media Executive (or such like). The real message here is that things need to massively improve. New blood needed, and needed urgently.

T5, Gareth is surely alluding to purported events that took place around 1989-1990,when perhaps regulation was less rigorous than it is today.

Well let's hope they can raise that few million in quick order, and use it to pump out the water, establish that it doesn't contain toxic waster. It is surely easy to lower detectors and/or camera's and not much more difficult to lower a person (presumably Bowden would be a willing participant, and we wouldn't necessarily need to bring him out again :) ); a winch rig, of some industrial size, would probably suffice for this task. The focus though really needs to get the inferred deposits converted to actual, and if the shaft can be developed to play a part in task, it surely makes sense to do so! To raise $53 million against the current value and market cap of this mine (approx. $5 million?) , as things stand, seems unlikely.

I don't know Gareth, he may have been one of the people I saw taking to Gordon Bowden in the car park on the day of the site visit. But he made a public disclosure with his details and intention, on 22 and 23 August, to attend the AYM event. Whilst he didn't make a statement regarding his affinity to the Bowden camp, it doesn't seem fair at this juncture to attribute him with such a toxic label i.e. Bowden-believer.

Brent, that machine is too big to be lowered down the shaft, so that would be one reason they need to build the costly 2.5km one-in-eight inclined ramp.