kooba, you say IR and PR costs money; yes it does but look at it a different way; if the share price goes up by just a quarter of 1p then that adds an extra £1m+ to the market cap. Secondly, you cant expect investors, potential or otherwise, to call the company and ask for an update because there isn't anyone there who could afford the time required to fulfil this task, it would be too onerous. Thirdly, yes, as I mentioned some time ago, the PFS is the next significant (IMHO) milestone and it was earmarked to be completed by this year end. You know and I know this is not going to happen; the cash isn't available to fund this so a re-visit to the friendly faces at Zeus Cap (aka WHI) will probably happen by mid December (they enter Christmas party mode thereafter) and if a fund raise occurs when the share price is at or around 1p and assuming the same discount rate as previous then new money will come in at 0.7 of a penny. Food for thought! |
Old boy (UK, dated) A familiar term of address for a man of any age.I am glad that i at least was in the right pronoun ballpark..I do not think the uk small company market is at all efficient in valuing many types of company right now but i do consider Parys to be a quality asset that is both deliverable with very positive economics..thats what i tend to focus on rather than the day to day disappointing price action and lack of investor interest. Ultimately i think it will the industry rather than the retail market that will value the business and i see a big anomaly between the two. |
 Ir and pr cost money..they have had some excellent pr recently as it goes such as the telegraph piece..as to ir have you tried to contact the company direct? They can obviously only announce what is relevant to investors and that is not going to be a weekly occurrence. I spoke to Jo a few times and found him straight forward honest and open , i had questions and got answers . i haven't had cause to try to contact the new ceo since he has been appointed but might try as i am conscious that much of my view rests with the production of a PFS and i cant see there is a timeline for this to be produced. It would be at that point that funding , alt funding and possible sale can be better explored and we will have an up to date economic profile of the opportunity. So if any one else gets in touch could you ask them when they target this key document to be produced. This company although there is much moaning on the placings operates on a minimum expense basis as far as i can tell and makes shareholder funds go a long way...i have other miners that are/were far better funded and they find great ways of spending money and still go no where fast..even some producers such as HUM not exactly having a great time down to the debt levels they carry ..but I'm sure if someone came along with a few £m here they could accelerate the process to get the project ready for production ..but that would likely be far more dilutive than the hand to mouth existence they currently have.I think it's a great asset and they will get there eventually and hopefully there will be significant value to shareholders ..im not sure more pr ir or much else is going to change their predicament but a PFS or up to date economic assessment could well draw some interest. |
kooba; reference your post # 7643, less the "old" (I am fairly young!). I am a 'boy' though but one can never tell in today's age!
Right, the share price has just hit a daily high of 1p. Surely kooba, you must be at your wits end with lack of good news flow and managements inability to engage with shareholders via retail investment shows and the like. What is frustrating for me is knowing the upside of Parys Mt., not as a large-scale mining operation, but as a small-medium sized producer, but the IR and PR impetus just isn't there. Management just don't seem concerned with engagement. Yesterday, you mentioned CUSN; this is back up to circa £50m market cap because they are pressing the right buttons at the right time (look at their recent news flow). Look at ORR.L which I'm in but never expected it to reach these heights (circa £12m market cap) ! |
Maybe spend a bit of time on this presentation that might get you better up to speed...i am really not here to do everyone's research for them when they make silly statements and observations.https://youtu.be/BcW0KTeV3WM?si=hpdNW5QOjQZXeF2J |
kooba,
I'm interested in all mining companies, it's my investment focus.
The point is they have not made any progress over 30 years, and during that time they continually raised money by selling multiple placings to investors, yet that only served to reward management by salaries,expenses, bonuses, pension contributions etc.etc.
If it's "rubbish", please feel free to outline the progress they have made at Parys Mountain over the last 30 years, I'm all ears.. |
Highley1 what is your interest in this company exactly..all you do is repeat about 30 years of no progress on Parys over and over ..which is rubbish in itself. What's the point? |
I think many do not get the point at all to be fair...the company is trying to maximise the opportunity in the project and derisk development , its part of a process to demonstrate the value and make the project attractive to finance or to sell on to a larger company as a spade ready opportunity.The get maximum value you need to do the work.Selling the land without a viable mining opportunity is not going to raise much but a smile.What news are you expecting after the news a few days ago exactly? |
Buttyboy what hype..i am not hyping anything old boy just pointing out some home truths and not spouting negative bllx as a number of non holders do here. If you think i have posted anything but facts please point it out immediately.You are allowed to see the value here even if many and the market are not reflecting in it you know!! I have never hyped puffed or advocated anyone should buy as it goes..unless of course you want to prove me wrong by evidencing that...i have one account and do not edit ..help yourself. |
Push management to do something meaningful
Advertise the mine option on a competitive royalty |
Current share price 0.94p
Still no news.
All this hype from kooba about upside etc; well kooba, push management to generate news to keep shareholders informed and then perhaps the attitude on this and other forums might improve. |
You're missing the point.
The truth is after three decades there has been little to no progress at Parys Mountain.
Successive managements have rewarded themselve at the expense of shareholders, it's just another transfer of wealth vehicle, the AIM is full of them..... |
All the talk of 3 decades and no progress is interesting ..just how long have people held to bemoan the progress before they invested ..and would it have been an idea to get a grip on the history of the area and the company before investing rather than moaning afterwards?There does appear to be a lack of acknowledgement that during that 3 decades the company got somewhat sidetracked into being a material investor in an iron ore project and the shares appreciated by many multiples and likely were the best performing uk share for a year or two...that rather meant there was no focus on the copper asset that is Parys ..the underlying price of the resource to be extracted does play a part in the value and the economics of developing a mine. The economics now make a lot of sense since the resources held in Parys are at very attractive levels and the outlook remains positive.For those that invested 3 decades ago there was a chance to get out at close to 100p in 2011 at a massive profit ..if you didn't sell thats on you!! |
"A marathon, not a sprint"
Well this "marathon" must break the Guiness book of records, 30 years on and still no progress!!
There are plenty of decent mining companies out there making money and with rising share prices, why would anyone remain a holder here? |
Yes Kooba - I am invested, having bought in at two different price points. But it’ll take more than your questioning my status to tempt me in for a third lot of this rapidly depreciating dog of a share. And I don’t put money into a ‘start-up miner’ to make a quick buck. Even a slow buck would be fine, but no buck seems to be the likely outcome here.
You want facts? Declining S.P. is a fact. 3 decades of pitiful non-progress is a fact.
Bullish PR press releases shortly before yet another dilutary placing are not facts - they look more like an attempt to shore up the price temporarily.
How many more decades will elapse before even you lose patience? |
Are you invested out of interest? Or just like some others who seem to think talking down a company they don't own is doing anyone a favour? |
Kooba, calmtrader. Confirmation bias is a terrible thing if it results in a Pollyanna-like positivity at all costs. £120,000 p.a. is a nice little earner if you’re only heading a loss-making “might..be..a..mining…company..one..day” outfit that drip feeds dilution on a regular and predictably frequent basis.
Yes, we doubting Thomases are fully aware that fledgling wannabe miners work on a different time/space continuum than, say, Lloyds or Aviva. But thanks for constantly reminding us.
A smart investor is one who is able to see upsides and downsides in the companies they invest in. And pull out before losses become too great. To do this, rose-tinted specs first need to be removed. There’s no shame in changing your opinion on a market play. |
Cornish Metals is ex-Strongbow Res; one of Gren Thomas’s initiatives. |
I agree kooba with MRNA; I did sell a chunk at 4x profit and then bought back in whilst the sight of the pandemic was in sight.
I’m also in Cornish Metals; they had a market cap of £50m; got rid of the CEO due do his perceived lack of mine dev exp and the stock has t really recovered. |
ButtyI see Moderna has had a tricky year ..down more than AYM...hope they recover too.It's weird folk who claim to be experienced investors do not appreciate the timescales involved in certain industries like mine development ..it's a marathon not a sprint and also the current funding pressures in small caps in the U.K. is as bad as it ever has been with virtually no institutional players now , also that there is not news every week on small companies and that on virtually no budget Anglesey has got quite a bit of coverage recently. It's tough out there for small caps and valuations...that does not in many cases necessarily reflect the potential value right now. Although there has been dilution to pay for work to firm up resources and working capital the project is more valuable now than it has been for decades ..maybe the market might realise that at some stage.Bought a few Cornish Metals recently that is also an interesting U.K. play pre development they are suddenly attracting buying interest as they move towards seeking project finance from being friendless a few months ago.Things can change!Hope they do here..I like the prospects if efficient funding can be secured. |
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