Trader,
To be fair, AGMs are normlly in London, mainly due to it being the financial centre and all the brokers and fund managers are located there.
If a company holds their AGM outside London, it's generally because they don't want investors attending, IMO. |
dan,
Correct, but maybe Parys just isn't a viable project at all?
Hence the 30 years of failure to move it forwards? |
You will only see progress at Parys if you call out the current and past directors for their failure to achieve nothing other than spend shareholder money |
I think it’s a totally fair and realistic assumption.
Will Battershill be attending? Will he be flying economy class alone? Or will he be flying businesses class and bringing his wife for a few days shopping in central London at the expense of shareholders? |
trader465; that is a totally unfair assumption! The CEO lives somewhere off the A34 in Oxfordshire, the interim (still) Chairman lives "who knows where" and the ex-CEO, now non-exec, lives in Oz !!
If AYM were to hold their AGM on the Isle of Anglesey then it would be a first; all the directors on the land of their principal asset all at once ! |
Kooba,
No need to be patronising.
So, in 30 years, what exactly have AYM achieved for their shareholders? |
Corresponding on this thread the other day regarding the effective use of IR and PR before I was knocked back by the high and mighty, take a look at a Canadian junior called "Golden Cariboo Resources" (on a market platform equivalent below the ranks of the AIM/TSX/v) and see how much news they are putting out, how effective they are at raising money, and perhaps more importantly how the guy at the helm, flamboyant and confident he is and how he gets the message across which people are obviously listening to because their fund raisings are always over-subscribed. Come on AYM management, take note. |
AGM this Friday..anybody going? |
One minute folks moaning about the cost base next they want more costs...I'm not so sure that one couldn't speak to the Ceo ..as i said Jo made time to talk to investors if they had done their homework and had reasonable questions that could be answered. So i might try.As to predicting the company does not run on thin air then i would have to agree that the company will need ongoing funding from its shareholders as has been the case for a while..i'm not sure that would surprise anyone.Will keep you posted. |
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!! |
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