Anglesey Mining Share Discussion Threads

[j5thumbs] 19/4/2024 09:24

Kennyp52, La plus ça change …. The suits nearly always seem to run a perfectly good business into the ground within 24 months of having bought it out. Old skool definitely has its merits.

[buttyboy] 19/4/2024 09:07

Perhaps I have led a sheltered life, trader. When I ran company's all my committees had to comprise an odd number of people and 3 was too many!

[trader465] 19/4/2024 08:24

“From a governance point of view, he ain't going to be submitting invoices for his private company-related work”

I suspect you have led a sheltered life? This is exactly how these fellas make money, invoices are routinely passed back and forth under the table, did you not know this?

[buttyboy] 19/4/2024 08:17

trader465, I reckon the AYM package will comprise salary and share options. A typical salary package for this role with a micro cap company in the UK could be anything from £120,000 to £180,000 and how he structures receiving that will be between him and the company. Someone yesterday sent a link to recent Companies House documents showing transfer of shares for his company so perhaps he was getting his "office" in order prior to this role being made public; and this could also explain the delay in his appointment ..... OR, he just might have been busy and preoccupied with other work commitments. The big upside for him will be the shares package and that is what generally incentives someone; if you don't get results then that package is as good as worthless. From a governance point of view, he ain't going to be submitting invoices for his private company-related work; if so, that has to be publicly disclosed and then there will be a fanfare!

[trader465] 19/4/2024 07:08

I’d say the new man will be rigorously firing invoices to AYM shareholders, his new appointment should double the income for his consultancy business. Keep the gravy train rolling

[buttyboy] 18/4/2024 23:07

I know I have been quite sceptical of this management in the past but this could be a turning point. As previously pointed out, I have my doubts on grade and some of the underlying environmental issues, but this new helmsman might see things different and that is his entitlement. Let's give him a chance (I note his term doesn't start until May 1st) and see how it pans out. He will have his work cut out (all CEO's do) but because he owns a consultancy company should not be seen as a negative stance.

[kennyp52] 18/4/2024 22:32

Pmsl trader465 .. husband and wife business .. just the 2 employees .. transformational appointment for AYM .. or just a nice little 1 day a week consultancy fee ? Sorry .. can’t get excited with this nonsense

[trader465] 18/4/2024 12:33

I’d say even Kooba has more cash than MarsdenGray

[laserdisc] 18/4/2024 11:53

what connection does ian have on latest rns thought he left in 2013 yet his name is mentioned rns Blocklisting - Interim Review

[stockhunters] 18/4/2024 09:34

more volume coming in recently

[kooba] 18/4/2024 09:29

https://uk.linkedin.com/in/marsdenrob"MarsdenGray has participated in the review of three M&A/ divestment opportunities with a combined value of over US$3.0 billion. MarsdenGray has conducted remunerated internal due diligence and advisory work on four underground (UG) projects, three open pit mine push-backs sustaining current operations, and a mill expansion. These projects have a combined proposed investment value exceeding US$2.5 billion."Looks very well connected and certainly not a retired hobby consultant...where does this stuff even come from??It is vital to have mining engineering experience to develop i mine i would have thought ! and being a graduate from one of the most respected specialist mining establishments in the world should not be an impediment because a previous director went there..ffs. Wondering how many UK orientated mining executives went to Cambourne..might be difficult finding one who didn't!http://csm.exeter.ac.uk/As stated the guy would have done his homework and will not want to sign up to a project going nowhere trying to raise funds all the time..he must see real prospects and i am sure is well aware there are frustrated shareholders wanting progress.Noting experience in reviewing m&a and divestment opportunities!

[kenwrong] 18/4/2024 09:03

Comments from the PR firm on Rob Marsden role at Rio Tinto and his own consultancy. He will have done his due diligence. Good appointment

[kennyp52] 18/4/2024 08:55

A retired engineer set up as a consultant for a few quid here and there .. I don’t see the massive attraction . Just a merry go round it seems to me 🤷‍a94;️ . Sorry but with trader465 on this one. Next few months will reveal if the appointment can make any kind of difference.

[buttyboy] 18/4/2024 08:36

And remember, it has to be a first time for everyone doing this job!

[buttyboy] 18/4/2024 08:34

trader465; in all due respects to the company, this chap will work as a team ... he is not meant to be a micro-manager. His job now is the build a reputable team around him. Remember, this appt has been on the cards for some time (like 4+ months) so its more than likely sources of finance have already been initiated .... if not then its going to be a case of shares in lieu of salary like with the previous chappie.

[buttyboy] 18/4/2024 08:05

The share price will flip up today, that's for sure. Remember a previous quote, "the market doesn't like uncertainty". However, the momentum has to be full-on otherwise the novelty will fade away. The IR/PR machine has to be in overdrive.

[mininglamp] 18/4/2024 07:52

A good appointment and hopefully he will be able to progress the corporate action surrounding Grangesberg that was 'close' in Q4 last year, that would deliver significant value to AYM.

They need to concentrate on Parys Mountain moving forward for sure.

An early interview from the new CEO would go down well, especially if he re-iterates the plan for Grangesburg.

With the Copper price flying this appointment is perfect timing and makes his job easier for sure.

The shares should start to re-rate IMO.

[buttyboy] 18/4/2024 07:27

Fair play, credit where its due ... good appointment. Now comes the hard task.

[trader465] 18/4/2024 07:22

AYM need a professional CEO, they’ve already had lots a mining engineers and geologists running the show.

“Rob is a Mining Engineer”

[bodgit] 18/4/2024 07:21

Good news indeed. Gla.

[trader465] 18/4/2024 07:20

Jobs passed around amongst stable mates from the Camborne school of mines 🤷‍a94;️

Just another snout in the trough, he needs to do a placing to generate cash for his salary, not going to be popular

[pistolpete100] 18/4/2024 07:10

Looks like a strong appointment - fair play to the board for securing someone which such extensive experience and connections within the industry

[calmtrader] 18/4/2024 07:09

Excellent appointment