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AYM Anglesey Mining Plc

1.40
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglesey Mining Plc LSE:AYM London Ordinary Share GB0000320472 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.40 19,476 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.30 1.50 1.40 1.40 1.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Metal Mining Services -961k -0.0023 -6.09 5.88M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:44:14 O 1,333 1.50 GBX

Anglesey Mining (AYM) Latest News

Anglesey Mining (AYM) Discussions and Chat

Anglesey Mining (AYM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-24 14:44:141.501,33320.00O
2024-04-24 11:26:131.31610.80O
2024-04-24 10:33:021.302,58433.59O
2024-04-24 10:33:021.307149.28O
2024-04-24 08:00:011.309,118118.53UT

Anglesey Mining (AYM) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by Anglesey Mining Daily Update
Anglesey Mining Plc is listed in the Metal Mining Services sector of the London Stock Exchange with ticker AYM. The last closing price for Anglesey Mining was 1.40p.
Anglesey Mining currently has 420,093,017 shares in issue. The market capitalisation of Anglesey Mining is £5,881,302.
Anglesey Mining has a price to earnings ratio (PE ratio) of -6.09.
This morning AYM shares opened at 1.40p
Posted at 22/4/2024 12:02 by buttyboy
Possibly, wassapper. I was expecting to see the share price rise on the news of the new CEO, but nothing as such. I would like to see the hole 3 results out prior to that so the market can absorb the information and the likes of WH Ireland could entice some movement with a paragraph or two of “upside”. Then, the new CEO can address the market, introduce himself etc and get rid of some of the negative sentiment on here regarding his background particulars and discuss the results to date and the importance of why they are doing what they are.
Posted at 18/4/2024 08:05 by buttyboy
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.
Posted at 13/4/2024 09:10 by buttyboy
j5thumbs; Kooba doesn't do "humour"! Kooba seems very supportive of current management/BoD explaining they have experience in this and that and can put the World to rights. FACT: the current BoD are taking the Pi55 out of all shareholders. Here we are having finished the second week in April, Easter has gone, April Fools Day has gone and still no insight who the new CEO is !! I know some shareholders have been here for what might seem like an eternity, some more recent, or, like me, somewhere in between but really, enough is enough.

A number of weeks back, before Easter, I was liaising with someone on this thread about my then pending Easter visit to Anglesey. I did so and spent the long weekend there. Apart from visiting the Oyster Catcher restaurant (still no oysters on the menu!) I did drive to the Parys Mt site. I walked around the old oxidised cap of historic mining fame and the only activity I witnessed were dog walkers and some groups riding their mountain bikes over the terrain. I saw the old headframe (hard not to) but I couldn't hear a drill machine churning away (perhaps I didn't listen hard enough) neither could I see any company activity ... it was Easter I suppose. I also saw the old remnants of the tailings settling ponds which I can only assume would be quite acidic; not as acid as nitric but also not wanting to fall in.

On my way home, I stopped off at Chester Zoo (had the grand kids in tow) and met Billy the Baboon and Mike the Giraffe and I thought, even if either Billy or Mike could be seconded as an interim CEO, then at least this would generate some news where positive spin could be applied.

I think it was kooba who put it to me a couple of weeks or so on this thread, why don't I apply for the position. Am I qualified? YES. Do I want the job? NO. What AYM needs is a younger dynamic and proactive person to lead the charge forward. There are too many worms in the woodwork which are going to pop out every so often, all of which can be overcome but they will cause temporary hurdles. This is what I would do though:

1. The exploration upside of Parys Mt is evident; yes, the CuEq grade thus far is challenging especially when you add in a realistic contingency factor and irrespective of what others state, there are historic and underlying environmental issues.

Raise finance (perhaps easier said than done)but with the right person with corporate connections and who can sell sand to the Arabs and ice to the Eskimo's, this is very much doable.
Continue drilling to get more infilled resources into the indicated category and perhaps even some current indicated resources into the measured category. Concurrently work on the PFS with an aim to complete during the 4th quarter this year.
Liaise with Natural Resources Wales ("NRW") to get grants to clean up the environmental concerns. I understand not all will be the responsibility of the Company but, for example, if those old settling ponds can be cleaned up with non-shareholder money then you are achieving 2 things; less company expenditure, and secondly, you will get the thumbs up from the local population.

2. Apart from NRW, liaise with the local government representatives / MP. Remember, these politicians have the attention span of gnats so you have to be prepared to force feed them but eventually they will swallow.

3. Up the PR and IR machine.

4. Contrary to what I said the other day, perhaps think of spinning Grangesberg off into a NEWCO which can either be IPO'd or RTO'd with AYM certainly in the former case having majority control. This is getting ZERO value right now and as we stand this is unlikely to change.

5. LIO is currently worthless; donate the remaining % ownership to charity and don't forget the gift aid!

6. Keep AYM for Parys Mt and perhaps look at additional Welsh projects, such as gold projects. There are a number of currently private gold ventures looking to access finance and a platform to trade from. AYM, as its name implies, could be a Welsh-only game and then you don't have the complexity and distraction of geographical spread out projects.

And, finally, for heavens sake, expedite the appointment of the new CEO and stop taking the Pi55; whether its a Billy or a Mike doesn't really matter!
Posted at 09/4/2024 19:24 by mininglamp
Folks seem to be forgetting the ex CEO's statement in his last interview where he said they were close to a deal on Grangesberg last year (which would have delivered material value to shareholders) but these things often take longer than anticipated.

He then suggested the new CEO should continue the above process, OK the new CEO has yet to come in but the current thin BOD does make you wonder if AYM are going to be acquired in some way.

Also remember a near 20% stake in AYM changed hands without any explanation or fanfare in H2 last year.

In all, with commodity prices booming the current share price seems an excellent entry point given the possibility of corporate action.
Posted at 08/4/2024 23:34 by buttyboy
New AYM NED's; are there any new ones? There are 3 directors listed on the website and they are not new! Have they been proactive in financing to date given WHI have raised money at 28% discount to the then market price?

Off-take agreements? I think you are putting the cart before the horse here ... this is some way off. AYM needs to at least get a PFS or ideally a FS before a deal in favour of AYM happens. Get the new person in at the helm, build a reputable board who are collectively proactive concurrently with raising much needed finance, get the PFS underway and then look at off-take deals. This will be non-dilutive ONLY if you don't default on the supply.

The QME arrangement, unless I'm mistaken, will be dilutive and indeed you say so yourself, Kooba. Indeed, if QME were to come in now, which I would very much doubt, and get equity for development finance, then it will be even more dilutive due to the lower share price and the share price is low given the market doesn't like uncertainty.

Irrespective of what has been said before, you will get the NIMBY Brigade on your doorstep, the better intercepts are not too bad but they are at depth, and there is concern, whether valid or not, over the debt.
Posted at 28/3/2024 08:12 by buttyboy
trader465, OK, I don't interpret it exactly the same way as you and by saying this I am NOT supporting the AYM methodology. If you do a detailed Canadian company search you can see who the main owners/shareholders of LIM are. The way I interpret this is, AYM have continuously diluted themselves down because they have never had foresight to raise sufficient funds when the AYM share price was much higher than it currently is to maintain their position. Arguably, the LIO operations have good upside, one might argue more so than Parys Mt., but not owning 67% of an operation does perhaps raise eyebrows. The directors and management of LIO would have been responsible for their own corporate governance and that, unfortunately, cannot be blamed on AYM.
Posted at 15/3/2024 09:16 by buttyboy
I am not supporting AYM's methodology here but it is incorrect to compare drilling rates like this, trader 465; lot's of obstacles can affect the drilling rate (rock type, mobilisation and demobilisation, access issues, etc). I do agree though that AYM's "management" should extract their heads from their nether regions and have a more multi tasking approach so they can achieve more in less time. It is true to state that Parys Mt. has been the focus of AYM for literally decades and when you look back over that time and see what has been achieved it is pitiful. Only new qualified and proactive leadership will guide AYM positively forward and until this is put in place then unfortunately this is on a road to nowhere.
Posted at 04/3/2024 19:26 by j5thumbs
In some ways, maybe AYM have dodged a bullet in not taking up their option to increase their stake holding in Grängesberg (G.I.A.B.). Grängesberg Exploration (now renamed GRANGEX) are a completely different company based just a few miles away from GIAB and who are also a ‘green’ start-up to extract value from tailings in previously defunct iron ore mines in the region. GRANGEX have seem their share price fall from £4.40 last June to 79p at close of trading today. Their market cap has fallen from £64 million to £11.5 million in just 9 months.

hxxps://grangesbergexploration.se/wp/wp-content/uploads/2021/12/GVR21032-Jan-Matts-Tailings-Dam-Scoping-Study-3.pdf

Now I’m sure that someone will point out that Grängesberg Exploration AB and Grängesberg Iron AB are completely separate companies. But they are both ‘green’ small cap start-ups, just a few miles apart, both appearing to seek hefty Capex to hopefully extract iron ore from old tailings, and where there seems little apatite (pun intended) for risk right now.

As they sometimes say, and especially on the AIM market … Alternative Investments are often an alternative to investing.
Posted at 28/2/2024 13:10 by buttyboy
Currently AYM at 1.48p mid price (less than last financing)and no obvious significant news flow in the pipeline and they must desperately need a cash influx. If this is correct and the market anticipates likewise the share price will fall further and the capital raise, in these dire markets, will be done at less than previous with an even bigger discount to current market price (last time is was at 28% discount). Not sure what is happening with the Board re-structuring but there has been no news in this regard so i would hazard a guess and suggest little or nothing at all. Whoever is the new CEO will have their hands more than full by getting up to speed and concurrently raising finance at favourable terms. Good luck with that!
Posted at 19/1/2024 13:02 by spacedust
I have myself to blame. I could've sold at 10p, 9p 8p and so on but I fed myself a 50p dream.

Now we have more results, better assays etc and the share price is no way near 11p.

Disgraceful share disgraceful management.

I'll just put rose tints on and tell my self this share is magnificent even though the share price rots in the gutters
Anglesey Mining share price data is direct from the London Stock Exchange

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