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AYM Anglesey Mining Plc

1.35
0.00 (0.00%)
28 Mar 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% 1.35 152,805 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.30 1.40 1.35 1.35 1.35
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Metal Mining Services -961k -0.0023 -5.87 5.67M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:40:23 O 274 1.30 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
2024-03-28 15:40:271.302743.56O
2024-03-28 15:23:231.3891,0001,253.53O
2024-03-28 11:48:361.3735,689488.05O
2024-03-28 08:50:181.378,000109.40O

Anglesey Mining (AYM) Top Chat Posts

Top Posts
Posted at 29/3/2024 08:20 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 1.35p.
Anglesey Mining currently has 420,093,017 shares in issue. The market capitalisation of Anglesey Mining is £5,671,256.
Anglesey Mining has a price to earnings ratio (PE ratio) of -5.87.
This morning AYM shares opened at 1.35p
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 26/3/2024 19:32 by j5thumbs
Nope - just giving credit where credit is due. There is more intelligent discussion on ADVFN’s AYM thread than the threads of most FTSE100 participants. 😉

I still doubt I’ll ever see break-even again with my AYM holdings … I don’t expect jam today, or even jam tomorrow, but somehow doubt that my Devon cream tea scones will be sweetened any time before I shuffle off to meet the great stockbroker in the sky.

And I do suspect that AYM’s investment in Grängesberg is not going to turn out to be the great white hope predicted by some.
Posted at 24/3/2024 22:00 by buttyboy
j5thumbs; "where next" .... how about this as a starting point; don't look at Parys Mt as a mine just yet, instead look at it as an advanced exploration ("Brownfield site") play so the upside is there and remains there, all being well, until all ducks are in a row. The moment you start producing/mining and stop exploring is when your share price levels out at best and we don't wont this happening where we are right now, do we? I agree with past comments, past management have been "off the ball" (I'm being polite), but there is upside here as long as we focus and believe in the way forward. This can be done with the right leadership. Geopolitics doesn't really come into it; the primary project is in Wales, not Angola, Zimbabwe or the DRC, so geopolitically it is safe but there will be hurdles and these hurdles include a challenging CuEq grade and environmental issues, hence the need to treat this as an ongoing exploration play..
Posted at 21/3/2024 10:08 by buttyboy
kooba; a PFS is going to cost a lot of £'s and before that is contemplated they need to increase the resource category and get "measured" into the fold (this involves lots more drilling and at approx £150/metre its expensive). In principle, nothing wrong with this EXCEPT the share price is falling or stagnant at best, so any new fund raising will be done, IMHO, at 1p if they are lucky. Also, as it stands, for this sort of mineral deposit (VMS), it is small hence significant expansion is required. Too premature for QME decisions IMO.
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 22/1/2024 23:54 by noccer
Its funny as a long term holder watching guys scurry in and out after a fast buck, boosting and bleating. Some of us have been here a long time (I first took a slice in 2006) and it was just a long bet because I wanted to see this rejuvinate Amlwch and its surroundings.

It was great while LIM went up and down due to IM fortunes, but I still have a slice in AYM and have no faith in LIM perking up soon. While my shares in AYM were speculative, it now really looks odds-on that Parys will be mined again. The resource is growing as they drill it. I am looking forward to 2024 - the latest core assays are really exciting with more to come. The next resource estimate should transform the perceived value in AYM.

All my best wishes for 2024 to AYM holders.
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
Posted at 16/1/2024 20:08 by mininglamp
I see the bashing loons have returned, you know the ones who were bashing at 1p and still bashing when the shares doubled recently, they will still be bashing when the share price is 3p/4p/5p/6p+ no doubt.

You do not get multi broker analyst visits to many AIM companies like they attended Anglesey pre Xmas, their praises of the AYM were wholesome.

Remember one suggested the shares should be 4 times the current level just based on Parys Mountain as it stands now, when the next assay results are announced many think it will game changing.

Those results are imminent !
Anglesey Mining share price data is direct from the London Stock Exchange

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