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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Anglesey Mining Plc | AYM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.40 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.40 | 1.40 | 1.40 | 1.40 | 1.40 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
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 20:38 by buttyboy Kooba; its not about people knowing more than me; that is totally irrelevant. You seem to be going off on an irrelevant tangent that is of no interest to me. Whatever Jo is getting paid with Silver Mines is immaterial to Anglesey Mining and the fact you have these links to hand suggests to me you are certainly more interested than me in Jo's new adventures. Good luck to Jo.MiningLamp; you make a valid point regarding the thin and lack of proactivity board. Do you really want AYM to be acquired right now; it is way undervalued; I agree it has some very challenging hurdles to jump but surely it cannot be that difficult in today's market to find a new enterprising CEO to run AYM and at least get it 2-3x its current value in the short term with good PR and IR and road trips to reach out to the retail market .... it really isn't that difficult !! |
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 28/3/2024 04:33 by trader465 From memory AYM shareholders bought 33% of LIM, they now only hold 12% because the LIM directors have drawn salaries from the AYM shareholders funds donated to LIM. The web of companies and interbred directorships is all part of a big money-go-round for the boys club. |
Posted at 27/3/2024 22:00 by buttyboy AYM hold 12.5% of LIO so you cannot really tie LIO salary/fees etc into AYM outgoings! |
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 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 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. |
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