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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% | 0.675 | 08:00:08 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.70 | 0.675 | 0.70 | 0.675 | 0.675 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 28/1/2025 22:53 by buttyboy I would rather take a big loss on the chin rather than sell out on this continuing downward spiral. I had so much faith in AYM and Parys Mt specifically that the overall general incompetence of management makes me want to bury my head in the sand. When JB stepped down, which I thought was unfortunate, and then after 3+ months of getting “your man” I thought AYM had it nailed. The block held by the ex-Chair should be looked like “institutional stock” (it ain’t going nowhere); the debt is there and has been for some considerable time and this has been mentioned on this thread for the past 12+ months countless times. So, let’s summarise, we have an ex-chairman who is sadly in declining health, a debt holder who has sadly died, and no one seems to want to engage in dialogue and tidy this bloody mess up. And that, my dear brethren, is a very significant issue and unfortunately the stock will continue to decline because mere mortals such as me are constantly kept in the mushroom drawer! |
Posted at 28/1/2025 18:44 by mininglamp You cannot put any blame on existing shareholders for the situation, in my view AYM have lacked dynamic management and their failure to deliver shareholder value for nearly 2 decades.The previous CEO Jo B recently blamed the AIM market on companies like Anglesey inability to raise capital however he was the individual who took the company to AIM during a period of sector decline, what did he expect ? I am pleased to see a few companies finally accepting the very obvious fact they cannot fund large projects via the usual equity routes, this means that hugely diluting share issues are on the decline and more satisfactory financing options like grants, loans, JV's and even Gov participation. I think AYM may be about to deliver something leftfield, the pressure is on, divest Grangesberg or seek a material partner, even sell the project, who knows, at current levels AYM shares have to be at baseline. |
Posted at 13/1/2025 13:36 by buttyboy The FT piece, although interesting to read, isn’t really relevant, certainly at this juncture, to AYM. It’s academic. What has been mentioned by many on numerous times on this thread is update after update relevant only to AYM and until that occurs then this stock is going to stay at sub 1p AND a financing right now is desperately needed for not only G&A purposes (salaries, office costs etc) but at some point WE need to see results of a still pending PFS; without this no one or no entity will grant, loan or similar to AYM because for the sake of £3m max (approx market cap) a total take over of the company can be done (>29.9% is all that is required). It’s needs a new management team and whichever way you looking it, you can’t have one person (CEO) trying to multitask on all fronts especially when he doesn’t really have the corporate ability to engage where it’s required. |
Posted at 07/1/2025 10:22 by buttyboy As I type, AYM is sub £3m market cap!! I mentioned many times before, AYM has entered the so called “death spiral” and it will require some very exceptional news to slow down or even halt this decline. The PR and IR is abysmal and I’ve seen more pro activity from a dragonfly in this winter than AYM management. Come on Rob Marsden, you so much wanted this role; now wake up to it. |
Posted at 07/1/2025 09:47 by goldenshread You have to wonder what 20% holder Energold thinks of the situation, if I were them I would not be best pleased, it is rather ironic the former CEO harping on about how dire AIM is when he brought the company to this market himself and then without hesitation diluted shareholders by using bucket shop brokers, this is why the share price is where it is.AYM needs to secure alternative routes of funding and state that raising cash at current levels is unacceptable (one junior, GROC, has stated just that recently) Another aspect of Jo Battershill's reign was his determination to increase AYM's exposure to Grangesberg, so far that has proved disastrous, the plan was to IPO, spin out or sell the stake, nothing has happened. In all management need to state openly they are looking to secure alternative routes of funding, divest assets and concentrate of Parys Mountain. They also need to get out there and improve PR, this can only be achieved by the CEO who has been under radar for far too long. |
Posted at 02/1/2025 17:53 by j5thumbs MiningLamp, thank you for finding and posting this. Pretty much sums up what most of us here feel, but coming from the horse’s mouth, it’s still a slight shock to have it confirmed quite so soon, especially as Jo still has some involvement with AYM.But regarding Grängesberg, I still don’t know what value there might be there to monetise. Is there any data whatsoever to demonstrate any real progress there, or have AYM bought a pig in a poke, and are just too embarrassed to own up? … edit … “half a pig” |
Posted at 31/10/2024 00:30 by trader465 It is a totally different company to the 50p days. Back then AYM had around 200m shares in issue, they owned 50% of LIM who were producing iron ore and selling it for $175 a ton. The iron ore price collapsed, LIM stopped producing and started issuing shares and diluted AYM to just a few percent now. In turn AYM has had to issue shares to survive. It’s now just a lifestyle company with the purpose of paying directors fees, salaries and expenses.I keep watch for funding news, but I think I’ll long dead before then. |
Posted at 15/10/2024 08:10 by one2go Interesting post on LSE concerning LIM (AYM hold 12%) suggesting the company may be up for sale delivering a possible value event for AYMAYM share price seems to be moving up again....... I may be going out on LIM here, but my guess is this project and probably the whole company is up for sale. If it is those who are well researched will know what the potential value is to AYM. There are various mid tier Iron Ore miners who would love a high grade project with significant optionailty to expand the resource adjacent to rail infrastructure and with that rail infractructure leading directly to a port all in Tier 1 location. Houston is just that and has a low capex requirement as it is a direct shipping ore project. Catbert's open market valuation of the Houston project (do your own calculations and don't trust mine) is north of $250m Elizabeth would cost more to develop but again I would add at least $100m if that went too. There are a number of players wishing to pivot out of lower graded projects. If LIM is sold we're in for a windfall with our 12% stake. Houston has a very good IRR and is based off a $90 per ton as a price benchmark. I wonder if this is what is referenced in the latest RNS. This would easily get us the funds to expand the drilling and resource at Parys and get us through to a DFS without the need to raise. IMHO. All pure guesswork on my part so DYOR. |
Posted at 25/8/2024 19:00 by kooba The QME agreement is somewhat ambiguous..here is stated as PFS..which is what I always understood the milestone as being.AYM has agreed to grant QME various rights and options relating to the future development of Parys Mountain. On completion of the optimisation study and delivery to AYM of the results thereof:(i) AYM will award QME, on an exclusive basis, contracts for the development of the decline and underground mine development, including rehabilitation of the shaft. This will be done on terms to be agreed following a decision by AYM to proceed with the development of Parys Mountain;(ii) In the event Anglesey and QME are not able to agree terms AYM may offer such contracts to third parties, subject to a right of first refusal in favour of QME, and subject to a payment by AYM to QME, upon the award of such contracts to a third-party, of a break-fee; and(iii) In addition, AYM will grant to QME the right and option, upon completion of a Prefeasibility Study ("PFS"), to undertake at QME's cost and investment, the mine development component of the Parys Mountain project, including decline and related underground development and shaft development, with a scope to be agreed, to the point of commencement of production, in consideration of which QME would earn a 30% undivided joint venture interest in the Parys Mountain project.https://www. |
Posted at 25/8/2024 12:07 by mininglamp Interesting post on LSE concerning a prospective partner or funder.........Having had a look at the AYM X feed there is a link (indirectly) to a company called Mullen Automotive, NASDAQ listed, this company produces a range of electric vehicles (obviously needing copper) Rather interestingly the company has just secured a $250m line of funding, link below One poster who replied to the AYM X feed is promoting Mullen stated 'Great work guys we have a bright future'together' in another reply the poster stated 'Let’s get you the funding you need to succeed' Now I have no idea if this is relevant but this is exactly the kind of partner AYM would look for and clearly Mullen Automotive would be interested in securing a copper supply for the future. Sometimes it pays to read between the lines, what would a US based X account be posting on AYM's feed if there was no commercial interest. This also aligns with recent comments from the AYM BOD that they are looking to secure project finance for Parys Mountain. The increase in trading volume is more than interesting, maybe just maybe a material event is just around the corner which could deliver significant value for long suffering shareholders. DYOR etc |
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