A few thousand you mean 10s of thousands. |
“Zipwire”;; majority stake sold for £100m so there is upside (and downside of you pardon the pun!). |
Kooba, when you see your ‘investment217; dwindle by 85% from a few thousand to a few hundred pounds, there seems hardly any point in selling - the horse has already fled and the stable door bolted. The only way this site will ever make money will be, as another poster premised a few days ago, some sort of leftfield solution. Bring on the zip wire and the lunar landscape glamping modules. |
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! |
You might want to sell up then...no advice just why hold if you see no future and just permanently find fault in everything. There is a choice. I reiterate the block held by ex chair and the debt are an issue...don't see how that structure gets changed soon..maybe moaning more might help?? |
AYM have a market cap of approx £3m so if someone really wanted the company they could offer 1.5p/share and have a bargain and probably make it work. It will not work with the current structure or management and the share price, bar a few blips, will self destruct. |
There's Gold in them there hills. |
Cornish have a major supportive strategic investor ..we have a major shareholder who spent decades as chairman getting the company nowhere but in debt and then managed to get voted off the board.. that kind of shareholder is a negative ..what they plan on doing now who knows but likely puts off many from getting involved. |
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. |
kooba,
Mr. Marsden hasn't been there long but he has been there long enough to get this project on track.
Unsupportive shareholders?? Every time AYM raises cash it is done with the same crowd of bucket-shop brokers so of course the supportive shareholders will continually decline.
Yes, look at the money Cornish Metals have gone through but look at their newsflow and £44m market cap.
Of course Anglesey/Parys looks better so please tell me what the issue is?? There is NO newsflow and this is one big off-put for investors, current or prospective.
Mr Marsden inherited the share register but continues to use the same corporate brokers.
I don't know what else to say. I'm gobsmacked. All this upside and a market cap just over £3m !! |
Blaming Mr Marsden is rich he hasn't been there long.Problem with Angelsey is unsupportive shareholders running it down constantly and not putting money in to progress at a better pace..some here think you can get a mine to a funding decision running on scotch mist. Rather naive .Look at the money Cornish have got through over the past few years £10Ms ...then if you look at the economics then Anglesey looks far better on known knowns in terms of return.They need a strategic investor with foresight and deeper pockets than the share register here...a share register Marsden inherited largely.I sincerely hope they pull funding out the bag and make some here march backwards. |
What the team at Cornish Metals have done is what the team at AYM should be doing. Cornish Metals have continually pushed in the right direction to achieve brilliant results like this especially as a large chunk of this financing is non-dilutive. Come on Rob Marsden; get your act together. |
kooba, yes, interesting and thanks for the link. Good luck to all those who have AYM's best interests at heart. |
I would like to think there is a little bit more professionalism with Cornish Metals hence their continued ability to pursue and get fund raisings done! |
Interesting the development today at Cornish Metals major fundraise cornerstoned by the Government agency.hTTps://www.insidermedia.com/news/south-west/cornish-metals-undertaking-proposed-fundraise-to-raise-minimum-of-56m |
As I've said before the serious fraud department. and the regulators need to get together and have a look at this company and what's going on. |
As I've said before the serious fraud department. and the regulators need to get together and have a look at this company and what's going on. |
As I've said before the serious fraud department. and the regulators need to get together and have a look at this company and what's going on. |
MiningLamp; it's all very well trying to raise finance in a non-dilutive way but to do this the project ideally needs proven substance otherwise the financing deal you end up with will cost AYM and Parys Mt specifically dearly.
I too am perplexed with the apparent radio silence from Energold. I understand the driving force behind Energold is sadly in failing health so perhaps this is one reason why that avenue hasn't been more proactive. Energold, with >20% holding (need to check whether this is still the case after the latest financing?) could, if they wish, have Board representation. |
Cannot understand the silence from this outfit.
They increased their stake in Grangesberg but since no idea what is going on there, the new CEO seems to have no understanding that news is the lifeblood of AIM and seems to have gone into hiding.
The former CEO stated that the aforementioned project could be sold, spun out, JV'ed or listed he encouraged AYM to pursue one of these avenues when he departed but as we all know nothing has happened at all.
My view is they are desperately trying to secure funding in a non dilutive manner, they have to accept that shafting shareholders via death spiral placings is not the way ahead.
You also have to question Energold who own 22%, surely they cannot be happy with the value destruction that has occurred here.
The next few months will be very interesting ! |
They need to sell their assets, then maybe shareholders might be able to get their money back 👍 |
Determined, I’m very aware the company just can’t “dream up” news but they could actually do something to generate news instead of, as you correctly point out, continuously raising finance at lower and lower prices to pay their wages. |
butty,
Management can't just dream up "news" to satisfy investors.
This company has ground along at less than a snail's pace for 30 or so years, and will continue to do so for another 30 if investors keep supporting it, which it seems they will at ever deceasing prices in a death spiral.
Why would anyone remain here when producing gold mines are shooting up in value daily as the gold price hikes?
IF (and it's a huge IF) AYM ever starts to generate positive news and actually moves toward production there will be plenty of opportunities to buy back in.
Surely that's better than simply funding the director's ifestyle and watching your own money fritter away due to the number of placings at lower and lower prices? |
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