Absolutely nonsense as always..Both Rob & Jo left jobs to join Anglesey where they were earning considerably more that the Anglesey wage |
Exactly trader465 |
Why would they sell it? They would lose their income. Far better to sit at home write the odd email, attend the odd zoom meeting from home and get paid £10,000 a month (plus expenses) by shareholders.
They’d be daft to sell it |
120 jobs is a drop in the ocean
As of the most recent data from the Census in 2021, around 30,000 people on the Isle of Anglesey are employed, which includes those both in full-time and part-time roles. The island has an overall employment rate of about 72% among residents of working age (16-64 years), with the economically inactive population—including retirees and those not seeking work—accounting for the remainder.
Unemployment on the island sits at around 3.6%, in line with Welsh averages. For detailed and current updates, the UK Office for National Statistics or local government reports provide more specific breakdowns. |
I started to get out when the price fell through 3.5p, I sold my last lot 2.5p when I realised this was a lifestyle company. If I had held I would have lost more money 🤷a94;️
You keep telling people the price is going to rise, you have been wrong and I have been right. |
More to the point Kooba is why are YOU still holding years after I sold?
Do you not dump poor performing investments? |
No I'm just wondered why you are still invested. |
 kooba, first of all I don't speak for the residents of Anglesey but what i stated above is a well known fact. I am a shareholder and right now I am not in profit (on paper .... not for a long time) and I have previously suggested 6p/share is realistic. However, when i mentioned 6p/share there were caveats and one of these was to get continuous news flow; this clearly has not happened. I wouldn't go as far as saying shareholders have been misled but i think it is bloody obvious we have been taken for a ride and ridiculed by being kept in the dark and witnessing ridiculously priced financings arranged by brokers who are clearly incompetent. The company has had more than sufficient time to address these concerns but what the majority of shareholders state seems to fall on deaf ears.
Right now the share price is 1p and there will be a requirement for funding I reckon prior to year-end to achieve the goals the company has laid out. SO, what price will this be done at assuming the discount to price equates that of the previous??
And you wonder why I'm disgruntled, kooba !! |
It's good that you speak for the residents of Anglesey...who did you use to conduct the survey of locals and those who have retired there? You seem to always provide a negative while claiming to be a shareholder..i appreciate with mining companies there needs to be a fairly cyclical approach especially when shareholders have been misled..not something i see here..but it might be an idea if you think the shares worth holding in occasionally explaining why you hold as you must think there is upside or why bother holding? |
Parys Mt will never be a big-size mine; it is going to be constrained by logistics on many fronts. I accept the previously completed PEA was positive but in reality this is hardly likely to be fact. A lot of people living on Anglesey are not indigenous to the area and most have come to retire in peaceful surroundings and these people are unlikely to want a mine with the associated heavy plant taking concentrate to the port of Holyhead. I accept that many local people want local jobs but it will be professional jobs required so the local people are largely going to be left out of the equation. If and when the various planning debates arise I think there will be more negative sentiment than positive. |
If they are serious about turning a profit or any sort of income, they would have sold or leased Parys land years ago
It’s either going to be a small scale mine which they can lease out and get royalties or sell off the land |
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. |
AYM was doing EIA back in the 90s. Not much has changed. Ive ridden this donkey since 1991. There is no way it is viable for copper. Best thing they can do is cover it in wind turbs or solar panels. Or rent it to the BBC , again, for Dr Who episodes
Having climbed aboard at 5p and jumped off at 50p about 2012 im now back in at 1p. |
… that has no engine … |
Bodgit, I am sorry to suggest, "NO"; this is a small part of a slowly moving cog in a big gear drive. |
RNS just released.
Information received from statutory and specialist consultees regarding the Parys Mountain Mine Environmental Impact Assessment Scoping Report.
Imho, another step closer to eventual production.... Gla. |
The last thing AYM shareholders needed was another project, they should focus on Parys Mountain. Sadly they don't seem to be capable at getting it going, never mind building a mine, regardless of high metal prices.
It's an old market trick, if you're failing in one project, get another, and move the investors' focus...
Sadly shareholders often fall for it. |
Varmas passing soon after selling his private debt ridden entities to AYM shareholders is suspicious IMO. Was he diagnosed with a terminal illness before selling the debt ridden Swedish assets to AYM shareholders?
The decision to purchase these assets allegedly didn’t involve Varma. I find that hard to believe. Why would Battershill dilute his shareholders to buy debt ridden assets from Varma when he doesn’t have the money to keep the lights on in the asset he has? 🤷a94;️
I know a wealthy UK businessman who was diagnosed with pancreatic cancer. His assets “disappeared” in the 2 years between his diagnosis and his passing, he left behind an insolvent estate with huge debts for which his creditors were liable. His family continue to live a life of luxury. Smart man. |
I agree.
Producing gold miners is the sector to be in at the moment IMO, every $1 rise in the POG goes straight to the bottom line.
Why waste time and money investing in this sleepy company that has been going for around 30 years burning investors cash along the way? |
I don’t think this will ever see 4p again unless they find a way of financing other than dilution after dilution. And, I don’t think the trainee CEO has the experience to find a financing partner or the intelligence to negotiate a deal. IMO he’s there for glory, personal financial gain, and experience at the expense of AYM shareholders. He’ll be running out of money before Christmas, how’s he going to raise money?
I once held over 1.5% of AYM and was glad I got out at well over 100% higher than the current price.
It’s far more profitable to invest in fully funded companies with revenue.
I keep watch here for funding news, but I think it will never come. |
Good morning, trader 465. I appreciate your reply and. I will take it into consideration with my own investment. I still feel. that possibly up to £0.04 short term. we're in for. a rerating |
Pigeons16 Oct '24 - 12:58 - 7587 of 7588
“In the not too distant future. the West is going to be crying out for metals”
How far in the future? How many decades? Will it happen in your lifetime? Will it even happen at all?
I like to see a return on my investments. If any position isn’t in profit it’s cut after 90 days, not 90 years. |
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