I predict next placing 0.5p. |
A new all time low 0.6p bid, running low on cash and a placing due. I have called this correct all the way down |
"AYM has entered the so called “death spiral” and it will require some very exceptional news to slow down or even halt this decline"
It can be halted but cannot be reversed, once the shares are issued the damage is done, they cannot buy them back to recreate the shareholder value. |
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. |
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. |
hxxps://goldencaribou.com (not sure why the path is pasting incorrectly) |
An example of a junior, albeit on the Canadian Exchange (below the TSX/v) is:
hxxps://goldencariboo.com/
Just look at their news flow and their ability to raise cash. Time to wake up AYM. |
Those interested in microcaps with near-term income might want to look here: |
Positive news indeed. Good. Still some way to go of course. I'm hoping for positive news on Grangesberg during h1 2025. Gla. |
They can't upgrade the news flow because the is no news to report as theres nothing happening exept: wages, salaries, bonuses, expenses, pension payments and share options.
Since the trainee CEO arrived at the trough what has he achieved? He's already banked £120k plus perks, what has he done for it? What value has he provided for shareholders? |
 It is some positive news but don't be fooled, this is going to be a long and drawn out procedure, which incidentally is somewhat expected when you have to get the approval of a council committee and sub-committees in a sensitive environmental area. My main concern is whilst all this is in the pipeline then much more cash has to be raised. If you recall to this time 12 months ago, prior to Rob Marsden's appointment, the focus was on completing the PFS by Oct last year; they didn't have enough cash then and they certainly don't have enough cash now. The share price is three-quarters of a penny and with the usual broker discount this new cash will be raised at a pittance. Sure, a backbone investor may come along either as an individual or a consortium, but I can tell you one thing for certain, they will not be doing a deal at 3p+/share.
As MiningLamp alludes to, AYM seriously needs to 'upgrade' their news flow and until this happens the stock will further devalue as retail investors will follow news flow. |
A positive update for sure.
Many are suggesting the tide will turn for the junior mining space this year, there have been many false dawns but with valuations broadly on the £2m/£4m m/cap range for most minnows there is a lot of possible upside ahead.
AYM just need to deliver more regular news events and communicate to the market more actively.
The shares are cheap. |
All good it seems...but not being an expert on how easy it is to jump through the regulatory hoops to get a mine to production in Anglesey i guess i will be guided by the company. |
Rob Marsden, CEO of Anglesey Mining, commented: "I'm absolutely delighted that the proposed mitigations to potential environmental impacts, put forward by the Company, have been approved by Cyngor Sir Ynys Môn/Anglesey County Council. I'm grateful to the North Wales Minerals and Waste Planning Service for their diligence in forming their opinion of the scope, and for the feedback that will make this project better for all stakeholders. There are three areas where reasonable requests for enhancements to the scope have been requested and Anglesey Mining is happy to comply with those requests so that a more informed planning decision can be made.The permitting objective of Anglesey Mining remains unchanged, that is to make a planning application, that when enacted, will be seen to provide economic returns to investors, job opportunities, mitigation of the impacts to the environment and enhanced respect for, and appreciation of, the mining heritage of Parys Mountain, thus earning us a social licence to operate." |
"There are three areas where there is not broad agreement and further work has been recommended, namely: Ground and Surface Water, Cultural Heritage and Traffic and Transportation. In each of these areas the Planning Service have directed the company towards experts"
"A full transport assessment will be conducted"
Seems like another good way to drag it out for another few years of slaries and placings?
A few issues have been identified in the Environmental Impact Assessment (EIA) Scoping Report that require further refinement. Specifically, three areas have been flagged for additional work:
Ground and Surface Water:
There are concerns about the potential impact of mining and processing on water systems. The company is optimistic, expecting a net positive impact, and will incorporate additional feedback from experts to strengthen this part of the application.
Cultural Heritage:
Although the project does not directly impact designated heritage sites, the site lies within a historically significant landscape. The company needs to ensure that any changes align with preserving the historic character of the area. Anglesey Mining is working to demonstrate that the project will contribute positively to the mining heritage of Parys Mountain.
Traffic and Transportation:
The council has recommended a comprehensive transport assessment to address the impact of increased traffic and infrastructure changes related to the project. |
This outfit are backing First Class Minerals taken 52% recently and have also provided loan funding, they are also looking to expand their mining investments, now investing £250m in an Anglesey leisure park. |
Anglesey would become the most protected islands in the UK. |
Evening all. As I've said in the past. we may be barking,up the wrong tree. as the government is. desperate for storage space for plutonium. which we need. at Wilver the Power Station. If the future is. nuclear fuel. supplies. are to become a major part of energy for the UK. so the government needs to get all the ingredients out of Parys mountain. ready? for storage. in the very near future. If this. was to be then Anglesey.
AYM could be worth a fortune.
to the UK economy. And of course, the lucky ones who are shareholders. |
Thanks MiningLamp. Gla. |
If the AIM was so awful then surely there is an option to de-list the company, take it private (like Cornish Lithium) and rebuild. The market cap is ONLY circa £3.6m. I personally would then look at alternative market options. AYM is stuck between a rock and a hard place; it is not going to recover sufficiently enough from its current place to satisfy longer-holding shareholders. Another financing will be urgently required just for general working cap and forget about the long promised PFS ! |
Bodgit
The post can be found on his Linkedin timeline.
I would like to add that if he feels this project is so good then so do others, surely they could attract a JV partner or strategic investor to come on board to really drive the process to production.
I feel AYM share price is suffering from the usual AIM shenanigans whereas a move to break from equity funding to keep the lights on would transform the situation, maybe that is what they are trying to achieve.
There is also some very meaningful grant finance for strategic metals. |
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” |
Many thanks for that MiningLamp. I'm biased of course but I endorse everything in that Jo B posting. May I ask where you found the posting? Tia and gla. |
When you are no longer involved you can speak openly, Jo Battershill posted this recently concerning Anglesey, praise indeed for the project but not for the AIM market or those who work in it.
'Obviously, I'm a little biased on Parys Mountain, but this is a project that more people should really be looking at.
In my view, the resource appears to be capable of supporting a development that would be equal to, or better, than Central Asia Metal's Sasa Project.
In addition, the exploration potential both along strike and at depth is vast - as evidenced by the drilling results from earlier this year. What other UK listed junior with a market cap of less than £10m can punch out drilling results like 11.0m @ 3.0% Cu, 6.3g/t Ag and 1.20g/t Au and 22.0m @ 2.3% Cu, 2.8% Zn, 1.3% Pb, 5.0g/t Ag and 0.03g/t Au ? There is plenty more of that to come from this mineralised system.
One of my biggest concerns is that Anglesey Mining is an example of just how broken the London AIM market is. A once great market has been reduced to a handful of brokers scratching around doing small, heavily discounted primary placings with almost no incentive to drive secondary trading.
Small placings by juniors are then typically used to pay annual fees to a nomad, a broker, a PR firm (trying to chase the illusive secondary trading that brokers used to do), auditors and lawyers.
Very sad. ' |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
