Anybody have access to the FT?This looks very interesting https://www.ft.com/content/b1393700-8218-44e4-b432-7dd3073a6bce |
The chart appears the price has gone up because the spread is 22%, the bid is 0.55p and the offer is 0.7p
What will the bid be at the next placing? |
I've not wasted my time watching another repeat.
Was there anything new? Did the video mention the dwindling bank balance because they keep drawing cash from a loss making company? Did they mention how they plan to finance the salaries? Did they say how much cash was in the bank? |
kooba, thanks for that link. Have listened to it all. It confirms my own thoughts around the potential for AYM assets and the puzzle of why they have not (yet?) been acquired by a significant player with the financial etc firepower to more quickly realise their value. Something doesn't stack up here. Probably my own thoughts! It's all a gamble. That said, I'm digging down the back of the settee to see if there's any loose change there. Gla. |
Full interview on bloghTTps://www.allpointswestpod.com/episodes/from-rio-tinto-to-anglesey-rob-marsden-s-journey-in-mining-leadership |
hxxps://x.com/StBridesP/status/1876916795237421333 |
hxxps://x.com/stbridesp/status/1876916795237421333?s=46 |
There's an interview on twitter from Rob but won't let me copy it to here |
Makes you wonder who's buying all these shares. bargain prices. Good day. Come on. Come on. |
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." |
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