calmtrader, thanks for the FT article link. The focus of the article is on critical minerals such as niobium and lithium. Gla. |
Well, the top earner (presumably Jeremy Wrathall) in loss-making Cornish Lithium earned £439,000 plus options in 2023, so let’s hope that any green energy slowdown hasn’t hit his earnings too hard. Cornish Lithium lost £8,500,000 in 2023, so any imminent I.P.O. there seems unlikely yet … |
I don't think the UK Govt. will subsidise any potential UK mines unless they have first been proven beyond reasonable doubt that they can contribute these much needed so-called critical minerals. On the other side of the fence we have a dysfunctional NHS, we have a massive illegal immigration issue (not helping the NHS) and we have an economy in near free fall (also not helping the NHS) with our currency at a reportedly 16-year low against the US$ (and that is with Trump/Greenland/Canada/Panama) all factored in !!
Approx. 2 years ago, the UK Govt gave a sizeable grant for UK-based (Cornish) Lithium; that was when the UK was 100% on this so-called "green energy" initiative. Guess what; the automobile brakes have been applied and combustion engines will still rule the roost for quite some time. |
I believe it says "Watchdog has advised UK GOVERNMENT that they will need to subsidise new UK Mines to secure critical minerals " |
calmtrader; the link goes to a paywall ... NFW !! |
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: |
Register for real-time alerts, custom portfolio, and market movers
Hot Features
Premium
