I think your correct kenny, which is very unfortunate. I believe with the right team this could be pushed in the right direction but the longer this death spiral goes on, and we are well on it now, the harder it will be to recover, irrespective who is at the helm.
The latest CEO, Rob Marsden, has been in the job since April last year, after 3+ months of no proper figurehead, and I reckon he thought he could turn this around with his technical credentials. He has had one of the biggest wake-up calls imaginable!
However, it is the lack of news on a regular basis which is destroying this company. You can't really blame the PR company because they rely on news from the company to disseminate, although I suppose they could urge management to get their fingers out of their bums and try to be a little bit more proactive.
All in all, its a tad sad ! |
I honestly think this is one to avoid now Buttyboy .. the placings have diluted so much that the share in issue now are ridiculous and what have investors ever got back for that money .. a series of failed CEO’S taking money for next to nothing . It just looks like a scam now imho. |
kenny, yes, sorry my error; FFS (fat finger syndrome)! 0.5p is what i mean't. |
Buttyboy .. 5p ? Do you mean 0.5p ? Nearly worthless now and for good reason |
Let's face it. who wants to buy the shares. with a billion lbs worth of possible product. s product sitting there. All the infrastructure in mainly.. The government. needs these precious metals. Local councils. and the Welsh government want the jobs. The local people. all in favour. Why would somebody want to buy these shares? Possibly the regulators will be interested in buying a few at a bargain price, knowing in a few years time, if not less, the company is going to be worth a fortune..
Is this corruption at its best? |
I doubt if the next placing will fail, Kenny; the stalwart brokers will fix the pricing at less than 5p and the stock issued from the raise will have been pre-sold; this trick never fails when a company such as this is in free fall. |
My money is on the next placing failing and the company de-listing 🤷a94;️ |
I take back my previous post about next fundraise being at 0.5p. With the current speed of S.P. deceleration, they may have trouble getting even that. My money’s on 0.4p now. Hopefully enough to pay the leccy bill and the golf club fees. |
Pigeons; you certainly have not offended me!!
calmtrader; "with Andrew's help he can get this done". Well, is there a time frame on this because as this Rob/Andrew liaison strolls on the money depletes. Just remember one more thing; the long-awaited PFS was supposed to be delivered last quarter of last year!! |
I don't normally get involved in this sort of trivia.. But I've just seen so much going on. with AYM over recent years. that I had to finally say something. I apologise to anybody I may have offended. |
We can all see that the. Masonic. corruption. is coming to an end 20 years. I would say at the most because WM are going to control. things and I think the first thing we'll do is shut down. this society which is no longer good for purpose
MASONIC WOMAN |
Completely disagree he knows exactly what's required and with Andrew's help i'm confident they can get it done...he is very well connected and not shy on speaking to the right people for guidance if required |
calmtrader; Rob Marsden could be an effective CEO if he had his support team ("advisors") to spearhead his efforts where they need to be. To try and micro-manage a company with AYM's upside by a technical boffin with little or no actual corporate experience is only going to end up ONE way. |
Butty you are agreeing with everything I say. You know the same as I do that. the private investor will not get up and vote them off because they do not have the votes. This ship is now being run by a big boy in the background who's. brought different people in over the last number of years. to cloud all the issues.DElisted us so the regulators can't see what they're doing. I've seen this many times over many years. and it's time that the regulators were brought. to book Too many people incapable of doing jobs and getting paid too much In the past, you had to know what you were talking about, or prove yourself over a number of years that you were capable of keeping THERE job and do. your best for the company. |
Why do you all think Rob is incapable of being an effective CEO? |
 Pigeons, you are off on an irrelevant tangent here with your Masonic and other views; however, I know your frustrations. The CEO, albeit a very competent independent engineer, is not qualified to do his current role; certainly not without a competent team support; BUT his salary etc is contractual so on this front and other "observations" of yours, to call in the SFO is a mute point. Look at the SFO's track record with the likes of ENRC and their operations in the DRC; after 10+ years they lost the case to the tune of over £100m (tax payer expense).
If you want to be constructive then shareholders can vote for his removal from his post as CEO and then the Company can appoint someone who has a 'natural fit' with the investment community and Mr Marsden could perhaps work as part of the aforementioned competent team (perhaps as COO). However, to remove him might be problematical because the likes of Zeus Cap (formerly WH Ireland) wish to have a puppet they can control via strings and therefore bringing someone in who is competent and independent in this regard will not fit their agenda. Remember, the former CEO Jo Battershill, the current interim Chairman and the 'movers and shakers' at former WHI were all in the same camp; this sums it up and until this is altered AYM is stuck in limbo. Just wait for the pending fund raise!! |
I personally think that the Masonic World. is so out of control now that they just take what they want when they want because the Believe. They have the right a special right to look after themselves That was not the idea of the Masonic way of life. How things have changed over the years? |
Personally, I would like to see. their assets. have an order on them. that will not be taken off until they prove that they are competent directors stroke people to run the company for the good of all. It's quite a cheap thing to do apparently. |
Or reconfigure the salary schemes of main board members - much lower salaries with generous options linked to share price performance. No one in this company deserves to trouser £120k pen annum until the S.P. starts a genuine ascent … not an artificial pump and dump blip. |
A blind man can see that they intend to bankrupt the company. And then. let whoever it is that wants the company, to buy it for nothing. all at the cost of the loyal share holders. The serious fraud squad should be looking at the regulators to find out why they are not doing anything. |
The FT piece, although interesting to read, isn’t really relevant, certainly at this juncture, to AYM. It’s academic. What has been mentioned by many on numerous times on this thread is update after update relevant only to AYM and until that occurs then this stock is going to stay at sub 1p AND a financing right now is desperately needed for not only G&A purposes (salaries, office costs etc) but at some point WE need to see results of a still pending PFS; without this no one or no entity will grant, loan or similar to AYM because for the sake of £3m max (approx market cap) a total take over of the company can be done (>29.9% is all that is required). It’s needs a new management team and whichever way you looking it, you can’t have one person (CEO) trying to multitask on all fronts especially when he doesn’t really have the corporate ability to engage where it’s required. |
I agree, Kooba. Whether Rachel Reeves can spare the cash right now is another question, but it would be a positive step. And thanks for the F.T. link. |
I think the government could get a lot of bang for small bucks in helping South Crofty in Cornwall and Parys get back to production..not only is there the security of supply argument but also the job creation in economically deprived areas all supporting the mad zero drive . Small money for what would look good from a number of angles..which i think is all that matters to them rather than having a genuine and significant impact on the sourcing of critical materials. |
FT pieceThe UK will have to consider subsidies for new mines and more stockpiling to avoid supply bottlenecks for critical materials, the head of the UK's minerals supply watchdog has warned.Gavin Mudd, director of the UK Critical Minerals Intelligence Centre (CMIC), said one option would be legislation similar to the US Inflation Reduction Act, which offers subsidies for the domestic production of some minerals. He also said the government could build up stockpiles of critical materials - an approach used by the US Department of Defense."That's what has to be looked at, what works best for the UK context," Mudd said.There is growing concern about the vulnerability of the UK and other industrialised nations to shocks in the mineral supply chain as decarbonisation increases demand for a range of materials that were previously little-used."We're living in a globalised world," Mudd said. "That's what we have to grapple with."Late last year the CMIC put together a list of the minerals most at risk from shortages and most important to UK industry. Top of this "critical minerals list" was niobium, a relatively obscure metal but a vital ingredient in many forms of steel. More than 90 per cent of the world's niobium comes from one country - Brazil.The CMIC report, commissioned by the Department for Business and Trade, was the first study of its kind since 2021.Mudd said that the government would have to look at alternative ways to obtain materials that come from a narrow range of sources, possibly through expanding UK mineral production, such as the lithium mine under development in Cornwall.Lithium was among 34 critical minerals on the CMIC's list. There were other sites for lithium beyond Cornwall, Mudd said, as well as nickel deposits in Scotland.Mudd added that, when cobalt supplies ran short in the 1990s, at the height of the civil war in the Democratic Republic of Congo, some sectors had found alternatives to the mineral. He suggested this could be another means of reducing vulnerability to supply chain risks."They found?.?.?.?alternatives that could do the same thing," Mudd said.Cobalt was second on the CMIC's critical minerals list, while rare earth elements came third. Rare earths are 17 different minerals critical in production of the magnets at the heart of many devices, from electric vehicle motors to wind turbines.Mudd said that the supply of some minerals, such as Fluorspar, was becoming more difficult. The UK has become entirely dependent on imports of Fluorspar, which is used to make fluorine and fluoride for a variety of nuclear energy and metalworking processes, since 2023, when the last British mine for the product closed in Derbyshire.Mudd warned of the dangers to UK businesses if critical mineral supplies were interrupted. A halt in niobium supply, for example, would have "a significant effect on the automotive industry".He urged the government to press ahead with a plan to secure the UK's access to the critical materials. "We've done the analysis. Government will need to do the policy strategy development." |
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