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Share Name Share Symbol Market Type Share ISIN Share Description
Anglesey Mining Plc LSE:AYM London Ordinary Share GB0000320472 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 2.05 2.00 2.10 2.05 2.05 2.05 90,428 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.3 -0.2 - 6

Anglesey Mining Share Discussion Threads

Showing 25651 to 25673 of 29875 messages
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DateSubjectAuthorDiscuss
27/6/2021
06:52
I hope you took time to read the UK corporate Governance code trader536.
I do not know if there is a watchdog of any sorts for Aim listed companies, but if AYM was externally audited, then I am afraid that they would fail on many parts of the code.
Perhaps you would like to give a quick assessment of performance viz-a-viz the code.
I have and sadly, the board fail miserably.

klondykejohn
27/6/2021
05:55
As fascinating as it might be intriguing - especially as per the contrast in its applicability to the respective boards of AYM and HUR...

Thanks, Koobs.

linz22
27/6/2021
05:30
More information here..the essential level of independence in NEDs and qualification is interesting. They have no independence on the board all have served over 13 years.https://www.frc.org.uk/getattachment/ca7e94c4-b9a9-49e2-a824-ad76a322873c/UK-Corporate-Governance-Code-April-2016.pdf
kooba
27/6/2021
05:11
The UK Corporate Governance Code (July 2018 edition)The UK Corporate Governance Code is not especially long and is easy to understand. All readers of this factsheet are encouraged to download a copy of the full Code from the FRC website.Download UK Corporate Governance CodeThe Code comprises a series of key Principles each served by a sub-series of Provisions. The Provisions are the practical steps required to adhere to the Principles.The Principles concern the following areas of board activity:Board leadership and company purposeDivision of board responsibilitiesComposition, succession and evaluationAudit, risk and internal controlRemunerationThe Code uses clear and exact language - It makes sense to quote the Principles as written, with due acknowledgement to the Financial Reporting Council.Principles for board leadership and company purposeA. A successful company is led by an effective and entrepreneurial board, whose role is to promote the long-term sustainable success of the company, generating value for shareholders and contributing to wider society.B. The board should establish the company's purpose, values and strategy, and satisfy itself that these and its culture are aligned. All directors must act with integrity, lead by example and promote the desired culture.C. The board should ensure that the necessary resources are in place for the company to meet its objectives and measure performance against them. The board should also establish a framework of prudent and effective controls, which enable risk to be assessed and managed.D. In order for the company to meet its responsibilities to shareholders and stakeholders, the board should ensure effective engagement with, and encourage participation from, these parties.E. The board should ensure that workforce policies and practices are consistent with the company's values and support its long-term sustainable success. The workforce should be able to raise any matters of concern.Principles for the division of board responsibilitiesF. The chair leads the board and is responsible for its overall effectiveness in directing the company. They should demonstrate objective judgement throughout their tenure and promote a culture of openness and debate. In addition, the chair facilitates constructive board relations and the effective contribution of all non-executive directors, and ensures that directors receive accurate, timely and clear information.G. The board should include an appropriate combination of executive and non-executive (and, in particular, independent non-executive) directors, such that no one individual or small group of individuals dominates the board's decision-making. There should be a clear division of responsibilities between the leadership of the board and the executive leadership of the company's business.H. Non-executive directors should have sufficient time to meet their board responsibilities. They should provide constructive challenge, strategic guidance, offer specialist advice and hold management to account.I. The board, supported by the company secretary, should ensure that it has the policies, processes, information, time and resources it needs in order to function effectively and efficiently.Principles for composition, evaluation and successionJ. Appointments to the board should be subject to a formal, rigorous and transparent procedure, and an effective succession plan should be maintained for board and senior management. Both appointments and succession plans should be based on merit and objective criteria and, within this context, should promote diversity of gender, social and ethnic backgrounds, cognitive and personal strengths.K. The board and its committees should have a combination of skills, experience and knowledge. Consideration should be given to the length of service of the board as a whole and membership regularly refreshed.L. Annual evaluation of the board should consider its composition, diversity and how effectively members work together to achieve objectives. Individual evaluation should demonstrate whether each director continues to contribute effectively.Principles for audit, risk and internal controlM. The board should establish formal and transparent policies and procedures to ensure the independence and effectiveness of internal and external audit functions and satisfy itself on the integrity of financial and narrative statements.N. The board should present a fair, balanced and understandable assessment of the company's position and prospects.O. The board should establish procedures to manage risk, oversee the internal control framework, and determine the nature and extent of the principal risks the company is willing to take in order to achieve its long-term strategic objectives.Principles for remunerationP. Remuneration policies and practices should be designed to support strategy and promote long-term sustainable success. Executive remuneration should be aligned to company purpose and values, and be clearly linked to the successful delivery of the company's long-term strategy.Q. A formal and transparent procedure for developing policy on executive remuneration and determining director and senior management remuneration should be established. No director should be involved in deciding their own remuneration outcome.R. Directors should exercise independent judgement and discretion when authorising remuneration outcomes, taking account of company and individual performance, and wider circumstances.
kooba
26/6/2021
20:26
"the first thing i do when looking at a company i rather expect boards of listed companies to have some sort of nod to the code"

Its most definitely not the first thing I look for, can you explain this 'nod to the code' phenomenon? I'm intrigued.

trader536
26/6/2021
20:10
Instead of crying for news like a baby, I suggest you sell and look for opportunities else where.
trader536
26/6/2021
16:52
And how the hell do you know they are working hard and making any progress...when they don't update shareholders unless they need to raise funds?The fact is if they had made any genuine progress it would be deemed price sensitive and have to be announced without delay..they are nowhere imo.
kooba
26/6/2021
15:42
"lack of motivation to move things forward"

How do you know they're not beavering away behind the scenes?

October 2019 to March 2020 PXC fell 66%! Investors who bought in October 2019 waited almost a year just to break even, and investors who bought PXC in September last year are still sitting on losses.

AYM released the PEA only 5 months ago, have some patience.

Compare the PXC and AYM charts and ask yourself which is the more volatile and which has the highest probability of multi-bagging first from current levels.....

PXC.....




AYM.....

trader536
26/6/2021
14:37
Trader536, if you mean agewise of the directors then they are similar to PXC board, and they are truly proactive.
My reason for buying was because AYM put out a positive report when Micon did the spadework.
I also monitored PXC for a good while and am now sitting pretty on a healthy profit, with a lot more to come.
It just shows what can be achieved.
Presuming you have invested in AYM, you must also have done your homework and surely you must be disappointed in the boards` lack of motivation to move things forward.
Many shareholders must wonder what on earth is going on.

klondykejohn
26/6/2021
12:42
Did you not research who the directors were before you bought?
trader536
26/6/2021
11:29
Unlike LIM which has a young thrusting boardhttps://www.marketscreener.com/quote/stock/LABRADOR-IRON-MINES-HOLDI-6133360/company/
kooba
26/6/2021
07:17
On that , I am in complete agreement.
We just need a dynamic board to take this further.
We really should be motoring ahead now, but I for one do not understand why we did not follow the Micon recommendation of further drilling to confirm all the assetts.
This small cost would have been money well spent and drilling would have been completed by now with possibly, results being imminent.
This just shows to me that this boardd is not fit for purpose and should consider resigning.
Venture capitalists would have seen through this lot a long time ago and would have acted.
Pity they do not own shares here.

klondykejohn
25/6/2021
16:22
Love their assets..that's all
calmtrader
25/6/2021
16:20
Rubbish.
Firstly, I would make a smallish loss if I sold now. Never a wise thing to do when the share price is becalmed.
Secondly, I live in hope that the board is removed and some dynamic shareholders are installed in their place.
Thirdly, I sit on my losses because I can afford to.
Sadly, you and trader536 seem to be the lone lovers of this board.
Are related in some way?

klondykejohn
25/6/2021
15:35
Because you haven't sold
calmtrader
25/6/2021
15:19
You must be related to trader536.
Tell me why I am wrong then.

klondykejohn
25/6/2021
14:51
Pretty sure you are
calmtrader
25/6/2021
14:48
I would buy more, but I don`t see any future here for many years to come.
Remember this number 1041 in 5 years time.
I hope I am wrong.

klondykejohn
25/6/2021
12:28
Cheap as chips down here
calmtrader
25/6/2021
10:14
Trader536, this story has been unfolding for years. At this moment in time, we are seeing writers cramp from the board. No news for months and probably no news in the coming months either, unless your board colleagues will allow you to tell us otherwise.
klondykejohn
25/6/2021
08:41
I didn't suggest Iglenn bought in the tomato season

"my timeframe here is greater than that of the tomato season you've been holding"

I suggested he's only been holding as long as a tomato season, ie he's only held for a short period, which isn't long enough for the story to unfold.

trader536
24/6/2021
20:41
trader536.
I think you are a bit out of order in suggesting Iglenn bought in the tomato season. He bought on the good news that was delivered way back at the beginning of the year. Like so many other investors, AYM was portrayed as a good buy .
Stop ridiculing correspondents on this site.
I have asked you three times now, so I will ask again, are you a board member or relative of a board member of AYM?.
To ignore me again only leads to a conclusion that you are indeed deeply entwined in this companys` politics.
Come on, out with it and be honest for once.

klondykejohn
24/6/2021
12:46
A bid it was I've been thinking..
benjamin15
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