Anglesey Mining Share Discussion Threads

[trader536] 08/7/2021 08:43

"Quite why a shareholder action group has not been formed is very hard to understand"

If you want a red car you should have bought a red car, don't buy a blue car and then try to change the color to red, it makes no sense.

If you don't like red cars you should simply sell your red car.

[grimreaper2019] 08/7/2021 08:24

The matter here is a unacceptable one, too many cosy relationships and cross shareholdings by management and their chums to retain control of the status quo.

A move to oust the elderly and dormant BOD would propel the share price to levels shareholders can only dream about.

Quite why a shareholder action group has not been formed is very hard to understand, it only takes 5% (11.5m shares in AYM) of the equity to requisition a GM for example.

Voting on resolutions rarely attracts many shares, often under 25% of the issued capital, if a co-ordinated effort was made to vote against certain resolutions by retail shareholders they would win.

A tip however, make sure the BOD needs shareholder authority to issue more shares, a tactic often used by Directors is to dilute a Action Group ahead of key votes.

Over to you shareholders of Anglesey Mining.

[calmtrader] 08/7/2021 08:05

It's coming home it's coming home AYM is coming home..

[klondykejohn] 08/7/2021 00:15

Considering how long they have been running the company, "in the near future" could mean years away

[calmtrader] 07/7/2021 17:31

No more kicking can down road allowed

[kooba] 07/7/2021 16:39

Have to admire your enthusiasm calmtrader..i figure if there was any progress to come with the results "in the near future" then the share price would likely be behaving in a more positive manner...they ran strongly ahead of the interims early Dec and it was all very upbeat...so far zero interest so I'm guessing another "everything is great " and we are just refining our plans and we will go out and seek financing before the end of the year kinda thing. Rinse and repeat..

[calmtrader] 07/7/2021 13:52

Very soon!!

[kooba] 06/7/2021 13:12

Cheers..fundamental improvement from the last Parys update in January..."In summary, the most attractive option is the expanded Case C, which, with some $99 million of pre-production capital expenditure, generates a total cumulative cash operating surplus over a 12 year mine life of more than $510 million (£408 million), which translates to a pre-tax Net Present Value discounted at 10% pa of over $120 million (£96 million), with an attractive IRR of 26%."Wonder if there is a basis to revalue the assets in the accounts?

[calmtrader] 06/7/2021 12:11

Nob approx 450m

[kooba] 06/7/2021 11:55

Is that a updated NPV figure?https://www.investopedia.com/terms/n/npv.asp

[calmtrader] 06/7/2021 10:35

By my calculations value of Parys assets using recent PEA and today's prices =$1.5b Expenses $500m net $1.0b !!!!

[iglenn] 05/7/2021 11:10

Agreed Kooba. The world needs copper now. But we need a viable action plan too as shareholders sitting on a large deposit. Commodities will run higher soon enough. I have lost faith in the board though.

[kooba] 05/7/2021 09:24

Copper starting to bounce think recent fade is just natural reaction to China trying to talk it down and there being a short term rise in inventory's i personally think the mid /long term prospects are still very bullish , getting new supply on stream to meet green economy demand just not possible. Though if everyone took as long as Anglesey to get a mine up and running copper would be in multiples of current price already!https://finance.yahoo.com/news/coppers-indispensable-role-clean-energy-211802305.html

[calmtrader] 05/7/2021 07:13

Let see what this week brings..

[theman8] 02/7/2021 13:27

I think we would be foolish not to push this forward especially with the AGM not that far away, this BOD are obviously going know where with this company I only wish I knew why.

[kooba] 02/7/2021 12:44

Gives you an idea what would be needed.Last years AGM.So Juno owns just under 58M..So you can see where the votes come from ..apart from that not many bother. You therefore need 60M shares voting against to get rid of a director..a simple majority of those voting is enough.If you got over 20% of votes cast i believe the company would have to recognise shareholder dissatisfaction especially as the main vote in favour would be an insider. Would so a strong message i believe.The valid proxies recorded in respect of voting at the AGM were as follows: Resolution In Favour Against Withheld 1 To reappoint John F. Kearney as 58,704,666 194,429 1,000 a director 2 To reappoint Bill Hooley as a 58,854,666 44,429 1,000 director 3 To reappoint Howard Miller as a 58,704,666 194,429 1,000 director 4 To reappoint Danesh Varma as a 58,854,666 44,429 1,000 director 5 To reappoint Mazars LLP as 58,739,345 150,750 10,000 auditors 6 To authorise the directors to 58,739,345 150,750 10,000 determine the remuneration of the auditor

[nicholaihel] 02/7/2021 12:09

john / glenn - agree i think between us we might be surprised how many shares we own between us - I'm in for 1.3m

[kooba] 02/7/2021 09:43

From the Labrador RNS a few days ago.Anglesey Annual Report Anglesey has been working on completion and auditing of its Annual Report for the year ended 31st March 2021. This will be published shortly and will contain updates on operational and funding progress at the Companies Parys Mountain copper-zinc-lead project in North Wales. So there will but update shortly, last year results were announced in sept but usually they are end of July , so hopefully more like that timescale.The results will obviously be ahead of an AGM normally a month later.It will be interesting to look at the resolutions but in such circumstances i imagine all directors will be up for reelection.Would be the time to send a message..but since most shareholders are private investors difficult to muster that much support..especially as Juno holders 26%.

[wassapper] 02/7/2021 08:42

I agree that pressure should be applied to the Board and if necessary a vite of no confidence, even if it does not pass. All they have to do is provide an "Operational Update" RNS explaining what they are doing (or not). That might not please everyone, but we would at least have something.

[klondykejohn] 02/7/2021 07:11

Iglenn, you need to set up a private messaging page and invite shareholders of a likemind to join you.
I am sure the response will surprise you.
It can also be beneficial if you need some private suggestions as to how to move forward and what internal investigations you can start to explore.

[benjamin15] 01/7/2021 23:22

Should speak to some of the posters on LSE, they aren't to happy either..

[theman8] 01/7/2021 23:01

iglen I also feel quite angry like yourself ive been on this share for at least 10 years and im sure there are a lot of other shareholders that feel the same also.

Anyway why don't you invite others just as a matter of interest to just make up a list putting just a couple of initials plus their total holding mine would be DR AND I OWN 1,250,000 just to see if there is a following, then if the response is big enough we can potentially show some teeth and get this BOD sorted.

[iglenn] 01/7/2021 20:19

Thanks John. I know it's a long hard road but I do feel quite angry about this the more I look deeper into it. And I have lost a lot of money here. Many would say it's my own fault but fault lies with the protagonist not the victim.