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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
  -0.025 -0.61% 4.075 3.95 4.20 4.10 3.95 4.10 328,533 16:24:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.3 -0.2 - 9

Anglesey Mining Share Discussion Threads

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DateSubjectAuthorDiscuss
03/9/2021
09:35
He was appointed just before they were prepping these results. As always, probably takes the old folk a fair bit of time to write and proof their yearly essay. Methinks we will hear some bits soon.
smackeraim
03/9/2021
09:05
Really not focused on the company having debt as there is no interest charge in p&l ..the interest rolls up in capital each year.So when valuing the company one needs to take £4m of debt climbing every year into account.
kooba
03/9/2021
09:00
So note 1818 Loans Group Company 2021 2020 2021 2020 £ £ £ £ Loan from Juno Limited (3,815,022) (3,660,788) (3,815,022) (3,660,788) Loan from Eurmag AB (332,272) (321,105) - - (4,147,294) (3,981,893) (3,815,022) (3,660,788) Juno: The loan is provided under a working capital agreement, denominated in sterling, unsecured and carries interest at 10% per annum on the principal only. It is repayable from any future financing undertaken by the company, or on demand following a notice period of 367 days. The terms of the facility were approved by an independent committee of the board. The carrying value of the loan approximates to its fair value.Eurmag: The loan arose in connection with the acquisition of the investment in Grangesberg. It is the subject of a letter agreement, denominated in Swedish Krona, is unsecured and carries interest at 6.5% per annum on the principal only. It is repayable from any future financing undertaken by the company, or on demand following a notice period of 367 days. The terms of the facility were approved by an independent committee of the board. The carrying value of the loan approximates to its fair value.
kooba
03/9/2021
08:58
A few other things This is something i was not aware about before Danesh Varma has been associated with the Grangesberg project since 2007 when he became a director of Mikula Mining Limited, a company subsequently renamed Eurang Limited, previously involved in the Grangesberg project. He did not take part in the decision to enter into the Grangesberg project when this was approved by the board in 2014. The Group has a liability to Eurmag AB, a subsidiary of Eurang, amounting to £332,272 at the year-end (2020 – £321,105). See also note 24. I then went to look at note 24 that led me on to note 18 because was somehow not aware of this liability
kooba
03/9/2021
08:55
Well put Kooba and this is my fear that in fact the real power remains in the old hands. That appears to be coming apparent with the silence from the new CEO. I know you may say "give him a chance" but 5 weeks is long enough IMHO to string a simple statement of intent together and introduce himself to the shareholders.
iglenn
03/9/2021
08:54
Agree 100% Kooba. There has to be a completely new board in place if we are to see and believe that Parys can move forward.
klondykejohn
03/9/2021
08:41
Opportunity for any any new directors to buy (add) in the market now they're clean !No comment on the other new board appointments they highlighted a month ago..would still like to see further independence on the board and those on for more than 13 years exiting stage left. The Bill Hooley move from CEO to a non executive deputy-chair position is frowned on in current corporate governance code..there is already no non executive director correctly classified as independent and moving the old CEO to a non executive role is still facilitating board control with the old guard of connected parties.Hoping when new CEO gets a grip he insists on further board changes..all of the balance of the board have been in position too long and are undoubtedly set in their ways..if the new ceo is to make real progress and add value then he needs to be free to define a business model free of emotional or legacy concerns of the old guard.
kooba
03/9/2021
08:23
Only 100,000 available at offer and it moves up, large premium being asked for £5000+ of stock.
broken_arrow1
03/9/2021
08:16
The recent changes have not been reflected in the market valuation of Anglesey, the focus seems to be on production, the new CEO has been sourced to deliver. The share price is a total anomaly, how can projects, so relatively advanced, be valued by the market at less than £4m. If the new CEO is media active and starts promoting as I expect the shares could easily surge, even at 20p the company would only be valued at £45m. If they secure a meaningful JV partner then rockets will be in order.
goldenshread
03/9/2021
08:10
Opportunity gone.
smackeraim
03/9/2021
08:09
Will go blue shortly
benjamin15
03/9/2021
08:09
Will go blue shortly
benjamin15
03/9/2021
07:56
Impossible to buy online now, only 2 weeks ago the stock was trading at 4.75p & 6.5p in March. The update today was very reassuring, more cash than expected and a new CEO to drive the project suite forward. The undervaluation of Anglesey has been a result of purported boardroom inactivity -this has changed, so has the investment proposition. The valuation could be many multiples and still be considered cheap.
space_dust
03/9/2021
07:38
Only 50,000 shares available at full offer then it moves up, they want a significant premium for 150,000+
broken_arrow1
03/9/2021
07:25
Sometime you have to take a bet on people. We know the assets are solid.
smackeraim
03/9/2021
07:24
Exactly. Google him. Check his own company out etc. He's not an old Bill. ;-)
smackeraim
03/9/2021
07:17
All buys so far
calmtrader
03/9/2021
07:16
The new CEO seems to be a industry bruiser, gets things done therefore, the drop today offers a opportunity. Will be interesting to see things develop.
space_dust
03/9/2021
07:07
Added 50k on the bell. Still think this new ceo will freshen things up, now this is out of the way.
smackeraim
03/9/2021
06:52
John F Kearney Chairman 10th December 2020 We are also actively reviewing two other base metal projects in established geographical locations and we hope that we should be able to come to suitable working arrangements with one of these in the coming months. All in all, we are confident of the way forward and positive on the outlook for Anglesey Mining for 2021. John F. Kearney Chairman of the Board 2 September 2021 We have outlined new initiatives at Parys Mountain and at the Grangesberg and Labrador iron ore projects that will each be critical in moving all these projects thorough to production. These are all exciting opportunities and need to be moved forward with the greatest speed possible within the constraints of the resources available. Nothing at all to report. As Kooba says just a mish mash of old news and broken promises. And not a word from the new CEO....very strange. My confidence almost fully eroded again. Bunch of muppets and I honestly dont think anything will change here now.
iglenn
03/9/2021
06:49
No not new
calmtrader
03/9/2021
06:47
Overall a mixed update, can’t claim to to be positive or negative, will need to digest the content. What do they want to portrait to the market vs what the figures tell the market.
danmart2
03/9/2021
06:45
They have nearly £900k in cash in June as opposed to circa £100k at the same time last year, more than I thought. In all a pretty comprehensive update, it is now down to the new CEO to move things forward. I noticed this statement, is this new, if so it seems pretty material.... Under the Development and Co-operation Agreement with QME, the Group has agreed to grant QME various rights and options relating to the future development of Parys Mountain. Anglesey has agreed to a grant to QME the right and option, upon completion of a Prefeasibility Study, to undertake at QME’s cost and investment, the mine development component of the Parys Mountain project, including decline and related underground development and shaft development, with a scope to be agreed, to the point of commencement of production, in consideration of which QME would earn a 30% undivided joint venture interest in the Parys Mountain project.
space_dust
03/9/2021
06:41
Yeh it's a very long report restating previously known information that can be distilled down into the following points:PEA to be initiated at granesburgFurther drilling to start at Anglesey£4mill added to balance sheet from LIM
pistolpete100
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