Anglesey Mining Share Discussion Threads

[pistolpete100] 21/11/2022 20:53

Looking at the track record of progress it absolutely is a gamble - but I think it's really looking like an attractive one for many - I guess one way of looking at it is if a suitor came into buy - they'd be paying a lot more than £5M

[kennyp52] 21/11/2022 20:28

Slow death ? £5m MCAP now . Sounds like a CEO that just wants some pocket money going from other posts here . Very much a gamble .

[mrmcnee] 21/11/2022 20:18

Have located the interview about his other roles, look how he squirms when asked if he will give them up for AYM, he was clearly taken aback - seemed very unsettled answering, he said he would but still remains at Silver Mines and UFO.

At 1 hour 30 mins exactly is when Sarah Lowther asks the pointed question, in January this year.

[mrmcnee] 21/11/2022 19:49

The problem here is they have appointed a CEO who has no qualms in heading to the nearest bucket shop broker to place stock at ever more penal rates. It appears he has no interest in the retail shareholders, he implied as much when he ridiculed them in an early interview.

Sarah Lowther of Proactive asked if he was going to resign his 3 other non-executive roles including at AIM listed UFO. He said he would but has only resigned from Black Dragon, he trousers $75,000 from Silver Mines and $38,000 from Alien (UFO) and gets at least £120,000 from Anglesey.

Jo may appear a chirpy fellow and full of beans but he is also coining in a nice wedge without doing much in the process, in the meantime AYM shareholders are slowly seeing their investment destroyed.

It is way past time he was tackled on the above issues.

[pistolpete100] 21/11/2022 19:06

Yes - seems no end to the selling - I would think this is beginning to look attractive to many as a strong risk reward play - and also to potential suitors at this valuation

[bodgit] 21/11/2022 16:32

Two years ago..... What a tempting gamble this is now. Gla

[sos100] 21/11/2022 16:23

when was last time this went under 2p?

[ryanrhys1] 21/11/2022 06:11

Large parts are Jorc, it's the inability of anyone company to asses the whole site.

They say option C the preferred one is $99 million in pre production expenditure.... A pipe dream I feel!?

[lookingforhelp] 18/11/2022 13:12

Unfortunately the regulatory system changes. There never used to be a JORC code, then there was JORC 2004, which was then replaced by JORC 2012...Mine financing has also become more difficult with high-street banks pulling out of funding miners, so the pool of funds is smaller meaning risk tolerances change.

[lookingforhelp] 18/11/2022 13:09

Has the AYM share price performed much worse than any other pre-development resource stock on AIM over the last 12-months ?

[ryanrhys1] 17/11/2022 15:33

Why do these tiny companies spend years trying to prove an already proved resource. Then once they have proved it they drill again like they don't already know copper exists in these grades!?

Hey I know, we can't get funding for any real development but we can get a small amount of cash and drill again, and again and again and so on until it's Swiss cheese!?

[j5thumbs] 17/11/2022 13:50

kennyp. :P

[j5thumbs] 17/11/2022 13:50

kennyp. :P

[j5thumbs] 17/11/2022 13:48

The Parys "MINE TRAIN ADVENTURE" could bring in a few bob. Fish 'n chips kiosk, Pizza stall, and a few holiday lodges here and there. If Morwellham can do it ...hxxps://www.morwellham-quay.co.uk/visit-morwellham

Seriously though, sub 2p is truly depressing. Starting to lose the faith a little ...

[kennyp52] 17/11/2022 09:06

“Mines and Money” … it’s got no mine and needs loads of money 🤣

[djb3] 17/11/2022 07:35

Exactly, don't believe anything trader says. He's in this too deep to back out. It doesn't matter if copper price doubles, it will have no bearing on AYM. Because let's be honest the mine will never happen. How they ever going to finance it?

[sos100] 17/11/2022 06:14

Overusing platforms like twitter ....but nothing has changed.

with a share price going into the gutter one would think they would have taken up the 50%..or done something of significance.

going to be a bull run on copper soon but we're no where near getting this mine back into production

Project economics are only important for shareholders if an asset is knocking on door of production...
Progress is too slow

[klondykejohn] 16/11/2022 22:57

I still believe that this share price will dip below 2p before long.
Just waiting for the next share dilution.
Someone is selling off in big chunks.
Is it you trader465?

[ryanrhys1] 16/11/2022 22:23

One would have to agree, same scenario plays out in most AiM mining companies.

[mrmcnee] 16/11/2022 15:05

One other thing, last yesr he was asked by Sarah Lowther in a Proactive interview if he was going to give up his 2 non-Executive roles elsewhere given Anglesey would be so busy, he was rather taken aback at the time, said he would, so has he - not on your nelly.

In Jo you can trust.

[mrmcnee] 16/11/2022 14:54

The relatively new CEO has turned AYM into a rolling short, he has no concerns for existing shareholders. He will soon be heading through the door of the nearest bucket shop broker to raise a pitiful sum of cash at penal rates.

The 'soft' questions asked by media outlets (of which AYM shareholders have to fund) never dare ask how this outfit are going to finance the 2 projects they have. Never ever.

Just look at the trade data over the last few months, some entity has been pounding the bid with 100k/200k share sells happy in the knowledge that Jo Battershill will close their short by placing stock.

In Jo you can trust, to destroy shareholder value and dilute AYM holders into oblivion, once a spiv always a spiv.

[klondykejohn] 16/11/2022 13:38

If Grangesburg was a viable sale then Aym would have taken up the additional 50% option a long time ago.
Sadly. this is the same old story being repeddled over and over again.
A bit more drilling to keep us happy, a very small increase in known, indicated and inferred. Labrador approaching feasability, Grangesburg looking into rail links.
Just how far off is this company from actually getting any one of these projects into production. 1 year,5 years,10 years? Take your pick.
A big big disappointment in my eyes, but maybe I am wrong.

[mrmcnee] 16/11/2022 11:47

I see the company is exhibiting at Mines and Money, well maybe they should put a massive 'For Sale' board on the stand and hope to hell a mid-cap or major company will take this shower out.

The new CEO has worked wonders since his appointment, headed to bucket shop brokers twice to raise pitiful sums of cash at penal rates and has taken the share price down from 4p to 2p - well done Jo.

No doubt there will be a share price rally, there always is on AIM, 3p looks like an oasis in the desert currently, the share price was 9p in Q1 2021.

[ryanrhys1] 14/11/2022 22:28

I'm not here to bash the company or CEO, Anglesey seems a fantastic prospect but until they can jump through the hurdles it is still just a gamble nothing certain and still too far away from anything but talk as permits and such still ongoing.

My main question was financing but as yet we will have to wait and it would be prudent of them to gain that now to secure investors interest.