Anglesey Mining Share Discussion Threads

[trader465] 12/2/2023 14:46

That’s merely your ‘opinion’; and you are entitled to it. I have posted ‘facts’ backed up with research links.
I suggest you put me back on filter and go order another ton of sand.

[kooba] 12/2/2023 14:28

Unhelpful input…jibberish i know more about the back story here than you have scratched on..i also understand that getting a mine financed is not done overnight and that all the progress outlined is vital in taking this forward. Move on there is nothing for you here apart from trying to trash the company now you have sold to justify your losses…a sad state of affairs im afraid.

[kooba] 12/2/2023 14:25

Tell me about the progress at LIM that was our most valuable asset over the past decade..and how Jo is responsible. You seem to have a beef about Jo has he refused to communicate because of your nature and the fact you posted information after a call some time ago..bad form that. But you obviously are gunning for him..unfortunately just about everything you think you have unearthed,(bs) was before Jo had anything to do with it. Take your losses and move on …you do not hold anymore. Talk of FCA is nonsense but you are keen to try to frighten other investors out..why is that??

[trader465] 12/2/2023 14:21

It’s not just the many conflict of interest issues. The lack of progress leads to the need for additional placings and further dilution. Thanks for your insight and unhelpful input, keep that head buried in the sand sir.

[trader465] 12/2/2023 13:57

Reference the excellent progress that Jo Battershill is allegedly making. I see he said this from the same mining journey link as above..

"We've committed to doing everything by industry best-standards," Battershill says. "The permitting process can be unpredictable, sometimes. But, even if we need to do a full environmental impact assessment for the project, the abundance of data from the mine site and local area could see the that work completed in a very reasonable timeframe."

That was said almost exactly one year ago. Yet in the recent blockbuster movie he says “we’re about a third of the way through the environmental work?

One third in one year suggests the ongoing environmental work will take a total of 3 years, ie another couple of years. Is this the reasonable timeframe shareholders expected? What will happen if we get delayed due to an unexpected Christmas during the next 2 years? More placings??

[trader465] 12/2/2023 13:24

Kooba - as you have carried out your thorough research, you will also have come across the Minco directorship links between our Mr Danesh Varma, Mr John Kearney and Mr Peter Mcparland of QME who’s private company has/and perhaps still is receiving funds from placings at AYM and has the option to undertake the mine's development in return for a 30% stake in the project.


“The QME earn-in option means that a significant amount of the pre-production capex is potentially underwritten already. That would obviously mean some dilution, but it would ensure the project is developed by a very credible and experienced mining team”



More of diluting AYM shareholders and the passing of cash around between buddies?

[trader465] 12/2/2023 12:40

Kooba - as shareholders we all have have a financial interest in AYM, the questionable dealings and dismal performance affects us all. We should therefore share our findings, both good and bad, that is the purpose of these discussion boards. I’ve learned from past experience that burying one’s head in the sand can be expensive and achieves nothing. Standing together as PI’s doesn’t give us enough voting rights to force change, but there are other ways to go about forcing change.

Let me help you out and share my research on our site manager. He’s not a new chap to AYM, it looks like he’s been freeloading for a while and is associated with Mr Cuthbertson who used to be the Accountant for Anglesey Mining.

If one googles “don the con Anglesey mining” one will arrive at this link from 2019:


On 21 July 2022 the very same don the con with an apparent questionable history was appointed a directorship of Parys mountain and mines Ltd. As far as I’m aware Parys Mountain and Mines holds the mineral rights to Parys mountain. That was the case when I looked a while back, not sure about now. Based on the information in the above link do we think this man should have been appointed to this position, or, in fact, any other position within the company?

[trader465] 12/2/2023 11:35

Kooba - having thoroughly researched the company you will obviously be aware of this man and his history? Could you tell me anything about him and his current position in the company?

[trader465] 12/2/2023 11:00

Kooba - since becoming concerned about lack of timely progress and dilution due to placings, far more concerning information has come to light, some of which wasn’t available a year ago.

For example, the Anglesey mining site manager has very recently come to my attention. Why the hell do we need to a site manager? What does he do all day? Is his salary funded from the huge company profits or is he another historic buddy free-riding on investors cash?

Do you know his name? Do you know his history? Did you know he’s been appointed a director?

To be honest I wasn’t even aware we had a site manager, we have no money and no need for one ffs!

[klondykejohn] 12/2/2023 10:49

I think you have done a hell of a lot of investigatory work here Trader.
You say you have passed information on to the FCA. I assume they will taking the whole picture into consideration.
They will no doubt tell you not to make any public statements on the issues from this point on if they intend to investigate further so you need to be careful what you post from now on.
Your journalist friend however can continue to investigate more deeply.
If people are on so many boards of so many companies and are drawing a small salary from each one, let us say by share dilution, then this is a hell of a way to earn a lucrative amount of money each year.
Could it be suggested that a certain individual has creamed Anglesey for over 30 years?
I wish that I had thought of this myself. A very effective way of getting cash.
I hope that we are wrong about this, but if websites and posts are being pulled down and comments deleted, then we should be alarmed at what is happening.
No doubt you will keep all shareholders informed of ongoing deletions etc. that will probably now happen. Kooba did a lot of background investigations. You should both get together and compare notes.
Over to you trader. Well done.

[klondykejohn] 12/2/2023 00:47

sounds as if my thoughts are similar to yours Trader.
If you feel so strongly about this then why not approach the FSA and get some advice.
Just a thought.

[trader465] 11/2/2023 18:55

Doesn’t the deal with Roslagen add fuel to the conflict of interest arguments?

Danesh Varma and Andreas Simoncic (partner at Roslagen and co founder of GIAB) both buddies on the board of GIAB have offloaded £335k of debt onto AYM shareholders, while simultaneously bagging 4.9% of AYM PLC and £89k of shareholders cash? How are we going to repay this debt? Perhaps a loan from the very same Danesh Varma under the working capital agreement at 10% and repayable using placings? Very nice move Mr Varma.
Seem about right?

I certainly don’t believe this statement in the accounts: He did not take part in the decision to enter into the Grangesberg project when this was approved by the board in 2014.

Andreas Simoncic

[trader465] 11/2/2023 17:59

Here’s a few extracts from 2005. The interest expense will be Danesh Varma pickpocketing shareholders pockets y-o-y for decades.
Do these extracts ring any bells?

It gives me great pleasure to report to shareholders on a significantly improved
position for our company.

For the year ended 31 March 2005 the company reported a loss of �124,822,
compared to a loss of �120,005 in the previous year. The loss comprises
administrative costs, property evaluation costs and interest expense. The
company has no revenue from the operation of its property.

After the year end, in April 2005, the company completed a fundraising of
�464,000 by way of a private placing of 11,600,000 new ordinary shares at 4
pence per share to 18 institutional and/or sophisticated investors. This new
financing will give the company the opportunity it has been waiting for to move
the Parys Mountain project forward.

Good prices for the metals we propose to mine, plus a relatively short timeframe
needed to get the mine into production, are very favourable indicators for the
Parys Mountain property. We look forward to an encouraging and exciting period
as the drilling programme and project review work at Parys Mountain continues
over the coming months

[trader465] 11/2/2023 17:15

“m1sterx11 Feb '23 - 10:24 - 4918 of 4921
The level of dilution suggested by a certain entity on this BB will simply not happen, the reason being Juno with their 23% stake will not allow it.”

M1sterx1 - reference Juno not allowing dilution is tosh. Over the decades Danesh Varna has trousered far more cash from AYM shareholders that the value of his Juno holding in AYM. As well as salary, perks and fees he’s been bagging 10% on his loans to AYM since 1996. His holding was 50% in 1998.

4 June 1998
“The company has concluded a new financing agreement with Juno Limited, the
company's major shareholder which holds 50% of the company's share capital.
Under this agreement, which replaces a previous working capital agreement signed
in September 1996, Juno will provide up to an additional #200,000 for current
liabilities and the company's continuing programmes at Parys Mountain. In
addition indebtedness under the existing working capital agreement of
#150,000 will be carried forward as part of the new facility.

The loans of up to #350,000 from Juno are denominated in sterling, unsecured,
carry interest at 10% and are repayable from any future financing undertaken by
the company”

[trader465] 11/2/2023 15:35

Misterx - they have not stated they are funded until the end of the year. History shows the placings and dilution keep coming regardless whether or not they have stated “funded for the next 12 months”. The number of shares being issued and financial losses have dramatically increased since directors salaries and perks were reinstated.
The issuance of 14.5m shares and £89k for the extra 29% of Grangesberg is of little benefit to shareholders while we have no means to fund the work other than placing after placing. Grangesberg and the extra debt therefore becomes a liability.

Jo Battershill needs to address dilution and funding issues as a matter of urgency, else the price per share will continue to move ever lower.

28 September 2020
At 31 March 2020 there were 186,975,732 ordinary shares in issue (2019 - 177,608,051),

08 October 2020
Anglesey Mining plc announces that it has issued 2,500,000 new ordinary shares,
representing approximately 1.3% of the company's current issued share capital

23 November 2020
Anglesey Mining plc announces that it has issued 4,625,000 new ordinary shares,
representing approximately 2.2% of the company's current issued share capital

04 December 2020
Anglesey Mining plc announces that it has issued 3,800,000 new ordinary shares,
representing approximately 1.8% of the company's current issued share capital

09 December 2020
Anglesey Mining plc announces that it has issued 1,575,000 new ordinary shares

21 January 2021
Anglesey Mining plc entered into a placing agreement today through Monecor
(London) Limited trading as ETX Capital to issue 10,000,000 new ordinary
shares, representing approximately 4.7% of the company's current issued share
capital. At 31 March 2021 there were 225,475,732 ordinary shares in issue

29 July 2021
Anglesey Mining plc is extremely pleased to announce the appointment of Jonathan (Jo) Battershill as the new Chief Executive of Anglesey and as a Director with effect from 1st August 2021

3 September 2021
The loss before other comprehensive income for the year ended 31 March 2021
after tax was £328,518 compared to a loss of £304,510 in the 2020 fiscal year.
The administrative and other costs excluding investment income and finance
charges were £162,824 compared to £134,796 in the previous year.

8 October 2021
Fund raising secures additional £768,230 via issuance of 22,595,000 shares

12 November 2021
The recent private placing has put Anglesey in a position to fund its planned operations for the next 12-months

17 May 2022
25,423,989 New Ordinary Shares will be issued pursuant to the Fundraising and a further 6,681,000 New Ordinary Shares (the Capitalisation Shares") will be issued to Juno Limited

7 September 2022
The loss before other comprehensive income for the year ended 31 March 2022 after tax was £693,242 compared to a loss of £328,518 in the 2021 fiscal year. The administrative and other costs excluding investment income and finance charges were £528,045 compared to £162,824 in the previous year. This increase is due to the recommencement of the payment of executive director salaries

25 November 2022
The group had no revenue for the period. The loss for the six months to 30 September 2022 was £453,854
The private placing in May 2022 has put Anglesey in a position to fund its planned operations for the next 12 months.

9 February 2023
Anglesey will issue 14,544,827 new ordinary shares. Following the issue Roslagen now holds approximately 4.9% of the issued share capital of the Company. As such, the total number of voting rights in the Company will be 295,220,548 Ordinary Shares

[klondykejohn] 11/2/2023 13:47

Kooba.
Your analysis is correct only if the share price remains the same.
In most cases, there will be a reduction, as is happening everytime AYM makes an issuance.
We know that 15m shares were created bringing the total to just under 300m. This is a 5+ % increase. The shares are now 1.9p .This is over a 5% reduction.
The market is not entertaining all these new issuances. hence the depressed sp
The company is massively in debt with no forward plans for production.
I have stated over and over again that the board need to resign en-mass and be replaced by a dynamic leadership.
What we are seeing between Labrador, Parys and Grangesburg is a cartel. A boys club for making a few grand every year.
Are there other companies linked to the 3 that I mention. Of course there are.
Is this a 30 year scam? Who knows, but the lack of anything truly progressive each year makes me think that we punters are being tken for a ride.