Anglesey Mining Share Discussion Threads

[calmtrader] 14/2/2023 09:19

Wrong each placing Juno can take up to 10% with value reducing debt ....that doesn't show anything but complete confidence inAYM

[trader465] 14/2/2023 08:47

Future loans from Juno will carry 5% interest and require placings to repay? At each placing Juno maintains percentage while private investors become more diluted?

[calmtrader] 14/2/2023 08:05

Downside protection for Danesh. ?His debt is being replaced with equity ..the exact opposite ...every placing he takes equity reducing his debt by the same amount

[sos100] 14/2/2023 07:56

All for balance but when someone is ramping the hell out of a shares then disappears and now decides to post continous negatives about the same stock (having been on these forums for a long time) ,i tend to ignore.....

[trader465] 14/2/2023 07:06

Correct, and that is why people need to pay careful attention to how things are playing out. I think holding AYM is going to become ever more costly. If each share goes to 0.5p who will look the most stupid?

Edit: It won’t be Danesh Varma, that’s a given. He knows what’s coming, hence has downside protection in place. Do you?

[m1sterx] 14/2/2023 06:54

Still at it trader465

It costs to be stupid the more stupid you are the more it costs.

[trader465] 14/2/2023 06:10

YasxII - we all thought the upside wasn’t far away at 4p, it has since halved.
Labelling someone with a bearish view a “troll” is standard practice on bb’s, oppositely a bull is labelled a “muppet”. Was I a muppet for having a bullish view? Am I a troll because my view has changed? If you ask Kooba he’ll probably say I’m both a muppet and a troll ;-) I still hold 1.75m AYM (difficult to sell with EMS 30k) but with a bearish view, therefore Kooba may be correct, I must be a crossbreed.

j5thumbs - I agree with your view.
Another well known dilution example is LLOY 2007-2010 down 93% from 600p to 40p. People were buying at 40p expecting a return to previous highs, of course, that didn’t happen, due to dilution.
Even if AYM is successful, recent moves by members of the boys club privy to certain information suggest private investors will be diluted out.

Last year we all had high price per share targets, a bb search for “per share” shows some of our targets and “per share” estimates:

All our previous “per share” targets and estimates become blown out of the water as the number of shares in issue grow.

AYM financial losses are ballooning since reinstatement of director salaries and perks, these salaries and perks are being paid for by issuing shares, I expect this to continue. Mr Danesh Varma protected his shareholding almost immediately after the downgrade to AIM and right before the placing in May 2022. Lucky timing or acting on insider knowledge? People must draw their own conclusion.

When Share Dilution Goes Wrong

[yasxii] 14/2/2023 00:10

I see all the Wonnifrith trolls are arriving here as expected. A strong upside move cannot be far away.

[j5thumbs] 13/2/2023 23:39

Kierculpa, the raw material may well be in the ground, but if either debt or dilution rises to an obscene level, then you get a Cineworld scenario where the share becomes worthless regardless of the outcome, even in the event of a takeover or a JV. I don't know if Trader is right or wrong in his analysis - only time will tell - but don't bank on the value in the ground to save our collective bacon as shareholders. I don't think JB will lose too much sleep if everything goes pear-shaped; at the end of the day, AYM is only a £5m AIM co. - easy to walk away from and put the failure down to undercapitalisation.

[trader465] 13/2/2023 17:45

Kiervulpa - unfortunately for us, lack of activity and delays are unknown until after the fact.

We couldn’t see the picture a year ago because we don’t have all pieces to the puzzle, the more pieces we get, the clear the picture becomes. Here’s how the picture is coming together….

Share price 4p
8 April - downgrade to AIM market
16 May - Juno dilution protection
16 May - 32,104,989 shares issued
27 October - AGM, directors authorised to issue 100% of share capital
12 January - 14,544,827 shares issued
Share price 2p

I notice Mr Varma moves in a timely manor, no delays there eh?

Am I alone in seeing how the picture is coming together?

Look at the above bearish news flow dates and look at the price chart.

[klondykejohn] 13/2/2023 15:15

Kooba, I think trader has had a reality check on life since his health scare.
We only get one innings and we cannot live forever.
Trader has finally realised that he cannot wait another 30 years for the good times to happen at AYM.
Better late than never. Forgive and forget and agree to disagree on past issues.
Work together to at least highlight the inadequicies of the board.
We all know that they are not serving the investors of AYM to the best of their abilities, or maybe this is the best?

[trader465] 13/2/2023 10:07

Ho yeah I didn’t notice that. But it also includes dilution protection where Juno are handed 10% cash of future share issues. I assumed the 10% of placing cash handed to Juno was a one off, but they’ll get 10% cash of all future placings

[calmtrader] 13/2/2023 09:43

The rate on the debt is 5% as Jo renegotiated it!!!

[trader465] 13/2/2023 09:19

Buying or selling anything based on bb posts is’t a smart thing to do. One must do one’s own research.

Ref the near term placing, best we agree to disagree. Time will tell who was correct when the unknown becomes a known.

[sos100] 13/2/2023 09:09

Overdrive ramping and now overdrive in deramping👏

[m1sterx] 13/2/2023 09:05

I would rather believe what is in a official RNS than listen to a lonely voice on a bulletin board trader465, if they say they are funded they are funded.

Your intentions are clear, your aim is to destabilise holders into selling so you can justify your own exit from AYM. The last thing you desire is for the shares to rise now which they could from this very oversold level.

No-one listened to you when you were pumping the stock and no-one will listen to you now.

Remember trader465 - it costs to be stupid the more stupid you are the more it costs.

[trader465] 13/2/2023 08:55

I’d say we’ll be hit with another placing within 2 months. Anyone disagree?


Losses have now accelerated to around £1m a year
The loss for the six months to 30 September 2022 was £453,854. Net current assets at 30 September 2022 were £539,077

We have mouths to feed, golf clubs to sponsor, we have to pay 10% of debt to Mr Varma’s AYM savings account and we’ve handed £89k to some buddies. We may have enough to buy a wheelbarrow for the needless site manager/director come April.

[trader465] 13/2/2023 08:19

Paid for research notes are worthless. If WH Ireland thought something was worth 450% more than it’s current price they’d buy it themselves.

If I paid WH Ireland to put out a research note valuing my old Wellington boots at £10m it would be done.

[trader465] 13/2/2023 08:15

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

25 November 2022
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

[the_sage1] 13/2/2023 08:06

Cash runway longevity - RNS 25th November

[danmart2] 13/2/2023 08:02

Forecast prices are meaningless

It’s an opinion, it means nothing

[the_sage1] 13/2/2023 07:59

WH Ireland 11p price target November 2022.