Anglesey Mining Share Discussion Threads

[kooba] 14/2/2023 16:25

Posting a tiny picked part of a post is low ..even for a low life like you trader.Note the last sentence!"The bear case seems to rest solely on having to raise more money..i am expecting them to raise more money as the value of the assets becomes more apparent..delighted. Dull argument exposing little knowledge of mining exploration…understanding they are trading at a tenth of likely current industry value is far more interesting. "I stand by that 100% too.

[trader465] 14/2/2023 15:45

UFO the other PLC Jo Battershill is on the board of has 4.7 billion shares in issue at 0.5p. No need to say more. I don’t follow UFO or what they do, but I know of Jim Williams spouting about putting Arian Silver into production about 15 years ago. I assume it’s been running on placings ever since.

[trader465] 14/2/2023 15:31

Thanks for the compliment.

You are obviously not paying attention. The 40p Per share target for Parys was an extract from your post 3681 on April 22

Dilution maybe expected, but it’s the lack of progress exacerbating the ‘scale of the dilution’ which is of concern.

[kooba] 14/2/2023 15:17

It would have needed to be £100m without dilution to get to 40p a share ..if we get to 1B shares in issue then that 40p 4 times less so 10p yet you think they are now expensive at 2p...you are no financial engineer sunshine you can't even do basic math. Lol

[kooba] 14/2/2023 15:10

If people pay no attention to company communications it doesn't make them clever..in fact quite the opposite.

[kooba] 14/2/2023 15:09

I never said Parys could be worth 40p a share! That was you. And when you said it we had already issued equity to raised money needed for fully detailed work stream..the other share issue recently was to buy a majority interest in Grangesberg which I think adds enormous value . At what point anyone in their right mind thought the company would get to a point of fully funding this development without dilution was someone who had done zero homework and had no clue what they were investing in or junior miners in general.Posting stuff that is fully disclosed in shareholder documentation or rns' is not exactly a revelation or deep dive research to those that do read the communications in a timely manner.

[trader465] 14/2/2023 13:43

kooba - 18 Apr 2022 - 16:25:02 - 3681 of 4997 Anglesey Mining - 2021
“Parys could be 40p per share”

I agreed at the time. However, we didn’t then know of the delays and extended timelines.

If we get to 1 billion shares in issue, which is quite likely with the current lack of progress and falling share price. Then, the market cap would need to be £400m, or 69 times the current £5.8m to achieve the above 40p price per share, and that’s on Parys alone! 40p per share won’t happen with 1b shares in issue.

Old price per share targets simply become unrealistic post dilution. At the moment we don’t have the dilution piece to the puzzle, and that’s the biggest and most valuable piece.

[kooba] 14/2/2023 12:50

What's difficult to understand on a debt for equity swap on same trrms as raise. This happen a while ago when you were spouting 40p targets How else is the company going to pay down debt , debt which was taken on to save the business as you pointed out when I raised it ages ago. Nothing like doing some homework once you are out..what a clown.

[trader465] 14/2/2023 11:38

The net effect of reducing debt to Juno by £300k is rubbish. It has diluted us.

They’ve put £1 in our right pocked and taken £1.30 out our left pocket.

We also have a liability to the boys club via Eurang which is growing and repayable from future financings. More expected dilution and cash handouts coming from that.

[trader465] 14/2/2023 11:17

Yep, I think you were right about this one Kenny. (for a change) ;-)

Varma held 21% pre placing and 23% post placing. Dilution protection!
He also bagged £78,345

Since then, he has dumped £335k of debt on us via his buddies at Roslagen and we’ve paid them £89k for the privilege. Meanwhile the share price has halved and private investors have a 50% loss.

[kennyp52] 14/2/2023 10:44

Surely the placing is due to the fact they have no revenue and would otherwise default? This is just looking more and more like a director salary scam imho . There needs to be a JV or something that will generate revenue . Placing every year to fund salaries and drilling costs is a road to nowhere without a final goal / plan . Don’t forget every time they do this your shareholding dilutes / devalues.

[calmtrader] 14/2/2023 09:55

Yep you are right you have got it wrong ..interest charged is 5% reduced from 10%...and outstanding debt falling with every equity placing

[klondykejohn] 14/2/2023 09:40

Is the placing to pay for the interest on debt?
5% repayment on Say £300k is £15k, converted to share value of say, 3p equals roughly 0.5m new shares.
At 2p =750k, at 10% = 1.5m shares.
I don`t know what is owed, nor the interest %, nor the share price price agreement for conversion, but this is a lot of shares, just to cover the interest due.
Realistically, Juno are overcharging on the debt interest by a massive amount and have done so for a long time and this should be addressed.
Or maybe I have got it all wrong

[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.