Anglesey Mining Share Discussion Threads

[calmtrader] 26/5/2023 15:35

Yep agree..seems a few buyers around today

[mininglamp] 26/5/2023 12:48

Very good value at current levels IMO, they are funded now, probably for the next 12 months, the shares are still tightly held and it does not take much volume to move the price.

It would only take once piece of decent news !

[calmtrader] 26/5/2023 12:02

Grabbed a few

[broken_arrow1] 26/5/2023 11:58

Very little stock on offer currently, the RSI is totally smashed to pieces meaning the shares are materially oversold.

Could be worth a trade at current levels therefore.

[trader465] 22/5/2023 11:50

Are the boys club planning to off-load their private company debts onto listed AYM?

[trader465] 22/5/2023 11:29

By taking the shares at 3p Roslagen are effectively agreeing that AYM were over paying for GIAB. Don’t forget they also trousered £87k in cash and dumped £335k of their debt onto AYM shareholders.

GIAB has £7.4m liabilities, that’s almost 2x AYM cap.

“As part of the 2014 agreements and reorganisation, an outstanding loan in GIAB
in the principal amount of US$3.5 million due to KII Holdings Limited, a
Cypriot subsidiary company to a substantial Greek shipping group, was also
renegotiated. At the end of December 2022, the liabilities on the GIAB balance
sheet included outstanding debt of SEK 93,023,816 (£7.4m), which included SEK
79,675,695 (£6.3m) payable to KII and SEK 10,448,605 (£0.8m) to Roslagen, prior
to the assignment of SEK 4,200,000 to Anglesey as part of the proposed
transaction”


“This time next year” says Del Boy Battershill 🤣

[goldenshread] 22/5/2023 10:55

I have not posted for a while but am disgusted about the placing at 1.5p, back in March I suggested I was not impressed with the CEO's attitude towards shareholders and WOW he sure has shown it.

No wonder JB has gone below radar all of a sudden, the vast majority of posts are damning since the placing RNS.

There is one outlet which might bring value way ahead of expectations however, that is if they increase their stake in Grangesberg to 100% (they have circa 50% now) and then sell the entire project for a very substantial sum, they hinted at this option back in January maybe there is a buyer lined up.

Remember Roslagen Resources took shares in AYM at 3p in January in payment for their 29% stake in Grangesberg sold to Anglesey, let us see what happens.

[trader465] 22/5/2023 08:30

It’s not possible to profitably trade a stock with a 15% spread.

I’d say the corporate plan now is to attempt to ramp the Northern Copper Zone drill via a few movies and carefully worded RNS’s and hope for a share price rise ahead of the next placing before year end.

Now that Joe Battershill has shown his true colours I don’t think many will be falling for the next “significant drilling” or “significant progress” stories.

[yasxii] 22/5/2023 07:00

Every junior on AIM is simply a trading stock, individuals must not get too attached and fall in love with the prospective company.

AYM like others will bounce hard, they all do at some point.

[trader465] 22/5/2023 05:20

15 years ago…

“We expect to commence bringing ore to surface during 2008 with first concentrate production during 2009”

“On 19 July 2007 a fund raising for £1,100,000 before expenses was effected by
way of a private placing of 13,750,000 new ordinary shares at 8 pence per share
to 5 institutional and/or sophisticated investors”

“Our focus is now clearly on bringing our projects into production as rapidly as possible”

[kierculpa] 20/5/2023 20:30

Absolutely. What exactly does he do mon to fri? In the last year commission some test drilling and a handful of wish list interviews/presentations. Wow. JB is destroying what little credibility AYM has left.

[grimreaper2019] 20/5/2023 19:16

The problem is under smiling Jo he has turned AYM stock from a relatively stable price to a rolling short because of his persistence in placing stock with no qualms at ever lower prices.

The fellow has had 12 months to make a plan to provide non dilutive finance for Parys Mountain, as stated in the tweet by Oilplayer, why not find project finance, or bring in a JV partner to do the paying (even Conroy Gold found a Fortune500 JV partner) or sell a project or the equity stake. But no he uses bucket shop funding.

Many do not understand how brokers/insiders/market makers/city pro's work, they identify a company with a history of placing stock and they, over time, forward sell the stock and close via the expected placing.

I am not convinced smiling Jo has any concerns for AYM shareholders, after all he has publicly ridiculed them in various interviews, is it contempt, I think so, is he lazy as some imply who knows, you have to wonder what these individuals do Monday to Friday every week, we will never know.

[kooba] 20/5/2023 17:48

No but I'm a realist and I know what conditions are like to raise funds right now for micro caps...so raising money at all is a result ! I don't think you've been invested that long and are already out of patience..if you bought a share like Anglesey for a quick punt that probably wasn't the best call. I suggest you look at the report and accounts and rns' to see what has been achieved under the new CEO ..a little bit of research never hurts and often helps make you look better informed.

[kooba] 20/5/2023 12:13

Presume trader the total ramper of Angelsey who has now cut their loses and turned into an extremely boring basher is still doing his thing. Shame they can't move on but guess they want to blame someone for their losses, bit sad really. I have them on ignore but note the volume of traffic and can just imagine the bile.

[trader465] 20/5/2023 12:06

“he has taken stock in lieu of salary and has invested a decent amount of any cash earnings in the shares. He is aligned to shareholders”

He is not aligned with shareholders

Buying a few quids worth of shares to trouser £120k basic plus fees and expenses ‘every year’ is throwing a sprat to catch a mackerel

How many share options did you receive? Over a five year period he will trouser over 10% of AYM market cap in basic salary alone, will you? Do you know of any other CEO who bags 10% of the market cap in five years?

[bodgit] 20/5/2023 11:10

kooba, fwiw, I agree your two recent posts. My shares remain in the bottom drawer and if I dig down at the back of the sofa, I soon might find some small change to invest more in the AYM potential. If I win the lottery tonight, I might buy the company! Gla.

[kooba] 20/5/2023 10:54

I really don't think you have a clue...lifestyle business indeed. Its a very small pay check relative the the city job he had ..he has taken stock in lieu of salary and has invested a decent amount of any cash earnings in the shares. He is aligned to shareholders. And he certainly is not responsible for the total lack of progress before joining !! He has achieved a lot in the time he has been in charge. So stop talking rubbish.

[kierculpa] 20/5/2023 09:07

Progressing? Progressing? Pushing the limits of the definition there. Everything is snails pace. Pre production seems to have taken 35 years. JB offered hope, but has seemingly delivered more of the same. A lifestyle business. Funded by mugs like me.

[trader465] 20/5/2023 08:03

“During the past year in October 2021 and May 2022 over £1.5 million was successfully raised in new financings”


“for the six months to 30 September 2022 the expenditures on the mineral property in the period were £320,887”


So, they raised £1.5m from October 2021 to May 2022, add-on the latest £1m placing gives a total of £2.5m raised in 18 months = Avg £138,888 per month
Expenditure on the property was £320,887 (for 6 months) = Avg £53,481 per month.
Where is the other £85,407 per month (£1m per year) going?

Only 38% of the cash raised is being invested in the projects while 62% is being trousered in fees, salaries and perks

If funding via placings continue at the current average rate of £138,888 per month then they’ll need to continue raising £1.7m a year by issuing increasing amounts of shares at ever lower share prices which will cause compounding upwards of shares in issue.

Over 1,000,000,000 shares will soon be in issue at the current dilution rate.

[grimreaper2019] 20/5/2023 07:31

One more point, smiling Jo was asked in a Proactive event after the last placing why the broker took so much stock if it was oversubscribed and received 'institutional support' as suggested in the RNS at the time, who was dumping large lines of stock in the market was also asked.

His reply was he was unaware of any selling and assured all that stock was taken by long term holders, however there was never ever a TR1 which suggests no-one took a stake of over 3%.

Surely a institution would have taken a 3%+ stake if they had subscribed.

[grimreaper2019] 20/5/2023 07:18

This critical post by Oilplayer2009 was re-tweeted by the CFO of Anglesey - it suggests he is not happy with recent financing by dilution - he was a stalwart of the old BOD who vigorously avoided issuing shares and worked for no salary for lengthy periods.

One wonders if this is a clue to where AYM are going (project funding) or whether there is a internal 'disagreement' over policy - there is no doubt that Jo B has no qualms in screwing shareholders with dilution, he boasts about his ability to finance projects but all he has done so far is head to the nearest bucket shop broker.

There appears to be some reluctance for the Co to show their face since the wretched placing.






NB. one assumes the DV Twitter account is genuine.

[trader465] 20/5/2023 05:35

29 April 2019
Anglesey Mining plc is pleased to announce that it has today entered into a
placing agreement to issue 9,367,681 new ordinary shares, representing
approximately 5.3% of the company's current issued share capital, at 2.135
pence per share in a placement to institutions, to raise a total of GBP200,000
gross and GBP180,000 net
Following this allotment the issued ordinary share capital of the company is
186,975,732 ordinary shares

24 August 2020
Anglesey Mining plc is pleased to announce that it has today entered into a
placing agreement to issue 12,500,000 new ordinary shares, representing
approximately 6.7% of the company's current issued share capital, at 1.6 pence
per share in in a private placing, to raise a total of GBP200,000 gross

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,
at 1.8 pence per share

21 January 2021
issue 10,000,000 new ordinary shares, representing approximately 4.7% of the company’s current issued share capital, at 6.6 pence per share to raise a total of £660,000

16 March 2021
Application has been made for a block listing of 10,000,000 shares to be issued
in respect of the company's unapproved share option scheme
a total of 3,500,000 new ordinary shares of 1 pence each will be issued to the persons
shown below

John Kearney 500,000 2p
Bill Hooley 1,000,000 2p
David Lean 500,000 2p
Howard Miller 500,000 2p
Danesh Varma 1,000,000 2p

10 May 2021
Anglesey Mining plc has been notified of the following share sales by members
of the board:
John Kearney 500,000 4.18p
Bill Hooley 1,000,000 4.18p
Howard Miller 500,000 4.18p
Danesh Varma 1,000,000 4.18p

8 October 2021
Fund raising secures additional £768,230 via issuance of 22,595,000 shares at a price of 3.4p, a discount of 5.6% to the closing price on 7 October 2021

17 May 2022
The Placing and Subscription has raised, in aggregate, gross proceeds of GBP864,416. The Placing comprises the placing of 22,829,705 Ordinary Shares with certain institutional and other investors at a price of 3.4 pence per share
In aggregate, therefore, 25,423,989 New Ordinary Shares will be issued pursuant to the Fundraising and a further 6,681,000 New Ordinary Shares will be issued to Juno Limited

4 August 2022
A total of 10,900,000 Options have been granted

25 November 2022
The group had no revenue for the period. The loss for the six months to 30
September 2022 was £453,854 and the expenditures on the mineral property in the period were £320,887

12 January 2023
the assignment to Anglesey of 40% of outstanding subordinated debt owed to GIAB with a nominal value of £335,000
A cash payment to Roslagen of £87,000
The issue to Roslagen of 14,544,827 new ordinary shares of Anglesey Mining

16 May 2023
The Placing and Subscription raised, in aggregate, gross proceeds of £1m. The
Placing comprises the placing of 64,999,993 Ordinary Shares at a price of 1.5 pence
per share

Following Admission, the total number of Ordinary Shares in the capital of the
Company in issue will be 379,809,689