Anglesey Mining Share Discussion Threads

[buttyboy] 18/4/2024 08:34

trader465; in all due respects to the company, this chap will work as a team ... he is not meant to be a micro-manager. His job now is the build a reputable team around him. Remember, this appt has been on the cards for some time (like 4+ months) so its more than likely sources of finance have already been initiated .... if not then its going to be a case of shares in lieu of salary like with the previous chappie.

[buttyboy] 18/4/2024 08:05

The share price will flip up today, that's for sure. Remember a previous quote, "the market doesn't like uncertainty". However, the momentum has to be full-on otherwise the novelty will fade away. The IR/PR machine has to be in overdrive.

[mininglamp] 18/4/2024 07:52

A good appointment and hopefully he will be able to progress the corporate action surrounding Grangesberg that was 'close' in Q4 last year, that would deliver significant value to AYM.

They need to concentrate on Parys Mountain moving forward for sure.

An early interview from the new CEO would go down well, especially if he re-iterates the plan for Grangesburg.

With the Copper price flying this appointment is perfect timing and makes his job easier for sure.

The shares should start to re-rate IMO.

[buttyboy] 18/4/2024 07:27

Fair play, credit where its due ... good appointment. Now comes the hard task.

[trader465] 18/4/2024 07:22

AYM need a professional CEO, they’ve already had lots a mining engineers and geologists running the show.

“Rob is a Mining Engineer”

[bodgit] 18/4/2024 07:21

Good news indeed. Gla.

[trader465] 18/4/2024 07:20

Jobs passed around amongst stable mates from the Camborne school of mines 🤷‍a94;️

Just another snout in the trough, he needs to do a placing to generate cash for his salary, not going to be popular

[pistolpete100] 18/4/2024 07:10

Looks like a strong appointment - fair play to the board for securing someone which such extensive experience and connections within the industry

[calmtrader] 18/4/2024 07:09

Excellent appointment

[bigbigdave] 18/4/2024 07:07

Anglesey Mining plc (AIM:AYM), 100% owner of the Parys Mountain Cu-Zn-Pb-Ag-Au VMS deposit in Anglesey, North Wales, is pleased to announce the appointment of Robert (“Rob”) Marsden to the Board as Chief Executive Officer with effect from 1st May 2024.



Rob is a Mining Engineer with 29 years of international experience. Upon graduation from the Camborne School of Mines in 1995 he joined Rio Tinto plc and over the next 18 years held several technical, operational and management roles , living and working in South Africa, Australia, France and the USA, and was latterly employed in the Business Evaluation Department at Rio Tinto’s head office in London.



In 2013 Rob founded his own consultancy, MarsdenGray, based in the UK, to draw together his unique blend of technical, financial and practical experience, providing clients with clear robust insights into the planning, operation and evaluation of mining projects.



During his career, Rob has gained experience across a wide range of commodities including copper, diamonds, gold, silver, coal, industrial minerals, and iron ore with on the ground assignments around the world, including Australia, Botswana, Brazil, Chile, Canada, Ghana, Madagascar, Peru, South Africa and Zimbabwe.



Rob is a Member of the Institute of Materials, Minerals and Mining (IOM), Qualified for Mineral Reporting (by IOM), is a Fellow of the Geological Society (London) and an Associate of the Camborne School of Mines.

[kooba] 13/4/2024 15:00

See I can be funny as requested. Glad you enjoyed it.

[buttyboy] 13/4/2024 14:06

Oh Kooba, my ribs are hurting with laughter!

[buttyboy] 13/4/2024 12:58

Interesting article, calmtrader. Yes, gold is going up but you can't maximise your gold recovery at Parys Mt without the expense of copper recoveries (wait for the results from a future PFS). Anyway, right now that doesn't matter .... its an exploration play so by all means maximise the traction on these metal price increases.

[calmtrader] 13/4/2024 11:46

https://x.com/angleseymining/status/1778815492326592801?s=46&t=Eq7T3qYOfnR2zrro-cygFw

[buttyboy] 13/4/2024 09:10

j5thumbs; Kooba doesn't do "humour"! Kooba seems very supportive of current management/BoD explaining they have experience in this and that and can put the World to rights. FACT: the current BoD are taking the Pi55 out of all shareholders. Here we are having finished the second week in April, Easter has gone, April Fools Day has gone and still no insight who the new CEO is !! I know some shareholders have been here for what might seem like an eternity, some more recent, or, like me, somewhere in between but really, enough is enough.

A number of weeks back, before Easter, I was liaising with someone on this thread about my then pending Easter visit to Anglesey. I did so and spent the long weekend there. Apart from visiting the Oyster Catcher restaurant (still no oysters on the menu!) I did drive to the Parys Mt site. I walked around the old oxidised cap of historic mining fame and the only activity I witnessed were dog walkers and some groups riding their mountain bikes over the terrain. I saw the old headframe (hard not to) but I couldn't hear a drill machine churning away (perhaps I didn't listen hard enough) neither could I see any company activity ... it was Easter I suppose. I also saw the old remnants of the tailings settling ponds which I can only assume would be quite acidic; not as acid as nitric but also not wanting to fall in.

On my way home, I stopped off at Chester Zoo (had the grand kids in tow) and met Billy the Baboon and Mike the Giraffe and I thought, even if either Billy or Mike could be seconded as an interim CEO, then at least this would generate some news where positive spin could be applied.

I think it was kooba who put it to me a couple of weeks or so on this thread, why don't I apply for the position. Am I qualified? YES. Do I want the job? NO. What AYM needs is a younger dynamic and proactive person to lead the charge forward. There are too many worms in the woodwork which are going to pop out every so often, all of which can be overcome but they will cause temporary hurdles. This is what I would do though:

1. The exploration upside of Parys Mt is evident; yes, the CuEq grade thus far is challenging especially when you add in a realistic contingency factor and irrespective of what others state, there are historic and underlying environmental issues.

Raise finance (perhaps easier said than done)but with the right person with corporate connections and who can sell sand to the Arabs and ice to the Eskimo's, this is very much doable.
Continue drilling to get more infilled resources into the indicated category and perhaps even some current indicated resources into the measured category. Concurrently work on the PFS with an aim to complete during the 4th quarter this year.
Liaise with Natural Resources Wales ("NRW") to get grants to clean up the environmental concerns. I understand not all will be the responsibility of the Company but, for example, if those old settling ponds can be cleaned up with non-shareholder money then you are achieving 2 things; less company expenditure, and secondly, you will get the thumbs up from the local population.

2. Apart from NRW, liaise with the local government representatives / MP. Remember, these politicians have the attention span of gnats so you have to be prepared to force feed them but eventually they will swallow.

3. Up the PR and IR machine.

4. Contrary to what I said the other day, perhaps think of spinning Grangesberg off into a NEWCO which can either be IPO'd or RTO'd with AYM certainly in the former case having majority control. This is getting ZERO value right now and as we stand this is unlikely to change.

5. LIO is currently worthless; donate the remaining % ownership to charity and don't forget the gift aid!

6. Keep AYM for Parys Mt and perhaps look at additional Welsh projects, such as gold projects. There are a number of currently private gold ventures looking to access finance and a platform to trade from. AYM, as its name implies, could be a Welsh-only game and then you don't have the complexity and distraction of geographical spread out projects.

And, finally, for heavens sake, expedite the appointment of the new CEO and stop taking the Pi55; whether its a Billy or a Mike doesn't really matter!

[j5thumbs] 11/4/2024 23:52

Kooba, when you're sitting holding a bunch of shares on an ever downward trajectory, year after year, you can either weep ... or you try to find some humour in the situation. Black humour usually.

As for Grängesberg, what makes you think it has any value at all? Pollyanna style positivity won't turn that dog into a unicorn. Glencore or Trafigura might, but I dont think they're knocking on any Swedish doors at the moment.

[buttyboy] 11/4/2024 10:08

Pigeons; if there is or was no intention of bringing in a new Boss for the possible reasons you mention, then why leave it so late in the day because all that is doing is devaluing the company, which understandably favours the buyer/s but not the shareholders. I can see the upside of Grangesberg being hived off into a NEWCO in due course but I would doubt if it is part of the immediate agenda right now. Furthermore, to split assets off will require a BoD being able to liaise with older/foundation shareholders, one of whom holds a significant debt, and another holds just north of 20% of AYM, and the various threads I read here doesn't support that ability; I'm afraid to say.

[kooba] 11/4/2024 09:45

I would say there could be interest in Parys or Grangesberg assets on a stand alone basis but the potential buyers would be differently focused.
The Labrador asset looks perilous im afraid years of poor management and failure to achieve any funding save loans from the chair means the business has little future.
There was an update in Feb ..
I don’t think this asset is valued at anything in current valuation , a valuation that heavily discounts the two other assets.
Those interested

[pigeons] 11/4/2024 09:33

Just a thought Maybe somebody's looking at the company to take it over, and they wouldn't want a new boss putting in place. as they would have their own. Be nice to think this may happen one day.

[kooba] 11/4/2024 06:20

Butt..Well that sums up some folks constructive contribution. Perhaps focus on digging up some facts on the company rather than wasting your time trying to be witty.
Not sure what you are meant to be in your little copied story ..and must say have very little interest tbh but hoping you note point 3 carefully.

[buttyboy] 10/4/2024 19:03

j5thumbs; they did interview the cat but the cat declined saying he was well fed because, with the lack of activity, there were so many mice around !

[j5thumbs] 10/4/2024 18:13

Have they interviewed the cat for the C.E.O. job
yet? That would save a bit on overheads.

[calmtrader] 10/4/2024 17:21

Yep hopefully hear some good news from hole3 very soon