Anglesey Mining Share Discussion Threads

[trader465] 01/7/2024 14:36

I see some folk still have their head buried in the sand, despite the price down 75%. Goodness knows how these folk make money holding huge losses for years on end 🤷‍a94;️

[kooba] 01/7/2024 14:13

Whatever..I'll leave you to it..you seem happy with trader who i have blocked permanently. Onwards and upwards hey.

[trader465] 01/7/2024 12:37

There is no news because nothing is happening. These men don’t work exclusively for AYM, there’s nobody at the company putting in a 40hr week, they don’t go to an office, they sit at home sending the odd email to appear to be doing something.

[buttyboy] 01/7/2024 12:31

Ah, jolly good, kooba is alive and active. AYM is NOT a mining company; it is an “exploration and development” company to use its correct terminology.

I think we all accept the fact that such a company will require further funds until a decision is reached whether to mine or not but I think what is annoying to most, if not all, shareholders is the lack of any news on a regular basis which itself is pushing the price down to new floor levels. A low of 0.9p and a high of 1.03p with <150k volume as I write equates to no more than 1500 quid in transaction value today so far.

[trader465] 01/7/2024 11:54

“waiting for more progress on the mining activities”

There are no mining activities, it’s a ponzi, it’s been absorbing new investors cash for 30 years

I hope you’re young, you’ve a very long wait

[kooba] 01/7/2024 11:43

Nothing much to say..waiting for more progress on the mining activities. If anyone is surprised that a small mining company pre-production needs ongoing capital investment to run the business and progress to prove a case to raise the full development funding then ..then that in itself would be a surprise.So all pretty expected from my end..but so sweet that you are missing my contribution..which i define as realistic rather than putting any spin on things. As a shareholder though i do keep a watching brief..why those who do not hold shares feel it necessary to post endless negative takes on a company they have no financial interest in is more beguiling.

[buttyboy] 01/7/2024 10:49

Anyway, where is Kooba these days; he normally likes to put positive spin on a bad scenario; perhaps this scenario is too bad !!

[trader465] 01/7/2024 10:30

0.4p in a few years because at current cash burn rate they will have burned through the entire market cap in just 3 years, shares in issue will then be double todays half a billion, ie 1 billion

Why didn’t they announce the CEO pay deal? When Battershill started they announced his basic as £10k per month. In reality he probably pocketed 50% more in travel expenses, jet-setting his family to mining conferences worldwide, probably living it up in posh hotels, feasting on Wagyu steak and Dom Pérignon paid for with investors cash, no different to Bernie Madoff, just one more Ponzi scheme away from being dubbed "Jo Made-off."

[buttyboy] 01/7/2024 09:41

"0.4p in a few more years" ?? How about 0.4p a week next Friday !!

Unless you are management, you/we wont know the CEO salary/deal until the audited accounts.

I must say this new chap has been a tad disappointing thus far. I accept he cannot micromanage this affair but unless there is a decent team behind him, this is what he will have to do but to do so will require good corporate knowledge/experience and I don't think he has this.

[trader465] 01/7/2024 09:18

0.9p to sell, my prediction of fractions of a penny was correct. Half a billion shares in issue now. I suspect we’ll see 1 billion shares in issue and 0.4p in a few more years.

The placing has secured the wages for the trainee CEO. How much is he getting paid? Given his nonexistent experience he should be on far less money the Battershill was?

[buttyboy] 01/7/2024 07:02

I reckon, to complete the aforementioned PFS, updated with current and forecasted economics, will cost at least 50% more than the gross proceeds raised last Friday. It will be interested to find out what the nett proceeds are. I see WHI run the book so what % commission was deducted, if any, from 3 'insiders' who together invested approx 25% of the total ??

Unfortunately, the more I look at this scenario the more it reminds me of the old "death spirals"; raising not enough finance at 1p, which wont enable the "team" to do what they stated they would. It's to be used, according to the RNS, to advance Parys Mt, further explore ideas on Grangesberg, pay some of the debt down (as if!!) and of course G&A (i.e., pay salaries and keep the lights on!!). The share price will be hyped up within the next week or so and the approx 75% who are not 'insiders' will flog ..... let's see.

[trader465] 01/7/2024 04:55

The PFS was supposed to have been done in 2022 but they when quiet on it

[buttyboy] 28/6/2024 08:53

I believe a mine could be built at Parys Mt but until at least a PFS is done and proves economically viable then all this is a moot point. With these proceeds such a PFS wont be done this year!!

[pigeons] 28/6/2024 08:31

465 It's very interesting your reply. which only highlights the value of a few specially built. properties that would. fit in the boundaries, would be ideal for. directors. Holmes et cetera. With beautiful views. Obviously there's a few Wind generators. affecting the scene. the scenery. but I still think. somebody will make a killing in the future. on these fringe bits of land.

[trader465] 28/6/2024 08:17

There’s that many restrictions on Parys mountain I doubt it’s worth anything near the value on the balance sheet

[trader465] 28/6/2024 08:14

They’d never get planning permission to build or develop Parys

Parys Mountain, located on the Isle of Anglesey in Wales, is known for its historical copper mining activities that date back to the Bronze Age and peaked in the 18th century. It is considered a site of significant historical and industrial heritage.

As a historically important area, Parys Mountain is subject to various protections and restrictions to preserve its cultural, archaeological, and natural features. These restrictions typically include:

1) Scheduled Monument Status: Parts of Parys Mountain are designated as scheduled monuments, which means any changes or development work requires permission from heritage bodies such as Cadw (the historic environment service of the Welsh Government). This status protects archaeological sites of national importance.
2) Conservation Areas: There may be specific conservation areas within or around Parys Mountain where development is restricted to maintain the historical and natural landscape.
3) Environmental Protections: Given its unique geology and ecology, there are likely environmental protections in place to safeguard the flora and fauna, which could restrict building and other activities.
4) Local Planning Regulations: Local authorities, such as the Isle of Anglesey County Council, impose planning regulations that govern any development in and around Parys Mountain. These regulations ensure that any proposed construction is assessed for its impact on the historical and environmental integrity of the area.

If you have a specific building project in mind, it is crucial to consult with local planning authorities and heritage organizations to obtain the necessary permissions and ensure compliance with all relevant restrictions and guidelines.

[pigeons] 28/6/2024 07:52

I'm sure there's a few key pieces of. land on the fringes. that we could sell off for building and bring possibly millions in without affecting aym

[buttyboy] 28/6/2024 07:48

1p !!! I suppose it was inevitable. These proceeds will NOT pay for the required PFS at Parys Mt so it is back to the drawing board. Good to see management are participating but thankfully Energold are too and it would be interesting to find out the split here.

Now we know why the large sell at >1p which someone mentioned yesterday !!!

[sos100] 28/6/2024 07:27

just no long term value here...

[trader465] 28/6/2024 07:25

£400k will only last these men 4-5 months, another placing in Oct/Nov?

Same old, same old.

[trader465] 28/6/2024 07:17

Down to fractions of a penny today?

[bodgit] 28/6/2024 07:14

No surprise at the fund raise today. I note this area for funding support: 'Advancing development options at Grängesberg Iron Ore Mine" I still have my fingers crossed that whatever option is pursued produces a big bag of money and soon for Parys development and hopefully those of us shareholders who want the company to succeed. Gla.

[trader465] 27/6/2024 10:55

The financials are reported every year in September

[calmtrader] 27/6/2024 10:49

People sell for all sorts of reasons if the seller was desperate they would sell at any price ..the fact there's plenty of people around taking this opportunity to add or take new position is encouraging

[buttyboy] 27/6/2024 10:42

Big seller at 1.05 ?? Either he/she/they know something we don't otherwise why didn't they sell when the stock was higher. I believe, as i mentioned the other day, the FY 2023 accounts are due latest tomorrow together with the RNS (tomorrow is the last working day of the month). If there is an issue here then it wont be going UP!