Anglesey Mining Share Discussion Threads

[noccer] 08/11/2024 13:08

Look forward to your AGM report.

[trader465] 08/11/2024 13:00

They’re always alleging to work hard, but work hard at what, and in what way? These guys work part-time for a full-time salary. They’ve been very excited about the prospects since there were 200m shares in issue.

[trader465] 08/11/2024 12:55

Was over quickly, I suspect they had shopping to do in London. Same old same old. Nothing new then?

[calmtrader] 08/11/2024 12:45

Very good AGMKey takeawaysWorking very hard on monetising both Labrador & Grangesberg Very very keen on moving away from these small market destroying placing & actively looking at better options Post more stuff when I get home

[buttyboy] 06/11/2024 12:48

Highley1; I agree with you that podcasts and interviews do not make a mine; they do, however, promote the fact there is a brownfield exploration project in the UK/Anglesey that is currently at just less than 1p/share with a market cap sub £5m. I mentioned a company on here the other day; Golden Cariboo Resources; take a look of their media outreach (even within the past 4 weeks) and their results they are getting on fund raisings which are nearly all oversubscribed and the proactive nature and appearance of their President/CEO. This on a market platform in Canada on par with OFEX/PLUS/AQUIS (below the ranking of the AIM) or whatever it is called now. All I'm saying or trying to say is for AYM to up its game on this front. Remember, wherever your jurisdiction, last weeks news for the retail investor (the ones who drive liquidity) is old news and no news equates to a lowering of the share price and then the financing which is so desperately needed is subject to further unnecessary dilution.

[highley1] 06/11/2024 12:15

butty

There's plenty of awareness, but podcasts and interviews do not a mine make.

They need access to serious funds to move it forward and I guess at best it's a marginal mine, and for that reason not attractive to potential investors at the corporate level.

So they are left doing tiny financings to keep paying salaries and expenses, and not moving it forward. Do you want to continue to fund that?



With regards to the AIM market, the number of companies is falling all the time. Many people have been burnt by the spiv brokers forward selling placings at the expense of loyal shareholders, whose shareholder value is eroded by the dilution, and have left the market as a result,in my opinion.

It has become a transfer of wealth from investors to the city spivs, and has succeeded, but they're running out of naive newbie investors to fleece, and so its getting harder to fund mainly lifestyle companies where everyone is doing very well, except the investors who are funding it all !!

I think the AIM is in danger of imploding as they run out of inexperienced investors to continue to fund lifestyle companies and the city spivs that feed off them.


92 companies have left AIM this year, and only 10 IPOs!!




I think AIM is finished, killed by city greed, and promotional CEO's of many heavily promoted lifestyle companies.

[buttyboy] 06/11/2024 10:52

I believe Parys Mt can be viable; it just desperately needs a concerted effort to raise the awareness of it. It requires more news, more podcasts and the like of the CEO being more upbeat. The only way AYM will achieve its goals will require much more finance but the dilution which comes with this can be significantly minimised if the company is not reliant on relatively drab news every other month. Honestly, it's like watching paint dry!

The other thing I can't quite comprehend is certain folk keep blaming the AIM, the bucket-shop-like brokers etc.; well the AIM is what it is. CHANGE the brokers to a crowd who are actually interested in the secondary market and who are not hell bent in being part of the ramp prior to a small-scale financing which is then done at a ridiculous discount. Get the right brokers and this perceived negativity with the AIM will fade.

[highley1] 06/11/2024 10:41

Trader,

To be fair, AGMs are normlly in London, mainly due to it being the financial centre and all the brokers and fund managers are located there.

If a company holds their AGM outside London, it's generally because they don't want investors attending, IMO.

[highley1] 06/11/2024 10:37

dan,

Correct, but maybe Parys just isn't a viable project at all?

Hence the 30 years of failure to move it forwards?

[danmart2] 06/11/2024 07:12

You will only see progress at Parys if you call out the current and past directors for their failure to achieve nothing other than spend shareholder money

[trader465] 05/11/2024 17:56

I think it’s a totally fair and realistic assumption.

Will Battershill be attending? Will he be flying economy class alone? Or will he be flying businesses class and bringing his wife for a few days shopping in central London at the expense of shareholders?

[buttyboy] 05/11/2024 17:33

trader465; that is a totally unfair assumption! The CEO lives somewhere off the A34 in Oxfordshire, the interim (still) Chairman lives "who knows where" and the ex-CEO, now non-exec, lives in Oz !!

If AYM were to hold their AGM on the Isle of Anglesey then it would be a first; all the directors on the land of their principal asset all at once !

[highley1] 05/11/2024 16:02

Kooba,

No need to be patronising.

So, in 30 years, what exactly have AYM achieved for their shareholders?

[buttyboy] 05/11/2024 15:44

Corresponding on this thread the other day regarding the effective use of IR and PR before I was knocked back by the high and mighty, take a look at a Canadian junior called "Golden Cariboo Resources" (on a market platform equivalent below the ranks of the AIM/TSX/v) and see how much news they are putting out, how effective they are at raising money, and perhaps more importantly how the guy at the helm, flamboyant and confident he is and how he gets the message across which people are obviously listening to because their fund raisings are always over-subscribed. Come on AYM management, take note.

[calmtrader] 05/11/2024 15:06

AGM this Friday..anybody going?

[kooba] 01/11/2024 13:37

One minute folks moaning about the cost base next they want more costs...I'm not so sure that one couldn't speak to the Ceo ..as i said Jo made time to talk to investors if they had done their homework and had reasonable questions that could be answered. So i might try.As to predicting the company does not run on thin air then i would have to agree that the company will need ongoing funding from its shareholders as has been the case for a while..i'm not sure that would surprise anyone.Will keep you posted.

[buttyboy] 01/11/2024 13:26

kooba, you say IR and PR costs money; yes it does but look at it a different way; if the share price goes up by just a quarter of 1p then that adds an extra £1m+ to the market cap. Secondly, you cant expect investors, potential or otherwise, to call the company and ask for an update because there isn't anyone there who could afford the time required to fulfil this task, it would be too onerous. Thirdly, yes, as I mentioned some time ago, the PFS is the next significant (IMHO) milestone and it was earmarked to be completed by this year end. You know and I know this is not going to happen; the cash isn't available to fund this so a re-visit to the friendly faces at Zeus Cap (aka WHI) will probably happen by mid December (they enter Christmas party mode thereafter) and if a fund raise occurs when the share price is at or around 1p and assuming the same discount rate as previous then new money will come in at 0.7 of a penny. Food for thought!

[kooba] 01/11/2024 13:07

Old boy (UK, dated) A familiar term of address for a man of any age.I am glad that i at least was in the right pronoun ballpark..I do not think the uk small company market is at all efficient in valuing many types of company right now but i do consider Parys to be a quality asset that is both deliverable with very positive economics..thats what i tend to focus on rather than the day to day disappointing price action and lack of investor interest. Ultimately i think it will the industry rather than the retail market that will value the business and i see a big anomaly between the two.

[kooba] 01/11/2024 12:59

Ir and pr cost money..they have had some excellent pr recently as it goes such as the telegraph piece..as to ir have you tried to contact the company direct? They can obviously only announce what is relevant to investors and that is not going to be a weekly occurrence. I spoke to Jo a few times and found him straight forward honest and open , i had questions and got answers . i haven't had cause to try to contact the new ceo since he has been appointed but might try as i am conscious that much of my view rests with the production of a PFS and i cant see there is a timeline for this to be produced. It would be at that point that funding , alt funding and possible sale can be better explored and we will have an up to date economic profile of the opportunity. So if any one else gets in touch could you ask them when they target this key document to be produced. This company although there is much moaning on the placings operates on a minimum expense basis as far as i can tell and makes shareholder funds go a long way...i have other miners that are/were far better funded and they find great ways of spending money and still go no where fast..even some producers such as HUM not exactly having a great time down to the debt levels they carry ..but I'm sure if someone came along with a few £m here they could accelerate the process to get the project ready for production ..but that would likely be far more dilutive than the hand to mouth existence they currently have.I think it's a great asset and they will get there eventually and hopefully there will be significant value to shareholders ..im not sure more pr ir or much else is going to change their predicament but a PFS or up to date economic assessment could well draw some interest.

[buttyboy] 01/11/2024 12:36

kooba; reference your post # 7643, less the "old" (I am fairly young!). I am a 'boy' though but one can never tell in today's age!

Right, the share price has just hit a daily high of 1p. Surely kooba, you must be at your wits end with lack of good news flow and managements inability to engage with shareholders via retail investment shows and the like. What is frustrating for me is knowing the upside of Parys Mt., not as a large-scale mining operation, but as a small-medium sized producer, but the IR and PR impetus just isn't there. Management just don't seem concerned with engagement. Yesterday, you mentioned CUSN; this is back up to circa £50m market cap because they are pressing the right buttons at the right time (look at their recent news flow). Look at ORR.L which I'm in but never expected it to reach these heights (circa £12m market cap) !

[kooba] 01/11/2024 12:24

Maybe spend a bit of time on this presentation that might get you better up to speed...i am really not here to do everyone's research for them when they make silly statements and observations.https://youtu.be/BcW0KTeV3WM?si=hpdNW5QOjQZXeF2J

[highley1] 01/11/2024 12:11

kooba,

I'm interested in all mining companies, it's my investment focus.

The point is they have not made any progress over 30 years, and during that time they continually raised money by selling multiple placings to investors, yet that only served to reward management by salaries,expenses, bonuses, pension contributions etc.etc.

If it's "rubbish", please feel free to outline the progress they have made at Parys Mountain over the last 30 years, I'm all ears..