One wonders how short the usual suspects are in AYM equity, no doubt they are as the bashers are at work here and the other site.
What would happen if those short positions cannot be closed out by the usual route, maybe the Grängesberg stake is close to monetisation ;-) |
Highley1
Spot on, silverspoon is guessing |
“a range of £2m to £5m has to be a target”
How much did they pay for it, and how much private debt came with it? |
silverspoon,
Unless you are an insider, you are just guessing, which is it out of interest? |
Finally it looks like they are going to focus on Parys Mountain and divest their other interests, way past time.
In the current environment there are many non dilutive ways to finance PM, inc Gov grants etc, one also wonders if they have applied for EU Strategic Project Status which if attained would be a huge share price driver.
I wonder how much they can sell their 49% stake in Grängesberg for, a decent number will go a long way as this is a relatively low burn outfit. Maybe it will exceed expectations, surely a range of £2m to £5m has to be a target.
I have a feeling news on Grangesberg may come sooner than many expect. |
Brilliant interview MiningLamp; BUT, no mention of financing plans?? Expected time of revenue, assuming all goes well with the feasibility studies by RheEnergise, is 2-3 years at a minimum, SO, what happens in the interim? How do they survive? I'm all ears!! |
Here is the 17 minute interview with Rob Marsden conducted yesterday.
Confirms, as I expected, they are looking to monetise Grangesberg and the Labrador stakes to concentrate of Parys Mountain. |
New comment from Alan Green concerning AYM on Stockbox tonight, says he interviewed the CEO yesterday and described it as 'interesting'
The comment starts at 29 minutes. |
ToxicBob; whether you consider them helpful or not is now an irrelevance; they have been off the scene for some 12+ months and ever since the share price has come nowhere near when they were directly involved. You cannot keep blaming the "old guard" ! |
You think Kearney and Varma were helpful ? |
Thanks for that link Kenwrong, appreciated. Having watched it, the feeling I get is that Parys Mountain actually mining copper etc. is still some years away even if all goes well with the pumped storage scheme. Gla. |
“Rob Marsden CEO talks”
He’s not qualified to much else other than talk, talking won’t pay the bills, and the more talking these men do the lower the share price will go |
Rob Marsden CEO talks about the new Re Energise project and how it will pay to develop Paris Mountain. Here's hoping !! |
So please explain to me ToxicBob, how exactly did Jo get “legged over” by, as you put it, the “paddies and Indians”?? |
He did a lot of the legwork for the EIS and permitting...before getting legged over by the paddies and the indians. |
The PFS was supposed to have been done when Jo Batteredhead was here a few years ago |
What are they going to do for salaries, bonuses and expenses now that the bank is again empty? |
They haven’t released any good news |
No piece of good news can spike the share price here it seems |
I actually think the issue here currently is that the CEO and Chairman have more interest in Grangesberg than Parys Mountain...which given the ownership issues and low probability of development is a real pity. |
 Sorry for my radio silence; just back from a "hike" to the summit of Kilimanjaro, where incidentally the 100' thick ice sheet on the summit plateau has more chance of melting in the next 12 months than something favourable to AYM investors happening.
Looking at some of these posts from the past few days, there is still complaint from the lack of PR but even the best PR outfit can't put positive spin on no news. Do a deal on Grangesberg some say; I'm sure they are trying to do so but what is it worth to AYM? Probably enough cash to pay owed fees. The RheEnergy deal does have some upside but I really can't see it working concurrent with the envisaged mine plan. Furthermore, if RheEnergy spend the amount required to dewater the shaft then any deal outlined by the current MOU is going to shift and it wont be in AYM's favour.
Has management had any concerted effort to diminish the Juno debt? This is currently approx 90% of the market cap of AYM. Get a reasonable deal on this debt and all of a sudden AYM will look more favourable. Forget about the ex-Chair owning some 20% of the company; that is an irrelevance; this is 20% of the stock which isn't going anywhere so treat it like a solid institutional holding. And please, stop complaining about the so-called "old guard" as this excuse is wearing a bit thin right now.
Put simply, there is no coherent management structure at AYM. I know, there is no cash left in the kitty, but when there was cash then the management structure could and should have been aligned to advance the company. Any deal done now is going to represent shrapnel but I suppose, as kenny, mentions, "something is better than nothing". |
The trouble is that Anglesea are a company in a decades long slumber, and investors are looking for instant gratification these days, and are not content to wait around years for something to possibly happen.
Just look back at the last year's news releases and tell me how many were achievements that gained investors money? |
Something is better than nothing as they say ! |
The deal is a great one for Anglesey, if the company was better at PR I am sure the market would have rewarded the share price accordingly. It is a great shame this outfit are so poor to promote their wares especially in a booming commodity price environment.
I still believe there is more going on behind the scenes than there has ever been historically, think non dilutive financing from grants similar to what Cornish Metals have secured (£80m)
I also wonder whether they will dispose of their stake in Grangesberg or if not maybe secure a material partner who can move the project forward, with all the fuss about tariffs and securing supply lines the EU must be looking at local supply lines which must assist Anglesey in general.
This stock has always moved disproportionally on modest volume so with a fair wind it could happen again, maybe sooner than later. |
The more I look into this the more excited I'm getting..this is a fantastic deal for AYM |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
