Anglesey Mining Share Discussion Threads

[mininglamp] 28/1/2025 18:44:21

You cannot put any blame on existing shareholders for the situation, in my view AYM have lacked dynamic management and their failure to deliver shareholder value for nearly 2 decades.

The previous CEO Jo B recently blamed the AIM market on companies like Anglesey inability to raise capital however he was the individual who took the company to AIM during a period of sector decline, what did he expect ?

I am pleased to see a few companies finally accepting the very obvious fact they cannot fund large projects via the usual equity routes, this means that hugely diluting share issues are on the decline and more satisfactory financing options like grants, loans, JV's and even Gov participation.

I think AYM may be about to deliver something leftfield, the pressure is on, divest Grangesberg or seek a material partner, even sell the project, who knows, at current levels AYM shares have to be at baseline.

[buttyboy] 28/1/2025 18:17:28

kooba,

Mr. Marsden hasn't been there long but he has been there long enough to get this project on track.

Unsupportive shareholders?? Every time AYM raises cash it is done with the same crowd of bucket-shop brokers so of course the supportive shareholders will continually decline.

Yes, look at the money Cornish Metals have gone through but look at their newsflow and £44m market cap.

Of course Anglesey/Parys looks better so please tell me what the issue is?? There is NO newsflow and this is one big off-put for investors, current or prospective.

Mr Marsden inherited the share register but continues to use the same corporate brokers.

I don't know what else to say. I'm gobsmacked. All this upside and a market cap just over £3m !!

[kooba] 28/1/2025 17:44:35

Blaming Mr Marsden is rich he hasn't been there long.Problem with Angelsey is unsupportive shareholders running it down constantly and not putting money in to progress at a better pace..some here think you can get a mine to a funding decision running on scotch mist. Rather naive .Look at the money Cornish have got through over the past few years £10Ms ...then if you look at the economics then Anglesey looks far better on known knowns in terms of return.They need a strategic investor with foresight and deeper pockets than the share register here...a share register Marsden inherited largely.I sincerely hope they pull funding out the bag and make some here march backwards.

[buttyboy] 28/1/2025 17:06:49

What the team at Cornish Metals have done is what the team at AYM should be doing. Cornish Metals have continually pushed in the right direction to achieve brilliant results like this especially as a large chunk of this financing is non-dilutive. Come on Rob Marsden; get your act together.

[bodgit] 28/1/2025 15:06:04

kooba, yes, interesting and thanks for the link. Good luck to all those who have AYM's best interests at heart.

[buttyboy] 28/1/2025 13:07:11

I would like to think there is a little bit more professionalism with Cornish Metals hence their continued ability to pursue and get fund raisings done!

[kooba] 28/1/2025 10:41:48

Interesting the development today at Cornish Metals major fundraise cornerstoned by the Government agency.hTTps://www.insidermedia.com/news/south-west/cornish-metals-undertaking-proposed-fundraise-to-raise-minimum-of-56m

[pigeons] 23/1/2025 15:02:47

As I've said before the serious fraud department. and the regulators need to get together and have a look at this company and what's going on.

[pigeons] 23/1/2025 15:02:47

As I've said before the serious fraud department. and the regulators need to get together and have a look at this company and what's going on.

[pigeons] 23/1/2025 15:02:47

As I've said before the serious fraud department. and the regulators need to get together and have a look at this company and what's going on.

[buttyboy] 22/1/2025 22:57:50

MiningLamp; it's all very well trying to raise finance in a non-dilutive way but to do this the project ideally needs proven substance otherwise the financing deal you end up with will cost AYM and Parys Mt specifically dearly.

I too am perplexed with the apparent radio silence from Energold. I understand the driving force behind Energold is sadly in failing health so perhaps this is one reason why that avenue hasn't been more proactive. Energold, with >20% holding (need to check whether this is still the case after the latest financing?) could, if they wish, have Board representation.

[mininglamp] 22/1/2025 20:25:04

Cannot understand the silence from this outfit.

They increased their stake in Grangesberg but since no idea what is going on there, the new CEO seems to have no understanding that news is the lifeblood of AIM and seems to have gone into hiding.

The former CEO stated that the aforementioned project could be sold, spun out, JV'ed or listed he encouraged AYM to pursue one of these avenues when he departed but as we all know nothing has happened at all.

My view is they are desperately trying to secure funding in a non dilutive manner, they have to accept that shafting shareholders via death spiral placings is not the way ahead.

You also have to question Energold who own 22%, surely they cannot be happy with the value destruction that has occurred here.

The next few months will be very interesting !

[benjamin15] 22/1/2025 19:02:16

They need to sell their assets, then maybe shareholders might be able to get their money back 👍

[buttyboy] 22/1/2025 16:07:38

Determined, I’m very aware the company just can’t “dream up” news but they could actually do something to generate news instead of, as you correctly point out, continuously raising finance at lower and lower prices to pay their wages.

[determined] 22/1/2025 12:17:40

butty,


Management can't just dream up "news" to satisfy investors.

This company has ground along at less than a snail's pace for 30 or so years, and will continue to do so for another 30 if investors keep supporting it, which it seems they will at ever deceasing prices in a death spiral.


Why would anyone remain here when producing gold mines are shooting up in value daily as the gold price hikes?

IF (and it's a huge IF) AYM ever starts to generate positive news and actually moves toward production there will be plenty of opportunities to buy back in.

Surely that's better than simply funding the director's ifestyle and watching your own money fritter away due to the number of placings at lower and lower prices?

[buttyboy] 22/1/2025 10:55:04

I think your correct kenny, which is very unfortunate. I believe with the right team this could be pushed in the right direction but the longer this death spiral goes on, and we are well on it now, the harder it will be to recover, irrespective who is at the helm.

The latest CEO, Rob Marsden, has been in the job since April last year, after 3+ months of no proper figurehead, and I reckon he thought he could turn this around with his technical credentials. He has had one of the biggest wake-up calls imaginable!

However, it is the lack of news on a regular basis which is destroying this company. You can't really blame the PR company because they rely on news from the company to disseminate, although I suppose they could urge management to get their fingers out of their bums and try to be a little bit more proactive.

All in all, its a tad sad !

[kennyp52] 22/1/2025 10:17:39

I honestly think this is one to avoid now Buttyboy .. the placings have diluted so much that the share in issue now are ridiculous and what have investors ever got back for that money .. a series of failed CEO’S taking money for next to nothing . It just looks like a scam now imho.

[buttyboy] 20/1/2025 11:03:27

kenny, yes, sorry my error; FFS (fat finger syndrome)! 0.5p is what i mean't.

[kennyp52] 20/1/2025 08:09:18

Buttyboy .. 5p ? Do you mean 0.5p ? Nearly worthless now and for good reason

[pigeons] 16/1/2025 10:18:22

Let's face it. who wants to buy the shares. with a billion lbs worth of possible product. s product sitting there. All the infrastructure in mainly.. The government. needs these precious metals. Local councils. and the Welsh government want the jobs. The local people. all in favour. Why would somebody want to buy these shares? Possibly the regulators will be interested in buying a few at a bargain price, knowing in a few years time, if not less, the company is going to be worth a fortune..
Is this corruption at its best?

[buttyboy] 16/1/2025 09:13:17

I doubt if the next placing will fail, Kenny; the stalwart brokers will fix the pricing at less than 5p and the stock issued from the raise will have been pre-sold; this trick never fails when a company such as this is in free fall.

[kennyp52] 16/1/2025 08:34:17

My money is on the next placing failing and the company de-listing 🤷‍a94;️

[j5thumbs] 15/1/2025 11:50:05

I take back my previous post about next fundraise being at 0.5p. With the current speed of S.P. deceleration, they may have trouble getting even that. My money’s on 0.4p now. Hopefully enough to pay the leccy bill and the golf club fees.