Anglesey Mining Plc

-0.025 (-1.75%)
Share Name Share Symbol Market Type Share ISIN Share Description
Anglesey Mining Plc LSE:AYM London Ordinary Share GB0000320472 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.025 -1.75% 1.40 2,066,512 12:59:29
Bid Price Offer Price High Price Low Price Open Price
1.35 1.45 1.425 1.35 1.425
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Metal Mining 0.00 -0.69 -0.30 - 4.13
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 O 21 1.35 GBX

Anglesey Mining (AYM) Latest News

Anglesey Mining (AYM) Discussions and Chat

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Posted at 20/5/2023 09:03 by trader465
“During the past year in October 2021 and May 2022 over £1.5 million was successfully raised in new financings”

“for the six months to 30 September 2022 the expenditures on the mineral property in the period were £320,887”

So, they raised £1.5m from October 2021 to May 2022, add-on the latest £1m placing gives a total of £2.5m raised in 18 months = Avg £138,888 per month
Expenditure on the property was £320,887 (for 6 months) = Avg £53,481 per month.
Where is the other £85,407 per month (£1m per year) going?

Only 38% of the cash raised is being invested in the projects while 62% is being trousered in fees, salaries and perks

If funding via placings continue at the current average rate of £138,888 per month then they’ll need to continue raising £1.7m a year by issuing increasing amounts of shares at ever lower share prices which will cause compounding upwards of shares in issue.

Over 1,000,000,000 shares will soon be in issue at the current dilution rate.

Posted at 20/5/2023 06:35 by trader465
29 April 2019
Anglesey Mining plc is pleased to announce that it has today entered into a
placing agreement to issue 9,367,681 new ordinary shares, representing
approximately 5.3% of the company's current issued share capital, at 2.135
pence per share in a placement to institutions, to raise a total of GBP200,000
gross and GBP180,000 net
Following this allotment the issued ordinary share capital of the company is
186,975,732 ordinary shares

24 August 2020
Anglesey Mining plc is pleased to announce that it has today entered into a
placing agreement to issue 12,500,000 new ordinary shares, representing
approximately 6.7% of the company's current issued share capital, at 1.6 pence
per share in in a private placing, to raise a total of GBP200,000 gross

23 November 2020
Anglesey Mining plc announces that it has issued 4,625,000 new ordinary shares,
representing approximately 2.2% of the company's current issued share capital,
at 1.8 pence per share

21 January 2021
issue 10,000,000 new ordinary shares, representing approximately 4.7% of the company’s current issued share capital, at 6.6 pence per share to raise a total of £660,000

16 March 2021
Application has been made for a block listing of 10,000,000 shares to be issued
in respect of the company's unapproved share option scheme
a total of 3,500,000 new ordinary shares of 1 pence each will be issued to the persons
shown below

John Kearney 500,000 2p
Bill Hooley 1,000,000 2p
David Lean 500,000 2p
Howard Miller 500,000 2p
Danesh Varma 1,000,000 2p

10 May 2021
Anglesey Mining plc has been notified of the following share sales by members
of the board:
John Kearney 500,000 4.18p
Bill Hooley 1,000,000 4.18p
Howard Miller 500,000 4.18p
Danesh Varma 1,000,000 4.18p

8 October 2021
Fund raising secures additional £768,230 via issuance of 22,595,000 shares at a price of 3.4p, a discount of 5.6% to the closing price on 7 October 2021

17 May 2022
The Placing and Subscription has raised, in aggregate, gross proceeds of GBP864,416. The Placing comprises the placing of 22,829,705 Ordinary Shares with certain institutional and other investors at a price of 3.4 pence per share
In aggregate, therefore, 25,423,989 New Ordinary Shares will be issued pursuant to the Fundraising and a further 6,681,000 New Ordinary Shares will be issued to Juno Limited

4 August 2022
A total of 10,900,000 Options have been granted

25 November 2022
The group had no revenue for the period. The loss for the six months to 30
September 2022 was £453,854 and the expenditures on the mineral property in the period were £320,887

12 January 2023
the assignment to Anglesey of 40% of outstanding subordinated debt owed to GIAB with a nominal value of £335,000
A cash payment to Roslagen of £87,000
The issue to Roslagen of 14,544,827 new ordinary shares of Anglesey Mining

16 May 2023
The Placing and Subscription raised, in aggregate, gross proceeds of £1m. The
Placing comprises the placing of 64,999,993 Ordinary Shares at a price of 1.5 pence
per share

Following Admission, the total number of Ordinary Shares in the capital of the
Company in issue will be 379,809,689

Posted at 19/5/2023 09:02 by klondykejohn
Lack of investment is down to a poor showing by the BoD.
Trader hits the nail on the head, but I have been critical of this board for a long time.
Nothing will change. Another dilution is inevitable, Juno will retain 20% of stock and the share price will continue to dribble down.
Labrador share price is down to 7.5cents and Grangesburg will cost a fortune to get it up and running.
Definately a share to think twice about before investing .

Posted at 13/4/2023 08:00 by sos100
I've been involved in stocks where management keep mentioning 'stale bulls'....only important question is how they expect the share price to go up and stay up.

I like this company given the asset base but it's obvious there is no forward plan or short term share price drivers....and giving free shares to 'managment' but expecting the man on the street to buy on the open market is hardly inspiring...

Posted at 07/3/2023 12:36 by grimreaper2019
It has been suggested that posts on bulletin boards have no effect on the respective share price, this is simply not true in the small cap world.

Most small caps are followed by retail investors, these investors often gauge sentiment on the boards, if the consensus is bullish the buy button usually gets pressed, if negativity is apparent then usually the said prospective investor passes by.

Illiquid small caps are often targeted to the short side because its easy to get a price to drop (note the FIVE bashing articles by the scummy blog run by a failed investment manager) this bashing is produced for a reason.

Often when the process has run its course the share price will have a stratospheric rise that will catch everyone out, there are many examples (take a look at NCCL)

AYM is a potential candidate for such a rise, all the ingredients are there.

Posted at 15/2/2023 02:47 by kooba
"PXC are getting it right, AYM are not."PXC almost doubled the shares in issue in an £18m fundraise in 2021.. most of which was a private placing at a discount. It was clever to have done a massive issue in one go when sentiment was strong and left the company well financed..they issued warrants at the same time which are also dilutive. They have yet to get 'alternative' source bond away I thought ..so still are not fully funded. But they have used equity finance extensively.The idea on Anglesey is that I believe they think the shares extremely undervalued relative to the value of the assets and they thought that value would be recognised by the market as they progressed the project and would be better able to achieve the equity funding to get it to possible 'alternative' finance routes by restricting placings at lower levels...unfortunately the shares have not reflected that progress largely due to a shake out in global commodity markets..impacting many share prices in the sector. PXC more than halved from 75p peak to have recently recovered with better underlying commodities.They are currently starting to frustrate on feasibility and funding timelines.They still are far more diluted than AYM shareholders over two years.The AYM share price is indeed disappointing..is that AYM current CEO issue alone or the poor reputation the company gained prior to him joining of jam tomorrow? Jo does need to show he can meet timelines he has set himself otherwise he will be compounding that reputation.Focus on the value of the assets though.
Posted at 14/2/2023 18:57 by klondykejohn
Shares in existance are an important element of investing in a small cap company kooba.
You are suggesting 40p for a npv of $250m if a large miner came to the table.
$250m x50% giving $125 on the table. divide it by existing shares(295m) gives approx 40p.
BUT. if there are further share dilutions, let us say up to 500m shares in existence, then the $125m needs to be divided by 500m, giving a figure of 25p.
We have seen the share price drop every time new shares have been issued at AYM
Remember, the npv is a fairly fixed figure, unless metal prices go through the roof.
Remember PXC? No more share dilutions giving investors the best possible returns.
Instead, looking at the bond markets to raise capital. A cheap way to raise cash.
Looking at the market cap when buying plays a part, but I don`t invest in Aym companies purely on market cap when I consider any purchases. It is the company assets that govern me.
PXC are getting it right, AYM are not.
I do not want to see any further dilutions at AYM, but it is a certainty that dilutions will happen.
I sincerely hope that Grangesburg and Parys take off, but whilst Juno can have 2 directors on the board, I do not believe that Aym can be a producer.
It is becoming just a money merry go round. Apart from Kearney and JB, the other directors do not hold shares.
I remember when they gave themselves a swathe of shares, the price went up to about 7p and they ALL sold their holdings after 5 weeks of receiving them.
So much for backing the company, and trader, you pooh poohed me at the time, but maybe you need to include that in your investigations.
(Kearney has since bought some shares)

Posted at 12/2/2023 21:23 by trader465
Kooba and I can’t put our heads together, I don’t like sand in my hair and Kooba doesn’t realise there are two sides to every coin ;-) Anyway, aside from the conflict issues….

The reason for the share price fall is operational delays, financial losses and placings.
Look at the price chart and compare the fall from 4p to 2p with news flow.

March - April 2022 the price rose to 4.5p on expectation of bullish news on Parys drill results and Grangesberg PFS expected end of Q3.

May - June the expected bullish news is delayed, this has caused the price to drift lower. Not only was the expected bullish news delayed here, but we received bearish news on an issuance of 25,423,989 shares and a further 6,681,000 shares being handed to Juno. Price falls lower

July - the grangers PFS was released 4 months behind originally planned timeline and therefore had no effect, price continues to slip lower as investors lose confidence in new management.

September - final assay results still not issued. Instead we saw the annual financial results released which showed financial losses had ballooned 111% to £693,242. Priced continues to fall.

October - final assay results from Parys released, no effect on price due to the assays being delayed and prior financial loss announcement, sentiment is lost, price continues to drift lower.

November - a financial loss for the six months to 30 September 2022 £453,854 released. Price and sentiment hits a new low, all the expected bullish news since Q1 4p has been overshadowed by delays, share issuance, and accelerating financial losses. This resulted in a share price of 1.9p, down 50% since end of Q1. We now need a 100% share price gain to recover to Q1 levels.

Feb - 2023 - another issuance of 14,544,827 shares, despite placings and financial losses announced throughout the year, we now also take on extra debt liability of £335k.

After a year of dismal operational and financial performance and no significant news due in 2023, investor confidence is now lost. It’s difficult to see how the price can recover 100% back to Q1 22 levels with now more shares in issue and probable more placings coming our way very soon.

Posted at 11/2/2023 05:09 by trader465
If company XYZ has 100 shares in issue, then issues another 100 shares, the original shares are worth half their value, ie a 50% loss of shareholder value to original investors. As the value of each share falls, each placing requires a greater number of shares to be issued to raise the same amount of capital. If original investors allow loss of shareholder value to compound with each placing, it becomes very difficult, and sometimes impossible to recover to the original value of capital invested.

A 50% loss of shareholder value needs a 100% gain in share price just for original investors to remain at a standstill. (We are now at this point)

A 75% loss of shareholder value needs a 300% gain in share price just for original investors to remain at a standstill.

A 87.5% loss of shareholder value needs a 700% gain in share price just for original invests to remain at a standstill.

A 93.7% loss of shareholder value needs a 1500% gain in share price just for original investors to remain at standstill.

The above shows if company XYZ issues 100% of “original̶1; equity per year then after 4 years original investors need a 15 bagger just to recover original capital invested.

In reality the gain needed to recover capital would be far greater than a 15 bagger due to the compounding effect on the loss, as the value of each share falls, each issuance requires a greater number of shares to be issued in order to raise the same amount of capital, which usually results in investors never being able to recover the original capital invested.

In 2 years AYM shares in issue have almost doubled (up 75%) this is the reason we have seen the value of the shares fall by 50% and why we need more speed in progressing the development of our assets and less dragging of the feet by management. Time costs money.

If delays are allowed to continue shares in issue will compound, and losses to investors will compound to an unrecoverable position.

Posted at 31/1/2023 10:03 by klondykejohn
Kooba. Ref post 4817.
I invest also in Phoenix (PXC).
They are run by a slick well oiled management team. People who can get things moving quickly.
They will be in production next year so are definately more advanced than AYM.
They have only been in existance for 10 years and to get this close to production really tells us something about their BoD.
AYM was founded in 1984, and is now 37 years old.
Almost every year there is a share dilution at Aym.
Total shares in existance at Aym is roughly 280m and climbing. PXC only has about 160m
It doesn`t matter what is in the ground, it matters how the BoD is performing.
PXC is perceived as being excellent. AYM is perceived as being poor.
The board need to stand down IMO and allow some fresh, energetic people run the company.
I dread the share price falling below 2p, which it is very close to at the moment

Anglesey Mining share price data is direct from the London Stock Exchange
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