"A marathon, not a sprint"
Well this "marathon" must break the Guiness book of records, 30 years on and still no progress!!
There are plenty of decent mining companies out there making money and with rising share prices, why would anyone remain a holder here? |
Yes Kooba - I am invested, having bought in at two different price points. But it’ll take more than your questioning my status to tempt me in for a third lot of this rapidly depreciating dog of a share. And I don’t put money into a ‘start-up miner’ to make a quick buck. Even a slow buck would be fine, but no buck seems to be the likely outcome here.
You want facts? Declining S.P. is a fact. 3 decades of pitiful non-progress is a fact.
Bullish PR press releases shortly before yet another dilutary placing are not facts - they look more like an attempt to shore up the price temporarily.
How many more decades will elapse before even you lose patience? |
Are you invested out of interest? Or just like some others who seem to think talking down a company they don't own is doing anyone a favour? |
Kooba, calmtrader. Confirmation bias is a terrible thing if it results in a Pollyanna-like positivity at all costs. £120,000 p.a. is a nice little earner if you’re only heading a loss-making “might..be..a..mining…company..one..day” outfit that drip feeds dilution on a regular and predictably frequent basis.
Yes, we doubting Thomases are fully aware that fledgling wannabe miners work on a different time/space continuum than, say, Lloyds or Aviva. But thanks for constantly reminding us.
A smart investor is one who is able to see upsides and downsides in the companies they invest in. And pull out before losses become too great. To do this, rose-tinted specs first need to be removed. There’s no shame in changing your opinion on a market play. |
Cornish Metals is ex-Strongbow Res; one of Gren Thomas’s initiatives. |
I agree kooba with MRNA; I did sell a chunk at 4x profit and then bought back in whilst the sight of the pandemic was in sight.
I’m also in Cornish Metals; they had a market cap of £50m; got rid of the CEO due do his perceived lack of mine dev exp and the stock has t really recovered. |
 ButtyI see Moderna has had a tricky year ..down more than AYM...hope they recover too.It's weird folk who claim to be experienced investors do not appreciate the timescales involved in certain industries like mine development ..it's a marathon not a sprint and also the current funding pressures in small caps in the U.K. is as bad as it ever has been with virtually no institutional players now , also that there is not news every week on small companies and that on virtually no budget Anglesey has got quite a bit of coverage recently. It's tough out there for small caps and valuations...that does not in many cases necessarily reflect the potential value right now. Although there has been dilution to pay for work to firm up resources and working capital the project is more valuable now than it has been for decades ..maybe the market might realise that at some stage.Bought a few Cornish Metals recently that is also an interesting U.K. play pre development they are suddenly attracting buying interest as they move towards seeking project finance from being friendless a few months ago.Things can change!Hope they do here..I like the prospects if efficient funding can be secured. |
Speaking of Mr BattershillObviously, I'm a little biased on Parys Mountain, but this is a project that more people should really be looking at. In my view, the resource appears to be capable of supporting a development that would be equal to, or better, than Central Asia Metal's Sasa Project. In addition, the exploration potential both along strike and at depth is vast - as evidenced by the drilling results from earlier this year. What other UK listed junior with a market cap of less than £10m can punch out drilling results like 11.0m @ 3.0% Cu, 6.3g/t Ag and 1.20g/t Au and 22.0m @ 2.3% Cu, 2.8% Zn, 1.3% Pb, 5.0g/t Ag and 0.03g/t Au ? There is plenty more of that to come from this mineralised system.One of my biggest concerns is that Anglesey Mining is an example of just how broken the London AIM market is. A once great market has been reduced to a handful of brokers scratching around doing small, heavily discounted primary placings with almost no incentive to drive secondary trading.Small placings by juniors are then typically used to pay annual fees to a nomad, a broker, a PR firm (trying to chase the illusive secondary trading that brokers used to do), auditors and lawyers.Very sad. From yesterdayhttps://www.linkedin.com/in/jo-battershill-85b49252?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app |
Kooba; I’m invested in quite a large portfolio including JD Sports, Moderna, etc but no other company I’m invested in has management who hide behind the scenes and don’t wish to face shareholders. Do you know what, if I had known prior; I might well have took a new chunk of AYM at 1p from the last placing but I’m loathed to buy on market now because the next raise will be done at 0.7p and there will be some hype and the share price will drop further, IMHO!
The current CEO, Rob, does need someone to hold his hand on the corporate side because as it stands this company is unfortunately in reverse gear … you know it and so do others. |
It is somewhat irrelevant where Battershill lives; he might as well live on the Moon with the other two directors.
Current share price 0.93p !
Where is the PR and IR machine? Bring us some news for heavens sake. |
One things for certain is that he has put his own money in at higher levels and retains a fair holding and has never sold any ...oh and he knows far more about the company than any of us. |
Put me back on filter, I’m tired of arguing with uneducated people wearing rose tinted glasses |
He also took shares in lieu of salary as well as market purchases and supporting fund raises. He retains an interest in 8.2m shares."The contract provides for a base salary of £120,000 per annum, together with a contribution of 10% of that figure into a pension scheme. From 1 August 2021, until 31 December 2022 the Chief Executive was paid £5,000 per month. From 1 January 2023 until 31 December 2023 he was paid £10,000 per month. In May 2023 he was issued with 3,333,333 Ordinary Shares at a price of 1.5 pence per share with a total value of £50,000, in respect of outstanding salary for the period between August 2021 and December 2022."Lifestyle..ffs. |
He lives in Australia |
He trousered about £300k in salary and expenses, bought £30k shares and is down £15k. I make that a profit of £285k from shareholders funds
They are rough estimates but you can see what I’m saying. His salary, expenses and therefore his shares all came from shareholders funds. |
Nb Battershill is still a director of the company and retains a shareholding acquired whilst he was CEO ..he is well down on purchase too ! He does have some skin in the game though and a large chunk of any post tax earnings ( very low renumeration for listed ceo) was invested into the shares when he was CEO. |
Jo left because he was offered a fantastic opportunity in Australia and his wife is Australian |
Calmtrader - How do you know? Do you have links?
Didn’t battershill head for the AYM door when he was offered more cash at another company? |
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