Buying Grängesberg was a case of using AYM shareholders funds to pay off directors private company debt |
Baner, that’s my take on Grängesberg too. I reckon Jo probably dodged a bullet in not taking up the final 50%. It’s hard to say which of the three entities is the worst - LIM, Grängesberg or Parys. At least I still have my original 1788 Parys ha’penny … which may end up being worth more than my entire AYM shareholding one day. Moral: don’t invest in AYM, scoop up all the Parys pennies you can find on eBay, and sit on them for 20 years. |
I was right about the new trainee CEO, he’s done nothing since he landed at the trough. He needs to look at funding, the trough will be empty in a couple of months and he’ll be placing at 0.5p and getting closer to my prediction of 1 billion shares in issue |
Grangesberg is absolutely worthless in my view. It has been around for donkey years and never taken off. Just forget about it. The other assets - maybe 20 years and £100m down the road there will be some activities there - present value most likely 0. |
The jobs amount to just 150, a drop in an ocean.
The local councils and the government don’t have access to AYM activities and accounts, so they’ve no idea what directors are doing or whether AYM is a scam or not. |
Well, if the local councils and the government are going to. let a scam. in this company, then all I can say is there's no hope for Wales Let's alone in the UK. as they would be just as bad. because they're obviously not interested in the people locally and jobs. that could be there producing tax for all. for the good of the communities we shall. see, Merry Christmas to everybody and a prays new year |
Not intentional just a typo
I think these men have no intention to progress the projects, hence the dragging of feet for years on end. AYM is just a vehicle to draw salaries from.
Debt now £4.2m equal to the market cap, will AYM go to zero?
There’s been a few AIM scams and failures lately. HZM, HUM, SHG, PXC |
trader465; interestingly you have typed "Prays" instead of Parys or was this perhaps intentional? !! I think it safe to say prays have also come to a halt !! |
There seems to be nothing happening for years on end here.
The loss for the last 6 months is £311k.
They had £283k left in the bank at 30th September, perhaps down to £100k now? Another placing in Jan?
Prays has come to a standstill:
“This reduction was primarily due to the reduction in Parys Mountain drilling activity”
“At Parys Mountain the main activity will be progressing the Planning Application”
Grangersberg:
“At Grängesberg, we will continue to explore options” |
Thanks to Jo B for all he did to develop AYM. I wish him well.
I had hoped that Grangesberg would be monetised in some way to support the development of Parys. That still could happen though I have a feeling in my bones that it wont. Hope I'm wrong. Gla. |
all this helps to get a good management team
we need to see what the next stage is going to be with its cash position. holding now so hopeful come 2025 |
Sounds like it |
"He brings extensive experience of guiding companies in the natural resources sector through complex negotiations, often with a cross border and cross-cultural element". Is there a hint there? |
Good morning, well it looks like everything's getting ready for signing obviously. things are well advanced |
It’s becoming a game of musical chairs at the AYM feeding trough
Mr. Robert Douglas Hall as a non-executive director of the Company, with immediate effect. Anglesey also announces that Jo Battershill has informed the Board of his decision to step down as a non-executive director of the Company with immediate effect. |
Maybe some were hoping copper would be named as critical now? Gla. |
Yes, it's good news. So far, the market hasn't woken up to it. Hmmmm. Gla. |
More justification for some state cornerstoning of the project finance and hopefully grants to get it to FS phase.2 important industrials metals with good PM credits and an economic boost to Anglesey.There are possible REE deposits in the type of structures at Parys which if defined could be of additional interest.Just hope for some further meaningful progress to take this to development |
Fantastic news |
I think labour are positive on critical metals for net zero electrification so i think there could be grants and finance available for such projects especially in economically struggling areas to provide some security of supply as well as jobs. In the general election though the seat moved to Plaid Cymru from Labour.The new MP was former head of Anglesey council since 2017 and have shown to be positive on the development.https://en.wikipedia.org/wiki/Llinos_MediFingers crossed something gets moving soon. |
BBC news 24th of August. Anglesey mining has reached the first milestone. in. getting Anglesey up and running and createing creating 120 possible jobs. Local councils. seemed to be all in favour. of creating these jobs. Just a matter of waiting for the Labour Party. to put their two pennethworth in. |
Kooba .. why you investing in a pure gamble ? This could go bust as easy as the next placing failing . Never sold a single shilling of metal in decades. All shareholders have been used for is line directors pockets. |
And I'm pretty sure Jo Battershill ex CEO and currently a non executive at Anglesey knows more about the assets and their potential than any of us so checking social media posts for clues from such people is very valid research. I think Jo had previously mentioned he knew the Australian guys at the company who bid for Anglesey ..picked that up from social media or an interview..worth following these things so you don't appear ignorant when you post rubbish about there never being anyone interested in 30 years. To be fair though you are doing more digging than Anglesey at the moment. |
I think you'll find that I know AYM pretty well & just posted what was on 'X' nothing more |
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