A blind man can see that they intend to bankrupt the company. And then. let whoever it is that wants the company, to buy it for nothing. all at the cost of the loyal share holders. The serious fraud squad should be looking at the regulators to find out why they are not doing anything. |
The FT piece, although interesting to read, isn’t really relevant, certainly at this juncture, to AYM. It’s academic. What has been mentioned by many on numerous times on this thread is update after update relevant only to AYM and until that occurs then this stock is going to stay at sub 1p AND a financing right now is desperately needed for not only G&A purposes (salaries, office costs etc) but at some point WE need to see results of a still pending PFS; without this no one or no entity will grant, loan or similar to AYM because for the sake of £3m max (approx market cap) a total take over of the company can be done (>29.9% is all that is required). It’s needs a new management team and whichever way you looking it, you can’t have one person (CEO) trying to multitask on all fronts especially when he doesn’t really have the corporate ability to engage where it’s required. |
I agree, Kooba. Whether Rachel Reeves can spare the cash right now is another question, but it would be a positive step. And thanks for the F.T. link. |
I think the government could get a lot of bang for small bucks in helping South Crofty in Cornwall and Parys get back to production..not only is there the security of supply argument but also the job creation in economically deprived areas all supporting the mad zero drive . Small money for what would look good from a number of angles..which i think is all that matters to them rather than having a genuine and significant impact on the sourcing of critical materials. |
 FT pieceThe UK will have to consider subsidies for new mines and more stockpiling to avoid supply bottlenecks for critical materials, the head of the UK's minerals supply watchdog has warned.Gavin Mudd, director of the UK Critical Minerals Intelligence Centre (CMIC), said one option would be legislation similar to the US Inflation Reduction Act, which offers subsidies for the domestic production of some minerals. He also said the government could build up stockpiles of critical materials - an approach used by the US Department of Defense."That's what has to be looked at, what works best for the UK context," Mudd said.There is growing concern about the vulnerability of the UK and other industrialised nations to shocks in the mineral supply chain as decarbonisation increases demand for a range of materials that were previously little-used."We're living in a globalised world," Mudd said. "That's what we have to grapple with."Late last year the CMIC put together a list of the minerals most at risk from shortages and most important to UK industry. Top of this "critical minerals list" was niobium, a relatively obscure metal but a vital ingredient in many forms of steel. More than 90 per cent of the world's niobium comes from one country - Brazil.The CMIC report, commissioned by the Department for Business and Trade, was the first study of its kind since 2021.Mudd said that the government would have to look at alternative ways to obtain materials that come from a narrow range of sources, possibly through expanding UK mineral production, such as the lithium mine under development in Cornwall.Lithium was among 34 critical minerals on the CMIC's list. There were other sites for lithium beyond Cornwall, Mudd said, as well as nickel deposits in Scotland.Mudd added that, when cobalt supplies ran short in the 1990s, at the height of the civil war in the Democratic Republic of Congo, some sectors had found alternatives to the mineral. He suggested this could be another means of reducing vulnerability to supply chain risks."They found?.?.?.?alternatives that could do the same thing," Mudd said.Cobalt was second on the CMIC's critical minerals list, while rare earth elements came third. Rare earths are 17 different minerals critical in production of the magnets at the heart of many devices, from electric vehicle motors to wind turbines.Mudd said that the supply of some minerals, such as Fluorspar, was becoming more difficult. The UK has become entirely dependent on imports of Fluorspar, which is used to make fluorine and fluoride for a variety of nuclear energy and metalworking processes, since 2023, when the last British mine for the product closed in Derbyshire.Mudd warned of the dangers to UK businesses if critical mineral supplies were interrupted. A halt in niobium supply, for example, would have "a significant effect on the automotive industry".He urged the government to press ahead with a plan to secure the UK's access to the critical materials. "We've done the analysis. Government will need to do the policy strategy development." |
calmtrader, thanks for the FT article link. The focus of the article is on critical minerals such as niobium and lithium. Gla. |
Well, the top earner (presumably Jeremy Wrathall) in loss-making Cornish Lithium earned £439,000 plus options in 2023, so let’s hope that any green energy slowdown hasn’t hit his earnings too hard. Cornish Lithium lost £8,500,000 in 2023, so any imminent I.P.O. there seems unlikely yet … |
I don't think the UK Govt. will subsidise any potential UK mines unless they have first been proven beyond reasonable doubt that they can contribute these much needed so-called critical minerals. On the other side of the fence we have a dysfunctional NHS, we have a massive illegal immigration issue (not helping the NHS) and we have an economy in near free fall (also not helping the NHS) with our currency at a reportedly 16-year low against the US$ (and that is with Trump/Greenland/Canada/Panama) all factored in !!
Approx. 2 years ago, the UK Govt gave a sizeable grant for UK-based (Cornish) Lithium; that was when the UK was 100% on this so-called "green energy" initiative. Guess what; the automobile brakes have been applied and combustion engines will still rule the roost for quite some time. |
I believe it says "Watchdog has advised UK GOVERNMENT that they will need to subsidise new UK Mines to secure critical minerals " |
calmtrader; the link goes to a paywall ... NFW !! |
Anybody have access to the FT?This looks very interesting https://www.ft.com/content/b1393700-8218-44e4-b432-7dd3073a6bce |
The chart appears the price has gone up because the spread is 22%, the bid is 0.55p and the offer is 0.7p
What will the bid be at the next placing? |
I've not wasted my time watching another repeat.
Was there anything new? Did the video mention the dwindling bank balance because they keep drawing cash from a loss making company? Did they mention how they plan to finance the salaries? Did they say how much cash was in the bank? |
kooba, thanks for that link. Have listened to it all. It confirms my own thoughts around the potential for AYM assets and the puzzle of why they have not (yet?) been acquired by a significant player with the financial etc firepower to more quickly realise their value. Something doesn't stack up here. Probably my own thoughts! It's all a gamble. That said, I'm digging down the back of the settee to see if there's any loose change there. Gla. |
Full interview on bloghTTps://www.allpointswestpod.com/episodes/from-rio-tinto-to-anglesey-rob-marsden-s-journey-in-mining-leadership |
hxxps://x.com/StBridesP/status/1876916795237421333 |
hxxps://x.com/stbridesp/status/1876916795237421333?s=46 |
There's an interview on twitter from Rob but won't let me copy it to here |
Makes you wonder who's buying all these shares. bargain prices. Good day. Come on. Come on. |
I predict next placing 0.5p. |
A new all time low 0.6p bid, running low on cash and a placing due. I have called this correct all the way down |
"AYM has entered the so called “death spiral” and it will require some very exceptional news to slow down or even halt this decline"
It can be halted but cannot be reversed, once the shares are issued the damage is done, they cannot buy them back to recreate the shareholder value. |
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