Anglesey Mining (AYM) the ultimate jam tomorrow mining penny dreadful is today boasting of how it has raised another £768,230 at 3.4p a discount of just 5.6% to the close yesterday. Whatever you say chaps. The money will be used to do more exploration work mainly at the Parys Mountain hole in the ground in Anglesey and, of course, to pay those vital PLC costs.
On 3 September AIM-listed Angelsey Mining (AYM) released predictably horrid full year results to March 2021. This morning it has graced the market with an RNS entitled Financial Results and way Forward. Confused? I was……until I realised this morning’s missive didn’t include the full results!
The two companies have only two things in common. The first is that their balance sheets are thinner than an anorexic Ethiopian supermodel with a coke habit. The second is that in recent weeks their shares have absolutely flown.
Not content with leaving burying bad news on polling day to the likes of Purplebricks (PURP) or Versarien (VRS), this morning – election results day – AIM-listed Anglesey Mining (AYM) joined the fray with its Interims to September. They are truly horrid.
Back in late January as its shares were ramped to 3p on the back of preposterous speculation about the Parys Mountain deposit in North Wales I warned you that Anglesey Mining (AYM) was almost bankrupt and that it was placing ahoy. Today came the placing and an accompanying porky.
