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Thanks for quoting me SW... I was merely taking the bottom half at face value, which the directors deal page of this website did also. I can only go with whats in black and white so apologies for inferring more from that.
As others also state, I don't see any issue in the BOD playing with their options. I don't believe it will have any longterm affect on the share price and I certainly don't believe there is a fire sale given the hot embers in the fire at AYMs global locations.
May 10th even... before someone spots that and starts another ridiculous conspiracy.
"I saw your reply Tommy. However, it clearly states that one director has sold the 500k shares he bought in March, yet the others have more or less doubled their stakes. I did read it originally as wholesale selling, but items 2, 3, 4, clearly mention acquisition of shares and growth of holding."
I would honestly be amazed that anyone could possibly genuinely draw this conclusion from this. The RNS was absolutely crystal clear. It spelled out the numbers of shares sold per Director and the sale price (4.18p), and then explained that "All the shares which were sold were issued in March 2021 following the exercise of share options". The numbers of shares sold correlate exactly with the number issued, and the number remaining afterwards (200k for Bill H) correlates exactly with the holding value in the last annual report.
The people going down to the notification tables, which were obviously copied and pasted with box 4b not changed correctly from the March RNS - and trying to use that to argue that Directors have been accumulating shares, are being absurd, and I would really question the judgement of anyone who seriously thinks that scenario is plausible.
The Directors issued themselves shares on March 16th at 2p, and sold them on May 18th for 4.18p. Anyone who thinks otherwise at this point is either being deliberately obtuse... perhaps thinking that denying the obvious will help the damage control, or must be more than a bit dense.
Personally, as I've explained, I don't have a problem with the share issue and sale, because this has given the Directors a bit of salary, without depleting AYM's limited cash reserves. What I have a problem with is the general lack of action in terms of progressing projects.
if you look at the published (via RNS and AYM website) document's first two tables and their accompanying sentences you will see that the director's divested themselves of all their shares apart from Hooley who kept 200k. I spoke to AYM's broker who confirmed that was the correct position.
Georgie ... just look at the opening two tables and accompanying sentences of the PDMR which constituted the RNS. I also spoke to Monecor who said that this is the correct interpretation and - as AYM's broker - they should know.
I saw your reply Tommy. However, it clearly states that one director has sold the 500k shares he bought in March, yet the others have more or less doubled their stakes. I did read it originally as wholesale selling, but items 2, 3, 4, clearly mention acquisition of shares and growth of holding.
Georgie ... the document on the AYM website is exactly the same as the one issues as an RNS and clarifies nothing at all.
See my earlier reply/comment.
Moneysscarce, that document on the AYM website clarifies. Yes, one director (JK) sells, but the other three acquired shares (Bill, Danesh, Howard).
Not sure how that link helps in any way Money.
Anyway, I spoke to Monecor and they said their take on it was that it's an exercise of options followed by sales for all the directors.
Sorry, wrong link.
https://www.angleseymining.co.uk/News
I think this should clear up the matter. They were all SELLS.
file:///C:/Users/PETERH/Downloads/directors%20share%20sales%20may%2021.pdf
If it wasn't slightly serious you would have to laugh
Only Anglesey could undertake what should be a relatively simple set of directors share transactions and cause so much confusion
With various interpretations - sold a lot - increased holdings - simply sold shares
recently acquired through options
Hopefully in a day or two when dust has settled all will be clear