Anglesey Mining Share Discussion Threads

[laserdisc] 25/4/2014 09:08

Thanks hyper al we are not at the $1per lb yet so keep watching,A major portion of the white rock resource is located close to surface at a higher average grade

Patricia Mohr, vice-president of economics and a commodity market specialist at Scotiabank, believes zinc "will be the next big base-metal play for investors." She forecasts prices will average US94¢ per lb. in 2014

Probably no news then until July when year end accounts 31/3 are due , lim price now looks wrote off in the aym sp, so any thing positive out of lim may have impact this is still valued by market at just under £5m, probably lim inv worth 1m on present exchange rate if it does stay afloat or sold then aym may get some cash injection to start the ball rolling on Parys

[hyper al] 25/4/2014 08:49

Maybe we can resume the drive into the White rock? or not, we were never told why that drive was abandoned.

[hyper al] 25/4/2014 08:47

Think we need it it be over US$1 per lb

[laserdisc] 25/4/2014 08:41

yes zinc possibly trading around $2088 mark now
also earlier this week
Teck Resources, the Canadian company, said this week it would resume operations for mining zinc at its shelved Pend Oreille underground mine in the US, which has been idle since 2009. Although the zinc price has been flat this year, trading at $2,070 a tonne on Thursday, Teck is banking on a rally in the coming years.

will management make a decision on mining Parys?

[noccer] 23/4/2014 22:49

Good spot. laser, for AYM - Zinc strong for 10 years. Still waiting to see LME stocks resume rapid down-trend, but expect it will happen once Easter is out of the way.

[laserdisc] 22/4/2014 08:33

China Turns Zinc Into Car Parts as Consumer Demand Surges



BID STILL SUPPORTED BY THAT 500K & its still showing
spread increases to something like 18%, been 26% a few weeks ago possibly that is to deter buyers, i dont know, just sticking with it still think Parys is worth something that must underpin asset value

3.0
10,000
07:50
2.9
135,000
07:50
2.75
40,000
PEEL
07:54
2.75
40,000
WINS
08:04
2.75
500,000
07:00
2.5
40,000

[laserdisc] 07/4/2014 15:28

Will zinc continue to rise as shortage looms?......... google this for link
Sunday, April 06, 2014 by Proactive Investors

Sorry unable to post link but worth a read
part extracted below

Key zinc price catalysts

It is likely that zinc mine capacity will leave the market in 2014E and 2015E, with new capacity during this period not expected to be sufficient to match supply lost to mine closures.

There are also growing consumption driven by three key markets - China, the U.S. and Europe.

China galvanises 4% of the steel it produces, far less than the 18% average used in the Western World.

Inevitably, China will increase this amount when they target export markets and strive to meet Western standards.

China used close to 5500 tonnes of zinc in 2011, which is four times as much as a decade ago, and a stagging ten times more than twenty years ago.



AYM bid on l2 altered this morning i continue to buy at these levels, very well done to those who snapped some up over the last few weeks at 2.85p its 3.15p to buy presently
BIDDING for stock at these prices
135k at 2.9p
then well supported but it remains to be seen if that 500k stays on the books
07:50
2.75
40,000
BMCM
07:52
2.75
40,000
PEEL
07:55
2.75
40,000
WINS
07:33
2.75
500,000
08:19
2


from stockhouse poster TATA continue with planning application on HOWSE

[abergele] 02/4/2014 09:44

It's so hard to believe we were at 90p once,I am so afraid to buy more,with my record of broken companies...wiggins.woolies,although,just got out in time with a break evens....Durlacher...The old Costain....the old Parity....the list can go on I tell you...

[abergele] 02/4/2014 09:39

morning to you Laser,
A very grey day today,on the news they are calling it "dust coming up from the Sahara ",winds streaming it along to GB.....oh well,don't go running they say,
or it may give you a sore throat............if I went running ,it would give me a heart attack....haaa.lol's

[laserdisc] 02/4/2014 09:28

Yes, heavy rain here for next 48hrs but its warm, last week was full sun.

[abergele] 01/4/2014 20:17

Hello again laser,
still here and bleeding....ooh it hurts..
are you over in Spain? ...not been a bad couple of days here on the coast,
back myself from a 3 weeks break in Malta...mixed weather,last 10 days the best

[laserdisc] 01/4/2014 08:42

Poster on stockhouse has had e mail from lim says still looking at finance arrangements for 2014 i added a few more at these levels not in uk at present may add a few more next week good luck its not going to go bust the bid still seems to have strength

[havenpoint] 28/3/2014 14:36

I must confess to be bitterly disappointed at the callous attitude of the BOD. Is there a way to make them react to their negligence in allowing this situation to deteriorate to such a base level? What surprises me is that the major corporate investors seem to be very complacent about matters. Truly puzzling!!

[captj] 28/3/2014 09:25

Wow 6p - 7p that would be good back to levels of pre LIM for all those years of wages and pension contributions during which no purchases to support their own stock, obviously top management then. So basically ore in ground is running the company and not management who in fairness took it from 6p to 90p plus, didn't cash in or raise enough cash at these levels and have since managed to get it back to half the price it was before LIM (6p) and done nothing to support the fall and still in charge. Months since end of last season and this one due soon yet no news on funding or plan to move forward and no director purchases at this low level to even attempt to support downward slide guess they must be due a raise or at least a bonus!!!

[kermat] 28/3/2014 08:53

Now well under asset value, probably a good bet for a bounce here, particularly if they can secure financing for the next few yrs without too much dilution. LIM should be considered zero value now, but Parys must be valued above the 5m market cap we now have. I don't think they will be developing for the next yr or so, but as long as they stay afloat there is a good chance zinc will recover in the long term to a point where mining is viable. I think these will bounce to 6-7p on financing news, then stay around that level for the next 2 yrs.

[ashbox] 25/3/2014 15:51

Can't see anyone wanting to invest at 2p or even 1p if it's for 'working capital'. That just means a few more quid in wages and care & maintenance. They should have cashed in on the LIM investment a long time ago but the incestuous relationship meant that they were too focussed on raising more money for LIM by placing shares rather than looking after the best interests of AYM holders.

[rajaster] 25/3/2014 15:20

Still no idea how they planned to commit and take up more shares in lim at $1, laser did mention that they didn't take up the shares in the end. These guys have had more chances than cats have lives. look at the chart and how this crashed in 2003 and again in 2008, it seems they learnt no lessons from the stock market in how to manage the mining cycles to the benefit of the org. ie raise money or sell shares when lim was $11+ .if they come to market now what do you think they will raise at 2p?, 1p?

they would be best finding a buyer for parys and selling on the asset and then start again but these idiots couldn't even manage that.

[ashbox] 25/3/2014 14:17

AYM must be approaching some sort of crossroads soon? According to the accounts they had just over £400K cash end Sept 13 and burning through £200K per half-year. This outflow will have reduced with the retirement of Ian Cuthbertson but cash must now be getting low. JK has options over 5 million at a shade over 4p but has shown no interest in exercising these since 2005!

[rajaster] 25/3/2014 10:27

Boom 2.75p on the Bid.

[peterj7] 20/3/2014 15:51

Laserdisc

AYM directors should be buying at these prices. Noticed that the Morrisons Non Exec. Directors bought £180k's worth of their shares to support the share price recently. Pity our BOD can't show the faith as well.

[laserdisc] 20/3/2014 13:20

thanks thought someone had keyed wrong amounts they have not affected the l2 in any way suppose they are just cfd future contracts ,wonder what the next expiry is on these.
This also trades on isdx where 1 share has just gone through unbelievable, must be computer generation on most of the trades of late, i find it hard to believe we have so much interest here