Anglesey Mining Share Discussion Threads

[abergele] 29/5/2014 08:55

Laser,
well done by your adding on the lows,gla.
I still hold,may add today,but wondering if we are going to get a rights issue for this venture,
What is your thought Laser?

[mcmather] 29/5/2014 08:38

Indeed. Wouldn't have thought that an acquisition would have been the first thing on their minds....

Onwards and upwards, eh. Eh?

[diesel] 29/5/2014 07:46

Have they the finances to fund this new venture?

[bodgit] 29/5/2014 07:38

Well that was a surprise, and welcome. Interesting to see if and how the share price responds today and beyond. Good luck all.

[mcmather] 29/5/2014 07:27

Interesting development all round.

And about Anglesey:
A detailed review of the resource base for the entire (UK) site has recently been commenced by Micon International. The company continues to review the future demand predictions for base metal concentrates particularly zinc ahead of any decision to move to development and production.

[laserdisc] 28/5/2014 18:48

BIT OF OLD INFORMATION
that detailed feasabilty study which has not been released was not available at the time of the proposed sale to Western metals which on completion of the feasabilty Western metals were prepared to pay £14.2m for the Parys property the present MKT CAP of co is £5.6M

[laserdisc] 28/5/2014 16:40

i am very optimistic for a recovery but thats me i keep buying AYM, must be worth a punt on Parys, the bonus ball would now be lim which despite no announcement on finance must have some extension to a bank loan as they were in negotiation for credit when the last accounts were published see the notes on accounts .They may be near the edge , but they can go into care & maint till a time that iron ore recovers,they may get an offer for whats left in the assets,at the last m&a management did not come across that all was lost ,they were actually jolly about something i seem to remember

[bodgit] 28/5/2014 15:23

LIM looking a bit perky today? Good luck all

[noccer] 28/5/2014 00:23

They have the JORC, they have the feasibility study (though haven't released it, so we don't know what it says beyond the RNS). If metal prices go up it doesn't just change the margins, I think it substantially inceases the tonnage that can be extracted profitably. Have they got the gumption to mine it - I really don't know, it could depend on finding a partner, or flogging it. Certainly several zinc mines are closing and there is quite a bit of chat about a supply/demand imbalance. Demand is increasing. Some pundits expect the price to double by the end of this decade, which would certainly help matters, but shorter term, who can tell?

[laserdisc] 27/5/2014 21:16

PRESENT METAL PRICES

Copper $3.18c /lb
Lead $0.96c /lb
Zinc $0.94c /lb
Silver $19.07 /oz 29 GRMS TO AN OUNCE

REF TO the SILVER ,,, BORE HOLE SAMPLE... AMC 15 reported in 2005 886 GRMS that one engine room bore hole was evaluated to contain
30 ounces of silver ... worth around £340 at current price

Since that drilling in 2005 you would think will all the latest technology they can determine where to mine to get the max efficiencies for silver extraction they have a lot of techno info this drilling & evaluations have been going on since the 1990's

i think this time around a final decision has to be made of what is going to happen to the project

[laserdisc] 27/5/2014 20:45

Thanks noccer zinc getting closer to the $1 a lb , ...reached .95C

hyper al reckons $1 lb for zinc was once mentioned in earlier years, i have been reading very old threads on here & over on motley fool 60c lb was once mentioned on motley fool , i know we have value in Parys

silver is very significant in engine zone all depends how all the metal prices mined correlate.I will leave it to experts to evaluate
I would like a clear update from Aym but suppose we will have to wait for their financials in July.

[noccer] 27/5/2014 17:43

Yes there's silver in the 2012 JORC resource estimates. Roughly on parity with gold price-wise in the white rock indicated, though I am not sure about the relative extraction efficiencies. Zinc is the main contributor to that the value of that ore body, followed by lead. However the silver is more significant for the engine zone. I'll let you do your own sums as converting from ppm to ozs, then to $/t I could easily screw up.

[laserdisc] 27/5/2014 17:16

noccer some years ago on Parys drilling silver was high on the agenda, do you have any drilling info on the silver content at Parys ? , i remember a poster here on Advfn "mohearne" who reckoned the silver could produce a significant contribution to mining costs at the Parys mountain site, has this very old news back in 2005 any significance today to mining or was the seam just a one bore hole

[rajaster] 27/5/2014 11:08

The price is hitting the 50 dma, which has seen strong resistance all the way down, ideally needs to crossover and take this point out and again the higher 200 ma for me to say that the share price will successfully reverse.

[mcmather] 27/5/2014 11:05

Lets hope so.

[noccer] 27/5/2014 10:23

Price ticking up a little, 1/2 million shares traded. Maybe not quite a dead share. Zinc stocks falling at LME. LIM twitching too, so something is in the wind.

[abergele] 24/5/2014 20:17

Still holding on here.hoping for some decent news so as to get me in the black and out of the red.sounds a bit like Bullseye. Keeping the faith.

[laserdisc] 23/5/2014 17:05

late trade now reported at the full ask 225k @ 3.1p

[laserdisc] 23/5/2014 16:27

possible late trade here wins just moved up the offer thats help to reduce spread to 7% best for some time a few trades here will help

[laserdisc] 23/5/2014 15:03

3.1p avail just topped up a small amount but it registered as a sell on the trades

[bodgit] 23/5/2014 14:14

laserdisc, thanks for that. I'm still watching and waiting for something good to happen so I can get the shares out of the bottom drawer and dust them off so to speak. I take it LIM are still dormant? Good luck all.

[laserdisc] 23/5/2014 12:41

500K BUY gone through earlier at 2.9p delayed

[laserdisc] 23/5/2014 12:34

SHANGHAI, May 23 (SMM) – Shanghai Metals Market expects LME zinc prices to outperform China's domestic zinc prices in 2014, with average spot zinc prices estimated at 14,900 yuan ($2,415) per tonne.

if thats achieved would throw up the senario
US$1 per lb which i think makes a case for start up on Parys but we do need more info on that from directors , lim seems a care & maint case now , as i have posted before once in here the spread very large % so its a punt for long term with a view that something will happen to Parys

[rajaster] 23/5/2014 12:18

10% rise, but still no news regarding the restart of production by LIM, the funding gap hasnt been closed and IO hasnt recovered. So what next?

[laserdisc] 07/5/2014 10:13

Worth a look at zioc will have operating costs of 34 dollars a tonne on iron ore possible news soon on a dso 1st stage i hold that one