Anglesey Mining Share Discussion Threads

[noccer] 26/7/2013 00:05

This makes a change from the usual doom and gloom for iron ore.

[laserdisc] 25/7/2013 20:38

5% move in lim this evening lets hope the trend continues
a parity with nml would be nice

hxxp://www.i3investor.com/servlets/fdnews/154740.jsp

[laserdisc] 25/7/2013 13:06

over on iii eric reckons this is lims ship for the 5th cargo
03-août 12:00 CAPE ALTHEA I.O.C.2 2 I.O.C. 1C 175 000 LIM SINTER FINES

[laserdisc] 25/7/2013 13:00

have these sold out showing on the digital i site
Gartmore Investment 5,200,000 £318,500

[laserdisc] 25/7/2013 12:11

only a guess that 2000 but the co website states july 2012
Number of shareholders:
~1,680

with ian leaving looking likely now we all have more shares than the directors despite them having options i thought jk was holding shares but he seems to have only options

notice the spread now about 4% few weeks ago hit 16% that may encourage trades

[noccer] 25/7/2013 02:09

Not sure about 'individual shareholders' being something you can count. Surely from trading houses you only get the aggregate and not how many individuals - or have you tapped into some other source of info ? All but one of my holdings are via intermediaries.

Can't understand why LIM share price is nailed down when LIM should be making $20+ per tonne. Maybe the usual commodity/mining investors are waiting in the wings (or on holiday) until they see a really positive signal for a demand rally. I think FXPO is the only pure iron ore play on the FTSE and it has moved up about 20%, but still lacks lustre. LIM lacks any sign of life, maybe when they report some real money coming in then it may tick up, but I think those sorts of investors are just staying away for now.

[laserdisc] 24/7/2013 12:03

no more than 2000 individual shareholders

hope its not taken private & broken up say another 15% off the share price and possibly opens up possibilities back in 2011
Juno Limited 57,924,248 36.6%
Passport Special Opportunities Master Fund 26,525,000 16.7%

originally passport had around 42m shares who owns that lot now no one knows

[hyper al] 24/7/2013 11:55

laserdisc

Parys is worth a lot more than £14m if they get the ore out. Even at £14m it shows that the BoD's prioritys are at odds with the reality that Parys is 100% owned by the company. I would suggest it better that they concentrate on the core asset rather than a 15% share investment in a company across the water. Are there problems with developing Parys which have not been talked about? was it Western that backed off after due diligence, the suggestion was commodity prices, but was it just that? Why are the BoD giving Parys low priority?

LSE rules require that major share holders are displayed on the company website. So what is shown on the company wed site should be correct.



"Juno Limited 57,924,248 shares 36.1% of voting rights"

That's it, so who holds the other shares?

[laserdisc] 24/7/2013 11:42

hyper al Parys has far greater value

yes parys in accounts valued at 14m if it was sold maybe get 7m & if lim shares were sold gradually in open market which they can be another 7m

MARKET CAP TODAY 10M most of the directors share options now out of money



jk has some at 4.3p
still needs more sellers to get the price down further & that does not seem to be happening
who is holding all the issued shares ? as no major shareholders other than Juno shown in the accounts.
where would all the millions of shares passport disposed of over the last 2 years now be registered surely not with private investors

[hyper al] 24/7/2013 11:41

Wolf Minerals (WLFE) is opening a large mine in Devon, why can't AYM do the same in Wales. Yep it needs a lot of hard work and the concentrated effort from the BoD, who did do an excellent job in Labrador, but they need to refocus on AYM, now LIM is worth so little. Non-ferrous commodity prices are not that low if you look at long term charts, why wait for iron prices to improve in a company we only have a 15% stake in!

WLFE has the 2nd/3rd biggest Tungsten reserve in the World! and they have all the funds in place for the mine, plus support from local people (much like AYM in Anglesey).

[hyper al] 24/7/2013 09:29

diesel

We all know that this industry is risky and often high prices drop back. We just need to see the impact of zinc prices on getting Parys up and running, just as they are about to drive into the zinc bezring white rock, the price drops back.

I don't think the BoD can cope with both operations, todays report states:

"Our strategy therefore is to weather the current turbulent times, to retain
cash where possible, to maintain our holding in Labrador Iron which today has a
market value of almost GBP7 million and to leave ourselves ready and able to move forward when metal prices and capital markets return to more positive
territory."

The trouble with the above comment is they lump Iron with non-ferrous metals.
Why do we need to wait for Iron Ore to get stronger, AYM's main asset is a copper/lead/zinc deposit

5 Year copper price looks good hxxp://www.kitconet.com/charts/metals/base/spot-copper-5y-Large.gif

Iron ore prices appear to follow roughly the same trends

If they sold the £7m stake in LIM, they could move forward with AYM and make sure everything is in place for the next upturn in Zinc prices or even just continue the drive into the white rock, which they started and take whatever they can for the zinc. Why did they stop that drive? the company suggested a drop in zinc, but now they have come back to Parys they have moved back to the shaft again for access. Is the white rock so hard it can't be worked?

Once they get down to to engine zone then they are on their way. I'm sure they could get grants towards the CAPEX for port facilities.

I consider Parys to be worth more than £7m so for this reason that is what the BoD should be spending their time on. Wolf (WLFE) can get all the funding for a Tungsten mine in Devon, so why can't our BoD get working on Parys and drop LIM.
Investors in LIM can invest direct, it makes little sense to invest in AYM for jut a 15% in LIM when Parys has far greater value.

[squirrel888] 24/7/2013 09:14

We are going to need the zinc - in tandem with the IO. Just you see.

[diesel] 24/7/2013 09:03

HA, re last sentence, I think that was their plan, they subscribed to more shares in LIM at the last placing $1 if I remember correctly.
To be fair, They did get close to it all turning out just fine, a very fast start up of operations just happened to correspond to a sudden slump in IO price. Had the price remaind at current levels or above LIM would have looked a totally different business, and perhaps then the funding of AYM would have been simple.

[squirrel888] 24/7/2013 09:00

We'd need to get back to a state of TRUE supply and demand. How can we measure supply and demand when all this stockpiling has been going on. Add to that - many Chinese warehouses were supposed to be FULL of stocks and are in fact empty. So when tshtf - the truth will be realised in terms of pricing.

We have empty gold vaults, empty silver vaults, we have a pre-determined shortage in zinc and the house of cards has collapsed on the banks & warehouse owners - who have effectively lied.

When mines can sell in to the market at REAL demand terms - watch everyone's socks getting blown off.

It could well be about getting the timing right for Parry's - all is not lost.

[diesel] 24/7/2013 08:46

but the reason for the fall since yesterday is not the metals price it is the fact that even if there is a recovery the commodities of Parys, there is no sense that the management are any nearer mining the stuff out of the ground!

[squirrel888] 24/7/2013 08:40

Then there's the multiple warehouse fees - which may now be curtailed - since it is deemed to be corrupt. The banks at large again!

[noccer] 24/7/2013 08:16

Yes, those naughty banks - they have even been known to stockpile gold.

This sort of accusation can be made of banks, traders, hedge funds, even miners - look at this article about Glencore - I admit it is a year old, but they were physically stockpiling zinc in New Orleans back then. The argument was that it was perfectly legal to locate LME metal stocks in places where it was effectively inaccessible. Obviously zinc price has relevance to AYM, as there is plenty of zinc in the ore body. It was believed that this stockpile was against a future shortfall in supply.

hxxp://news.jobbook.com/2012/05/glencore-stockpiles-zinc-tightens-grip-on-global-market/

[squirrel888] 24/7/2013 06:08

Banks have manipulated metal prices. When that ends we'll see true price discovery all round.

[noccer] 23/7/2013 18:25

Yes, Bodgit, Parys is waiting for the metals price. AYM shares may come up on the basis of LIM shares improving - which they surely must if the ore price holds up where it is now. As for the Parys metals, I am not sure about future predictions. There was expected to be a zinc shortage a few years out - not sure if that still holds true.

[bodgit] 23/7/2013 18:09

Ah well, bottom drawer time for these by the looks of things. I'm holding. Good luck all.

[laserdisc] 23/7/2013 15:33

cash balance at 31 March 2013 was £670,345
Ian Cuthbertson will be leaving us
at the end of July. nice guy pity that, wish him well

[noccer] 23/7/2013 12:07

They ran the mobile crushing plant for a fair while last year, and produced 300kt of DSO. Then packed up for the winter and resumed this June. It's a lot of truck journeys to fill a single train - I wonder why they didn't get the rail spur in from the start, you would think it essential to deliver equipment to the process area. I was also surprised they stopped for the winter, given their stated aim is to produce all year round. Maybe they found they couldn't operate the crusher under winter conditions.