Anglesey Mining Share Discussion Threads

[laserdisc] 06/11/2013 18:30

angelsey mining will have a stand at Mines & Money conference
Business Design Centre
London 1/12/2013 to 5/12 2013 stand A33

[laserdisc] 06/11/2013 17:24

no problem,
ref to todays trades further 5 trades over on isdx which resulted in 17000 net buys on that exchange,
still think from reading L2 mm require stock .
mm seem intent on dragging this to new lower level if they can, but no sellers taking the bait hence if they don't get the stock they have to increase the bid on any good news
With the 100k buy late on lse maybe mm did not react, see what tomorrow brings

[bodgit] 06/11/2013 17:17

Thanks to those concerned for commenting on 11th November holiday. I see now that it covers all of Canada - except Ontario and Quebec. Good luck all.

[laserdisc] 06/11/2013 17:16

well 100k late buy reported 5.45p

[laserdisc] 06/11/2013 15:48

nml tata create lab with ACCURASSAY

presume lims howse drilling will go down this route if tata have it up & running in 2013 IE says capability to manage more volume for third-party exploration companies in the region.


Accurassay is now pleased to unveil the design and implementation of an automated iron mine lab that will serve the TATA Steel Minerals Canada (TSMC) operations in northern Labrador. The laboratory systems utilized in this facility are state-of-the-art and will be the first iron ore application in the Americas. This presentation will review the needs of the TSMC site, from initial DSO analysis support to the detailed testing requirements for the planned mill start-up in late 2013. Supporting factors for the decision to utilize automated systems will be discussed, ranging from enhanced quality control management to reduced staffing needs to operating cost control. The different mechanized and automated systems will be covered in detail, including the HP M1500 mill and magazine and the HAG4 automated fusion system. The lab will also include two different Bruker XRF instruments, the S8 Tiger and the S8 Dragon, which will manage trace element analyses and the whole rock oxide analyses, respectively. At its peak, the lab will process upwards of 8000 samples per month, with capability to manage more volume for third-party exploration companies in the region.

[laserdisc] 06/11/2013 15:12

I have amended links hope they work .
Our neigbour nml certainly going for production

[mcmather] 06/11/2013 14:58

Looks to be a regional holiday not a public holiday:

Monday, November 11th 2013
Remembrance Day
regional holiday


(laser, if you capitalise the letters 't' in the hTTp web addresses the link(s) should then show / work)

[laserdisc] 06/11/2013 14:48

perhaps mon 11th is an est date for earnings i thought originally it was later next week but stockhouse poster says 11th
& on this link indicates 11th


last results
For the first quarter ended June 30, 2013, LIM reported a net loss of $28.5 million or $0.23 per share

2nd 1/4 indicated

eps on the above link est $ 0.01

[laserdisc] 06/11/2013 14:47

not down on tsx hol list will check again

[bodgit] 06/11/2013 14:46

I believe Nov 11th is a public holiday in Canada? Will the TSX be closed? Good luck all.

[pathai3] 06/11/2013 14:23

3p bid talk flying @ZaksTradingCafe Vialogy could be about to turn? Rumours of consortium restructuring the company are leaking

[mcmather] 06/11/2013 14:22

Re "Nov 11, 2013 Q2 2014 Labrador Iron Mines Holdings Ltd Earnings Release -
Monday next week"

The recent share price performance of LIM doesn't especially inspire too much confidence but at least not too long to wait.

[laserdisc] 06/11/2013 12:36

don't know what game mm are playing looks like at least 2 mm need stock l2 gone 5-1 5 mm bidding for stock at 5.15p i can sell 250k for 5.15 .
i cannot buy 10k at 5.25 which is showing as10k avail, they actually want 5.41p to buy 10k
spread widens after that ,in my view to deter buyers ,
suppose its all % for these mm.
certainly no sellers here despite the sharp instigated drop, share price dropped today without any significant volume this morning.

[laserdisc] 06/11/2013 09:18

Oct presentation on lim website shows 3 ships still to complete


looking at ports log ship 7 could well be Rugia thats just loaded.
2 page Info sheet presentation only shows 6 ships presently,
but the link above has been updated recently to 7 ships

i am quite happy if they just get the raw ore to portside this season

Nov 11, 2013 Q2 2014 Labrador Iron Mines Holdings Ltd Earnings Release -
Monday next week

[laserdisc] 06/11/2013 08:53

shorts on lim hardly moved increased to 18400 shares @31/10/2013 from 11500 at 15/10/2013
lim was 57c in August at the last update, jk said he expected better figures for 1/4 to 30/9/2013, there is plenty of designated ioc ships on the sept isles port log some of which must be lim ships. i too expect a sharp revaluation of lim, i believe nml have increased their targets for dso production in 2014

[noccer] 06/11/2013 08:51

LIM were sufficiently concerned that they bought into a price protection program at $105/t, which turned out not to be required (hopefully this price is a reflection of their expected break even cost). However they also fixed freight rates on 7 vessels via the offtake agreement with RB Metalloyd, which turned out to be smart as Capesize rates have been jumping around.

The only analysts I have seen getting near the mark for IO price are Metal Expert Consulting, who only do quarterly updates. In October they showed the spread of predictions across 25 analysts for Q4 2013 was $104 to $141 with a consensus of $120. MEC are predicting $136/t for Q4, and in 2014 they predict similar price levels to this year. I sure do hope they are right. Shame they don't do non-ferrous forecasts we could use for AYM, but shows you have to take great care with analysts predictions.

A lot of the issues with price prediction of IO is whether the huge internal Chinese production from low grade ores will behave as per normal market, i.e. they won't produce at a loss, as a lot of this is $130/t production cost. We have seen some stability around this price. Of course the strength of the chinese currency also has a big effect on internal v external production costs, and then there seems to be a growing futures market. It is certainly complex.

[mcmather] 06/11/2013 08:34

At least some green shoots; still think they need to cut some costs / get all 10 ships sent this year mind.

[kermat] 06/11/2013 02:06

The resiliance of the IO spot is amazing, not sure it can last much longer with the increase in supply, but who knows? Anyhow it must have given LIM a huge shot in the arm, no doubt they were expecting lower prices for the second half of the season and one would hope, have been controlling costs in this expectation. All in all, I expect a good set of results and, as long as the outlook is not too negative, a sharp revaluation.

[noccer] 06/11/2013 01:04

IO now USD136.8 (CAD143), wonder where it is headed.

hxxp://www.macrobusiness.com.au/2013/11/daily-iron-ore-price-update-price-volume-bonanza/

[laserdisc] 05/11/2013 16:27

thanks ,yes that seems logical with the pricing nb lim shorts should be published tomorrow

[laserdisc] 05/11/2013 16:20

could be sells here also not been around but looks at a low price evaporating yesterdays buys
05/11/2013 14:54
100,000 @ 5.575
05/11/2013 14:53
100,000 @ 5.5

[rajaster] 05/11/2013 16:13

I wouldn't jump for joy just yet as LIM share price still looks very very weak.

[laserdisc] 05/11/2013 14:39

opening lim all trades ubs yet ubs were not that bullish on iron ore
UBS bank forecasts a global seaborne surplus of 154 million tonnes in 2014
09:30:00 T 0.35 0.01 11,000 15 UBS 33 Canaccord
09:30:00 T 0.35 0.01 1,500 15 UBS 79 CIBC
09:30:00 T 0.35 0.01 2,500 15 UBS 1 Anonymous
09:30:00 T 0.35 0.01 3,000 15 UBS 72 Credit Suisse
09:30:00 T 0.35 0.01 2,000 15 UBS 13 Instinet
09:30:00 T 0.35 0.01 1,500 15 UBS 72 Credit Suisse
09:30:00 T 0.35 0.01 39,000 15 UBS 9 BMO Nesbitt
09:30:00 T 0.35 0.01 1,000 15 UBS 28 BBS
09:30:00 T 0.35 0.01 5,000 15 UBS 28 BBS
09:30:00 T 0.35 0.01 1,000 15 UBS 79 CIBC

[laserdisc] 05/11/2013 08:30

l2 100k just gone on the bid at 5.5p also wins 40k at 5.5p mm want shares, British bulls saying Let's jump on our white horses and go for a bullish ride.
If lim turn in some reasonable results & with the hunt for zinc, i reckon we could have turned the corner here .
hxxp://www.lme.com/en-gb/metals/non-ferrous/zinc/
we should get some news this year for Parys whether they intend to take project forward in 2014, fwiw i think management will give a detailed rns on parys