Anglesey Mining Share Discussion Threads

[abergele] 20/12/2013 19:47

woww over 2.5 million,on LIM
perhaps we have turned the corner,were any shorts in that I wonder?

Xmas might have arrived,fingers x'd

[noccer] 20/12/2013 19:03

LIM up 32% now, unclear why.
Zinc creeps up some more (92c/lb) - good for AYM if it keeps going.

[diesel] 20/12/2013 18:47

That's some trade at LIM, lets hope the reversal lasts.

[mcmather] 20/12/2013 16:34

Life over on LIM?

[rajaster] 19/12/2013 11:03

fair enough, this is going to take a long time to recover. probably best adding more closer to the reopening of the LIM operations once funding has been resolved if you want quick gains. but if you're adding for the longer term then just add and HOLDDDD ON as its a rocky ride.

[eriktherock] 19/12/2013 10:25

It was a punt raj

[rajaster] 19/12/2013 09:27

that was swift erik

[eriktherock] 18/12/2013 16:00

closed 'punt' ;(

[eriktherock] 18/12/2013 14:07

I was reading yesterday or maybe the day before (jetlag)in either The Times of India or The Hindu about Tata Steels intention to secure further iron ore deposits in Arctic Canada. I've been looking online for the article but can't find it. Anyway the gist of it was about increasing ownership and not further framework agreements. If there's any substance to it then it'll be seen in the LIM share price action later today. We'll see

[noccer] 18/12/2013 13:20

I see zinc has been rising over the last 2 weeks, now over 90c/lb, which was the price used for the feasibility study. First time it has been up there since February. Need it to continue rising.

[eriktherock] 18/12/2013 11:53

No sellers around today so worth a punt around 4p I reckon. 'punt'

[rajaster] 17/12/2013 12:57

we are near the lows, exhaustion. They drop it and drop it until no ones left before bang and go the other way. Happened to SXX recently hit 6p and now back at 9 although both cases and stories are entirely different.

How much further one asks?

[mcmather] 16/12/2013 20:18

New low - C$0.18

[havenpoint] 13/12/2013 15:06

Thanks I just did - I topped up another 200,000 shares

[rajaster] 13/12/2013 13:55

HavenPoint, You may do well averaging down now, its the flip of coin. Market caps £6 Million, the price has reacted from the current low indicating it could well be the low. But I saw 4p as pivotal and an indicator that it could drop lower. I don't expect 0.5p as that would value this at less than £1 million.
Fair value probably around the current price but we need the selling to stop, some buying from the idiots in charge and some actual material news to stop the drop, perhaps sell part of the parys stake to monitize some cash and then put it elsewhere diversifying away from Zinc and over at LIM we need further investment from Tata or another Major and see how this fly's then.

[havenpoint] 12/12/2013 18:40

Well I started off many many years ago at 5p-6p and started to buy heavily when the prices fell from 92p to late 30's. So I am certainly well down on my investment. The only advantage for me in buying now would be to average down.

With contacts/connections/involvement of Tata I would have thought this would be a certain winner. Apparently not?

[mcmather] 12/12/2013 13:40

The best barometer for me is that latest webcast. The management have overseen a fall of nearly 98% in the share price (LIM) of recent highs but were still all quite giddy. Why was that?

[rajaster] 12/12/2013 11:12

I don't think its wise unless your buying as a new buyer. I'm already near 40%-50% down on my 6p and 5p buys. As previously mentioned wont be adding any more pending long term hold and wait for me now. but seriously the value drop and the lack of care shown by the management whilst taking their high wages paints a big picture. I'd love to get hold of their numbers and bug them to death like I've done with others in the past.

Historic prices have been as low as 0.5p so where this stops now is the big question. Lim defaulting is being priced in as their funding for 2014 needs to be rectified.

I've not checked IO spot prices, but they have been at 2-3 month highs recently pending $130-$140 dollars.

[havenpoint] 12/12/2013 10:32

Is it madness to invest further funds at this level in view of your last comments?

[rajaster] 12/12/2013 10:02

this is likely to head to 2p due to the incompetence of management.

[rajaster] 11/12/2013 10:53

still alot of selling of LIM, volumes been high the last 3 trading sessions. but as TSX is DMA its hard to ascertain if the figures were correct.

none the less the road to recovery is going to be a looongg one.

[mcmather] 09/12/2013 20:07

Well thats $0.20 hit. Hopefully it will bounce....