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Recent investor discussions surrounding Anglesey Mining Plc (AYM) reveal an ongoing sentiment marked by skepticism and cautious optimism. Several discussions highlight concerns regarding the company's historical inability to generate revenue through mining activities despite the increasing valuation of underlying metals. Participants have noted the potential for AYM's resources to attract government grants or loans, particularly as the project is identified as a critical mineral site. An investor remarked, "It is not inconceivable that the UK Gov could award grant funding... based on Cornish Metals receiving circa £70m," indicating a hope that external funding could bolster the company's prospects.
While some investors express frustration over delayed milestones like the Preliminary Feasibility Study (PFS), others hold onto the belief that the company's resource estimates and recent activity might lead to a significant turning point. Notably, a participant observed, "This could easily add 50% on small volume it is so illiquid," emphasizing the potential for substantial price movement given current trading conditions. However, contrasting voices highlight the need for a coherent management strategy and operational clarity, with one investor stating, “The value of in-situ metals in the ground is one thing; economically extracting them is another,” reflecting the pervasive concern that without effective execution, positive sentiment may not translate into improved stock performance. Overall, the forum captures a blend of anxiety and cautious hope regarding AYM’s future, driven by critical external factors and the potential for newfound funding sources.
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Anglesey Mining Plc has recently announced a strategic partnership with RheEnergise to explore the potential of underground energy storage at the Parys Mountain mine, leveraging the existing 300-meter deep Morris Shaft. The collaboration, formalized through a memorandum of understanding, aims to deploy RheEnergise's High-Density Hydro® (HD Hydro) technology. This initiative is designed to support both current and future renewable energy projects on the Isle of Anglesey, while also ensuring a reliable source of clean energy for mining and mineral processing operations.
This partnership marks a significant development for Anglesey Mining, as it underscores the company's commitment to integrating sustainable energy solutions within its operations. The exploration of innovative energy storage methods aligns with broader trends in the mining industry, where environmental sustainability is becoming increasingly important. While detailed financial implications of the partnership have not been disclosed, this venture could position Anglesey Mining favorably in the evolving landscape of renewable energy utilization and efficiency in mining operations.
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Just another lifestyle vehicle. |
New all time low and almost out of cash again. |
Buying Grängesberg was a case of using AYM shareholders funds to pay off directors private company debt |
Baner, that’s my take on Grängesberg too. I reckon Jo probably dodged a bullet in not taking up the final 50%. It’s hard to say which of the three entities is the worst - LIM, Grängesberg or Parys. At least I still have my original 1788 Parys ha’penny … which may end up being worth more than my entire AYM shareholding one day. Moral: don’t invest in AYM, scoop up all the Parys pennies you can find on eBay, and sit on them for 20 years. |
I was right about the new trainee CEO, he’s done nothing since he landed at the trough. He needs to look at funding, the trough will be empty in a couple of months and he’ll be placing at 0.5p and getting closer to my prediction of 1 billion shares in issue |
Grangesberg is absolutely worthless in my view. It has been around for donkey years and never taken off. Just forget about it. The other assets - maybe 20 years and £100m down the road there will be some activities there - present value most likely 0. |
The jobs amount to just 150, a drop in an ocean. |
Well, if the local councils and the government are going to. let a scam. in this company, then all I can say is there's no hope for Wales Let's alone in the UK. as they would be just as bad. because they're obviously not interested in the people locally and jobs. that could be there producing tax for all. for the good of the communities we shall. see, Merry Christmas to everybody and a prays new year |
Not intentional just a typo |
trader465; interestingly you have typed "Prays" instead of Parys or was this perhaps intentional? !! I think it safe to say prays have also come to a halt !! |
There seems to be nothing happening for years on end here. |
Thanks to Jo B for all he did to develop AYM. I wish him well. |
all this helps to get a good management team |
Sounds like it |
"He brings extensive experience of guiding companies in the natural resources sector through complex negotiations, often with a cross border and cross-cultural element". Is there a hint there? |
Good morning, well it looks like everything's getting ready for signing obviously. things are well advanced |
It’s becoming a game of musical chairs at the AYM feeding trough |
Maybe some were hoping copper would be named as critical now? Gla. |
Yes, it's good news. So far, the market hasn't woken up to it. Hmmmm. Gla. |
More justification for some state cornerstoning of the project finance and hopefully grants to get it to FS phase.2 important industrials metals with good PM credits and an economic boost to Anglesey.There are possible REE deposits in the type of structures at Parys which if defined could be of additional interest.Just hope for some further meaningful progress to take this to development |
Fantastic news |
I think labour are positive on critical metals for net zero electrification so i think there could be grants and finance available for such projects especially in economically struggling areas to provide some security of supply as well as jobs. In the general election though the seat moved to Plaid Cymru from Labour.The new MP was former head of Anglesey council since 2017 and have shown to be positive on the development.https:// |
BBC news 24th of August. Anglesey mining has reached the first milestone. in. getting Anglesey up and running and createing creating 120 possible jobs. Local councils. seemed to be all in favour. of creating these jobs. Just a matter of waiting for the Labour Party. to put their two pennethworth in. |
Kooba .. why you investing in a pure gamble ? This could go bust as easy as the next placing failing . Never sold a single shilling of metal in decades. All shareholders have been used for is line directors pockets. |
Type | Ordinary Share |
Share ISIN | GB0000320472 |
Sector | Metal Mining Services |
Bid Price | 0.85 |
Offer Price | 0.95 |
Open | 0.90 |
Shares Traded | 431,327 |
Last Trade | 08:00:00 |
Low - High | 0.90 - 0.90 |
Turnover | 0 |
Profit | -1.21M |
EPS - Basic | -0.0025 |
PE Ratio | -3.60 |
Market Cap | 4.36M |
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