Anglesey Mining Share Discussion Threads

[benjamin15] 12/5/2021 08:47

Yet we are still sitting at less then 5p...Mr Market will awake soon..

[trader536] 12/5/2021 08:40

The copper price is around 38% higher than in 2008. Any offer for Parys should be min 38% higher ie £18m, that's without taking into consideration the increase in resources and increase in potential production as per the new PEA.

[m1sterx] 12/5/2021 08:30

Since the placing both bulletin boards have been invested with bashers, they are still operating now, shorts are the wrong side of the trade, the surging copper price has caught them out.

Their market maker chums are trying hard to help them but they cannot contain the price much longer or they will be financially distressed also.

A large move up coming soon enough.

[benjamin15] 12/5/2021 08:18

I agree about the shorts, even though I have found no evidence, it has smelt fishy since the raise at 6.6p which has dropped ever since then..

[hyper al] 12/5/2021 08:11

And even if LIM does well, I doubt BoD would sell the shares, they did not at the last great opportunity.

AYM is almost like a pet project for the BoD, just a bit of fun on the side.

[kooba] 12/5/2021 08:10

It's an order book , it's order driven not price driven means those pesky market makers with their underhand ways have less impact... I can assure you that the market makers just respond to retail supply and demand surprisingly they do not have a cunning plan with every stock that punters can't explain movements for...I know because I was there.

[m1sterx] 12/5/2021 08:10

I expect to see this walked back up to 8p-9p, even then a fraction of where it should be.

Shorts are desperate to close.

[benjamin15] 12/5/2021 08:08

Wonder how advanced the talks are going with the other couple of metal prospects they would like to incorporate into the group and sit on and do nish for years.....

[iglenn] 12/5/2021 08:03

I expect this to get walked back down to around 3.9 Bid again slowly but surely. MM pure washing machine at this level.

[kooba] 12/5/2021 08:03

I wasn't sure and double checked ..certainly feels like an Aim counter..a decent advisor who might be able to introduce some long term investment to get this moving would be good, but they have moved to almost a care and maintenance model as a business spending as little as possible and getting as little as that gets you .In current environment they need to be more ambitious if they want to move ahead.Assets in the ground are great and the backdrop to prices is hugely important in evaluating valuation ..however without funding and any timelines it's a real dampener.

[hyper al] 12/5/2021 08:03

Iglenn

I agree, if they don't mine within 10 years, technology will have replaced the need to mine it at all.

[iglenn] 12/5/2021 08:02

Benjamin15 Nope :-)

[iglenn] 12/5/2021 08:01

RE Copper...thats why I am also invested in a graphite company which is developing a conductive material a third of the weight of copper but with same conductivity...copper is not the B all and end all....we will develop better materials in the not too distant future so it would be best to mine this now or offload it to someone who will. IMHO

[benjamin15] 12/5/2021 08:00

Let's see if we open up a bit after Lims rise

[hyper al] 12/5/2021 07:56

trader536
12 May '21 - 07:51 - 527 of 529
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lol they'll still need fair few meters of copper wire

Not if the battery forms the frame of the car. And the aluminium coils are surrounded by liquid hydrogen, within an aerogel motor casing

[w1ndjammer] 12/5/2021 07:54

keep up Hyper, its not the batteries we are interested in its all the wiring
and motors that go into the cars...

then you have all the Submains that will need upgrading to carry all the
extra load that will be put on the Grid......

The super cycle is only just starting.....

WJ.

[thecoyone] 12/5/2021 07:52

My mistake - it might not be a AIM stock but has all the volatility of an AIM listed company, not to mention their choice of broker who most AIM companies would not touch with a bargepole.

[trader536] 12/5/2021 07:51

lol they'll still need fair few meters of copper wire

[hyper al] 12/5/2021 07:47

We will probably have solid state batteries running cars by the time Anglesey mine opens.

[trader536] 12/5/2021 07:39

With copper rising they don't need to produce anything, the value of the copper in the ground is rising with the copper price, any offer for Parys will be far higher than the £13m in 2008.

Why would the copper price be at a low in 4 years? Have you done any research in to copper demand? Elon is going to need a pound or two of copper for his cars.

[hyper al] 12/5/2021 07:33

"thecoyone
12 May '21 - 07:22 - 522 of 523
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I believe once all the puff and wind from traders evaporates the shares will move up to a level more appropriate to market conditions and the copper price."

It's not an operational mine, so what has the copper price got to do with anything? If the mine ever starts operating in 4 years or so the copper price will probably be at a low.

[kooba] 12/5/2021 07:28

Is timing important if listed on the main market too?

[thecoyone] 12/5/2021 07:22

I believe once all the puff and wind from traders evaporates the shares will move up to a level more appropriate to market conditions and the copper price.

The share price is rather an anomaly nonetheless, I would not rule out the shorting theory but I suspect they are long gone.

On AIM timing is key, according to the Anglesey website they have circa 5m tonnes of resource, mainly copper, if you strip their investment in Labrador Iron Mines out the resource is only valued at £4m which is bordering on ludicrous.

For comparison Xtract Resources have propelled to a £50m valuation based on the hope of attaining a 2m tonne copper resource.

It is clear therefore Anglesey Mining is a rip roaring buy at current levels.

[kooba] 12/5/2021 07:14

But it's what these guys are saying..try and keep up.http://gorozen.com/firm/history

[trader536] 12/5/2021 06:59

Why would you make any investment decisions based on what Anna Golubova says? That's akin to buying a house because the estate agent says its cheap.

Anna Golubova is a low level reporter, paid a salary to drum up sales for a metal sales company. If she was any good she would be trading her own accounts.