Anglesey Mining Share Discussion Threads

[kooba] 27/5/2021 08:05

Are you based there trader?

[linz22] 27/5/2021 08:00

..probably still 22p for ten No.6 at Parys Mountain, or would that be /-2,10d, or somewhere in that vicinity? (now that's testing me..).

Edit: 1/-,10d is probably more like 22p, (or about 4/- and a threppence in New Pence, perhaps), or was it the other way round..?

[trader536] 27/5/2021 07:54

£1.30 in Thailand

[kooba] 27/5/2021 07:54

At their market value or their NPV based on assets in the ground?Either way glad I cut the habit !!

[iglenn] 27/5/2021 07:44

roughly 240 AYM shares Kooba. :-)

[kooba] 27/5/2021 07:15

Think the estimations are up to date if not the terminology..old sayings die hard with ex market folk it seems.Gave up smoking when ban in pubs came in 2007 one of my better moves. No idea even how much a pack of cigarettes costs these days.

[linz22] 27/5/2021 07:06

A "fag packet", where did you get that?
(My own rough calcs are all on the backs of envelopes nowadays..).

Or, are those estimations something left over from the '90s.?

Which, would be quite plausible given the inertia and snail-paced timescale of development, or any progress at all at AYM, it seems...

[danmart2] 26/5/2021 23:35

Kendonagasaki,
I can’t see any upto date figures on the website

[kooba] 26/5/2021 20:52

They raised £730k so far this this year ..has that all gone ? They haven't given a balance sheet this year so how up to date are your figures?

[calmtrader] 26/5/2021 16:36

I think the last two trades are buys

[benjamin15] 26/5/2021 16:33

Surprised this hasn't been marked down today,.

[kooba] 26/5/2021 15:49

They have indicated there could be support before , up to 150 new jobs and there also tends to be a local small business infrastructure set up around a project , so good news for the local community that was negatively impacted by a power station closure. Be interesting if they've even heard of it !

[danmart2] 26/5/2021 15:23

A friend is meeting with a Welsh assembly member next week, have asked her to enquire about Parys and any potential support available should AYM wish to commence mining activities.

[hyper al] 26/5/2021 11:59

benjamin15

I believe, because buyers were looking for grades over 52% nearer 55%

Do a search on this thread. All detail like value of LIM to AYM break points for ore quality, it has all been discussed


"Anglesey Mining (ISAble) a big stake in TSX:LIM"

[wassapper] 26/5/2021 09:45

Read the recent LIM report. They have decided what to mine and sell this time around. Perhaps they have better choices.

[benjamin15] 26/5/2021 09:34

I found this bit quite interesting


"In addition, LIM also holds some previously-mined stockpiles with a confirmed NI 43-101 compliant, indicated resource of approximately 3.5 million tonnes with an average grade of 49.1% Fe and an inferred resource of approximately 2.9 million tonnes with an average grade of 48.8% Fe at March 31, 2013. These stockpiles are located within 15 km of the Silver Yards processing plant and form part of LIM's Stage 1 deposits"

Why havnt these stockpiles been sold?

[hyper al] 26/5/2021 08:40

on 17 December 2012 AYM had a 19.7% stake in "associate Labrador Iron Mines Holdings Limited" I'm not sure (I can't remember) what size stake LIMH had in LIM at that time and what the share price was at that time.



People need to check their facts when talking about LIM in connection with AYM

It appears LIMH currently only holde 52% of LIM

"LIMH holds approximately 52% of the shares of LIM. LIM and its subsidiary SMI hold all of the group's mineral properties and assets."

[benjamin15] 26/5/2021 08:34

Hyper Al
Exactly, it's about time they concentrated on Parys, I mentioned it in a post the other day, Why pursue other metal Interests? when clearly they aren't progressing the one which is on our doorstep....

[hyper al] 26/5/2021 08:26

kooba

The holding dropped below 20% when the LIM share price was quite good.

Exactly,so really LIM shares are just another diversion. IMHO it makes little sense for people to invest in AYM for LIM exposure, same applies AYM investors who assign value to the LIM holdings considering the difficulty in AYM selling them. Surely if investors want too invest in LIM they would buy LIM shares.

It's about time AYM BoD concentrated on Anglesey rather than

[benjamin15] 26/5/2021 08:13

Trader
Like you say they have no control over metal prices. They really do need to increase share holders value though,

[kooba] 26/5/2021 08:02

I did see in an interview there were local market restrictions on shareholders with 20% plus selling so likely encumbered their ability to monetise the holding back then , they now have 12% through dilution so are more able to deal..except they overlap a number of directors so often will be restricted.

[trader536] 26/5/2021 07:59

How did they know it was the peak? I expect they were waiting for LIM development projects to come on stream on realise its full value, but that didn't happen due to the fall in Iron ore prices, which they have no control over.