Anglesey Mining Share Discussion Threads

[space_dust] 11/7/2021 19:23

To put things into some perspective AYM is valued at a mere fraction of many junior miners, I see some explorers with no resource, no JORC, valued at £10m - £15m - £20m+

The market cap of AYM is under £8m yet they have 5.2m tonnes of copper & associated metals at Parys Mountain alone, their 12% stake in Labrador Iron Mines is worth circa £4m. That Parys Mountain resource only valued at £4m ?????

Buy and wait for the inevitable upside, even at 10p a share they would only be valued at £22m !

[kooba] 11/7/2021 15:05

I'm expecting a 'it's a go' and 'we will be going out to raise the $100m soon...and will be producing relatively soon after that soon has arrived' ...obviously that is after some more appraisal work by a friend of a friend and issuing some more options now the shares have faded...all good.

[mrmcnee] 11/7/2021 15:04

kooba

Many thanks for the heads up on the expected results date, I noticed the results appeared in late July in the last 5 years except 2020 when they appeared in September.

Looking around I see a few investors have consulted Anglesey, from their replies it does seem the update could be sooner than later therefore.

There has always been a run up in the share price ahead of news, let us see how tomorrow goes, the last 2 spikes in price, in Q4 and then in Q1, have been exceptionally powerful, both in anticipation of updates.

[benjamin15] 11/7/2021 14:07

I'm expecting a no progress bit of news with the odd carrot thrown in to keep the interest alive in a piece of well studied rock..

[kooba] 11/7/2021 12:58

Results will be sooner than Sept, I'm expecting them before the end of this month I'm also expecting an update with the results not just because companies update with the results but because they said they would in the recent rns!Hope your investment is successful and your faith in the management is rewarded meanwhile if you could chase the shares back up it would be appreciated.

[klondykejohn] 10/7/2021 08:08

Space-dust, I applaud your enthuisiasm over the potential of a possible take over bid for any of the projects, but AYM is only in control of Parys although it manages the Swedish site and is not therefore directly able to conclude a deal if one ever materialises.
It suggests to me that the BoD are putting too much spin on both Grangesburg and Labrador as opposed to concentrating on Parys.
Micon said that more drilling is required at Parys.
Why is this not happening?

A good BoD will always own shares in the company they manage.
This board give themselves timely warrants then sell almost immediately.
IMHO, if the company was worth a lick, they would hang on to their freebies for longer than 6 weeks.
Do they have faith in future development, or are they using this company as a means to get their annual pocket money?
Where has the last placing money from January gone?
Why can`t the board just post some updates,good or bad.
From most posts here, it seems that there is definataly a concern about this board.
It wouldn`t surprise me one bit that a next AGM could be attended by a group of disatisfied shareholders.
Watch this space.

[eriktherock] 09/7/2021 16:27

well, I genuinely hope you're right with your prediction spacedust.

[space_dust] 09/7/2021 16:19

Clear trend reversal today, buy the lows, in May this was 5p, upside can be parabolic on the right news, remember 3p to 14p in 2 days last year !

[eriktherock] 09/7/2021 16:10

from a technical analysis perspective ? ...... you're joking.

[broken_arrow1] 09/7/2021 16:01

If this closes above 3.15p the double bottom is confirmed on the chart, it will be a clear buy signal.

[kooba] 09/7/2021 15:47

They tended to have a decent run ahead of the interims early Dec ..which as always were upbeat...not looking so strong at the moment, but we may see some knowledgeable buying i guess..problem is positive talk here now gets sold...needs action.

[kooba] 09/7/2021 15:42

True all the warrants and now board options all exercised....and sold.

[broken_arrow1] 09/7/2021 15:41

Another positive from a trading perspective is there are no outstanding warrants to flip and the last placing was at 6.6p so it does seem a 'clean' trade.

Many AIM stocks have hidden warrants that folk forget about, buying above their strike price simply puts money in warrant holders pockets, not so here.

[wassapper] 09/7/2021 15:32

AYM results due soon and announcement on Parys funding progress. Not a time to be out of this. Could treble in an instant.

[kooba] 09/7/2021 15:14

Copper zinc and iron all having a good day all up 2% having had a better week...so its surprising why they are down again isn't it as they are clearly a pure metals play.

[kooba] 09/7/2021 15:11

Excellent and theres me thinking they're in a down trend with no clear support here at all..so all is well phew.

[broken_arrow1] 09/7/2021 15:00

From a technical perspective this looks quite interesting, the RSI has only been this low one time before in the last 18 months, the shares then rallied 50% thereafter.

There is also a double bottom on the candlestick chart, on 1st April the shares hit 3.15p and moved to 5p by early May.

It looks like a good time for a trade.

[kooba] 09/7/2021 14:48

Anyone able to paint a positive on the chart..looks rather dire to me.

[kooba] 09/7/2021 13:39

Think everyone starts off with that kind of enthusiasm thinking they have found some overlooked gold in Anglesey but on closer inspection is it just pyrite.

[eriktherock] 09/7/2021 12:57

spacedust
"It seems the lunatics have taken over this bulletin board,"
Just listen to yourself in your four posts above mate.

[space_dust] 09/7/2021 11:46

#AYM Grangesberg Look at the resources here WOW. We own 20% with an option to take another 51% so 71% we will own. Last placing was at 6.60p in January. We should be trading 15p to 20p minimum. #AYM

[space_dust] 09/7/2021 11:40

Metal prices flying much higher. Small cap miners should be flying higher. If they aren’t then that’s where the money is to be made buying in before they move. One of my favourites is #AYM at these levels. Parrys alone worth £1.5 Billion now. Add in Labrador stake & Grangesberg

[space_dust] 09/7/2021 11:38

#AYM they could get a takeover bid 4 any 1 of their projects at anytime. Parrys is now a prime takeover candidate with it being in the UK where we are seeing factories built soon for electric vehicle batteries. Copper is a major component in EVs used in electric motors,batteries