Anglesey Mining Share Discussion Threads

[anti corruption] 22/7/2021 10:27

Oh you must be related to dave4545

[klondykejohn] 22/7/2021 09:53

This stock is going nowhere.
No announcements in 6 months from the board.
People are hanging on to shares because they are losing thousands if they sell now.
I hope that the shares get back up to 7p, but do you really see a massive spike beyond that?
The only way there will be a rise is if a decent miner comes along and buys this company out.
Other mining stocks have shown recent rises whilst we have decreased.
There is something basically wrong here.
I believe the board lie at the heart of the problem.
They need to resign and should be replaced with some dynamic people.

[space_dust] 22/7/2021 09:46

It's moving fast and hard behind the scenes - only 25,000 on offer then they want 3.60p and 5.9p for 1m !!

[space_dust] 22/7/2021 09:38

Can see this getting back to 6p or 7p where it was trading before the sector meltdown.

Must be one of the cheapest copper plays on the market right now + news is well overdue.

[broken_arrow1] 22/7/2021 09:13

There are only 25,000 available at 3.4p then they want 3.47p for anything above.

Limits on a stock like this move in a flash, look at that huge spike in January on the chart above.

[mininglamp] 22/7/2021 09:08

This is valued at only 2% of the current £175m NPV at Parys Mountain, is copper in demand, what do you think.

Buying for a reason

[mrmcnee] 22/7/2021 08:20

Bought more yesterday, can see a decent move coming, there is no stock available, expecting a technical re-rate.

[space_dust] 22/7/2021 08:07

Nothing available online, looks like this is about to move up, when AYM moves it really motors.

Massively oversold.

[mininglamp] 22/7/2021 07:55

Buying into Anglesey now is like visiting Harrods where a prize gold ingot is on sale for only 5% of it's true value.

Those buys late PM yesterday were for a reason, shrewd indeed.

[calmtrader] 22/7/2021 07:06

Exactly right..

[mininglamp] 21/7/2021 21:47

A stock like this can rise exponentially on rumour, news, speculation, increased volume or simple market mechanics.

Those buys today were for a reason.

[klondykejohn] 21/7/2021 21:17

You are right.
Isn`t it supposed to be millions of tons?
At todays market prices, this should be their quickest route to finance any further development.

[benjamin15] 21/7/2021 18:16

They have tonnes stockpiled at a lower grade, why hasn't that been shifted?

[noccer] 21/7/2021 18:06

Hi Al,

Labrador Iron Mines Holdings is traded in the OTC market as LBRMF (20 US cents last time I looked). They may go back to a proper TSX listing if they can find a way to exploit the Houston deposit. SMI is a wholly owned subsidiary arranged to operate in the state of Quebec, so don't worry about that.

Their annual report was posted on SEDAR in June, and it seems they are attempting to get things in place to try for construction financing in 2022. So far this has not done much for the share price.

"LIM plans to further advance development of the Houston Project through a number of near term initiatives, as follows.

(i) Complete metallurgical test work of drill core collected from the Houston Project in a 2013 bulk sample, which is currently in storage. Results of the test work will be used to refine the product specifications and process flowsheet assumed in the PEA. Among other things, this analysis will yield important product characterization information which could be helpful in marketing the product.

(ii) Complete a trade-off study on use of LIM’s Redmond property rail right-of-way for the Houston Project’s rail loading operations. Although a longer truck haul is required (approximately 1.5 km greater), the Redmond property rail right-of-way was formerly used for loading iron ore trains (by IOC) and includes an existing rail bed with a rail loop at the end to turnaround, versus the current proposed Houston rail siding operation, which requires the train to be split multiple times.

(iii) Update the surface water management plan for the mine site based on the proposed localized handling and treatment of surface contact water.

(iv) Reactivate all necessary regulatory permits and approvals for construction.

(v) Continue engagement with adjacent First Nations communities.

(vi) Advance commercial negotiations with construction contractors, equipment vendors, rail, port and logistics counterparties.

(vii) Further refine the environmental and health and safety plans.

(viii) Further develop the human resources and recruitment plans.

(ix) Complete an off-take contract, including construction financing and product

sale components."

There's a lot to be done before they cam move a single ton of iron ore. But maybe there will be a chance to flog the AYM share to someone before then.

Steve

[hyper al] 21/7/2021 17:12

Noccar

Concerning Labrador, look at what AYM have shares in. It's 'Labrador Iron Mines Holdings Limited'(is that LIMH?) and AYM have a 12% stake. see

Now look at "LIMH holds approximately 52% of the shares of LIM" In addition this link states

"Schefferville Mines Inc.
SMI is a wholly-owned subsidiary of LIM. SMI holds all of the group's mineral properties and assets in the Province of Quebec."

[calmtrader] 21/7/2021 14:56

A few buyers around!!

[noccer] 21/7/2021 14:26

With record high iron ore prices, if AYM's interest in Grangesberg and Labrador is worth anything at all, then its about time to extract some value. Maybe they are actually worth nothing.

The FT made a case for sustained high iron ore prices, saying miners were struggling to boost output, plus Port Hedland is to go through 3 months maintenance.
Vale having issues restarting several iron ore projects.
Anglo American are trimming their output expectations due to weather and rail transport issues.

[shill10] 21/7/2021 13:33

spot on kermat

[kermat] 21/7/2021 13:02

The price won't rise until the board have arranged their next batch of options. Then expect the news to come in.

[klondykejohn] 21/7/2021 09:58

more like a nightmare

[wandano1] 20/7/2021 16:25

Dream along with me.

[jbennett] 20/7/2021 12:39

Much needed sector rebound. But you can always rely on good old AYM to buck the trend.

[danmart2] 16/7/2021 22:11

Welsh assembly and assembly members will happily reply to emails about Parys mountain and it’s potential including their support for the project.
The only thing lacking is some initiative from the board of directors.

[broken_arrow1] 16/7/2021 08:50

Something seems to be going on in the background, this is well above normal market size but IG want 5p a share on 550,000 shares, a few £3k buys and this is where the stock is heading.

No wonder the share price chart has a number of outstanding spikes on it, when will the next one occur?