Anglesey Mining Share Discussion Threads

[no1larafan] 16/8/2021 11:51

Just topped up twice this morning, absolute steal and exciting times ahead!

[space_dust] 16/8/2021 11:49

Remember they have equity in Labrador Iron Mines which is valued at £3.5m, makes the current £9m m/cap look farcical v a Parys Mountain NPV of £300m & rising.

The shares are so tightly held, the market seem ready to continue the re-rate, even at 10p a share the company would only be valued at £23m.

The shares are dirt cheap.

[shill10] 16/8/2021 11:40

Yep, smack - people forget they raised funds with copper 20% cheaper in January at 6p and without the new CEO - on that basis the shares should be over8p, easy doubling.

[smackeraim] 16/8/2021 11:35

Nice blue. Maybe time to head towards 6p funding

[shill10] 16/8/2021 11:34

hold on tight/buy some more, this is going above 6p within a few weeks.

[calmtrader] 16/8/2021 08:35

FYI someone just grabbed 400k

[calmtrader] 16/8/2021 08:23

Absolutely

[space_dust] 16/8/2021 07:59

The shrewd will be buying ahead of very obvious near term updates, the fact the new CEO has placed on his LinkedIn page 'watch this space' tells you all you need to know !

Anglesey is no longer a boring stock, expecting new names to appear on the BOD shortly also.

[kooba] 15/8/2021 17:38

I’m a watching …results by end Sept , I am hoping they are comprehensive in goals and a business plan on how they are to be delivered with a time plan. Be interesting if it is a go it alone strategy on Parys and whether there remains any ambition in Iron ore or a non core diversification plan.Time for action not BS.

[calmtrader] 15/8/2021 15:39

FYI in his first post on LinkedIn as CEO he said of Parys "Watch this space "

[noccer] 13/8/2021 14:19

Probably explains why LBRMF has been holding up when the ore price fell. Pellets are what the market (esp China) wants though, not lower grade direct shipping ore. The pellet premium over DSO price is handsome, just looks at Ferrexpo, now sitting on over £200m - maybe time they diversified into western europe - maybe Grangesberg, after all they are a Swiss based company.

[hyper al] 13/8/2021 08:27

Another positive iron report

[hyper al] 13/8/2021 08:18

This looks good for LIM

"Rio Tinto has disclosed that the average realised price achieved for IOC pellets, FOB Sept-Îles, in the second quarter of 2021 was US$247 per tonne, compared to US$118 per tonne in the same quarter of 2020. Based on sales as reported for the LIORC Royalty, the overall average price realized by IOC for CFS and pellets, FOB Sept-Îles, was approximately C$275 per tonne in the second quarter of 2021, compared to approximately C$143 per tonne in the second quarter of 2020 and C$226 per tonne in the first quarter of 2021. "

[kooba] 13/8/2021 08:14

JB

After a long period working in mining operations with Western Mining Corporation in Australia,

Different company…he left them 2003 and joined Hartleys and then Citi as equity analyst, left Citi for UBS 2008.

So not sure he would have had any involvement.

Did look this up when i saw “Western”; too. WMC taken over by BHP many years ago now i think.

[hyper al] 13/8/2021 08:02

from RNS 4/8/2008

"Further to the announcement on 10 April 2008 of the signature of a Term Sheet between Western Metals Limited of Perth, Western Australia and Anglesey Mining plc for the sale of the Parys Mountain Project, the company has been advised that Western Metals does not wish to proceed on the basis of that Term Sheet"

Is there any chance Jo had a connection with Western Metals Ltd during the due diligence of AYM back in 2008?

[space_dust] 13/8/2021 07:59

Looks like the CEO is a mover and shaker, gets things done, a very impressive resume.

[benjamin15] 13/8/2021 07:22

Blue day then?

[hyper al] 13/8/2021 07:14

Before making a major announcement, it's always a good idea to update your LinkedIn profile, it improves the impact of the announcement and your image in the public domain.

[hyper al] 12/8/2021 21:28

sounds bullish!

[calmtrader] 12/8/2021 21:03

He knows!!

[wassapper] 12/8/2021 17:54

Thanks kooba. Positve, succinct and bullish I would say.

I think it's true that with more drilling they will probably find new zones. The Cornish mines are turning up new finds with regularity with modern drilling.

[kooba] 12/8/2021 13:02

Nice summary too..Anglesey Mining's flagship project is the Parys Mountain Mine, located on the island of Anglesey, off the coast of North Wales. The project has an existing resource of almost 17Mt at a grade of over 2.0% CuEq. A Preliminary Economic Assessment has demonstrated strong financial returns from a 12-yr operation producing c.15-18kt CuEq with a very competitive capital intensity driven by the significant amount of existing infrastructure, freehold tenure and granted planning permission. Additionally, very limited modern exploration has been conducted providing additional upside.

[kooba] 12/8/2021 13:01

Good to see the new Ceo updated personal linkedinhttps://uk.linkedin.com/in/jo-battershill-85b49252Looks like he would be able to look after himself should there be a boardroom tussle !! : ))

[calmtrader] 11/8/2021 20:43

You're not wrong there

[benjamin15] 11/8/2021 20:27

This will have a serious rerate soon