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Share Name Share Symbol Market Type Share ISIN Share Description
Anglesey Mining Plc LSE:AYM London Ordinary Share GB0000320472 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.09 2.0% 4.59 4.20 4.40 4.50 4.30 4.50 988,663 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.3 -0.2 - 10

Anglesey Mining Share Discussion Threads

Showing 26301 to 26322 of 26975 messages
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DateSubjectAuthorDiscuss
01/8/2021
21:45
The problem is a basic one. Too many fingers in too many pies. Grangesburg and Lim, along with AYM are all seperate companies with no direct links other than the same mabagement team and a 6% stake in LIM overall and 20% in Grangesburg with an option to buy another 50% One management team cannot manage 3 companies. Anyone in business will tell you that you will spread yourself too thinly and lose sight of your objectives. We need to concentrate on Aym. This is our name, not Lim or Grangesburg. The answer, surely is to either put new management teams into each company, or divest ourselves of both LIM and Grangesburg involvement. I am for the latter option. To suggest Lim will be operational within the next 18 months is very optimistic. Sell the shares, and do more exploration in Anglesey. We will have to create a hell of a lot of new shares IMHO in order to reduce the cost of a production loan. No lender will give you 100% loan funding. You need money in the bank and we do not have any. So, can we go into production? Probably not. I may be completely off the mark here but finishing the Micon proposals should consolidate the mineral deposits. This will put value into the company and hopefully the share price will rise. Maybe I am a doomster here, but the only way that we will get a return on investment is if a big player comes in and buys us out. Sorry guys, can somebody please tell me that I am completely wrong.
klondykejohn
01/8/2021
11:52
Https://www.cleanenergywire.org/factsheets/electric-highways-offer-most-efficient-path-decarbonise-trucks
trader465
01/8/2021
08:53
UK demand will undoubtedly pick up with the build up of EV industry in UK unfortunately the concentrates produced on site would need to go to Europe for smelting and refining first so the logistics not quite that simple from what i understand. Whether the Parys production would warrant a UK based refining facility might be a factor..no idea of the economics. Zinc may also come into play in the electric revolution so got that base covered. https://energy.economictimes.indiatimes.com/news/power/opinion-are-zinc-based-batteries-the-future-of-electric-vehicles/84894607
kooba
01/8/2021
03:01
Amazon-backed electric car pioneer Rivian mulls factory near Bristol ------------------------------------------------------------------ Huge demand for copper being potentially built very close to Anglesey. Now is the right time, lets hope this new CEO can get this moving as demand hots up.
iglenn
31/7/2021
17:16
exactly Smack - its that simple - market cap is tiny c w the upside, this will reprice quickly once the stale holders sell out, I expect 10p before year, perhaps 15p, this is still sub £30 mill, crazy.
shill10
31/7/2021
15:28
Whether copper prices continue up, go sideways or go down slightly is of no significance just now. Fact is, there's a new fresh Ceo with a track record ready to do something with an asset in the UK, that's for so long promised much and never delivered. Hold on to your hats - it's still sub £10m cap.
smackeraim
31/7/2021
07:26
Kermat. Do yourself the favour of quitting the fixation on what happened in the past and judging the likelihood of future events upon it. Those days are gone and we live in different times, a 'New Normal' if you will. My own take, FWIW, is that the good old days of predictable cycles of boom and bust are gone - possibly to be replaced by one long, extended bust..! That said, anything may be possible in the unprecedented era we're embarking upon, so one should prepare to expect the unpredictable - apart from the given certainty that, in the face of a continued monopolistic reliance on the moribund US dollar (or any 'fiat' currency) the price of tangible assets and ALL commodities will rise, including that of copper. Edit: in Dollar terms...
linz22
30/7/2021
20:18
This be going back up next week by the looks of it...
benjamin15
30/7/2021
14:25
Future potential for substitutionIncreased adoption of electric vehicles (EVs) are expected to make a significant impact on copper demand from the mid-2020s onwards. EVs are estimated to use two to four times as much copper compared to conventional combustion vehicles. While research has been conducted into replacing copper with aluminum in lithium-ion batteries currently used in EVs, they have been unsuccessful because lithium alloys to aluminum at low temperatures. According to Na Jia, a technology analyst at IDTechEx, there is currently no alternative for copper in lithium-ion batteries as "Other metals are either too expensive or too heavy." https://miningir.com/low-potential-for-copper-substitution/
kooba
30/7/2021
13:56
trader, While I agree with your points re copper demand, previous experience has taught not to rely on prices staying high indefinitely. Things do change over time - new mines, new technologies that reduce reliance on a specific expensive commodity. If the copper price is high, there is an incentive to open new mines and an incentive to use other lower cost materials, where possible. This is how supply/demand works and why there have been many metal price cycles over the years and it would be foolish to assume prices will not (at some point) fall again.
kermat
30/7/2021
13:20
Appointing a broker with mining credentials , a fund raise securing finance to cover the feasibility work and an option award for new CEO before they will want to talk this up too much. I reckon new ceo will likely want to invest (I hope) and get friends and family on board ..after that they can wheel out the scale and value of the opportunity and some very big numbers with some broker research. Be disappointing if any fundraise was at a discount to current levels but not impossible as new CEO is somewhat incentivised to get new holders in at a low level.
kooba
30/7/2021
12:49
early tree shake to panic those scared of their own shadow, now positive on the day, expect strength into the close and positive weekend press.
shill10
30/7/2021
12:41
maybe we will become a shell company moving on to bigger things. Maybe the CEO is thinking outside the box. Who knows,but exciting times ahead!
hyper al
30/7/2021
12:35
Not impossible but I see that as a long shot ..any financing of the $100m I reckon will lead to significant dilution and having creditors can also be an issue if there are problems in development. Much tidier lining up the ducks and selling it imho.Not sure where that leaves the Iron interests ?
kooba
30/7/2021
12:29
Anglesey have effective control of the LIM board (3 directors inc Chair) so are well inside , this leads to a conflicted and restricted position with what Anglesey can do. Unfortunately LIM also needs a management injection if it seriously wants to raise the funds to get back into production. Since the holding is still significant in terms of Anglesey assets let's hope Jo has a cunning plan there too!
kooba
30/7/2021
12:24
kooba Maybe the funding will come via an offtake agreement for the production.
hyper al
30/7/2021
12:23
It would be good if LIM perked up, we could then sell our stake to help funding towards mine production in Anglesey. I really would like the board to concentrate on Anglesey and getting the mine back in operation and maybe locating additional ore deposits in the surrounding area. Sell off all the other assets.
hyper al
30/7/2021
12:19
It might well be that new CEO has seen the opportunity to tidy things up maximise the reserves , find a buyer and monetise the show ? Would probably be more beneficial to the small outstanding equity than trying for a huge equity raise to develop it themselves. Or maybe partnership deal like a farm in for free carry and royalty share?Could be a significant sized spade ready opportunity for a mid cap mining company within 12 months?
kooba
30/7/2021
12:18
Copper will remain high. I hope Zinc does as well as it will help cover the cost of getting down to the more valuable copper.
hyper al
30/7/2021
12:14
"while metal prices remain high" Kermat - Why would you expect the copper price to fall? Sure there'll be the expected 10/20% pullbacks, but high copper prices are here to stay. The U.K. will stop selling new diesel and petrol cars and vans from 2030, conventional cars have 18-49 pounds of copper, hybrid electric vehicles (HEV) contain approximately 85 pounds, there's going to be huge demand for copper going forward.
trader465
30/7/2021
12:06
Hopefully we will see an RNS soon confirming commencement of drilling into the White Rock. The White Rock zone is Zinc rich and nearer surface than the copper Engine Zone. I believe the idea is to drive into the White Rock to reach the deeper Engine Zone. They will eventually connect to the disused shaft which I believe will be used for ventialtion. So high Zinc price is quite useful,
hyper al
30/7/2021
12:05
smackeraim - probably to sort out some options before doing anything else that might raise the price! Seriously though, I do hope the new board are more focussed on developing (or selling) the assets while metal prices remain high. Would be good to hear more of Grangemouth - I think that can be up and running before Parys given the right finances.
kermat
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