Anglesey Mining Share Discussion Threads

[kooba] 17/9/2021 15:08

Agm coming up not sure who is on the roster but folks could always decide the chair has been there too long and make a protest vote. My shares in a SIPP , doesn't prove to be the easiest to cast votes at AGMsAh the resolutions.https://www.angleseymining.co.uk/File/50/en-GB

[kooba] 17/9/2021 15:01

Meanwhile in the world of unfunded iron ore projects things are not improving!https://www.zerohedge.com/commodities/iron-ore-futures-stumble-worst-week-ever-amid-evergrande-meltdown

[klondykejohn] 17/9/2021 09:38

What happened to the supposedly "new directors arriving in the next few week"?
Probably on the back burner, just like any movement that could herald the start of drilling or dare I say it, "pre production project"
Surely it is time to dump this board and replace with a dynamic group.
There are some exceptional people out there who could take this company forward.

[iglenn] 17/9/2021 07:50

I'm telling you now. This new CEO ain't what you think.

[klondykejohn] 16/9/2021 09:49

Hi trader. Nice to here from you again. Love your sarcastic responses to genuine questions.
Once a tosspot, always a tosspot.
Such is life. Hope you are well lol

[iglenn] 16/9/2021 08:02

Lol trader. Thought we had lost you. You've been rather quiet recently.

[iglenn] 16/9/2021 02:10

Very doubtful John, This is a gravy train in itself and I honestly dont think he or Varma have any intention whatsoever of getting this into production. Its too comfortable to just spin this along with a potentially fake estimate of "gold in them thar hills" assessment, issue some more shares and potter about til retirement after milking some more hard earned from the shareholders. Not a word from the new CEO, no share buys, in fact just a hint of another begging bowl. Xmas I'm out.

[klondykejohn] 15/9/2021 19:32

Any news anywhere?
Noticed Lim share price was dropping again today.Hovering around Usd 0.15 at the moment. I think we missed the boat on this one. Too late to get on the gravy train unless Kearney has something up his sleeve.

[kooba] 10/9/2021 12:53

Seeking Alpha interesting in setting out opportunity in LIM , i note this is before latest PEA study which showed greater potential..however rather than the $c20m suggested the restart capex is now estimated as $u65m so bit of a change there…unfortunately its that funding that is the key to all this company’s assets and many other “on paper”mining project opportunities. Without funding or any party interested in acquiring them ,these projects sit there. LIM announced they needed to raise $2.5-5m back in June this year to be able to take this project forward by meeting a list of initiatives to be able to finance the restart…sounds familiar!
In August they again confirmed they needed to raise $2.5-5m , and i think that remains the case.
The LIM shares have halved since the article and Iron ore soared and retreated and it appears the company haven’t raised a smile, as with their other assets how come nobody is interested in funding or acquiring them if they are sitting there worth $100ms..i don’t get it. But without the ability to fund projects their value is uncertain.

[hyper al] 10/9/2021 08:36

Money from this will be very helpful for Anglesey Mining

LIM Houston Project - All the details



Great for when Iron prices bounce back again, I'm not sure we should depend on that!

[hyper al] 10/9/2021 08:25

This is a good Seeking Alpha article on LIM written Jan. 27, 2021



It gives a projected value in 2022 of Canadian $3.77 per share for LIMH around $0.40 Canadian at time of weiting (Jan. 27, 2021)

currently standing at just US$0.17

[hyper al] 10/9/2021 07:48

This news will help LIM transport it's Iron

[hyper al] 10/9/2021 07:47

What is different for Anglesey Mining now, along with all other metal holders linked to the decarbonisation economy is that these metal prices will not be dropping back like before.

Parys development has always collapsed because of major swings in metal prices. This excuse has now gone.

The big boys are turning green, I don't think it will be long before they look in our direction.

The whole industry is talking sustainability and looking at battery metals, you just need to look at the majors news pages

[kooba] 10/9/2021 06:03

29th July '21New Director Nominations'We are currently discussing with two other senior minerals industry professionals regarding taking on the role of non-executive director. We would hope to finalise these discussions in the next few weeks and will make an announcement at the appropriate time.'Waiting.

[smackeraim] 09/9/2021 22:03

I've never read so much negativity on a board. Give your heads a shake and give the guy a chance. He's not some inexperienced idiot. Anyone would think you're purposely bashing it?--All of the commodities available for extraction at Parys Mountain are critical to the supply chain for the global push of decarbonisation and electrification of the economy and will remain in strong demand over the coming decades. Given that the green economy cannot be advanced without the extractive industries, we will maintain a continued focus on the sustainable development of our resource projects with the use of appropriate environmentally friendly solutions where possible. We also believe the development of our projects will enable the shortening of global supply chains with the commensurate reductions in carbon emissions - particularly the high-grade iron ore concentrate that will be produced from the Grängesberg iron ore project in Sweden

[klondykejohn] 09/9/2021 16:11

As you say kooba, no shareholding by anu of the old board members.
Sad that Juno hold 30% as that is the knot that needs unravelling, sooner, rather than later.
70% of shares held by institutions and small investors. Why haven`t the bigger players said something in the last few years.
Maybe they have, but if not, then now is the time to act and remove these non proactive directors and give the new CEO the opportunity of putting a fresh board in place.
The share price would certainly go up.

[kooba] 09/9/2021 11:21

Hooley moving from long term CEO to a new role as non -executive Deputy Chair does not bode well in this respect.The Chair has been on the board for 25 years and has been Chair for most on them. Holds not a single share.The senior "independent" director has been on the board for 20 years...there is zero independence in that case. Holds not a single share.

[kooba] 09/9/2021 11:10

Hoping Jo is a catalyst for change on this shambles..be interesting if he puts his own money in as well as option freebies…would be a positive sign, he must have been a small shareholder before appointment as has 20 odd thousand shares.

With such a small market cap and access to only equity funding for the work plans there will be a lot more paper around soon..if it all makes sense and has some realistic timetables to deliver progress and has a funded business model then fine. But all the connected party BS has to go the old guard has done nothing to further the company’s interests and there needs to be a clear out.

[klondykejohn] 09/9/2021 10:40

Same, old , same old, people.
Create a few new shares each year in each of the companies, just enough to do a very small amount of work, but also give the directors a share bonus.
Sell their shares a few weeks after creation to give a tidy little earner each year.
End result, board are happily enriched for doing sweet nothing, but gradually, no. of shares in issue rising rather stealthily.
Just how many shares have been created in both Lim and Aym in the last 7 years? and how has that money been used. Certainly not to pay down debt.
Need a new board and Kearney should review his own position as well.
He must be looking over his shoulder by now.

[kooba] 09/9/2021 10:40

Not impossible Mining Developments make a move but they have sat back with a guy on the board for years and left the guys that floated it and then went down the toilet in charge so not sure why you think they will suddenly be offering big premiums?LIM dont seem to know they even have a holding ! but they say Anglesey own 15%..Anglesey say they own 12%..same board basically.http://www.labradorironmines.ca/invest_share_information.php

[calmtrader] 09/9/2021 10:13

Don't forget Gerald own a huge %