Anglesey Mining Share Discussion Threads

[kooba] 14/11/2021 16:48

Good spot ..late November it is then

[calmtrader] 14/11/2021 15:46

Jo's on Parys Mountain https://www.linkedin.com/posts/jo-battershill-85b49252_angleseyminingplc-parysmountain-activity-6865611729414434816-qjnT

[trader465] 12/11/2021 16:06

It’s taking a bit longer than I anticipated, but nevertheless AYM will outstrip bank returns multifold over the next two years. Anything under 4p is the buy zone, they’re only just sinking the drill into what was once the worlds largest copper mine.


Look at the underlying commodity price rises, one doesn’t need to be a chartered accountant to see the potential capital gain from £10m here, hey Stupid?

[kooba] 12/11/2021 15:39

RMM lifting my spirits.

[calmtrader] 12/11/2021 15:35

Great post

[kooba] 12/11/2021 15:32

One would hope the capex and opex were very similar to PEA estimates so the price improvement should go straight to the bottom line meaning the return on investment and free cashflow are significantly enhanced…the Net Present Value should be stunning if the drilling moves more resource to indicated and that testing more modern methods can been shown to capture better ore returns.

There should be news flow into next year on Parys and Grangesberg (one gets the feeling Jo fancies this prospect even if LIM isn’t rocking his world!) Would be good to see some progress on updating any regulatory and environmental baseline work to fill in the planning gaps for Parys too during this optimisation work. We could have a highly attractive substantial fully appraised and regulatory approved copper/zinc /lead and PMs mining opportunity to fund to development or sell to the highest bidder in the second half of ‘22. Fingers crossed.

[trader465] 12/11/2021 13:40

The Parys PEA was based on copper at 281...

[trader465] 12/11/2021 11:30

"but this isn`t reflected in Aym sp"



That's exactly why I'm here 👍

[klondykejohn] 12/11/2021 09:28

Agreed trader, but this isn`t reflected in Aym share price
Once again, we see a steady drift downwards, showing lack of confidence in the BoD.
Surely the new CEO needs to rehash the board. Long overdue for new blood to be introduced.

[trader465] 12/11/2021 09:13

“Copper has continued to make steady gains over the period, hitting a 10 year high of around $4.90/lb in May and trading at over $4.00 per pound at the end of September. The current price of $4.38 per pound is 56 percent higher than the price of $2.81 per pound used in the 2021 PEA.”


“Potential revenues from a mine at Parys Mountain would also benefit from gold and silver by-products, the prices of which appear to have stabilised around the $1,750 per ounce and $23 per ounce levels respectively – these are significantly higher than the $1,459 per ounce and $16.67 per ounce used in the 2021 study”

[wisteria2] 12/11/2021 09:05

Was hoping for a bit more detail and they have started the drilling at parys mountain. having said that it doesn't say that they haven't!!
gla

wist

[pistolpete100] 12/11/2021 07:09

Another rehash if known info - nothing to do but wait for Q1 next year

[kooba] 11/11/2021 17:42

Help yourself its a buyers market.

[kooba] 11/11/2021 17:40

Not only do existing holders get diluted with no entitlement they then get to go through the death by 1000 cuts of watching the shares slide back into the market ..both these things destroy the price....but not the long term value if it is there but its all rather frustrating...especially when the market hasn't digested the last placing before they launch the next at the price which is already depressed. Who'd be a small mining investor!

[m1sterx] 11/11/2021 17:37

Lots of bashing going on here, some subtle some not - must be time to buy ready for the next uptick.

[kooba] 11/11/2021 17:35

UFO the one that Jo B joined the board recently has crashed below the placing price...problem is in small companies that so many get involved in placings just to flip it seems ..when they can't just walk away with a nice turn having diluted longer term holders they panic and dump.maybe companies need to revert to rights issues no placings removing preemption so existing holders participate...they might be better prepared to take a longer term view than the flippers.

[spacedust] 11/11/2021 16:09

Agree. Drilling to commence early November. Tbey have until Monday to confirm drilling has started. Sont be surprised if an rns lands confirming delays

[kooba] 11/11/2021 13:29

Afraid same pattern news ,placing ,loose stock, drift...annoying especially on positive metal price days but going to be the pattern until new long term buyers are tempted in which they wont be until there is some progress on drill programme and results released Q1 moving towards the feasibility study especially with this drift. Price you pay for drip feeding equity into poor hands...hope is this time it is actually going to create genuine value in defining the Parys opportunity better. Can only hope.

[klondykejohn] 11/11/2021 12:31

No news, no action on share price movement.
This won`t change until board are replaced.

[calmtrader] 11/11/2021 11:37

Disappointing share price action

[klondykejohn] 09/11/2021 17:11

He never liked the Brits
Took BP for a massive penalty.

[iglenn] 09/11/2021 14:22

I just feel he is a very clever man with humility and understanding. I like him above the others that have made it to his position.