Anglesey Mining Share Discussion Threads

[trader465] 18/11/2021 11:51

Downtrend?

The price has hardly moved in 8 months

[kooba] 18/11/2021 11:43

Well I'm not so much a chartist and I'm not so convinced they work well on small CO's where fundraises and news dominates but the company raised good money at 3.4p where the new CEO put in a reasonable amount so I'm thinking there should be good support around 3.5p..I'm certainly looking to add around there.Confirmation next week? That the diamond drill work at Parys is starting up might get some interest but likely to be much more sustained interest once the drill results start coming through next Quarter.There will also be the Grangesberg Iron project PEA in the new year which could look interesting on paper.Key is once these optimisation works are done is the new CEO a guy that can get deals done, funding or monetising ...i think he has a much better skill set than the company has had before so here's hoping.

[klondykejohn] 18/11/2021 11:33

The downward trend continues.
We need some positive news to give us a head of steam.
Can the board deliver ???

[kooba] 17/11/2021 11:47

Links always helphttps://www.dailypost.co.uk/news/north-wales-news/test-drilling-set-restart-anglesey-22167211Prefer to accept Mr Battershill's own copy from 3 days ago. In LinkedIn."On site at Parys Mountain getting everything prepped for the arrival of the diamond drilling rig (fingers crossed it arrives next week). The first drilling programme at this iconic site for over a decade. "

[trader465] 17/11/2021 11:36

“A drill rig has been installed at an Anglesey copper mine and test drilling is set to restart.

The work at Anglesey Mining PLC's Mynydd Parys site near Amlwch, once the biggest copper producer in the world, follows the company’s recent fundraising.”

[...]

[kooba] 17/11/2021 10:15

Company doing the work..most likely the geographically closest choice of suitable contractors...logistical issues are not all about the EU.http://www.irishdrilling.ie/So all sounds right and with Jo's linkedin all joins up.

[broken_arrow1] 17/11/2021 09:04

Looks like there is around £15,000 of stock on offer but once taken the quote goes to 4.17p.

[spacedust] 16/11/2021 10:07

Copper prices goes up. Aym goes down
Now copper prices are down this month. Aym down.

[kooba] 16/11/2021 09:17

Will take some more here but ideally seeing the flippers cleared with as little turn to them as possible..i think around 3.5p there could be some solid two way and clear out any overhang unfortunately the spread does not help business.

[kooba] 16/11/2021 09:13

Crypto down gold up ..inflation hedges take your bets.Gold and silver myself as a dinosaur just cant get my head around the crypto thang unfortunately ..can see a strong basis for value on PMs over thousands of years..on Crypto just seems a greater fools play with no intrinsic value...but hell they said that about Tulips.

[iglenn] 16/11/2021 08:58

Kooba, Gold did in fact completely reverse, stopped me out and has now broken north of the ascending triangle. I'll go long on next bar lol.

[space_dust] 16/11/2021 08:29

Taken a few more this morning - the CEO has been active on Linkedin, the 1st drilling about to commence on Parys Mountain for a decade.

[iglenn] 16/11/2021 08:06

Absolutely Kooba...but they dont always break north. Gold has broken south this morning in exactly the same pattern and I am currently running a short on it. I use a 130 day Bollinger Band to confirm movements. All that said, I'm no professional and markets have a way of turning on you despite best research. Its all a game of probability.

They are however usually a bullish pattern and combined with some good news can propel us back higher, maybe as high as 7p...Lets keep our fingers crossed. Calm's find of Jo posting on LinkedIn bodes really well...he appears very prepared to put his name to this which is also a good sign of his confidence.

[kooba] 16/11/2021 07:56

Thanks iglenn..a relatively bullish pattern while it holds..very bullish if breaks out to the upside…no so much the other way!

For novice chartist like me

[iglenn] 16/11/2021 06:28

Very true Space and good luck. I've attached the following basic chart and before Trader jumps all over it I will make the following qualifications. I only usually use MT4 for trading as the charts are so much easier to read, form and understand and the indicators are better. For consistency of the charts posted by myself and Trader I have included the ATR indicator...which is NOT a trend indicator but used to form Stop Loss levels based on volatility..it will however indicate and hopefully confirm a potential breakout of the ascending triangle we are in which I have drawn. IF we break above the triangle when news is released and the ATR rises from its current low levels (bottom of chart) then we could be in for a strong run north. I would certainly add more at that time.
All my own opinion and based purely on TA. I trade commodities for a living and make decisions based on chart analysis.


free stock charts from uk.advfn.com

[space_dust] 15/11/2021 20:39

Took some towards the close, it's bottom of the long standing trading range at the moment.

[kooba] 15/11/2021 20:35

Me too ..I will increase here though if they get close to the placing price, certainly would want to go into next year with a few more tucked away.

[nickthe saint] 15/11/2021 19:08

Thankfully I have a bigger chunk in RMM than here Kooba!!

[kooba] 15/11/2021 16:27

RMM still taking the edge off !

[calmtrader] 14/11/2021 18:16

Well the green revolution doesn't happen without Copper and what's better than getting it on your own doorstep

[kooba] 14/11/2021 18:07

Should think the weathers lovely there this time of year..though having just watched Wales Fiji match being a welsh supporter it looks better in Cardiff than it is where i am!The go ahead last week for funding for Rolls Royce small reactors could be good for Anglesey and power generation on the island for mining operations?https://www.northwaleschronicle.co.uk/news/19497137.rolls-royce-delegation-tour-potential-small-modular-reactor-sites-anglesey/Rolls-Royce gets funding to develop mini nuclear reactors https://www.bbc.co.uk/news/business-59212983

[calmtrader] 14/11/2021 17:06

Jo's not standing still