Anglesey Mining Share Discussion Threads

[herpes free now] 23/11/2022 13:21

All buys today, hopefully the price will now rise from these ridiculous lows.

Reading through the AGM statement again there doesn’t seem to be any news due except the same old “ongoing metallurgy test work” and “ongoing permitting processes”.

Jo keeps banging on about how advanced the Parys mountain project is. If so why has this “ongoing”; work been ongoing for over 12 months with no end insight?

I read an article a few weeks ago about UK mine permitting, the article suggested the permitting process take just 6-12 months.

Get well soon trader, all the best.

[bodgit] 23/11/2022 11:28

trader465, best wishes for a speedy recovery from me too.

[mininglamp] 23/11/2022 10:18

Anglesey Council are applying for Freeport status at Holyhead, now on Sky News, talks about economic benefits to the area etc.

Surely a positive for AYM is it happens.


BTW hope you get well soon trader, good luck.

[eriktherock] 23/11/2022 08:12

trader, recovery follows "failure". Get well.

[sos100] 23/11/2022 08:08

omg ...sorry to hear that

focus on getting better

[pistolpete100] 23/11/2022 08:07

All the best to you trader...

[trader465] 23/11/2022 08:00

SOS100 - I’m still here, not posted much of late due to being in the hospital with kidney failure. Let’s hope Jo gets his skates on before it’s too late for even more of us

[ryanrhys1] 23/11/2022 06:35

Parts mountain - you won't get copper price just the concentrate price refineries give minus transport costs which I'm not sure if the nearest one is across the channel in Europe via train or boat.

The costs of expenditure to start production seem past realistic and I'm afraid my opinion is just another lifestyle company that would need a miracle!?

My last post clearly it's beyond their capabilities and finance!?

[benjamin15] 22/11/2022 19:42

Going to need a lot of iron ore for that.....

[bodgit] 22/11/2022 17:28

calmtrader, thanks for the correction of the Beowulf mine name. I had taken the name Gallok from the newspaper article, it was from the Grauniad after all!

My thinking is that IF the delays to the Kallak mine continue, then maybe, just maybe the AYM Grangesburg site will light up on the Swedish Government's radar more brightly. If they are intent on producing green steel, as it seems they are, then surely our mothballed mine becomes rather more interesting, and valuable? Whatdayafink.... Gla.

[calmtrader] 22/11/2022 16:53

We are nowhere near Kallak and to give you an idea of Grängesberg value we have a $ EV/t of 0.06. Vs Kallak 0.52.

[eriktherock] 22/11/2022 16:46

"it's a stinking buy." sub 2p

[m1sterx] 22/11/2022 16:24

All the makings of some scumbag broker forward selling the next fundraise, it's been going on a while now.

The comments concerning Jo Battershill may seem harsh but also appear accurate, the litmus test will come shortly, will he place stock at current levels or not, does he care about existing equity holders?

If you think he does it's a stinking buy.

[eriktherock] 22/11/2022 16:06

I've been sniffing around AYM for a while. Sub 2.2p was my planned entry. I've done well.
Parys Mountain, not the racehorse, looks like it will never be developed and thereby realize it's intrinsic value. Unless, of course, Northern Dynasty or similar would add the stimulus and expertise necessary. We'll see. Assuming we don't all die beforehand.

[eriktherock] 22/11/2022 15:42

Bought @ 1.9p

[bodgit] 22/11/2022 15:39

I note in a newspaper article today that Beowulf have run into problems at their Gallock mine site as the Greta Thunberg Foundation have donated 2 million Swedish krona to the Sami community to continue to resist the mine development.

I wonder how this might affect the Grangesburg site, which afaik is a long way away from the proposed Gallock mine? Gla

Here is the article

[sos100] 22/11/2022 09:58

wonder what happened to trader....he had targets(at the time i thought reasonable) of 15p+

[herpes free now] 22/11/2022 06:49

MrMcnee the amount Jo Battershill has trousered from UFO shareholders is $174,000, $29,000 of which was paid BEFORE his appointment. Any ideas why such a payment would be made before appointment?

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[djb3] 21/11/2022 22:49

But where is the positive news? That can be said about any share, but only news you're likely to see in this company is a further issue of equity. Trader has stated he has 1.6% in this company no wonder he's stopped pumping. Where is this buyout he mentioned couple of weeks back...

[mininglamp] 21/11/2022 21:08

Broker coverage from WH Ireland this month offered a target price of 11p a share.

It is well worth listening to the interview linked above, he talks about various funding routes including off takes and mentions last year's Mines and Money when he said he received lots of interest on the topic, he will be at the same place in a few weeks time.

ANY positive news here and the shares will fly.

[pistolpete100] 21/11/2022 20:53

Looking at the track record of progress it absolutely is a gamble - but I think it's really looking like an attractive one for many - I guess one way of looking at it is if a suitor came into buy - they'd be paying a lot more than £5M

[kennyp52] 21/11/2022 20:28

Slow death ? £5m MCAP now . Sounds like a CEO that just wants some pocket money going from other posts here . Very much a gamble .

[mrmcnee] 21/11/2022 20:18

Have located the interview about his other roles, look how he squirms when asked if he will give them up for AYM, he was clearly taken aback - seemed very unsettled answering, he said he would but still remains at Silver Mines and UFO.

At 1 hour 30 mins exactly is when Sarah Lowther asks the pointed question, in January this year.

[mrmcnee] 21/11/2022 19:49

The problem here is they have appointed a CEO who has no qualms in heading to the nearest bucket shop broker to place stock at ever more penal rates. It appears he has no interest in the retail shareholders, he implied as much when he ridiculed them in an early interview.

Sarah Lowther of Proactive asked if he was going to resign his 3 other non-executive roles including at AIM listed UFO. He said he would but has only resigned from Black Dragon, he trousers $75,000 from Silver Mines and $38,000 from Alien (UFO) and gets at least £120,000 from Anglesey.

Jo may appear a chirpy fellow and full of beans but he is also coining in a nice wedge without doing much in the process, in the meantime AYM shareholders are slowly seeing their investment destroyed.

It is way past time he was tackled on the above issues.