Anglesey Mining Share Discussion Threads

[danmart2] 12/1/2023 07:22

The risk (depends on your exit point) is AYM are now prime for a takeover.

A company with 2 locations in mainland Europe with proven resource.
You could buy AYM, push Grängesberg into production and sell of Parys land for more than the current market cap.

[calmtrader] 12/1/2023 07:16

Absolutely

[kooba] 12/1/2023 07:14

Interesting..consolidating ownership with the vendor taking Anglesey paper at 3p and locked in for 12 months. Gives Anglesey a much greater incentive to now push this forward and look to find a local partner. Talk of additional valuable metals including rare earths also positive. Hope Jo does a interview on this as it could extrapolate more on plans. We now own c50% of an assets with NPV Of $100Ms..Everything to play for and little in the current valuation.

[pistolpete100] 12/1/2023 07:13

On superficial readi mg this looks like a good deal for us - and it's good to see progress here - also explains the share activity over the last number of days! - hopefully this is seen positively by the market

[danmart2] 12/1/2023 07:12

The Grängesberg button has been pressed

A decent RNS on first glance but I need to work out the full implications of the deal, I will read it again and do the maths

[calmtrader] 12/1/2023 07:11

Wow brilliant news this really is a fantastic asset and hopefully people will wake up to what we have here..let the re-rate begin!!

[klondykejohn] 11/1/2023 18:47

You are correct about JK as he bought shares last year. I think he felt guilty about some comments that were being made on this site about the lack of director ownership of shares.
Juno is a shareholder in its own right.but Varma himself does not own any shares, nor do the other directors.

[klondykejohn] 11/1/2023 15:30

The directors did not own any shares apart from Joe.
Shows their faith in this company as a going concern.

[sos100] 11/1/2023 14:06

not sure where you get your information from but if you want to buy then it's really not that difficult....

i just did a dummy 300,000 trade and got price online.....

[broken_arrow1] 11/1/2023 08:46

It looks like stock has become hard to acquire again, most online brokers are 'at best' on small quantities.

IG seem to have £5k available but their quotes move around, my best bet is the overhang has cleared.

[bodgit] 10/1/2023 17:37

RNS of 28 November 2022 said - "We are currently working on the resource update for the White Rock and Engine Zone, which is expected to be complete over the next six weeks."

That suggests we should get some resource update news this or allowing for a minor slippage, maybe next week?

Grangesburg option expires July this year. News long before then on that would be welcome too. I still see that as likely to be the biggest boost to the share price in the shprt term.

As for LIM, hmmmm. Any thoughts other than sell the holding? Gla.

[kooba] 10/1/2023 17:14

Thanks for the advise i didn't ask for. I am very aware of the financial situation of the company and the various ways that Parys could be progressed on a much shorter timetable. I am also aware that other projects could be sold on to focus on Parys. As for the fundamentals on copper I think your 20 year timescale for copper running dry is a good 10-15 years too long.Chin chin

[klondykejohn] 10/1/2023 14:56

I think you are being very very optimistic in your assessment Kooba.
The cu price may well go up, but the only way that the share price will rise is if massive investment happens, either through Labrador or Grangesburg getting into production, releasing monies to plough into Parys or a big investor coming on board.
This may happen, but sinter production is at least a year down the line.
A JV or Govt` loan may happen, but unless you change the board and bring in younger new blood then I am of the mind to feel depressed about anything happening at Parys within the next five years minimum.
Hang on to your shares for at least 20 years as Cu will be running low by then. Somebody might even take a gamble here and buy the company out.
At just over 2p. per share, who knows.

[wassapper] 10/1/2023 12:50

Bought a few cheap below 2.2p. Yesterday it would have been near 2.7p

[mininglamp] 10/1/2023 11:27

2 extended auctions already, suggests some large trades in the background, lack of stock on the offer suggests someone has picked up some cheap (the sellers) shares.

This opened at 2.7p yesterday !

[broken_arrow1] 10/1/2023 11:14

Looks like the last auction cleared the overhang, only £2k worth of shares on offer currently before it moves up.

[sos100] 10/1/2023 10:29

suppose the share options at 4p(Aug 22) hardly inspired confidence in a higher share price and there's been nothing on Grängesberg project since the updated pfs 6 months ago)....

Hope there's some significant news this year on both projects 🤔

[kooba] 10/1/2023 10:16

The CEO can only execute agreed strategy and deliver progress..this has all been achieved mostly on time. The efforts at communication to market and through other sites has been a huge improvement since Jo took over and i think further news this quarter should further nail down the true value of the assets. So delivering operationally and in IR..unfortunately when you have mostly private investors on your register you can't stop people selling..all you can do is stick to strategy and deliver on time and hopefully the progress gets recognised in the share price. Am i happy with price action..nope..do i blame the management nope.

[sos100] 10/1/2023 09:49

may change perception if a more dynamic , proactive management took over....

[wassapper] 10/1/2023 09:16

That won't necessarily stop people selling shares!