Anglesey Mining Share Discussion Threads

[5chipper] 12/1/2023 12:27

I read that as debt that will now be owed to AYm?

[bodgit] 12/1/2023 11:57

camtrader, thanks for the Cargill link, interesting and not least because their mining interests are only a few miles from Grangesburg. So far today, such little interest in AYM shares. Maybe other current/potential investors in our shares are confused as to why Anglesey did not at this stage take a controlling interest? That's a question I would like to hear answered by Jo B. I'm only a third underwater with these shares.... Gla

[klondykejohn] 12/1/2023 11:28

I suppose that the creation of 14.5m new shares doesn`t help, nor the transfer of 40% of Grangesburg debt to Aym, although I don`t know how much this debt is.
Then there is the transfer of £87k to Grangesburg owners.
This from a company with limited funds.
I see a new share placing happening soon.
Good to own 49+% of Grangesburg, but is not a controlling interest. There lies the rub

[klondykejohn] 12/1/2023 11:01

There must be some major underlying reason why the market is not reacting.
Do they know something that we don`t know, or is it about the BoD?

[spacedust] 12/1/2023 10:25

Not a single predator gives a monkeys. No one will buy us out. The share price will remain stagnate.

Only hope is for a pump and dump to 10p and then get out.

[kooba] 12/1/2023 10:22

Similar situation calmtrader bringing a retired mine back to production they have very similar profiles but with significant capital commitment from Cargill in the form of an off take agreement to fund development ,one of the biggest commodity traders in the world...project that once completed would produce approximately 1,600,000t per year of a 68% Fe concentrateSeparately listedhttps://finance.yahoo.com/quote/NIO.ST/Grangesbergproducing 2.5Mtpa of >68% Fe concentrate, with a mine life of 16-yearsSomewhat bigger.

[kennyp52] 12/1/2023 10:03

calmtrader .. only way they are going to realise any value imho . Let someone else do the digging .

[amaretto1] 12/1/2023 09:54

They have Zero .....Could they get a placing away ? Imo NO

[calmtrader] 12/1/2023 09:47

This is next door to Grangesberghttps://nordicironore.se/en/ir/pressreleases-single/?slug=nordic-iron-ore-ab-and-cargill-sign-memorandum-of-understanding-mou-to-explore-long-term-partnership-including-product-development-investment-in-the-blotberget-project-and-product-offtake-f379654d

[spacedust] 12/1/2023 09:44

Cannot ignore facts

Fact = it hit 11p on nothing
Fact 2 = past 12 months we've had fantastic news galore
Fact 3= share price has gradually declined despite all the fantastic news

[kooba] 12/1/2023 09:27

Well its what the ignore option is for..

[kennyp52] 12/1/2023 09:25

Moth ball of mine .. they don’t have a working mine !?

[amaretto1] 12/1/2023 09:21

Down she goes ....Placing at very best !!!!More like moth ball of mine

[amaretto1] 12/1/2023 09:05

Shut the Welsh hill ....Move to Switzerland.... sounds like there plan

[amaretto1] 12/1/2023 09:04

Totally agree .....Moth ball it .... wait for the Romans to reappear

[kennyp52] 12/1/2023 09:00

Suspension more likely than placing ! Directors have enough for a years salary or 2 and that is about it . Can’t see the market backing a placing .. AYM not delivered anything in its many years ..

Incorporated on
21 September 1984

[sos100] 12/1/2023 08:58

trader -i think your being sarcastic?

wonder why they didn't take full control of the asset....any views?

[wisteria2] 12/1/2023 08:57

Nice development ....

Anglesey Mining plc (AIM:AYM), the UK minerals development company, is pleased to announce it has entered into an agreement to acquire an additional 29.8% of Grängesberg Iron AB (“GIAB”), the entity that owns the Grängesberg Iron Ore Project in Sweden, taking Anglesey’s stake to 49.75%.

[spacedust] 12/1/2023 08:56

What has the non stop fantastic news so far done to the share price over the past 12 months? Based on that inwont be surprised if this goes red

[trader465] 12/1/2023 08:53

yes agreed, placing at 10-20p