Anglesey Mining Share Discussion Threads

[trader465] 23/2/2023 11:18

Did anyone else notice Jo Battershill say we’re at an “advanced stage” with the planning authority, and then 4 months later say we have our “first kick-off meeting in a couple of weeks” with the planning authority?
To be a good liar one needs to have a good memory.

Am I the only one thinking wtf is going on here?

[trader465] 23/2/2023 11:05

Important to note this delayed resource update is from a small 2700m drill programme that began in 2021, two christmases have come and gone since then.

The Grangesburg PFS was due in Q1 last year, it was released in Q3, 4 months later than planned. Theses delays are expensive and unacceptable.

[pistolpete100] 23/2/2023 10:41

Yes - whilst a resource update won't directly impact timelines it certainly impacts sentiment and therefore company standing - important this update comes in the next week or so

[sos100] 21/2/2023 09:41

Anglesey Mining plc
@AngleseyMining
·
54m
"@AngleseyMining
has made significant strides of late in advancing its Parys Mountain copper project in Wales..."

[kooba] 20/2/2023 18:18

The company stated on earlier assays coming back that there was a significant increase from the inferred to the indicated category which would be important as only indicated reserves can be included in the resource estimate. I believe the metallurgical testing was to look at what could be extracted from the ore using more modern processes than previous used.Both the above could add significantly to the resource estimate in white rock and engine zones. A larger resource estimate should result into increased NPV when fed into the PFS further improving the economics of development. Hopefully will find out soon enough.

[kooba] 20/2/2023 17:30

Samples were sent off to Grinding Solutions a Cornish lab for metallurgical testing early January ..the hold up could be there..but we need new guidance.

[noccer] 20/2/2023 17:24

Kooba - agreed re resource estimate. Now exactly 12 weeks since the RNS which stated "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." According to a later interview it is being done internally. They received all the assays for the drill holes by 20th October, and immediately started work on the resource estimate. So they have been working on this for 17 weeks - which is clearly much longer than Joe expected. The assays are apparently inline with previous, so I don't expect much change in resource tonnage, the importance is the change in status of the resource to something more bankable. Beginning to worry about this delay, I hope the next RNS doesn't say something like 'my dog ate my homework'.

[kennyp52] 20/2/2023 15:25

trader465 .. other investors on here have a point .. you was selling this company a year ago . Having said that everyone is entitled to reevaluate ... which you clearly have in earnest . Biggest problem here boys ... no revenue streams .. only money going out .. which could lead to more attempts to do placings to keep the director's salaries paid . Keep saying it .. they are not using their assets and need to either JV or go for a huge placing and gamble on getting into production . All imho .

[trader465] 20/2/2023 14:14

28 November was the last official announcement regarding the resource update at Parys.

"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."


Almost 3 months later we’ve received nothing. It surely looks like private investors are being taken for a ride on a money go round here

[kooba] 20/2/2023 07:31

Get a zip wire off the mine head ..over the acidic pools could be a real hair 'em scare them ride! Bit like investing here!! Must say I'm starting to think the company should be clarifying on the resource update ..i can understand some delays , i even understand the Christmas thing ..if you didn't get samples for testing there before Christmas then often adds two weeks or so to proceedings but having recalibrated to end of January further delays without comment seem to be feeding the sceptics and leads to questions on other timelines put forward. The market expects timelines naturally , but management job is to correctly manage those expectations. Hopefully when the resource update lands there will be an fuller explanation of delays. It is important that the executives keep share holders still on side..on side.

[kooba] 20/2/2023 06:24

Could be in the form of a farm in ..we get diluted to a much smaller minority interest in exchange for a free development carry ..but on the NPV estimate even a 10-20% remaining stake would have significant value...or even a sale with a royalty interest..a sale whilst not necessarily reflecting the long term value could be very important to financing Parys to feasibility study and investment decision, also a royalty would have significant long term value once Grangesberg is producing. Whilst i see value in the iron ore holdings i think Anglesey should focus on Parys , the demand profile for ore produced there is far more certain and many are predicting significant shortfalls in copper supply for decades ahead. The economics of Parys could therefore improve enormously with metal prices and the life of the mine could significantly extend as the Northern copper zone is further quantified.

[j5thumbs] 19/2/2023 20:13

The Llandudno copper mines 30 miles down the road are now #2 out of #90 on Trip Advisor "Things to do in Llandudno". Contingency planning is always a useful thing if that JV never comes through. (Sorry Jo, I'll get my coat ...) :P

hxxps://www.tripadvisor.co.uk/Attraction_Review-g190724-d1931886-Reviews-Great_Orme_Copper_Mine-Llandudno_Conwy_County_North_Wales_Wales.html

[bodgit] 19/2/2023 19:17

kooba, just read the BBC article and was going to post a link to it here but you beat me to it. Fwiw, I agree with your view on a way forward for Grangesberg. I just hope that we shareholders end up with at least some skin in the Grangesberg game. Maybe news on Parys resource update in the coming week, he wishes! Gla.

[m1sterx] 19/2/2023 19:02

TW's site has a very low following hence it's 'observations' have very little consequences these days, however if you delve deep into the murky water what you will discover that most of the target companies usually rebound in share price by many multiples, VAST and PREM are recent examples.

That is why you will, almost certainly, see a significant share price rebound here.

[trader465] 19/2/2023 18:14

Copper pit or money pit? One must decide for oneself.

[kooba] 19/2/2023 14:47

The race across Europe to build green steel plants https://www.bbc.co.uk/news/business-64538296"Meanwhile, the EU is in the process of finalising a new strategy called the Carbon Border Adjustment Mechanism, designed to make it more expensive for European companies to import cheaper, non-green steel from other parts of the world."My view is that Anglesey cannot go it alone with Grangesberg and having the updated PFS in hand needs to sell or find a major Swedish or European jv partner to take this to a development decision , being brownfield and having existing infrastructure means that environmental impact is greatly reduced in a country that is highly sensitive to new projects. Being potentially part of an EU green steel initiative means local sustainable supply is an essential part of getting the investment needed.

[m1sterx] 19/2/2023 08:04

Once again a certain outlet, whose subscribers are majorly bears/shorters, is writing negatively about Anglesey, this is the 5th feature in circa 6 weeks.

This time the verbatim is bordering on the ridiculous suggesting Anglesey tweets are receiving negative replies (there are NO negative replies) Check here...



The reference by the outlet re the statement made by the company (not in a tweet as implied but in the H1 results) "material value not currently in the share price". would suggest entities are concerned about a rise in the equity price which would work against their positions.

Now some may say this contribution is hogwash, however, why would an outlet whose notorious for shorting illiquid micro cap stocks decide to 'attack' AYM so often in short time if their followers did not have a financial motive?

The matter is so transparent it is almost embarrassing - m1sterx expects to see a strong % up move in due course!

[kooba] 19/2/2023 06:14

Anglesey makes up for lost time at Parys MountainAIM-listed Anglesey Mining (AIM: AYM) has made significant strides of late in advancing its Parys Mountain copper project in Wales and remains on track to become the UK's sole primary producer of the red metal.https://www.mining-journal.com/resourcestocks-company-profiles/resourcestocks/1448372/anglesey-makes-up-for-lost-time-at-parys-mountain

[kooba] 18/2/2023 13:45

Definitely posting like someone still invested lol. If I think there is a con or fraud as you seem to here for some odd reason and can find zero positives in the company or its management then I tend to get out completely not just cut part of my position.Small time punter whose upset because they have sold at a loss and trying to justify their loss by blaming everyone else and creating an absurdly negative take. As I said best of luck and hopefully move on to better things..but maybe do a bit of research first hey.

[trader465] 18/2/2023 06:39

I have sold around 60%. The unexplained delays, lack of timely progress and printing of shares has given me concern that AYM may be being used as a money printing machine for the boys club.

[wisteria2] 17/2/2023 20:50

trader465, have u sold your shares!! u where really upbeat 12 months ago?