Anglesey Mining Share Discussion Threads

[grimreaper2019] 03/4/2023 14:31

Some interesting trades today, looks poised for a decent upside move.

[benjamin15] 03/4/2023 10:30

Few more buys and this should move up again 😃

[grimreaper2019] 03/4/2023 08:00

In the good old days before markets buckled AYM was a traders delight with stock influencers on Twitter excelling themselves over fast moves in the price on limited volumes.

One suspects it will attract new attention shortly.

[benjamin15] 03/4/2023 07:58

There is no stock, the reason the spread is so large, this could really shift if they let it.....

[broken_arrow1] 03/4/2023 07:55

They are now asking 2.45p for just £3k of shares, clearly the book is exceptionally tight and the free float limited.

This is the kind of stock you get disproportionate moves in.

[noccer] 03/4/2023 07:44

With the updated resource estimate its hard to untangle the differences due to changing costs of mining and price of metals from the change to the geological footprint. I hope this will be followed up by a presentation with pictures explaining any changes to the location and size of the resource.

One thing I couldn't resist was valuing the 18.3 thousand ounces of gold now in the 'measured' category. Just a minor part of the resource, almost a by-product, but I make that worth £29million. Plenty more gold in the other zones too.

I see it was completed by Micon, so after saying it was being done in-house, then saying the geologist had been poached, they eventually went external.

[mininglamp] 03/4/2023 07:23

I would not be surprised to see a few bespoke mining funds starting to take an interest in Anglesey around current levels.

In every aspect the company is materially undervalued and offers exciting upside, the new CEO has started to deliver on the ground and in the corporate world, the recent deal with Mine Storage International as an example.

Currently the market only values AYM at £6m - no wonder the shares are hard to acquire.

This really does have multi-bag potential.

[benjamin15] 03/4/2023 07:18

Massive spread 🤣🤣🤣

[broken_arrow1] 03/4/2023 07:15

Premium being demanded for just £3,000 of stock currently.

[bodgit] 03/4/2023 07:06

At last! I wonder what Mr Market will make of it. Hmmmm. Gla

[benjamin15] 03/4/2023 06:32

Where's the update? Found it

[sos100] 03/4/2023 06:19

I guess the directors will be piling in after this update?

[benjamin15] 03/4/2023 05:44

News this week maybe? 🤔 🤣🤞

[benjamin15] 31/3/2023 09:04

Wonder what the next raise will be for ? PFS?

[trader465] 31/3/2023 08:50

Look at cash burn and the recent financial statements, they have run out of cash now

[kennyp52] 31/3/2023 08:32

More exploration .. more dilution .. more salary

[sos100] 31/3/2023 07:45

can imagine his reaction if there were more pertinent questions fired at him🥲

[benjamin15] 31/3/2023 07:16

He was talking about more exploration in that last video, if the delay on the resource upgrade is anything to go by 🥱🥱🥱

[kooba] 31/3/2023 06:16

For discussion.So spot NPV is $330m based on resources estimates in the PEA that means Parys is anticipated to throw off $27.5m a year once up and running net of the $100m development cost. This should be eminently fundable. If you gross it back up its less than a 3 year payback on development cost with a low case 12 year mine life .This is on base assumptions of indicated with further resource expectation upgrades and huge potential into Northern Zone.What is also interesting and i don't know the exact relative costs is the QME option."In addition, Anglesey will grant to QME the right and option, upon completion of a Prefeasibility Study ("PFS"), to undertake at QME's cost and investment, the mine development component of the Parys Mountain project, including decline and related underground development and shaft development, with a scope to be agreed, to the point of commencement of production, in consideration of which QME would earn a 30% undivided joint venture interest in the Parys Mountain project."Now if you take the work to be funded by QME and this is where i am guessing so please challenge is say 30-40% of the up front cost this means 2 things ..one is there is an effective valuation of Parys to a specialist mining company in there if exercised 2 it would mean a slug of Parys development cost ..basically a normal equity interest to go after funding is already in there..this could make alternative funding through off takes , copper loans etc easier to put together.But on a surface case if QME puts in say 35% of the $100m ( could be more now..what with inflation) up front costs for a 30% direct interest in Parys what is the balance of 70% interest the company ones worth? I make it over $80m still looks undervalued on the future cash flows but even on that basis makes the market cap a bit of a nonsense.The pre feasibility/ feasibility study is said to be on track for the end of the year ( rather hope thats delivered on time!) so at that point we will get to when QME decides on whether they want to exercise the works/funding option ..on current numbers and copper outlook i guess they will...which will make fully funding the project far easier imo

[trader465] 31/3/2023 05:12

It’s taking so long because AYM has become a lifestyle company. Drag things along nice and slowly, we can then fund our fat salaries and perks with investors cash from placings for as long as possible

[kierculpa] 30/3/2023 16:50

Jo's folded arms response to the money question was telling. He looked very defensive. Dont think he likes conflict. Perhaps explains why those doing the resource analysis have got away with taking so long.

[benjamin15] 30/3/2023 15:32

Calmtrader
Our stakes in everything else are worth more then the current share price 🤔

[calmtrader] 30/3/2023 15:24

I can see our stake in Lbrmf being worth more than our current share price very soon..they are not buying out the minority interest for the fun

[kierculpa] 30/3/2023 14:07

Jo loves talking about context but is always extremely vague on strategy.