Anglesey Mining Share Discussion Threads

[thecoyone] 08/6/2023 07:22

Comment from WHI suggests there is quite a lot of news due.

[trader465] 08/6/2023 06:18

Here’s what we can expect in next RNS

20 July 2023
Drill Rig Secured for Parys Mountain

* Fund raising secures additional £1,000,000 via issuance of 64,999,993 Ordinary Shares

* Appointment of drilling contractor to commence infill programme at Parys Mountain, with the rig expected to mobilise in the next 2-3 months

* Infill drilling of the Northern Copper Zone to increase the remaining Inferred resource category confidence to Indicated category

* Provide geotechnical information to enable domain modelling for the mine design; and for additional metallurgical testwork

* With respect to the environmental and permitting process, we have commenced a gap analysis of the baseline studies and reports completed since the late 1980's to determine our work requirements over the next 6-12 months

Del Boy Battershill, the CEO of Anglesey Mining, commented: “Now that the recent funding has been successfully completed and I’ve returned from my holiday, I am incredibly excited to be able to get the drills turning again at Parys Mountain. I am very pleased with the £1,000,000 funding for a number of reasons. Firstly, it secures our lucrative salaries and perks for the next 10 months and enables us to relax at home all day. Secondly, we may have enough cash left to purchase more debt from our friends at GIAB, and thirdly, this time next year Rodney…”

[trader465] 08/6/2023 05:18

20 October 2021 RNS


“A nine-hole programme for 2,750m of diamond core drilling has been designed to provide additional information that will feed into the planned Feasibility Study in 2022”

What happened to the 2022 Parys feasibility study? It’s a year late, did Del Boy forget it?

[trader465] 08/6/2023 04:48

It’s not worth looking at LIM, they are uneconomical with current Iron Ore price below 2013 prices when they ceased production. From memory AYM initially had a 50% stake but got diluted down to about 12%. Further fundraising is needed, so I would expect the 12% to be further diluted.

On the bright side, I expect a “Drilling to commence at Parys Mountain” RNS as soon as part-time CEO Del Boy Battershill gets back from his holiday.

[klondykejohn] 07/6/2023 21:38

Whilst all this chat is going on over an underperforming Company, what is happening with the investment in Labrador.
Is that another exercise in printing money or will Aym get a boost here@

[kennyp52] 07/6/2023 18:08

broken arrow .. depends if they go bust .. that is the real concern with this non mining , non producing , director salary paying nonsense

[broken_arrow1] 07/6/2023 14:42

Looks poised to move up, 'at best' only to buy with a whole array of online brokers who use Proquote.

Good luck trying to get any sub 1.5p, that chart gap of 1.95p has to fill, the RSI remains materially oversold.

[yasxii] 07/6/2023 14:09

It is obvious the plum - trader465 - is desperate to justify his significant loss in AYM by trying to encourage others to sell hoping the price will fall further.

The aim is a feel good factor, it goes like this according to trader465.....

I bought at the top
I will ramp the cr@p out of AYM on the boards
I know I have over extended my position but never mind
The stock plummets due to market conditions
Panic sets in
Oh dear - my paper loss is significant
I could be wiped out
I had better sell
OK I have sold (near the bottom)
At least I have salvaged some cash
I will spam the bulletin boards with negativity now
If I try to make the price fall further it means I am a great trader
God what will happen if the price rises - I will feel terrible


Yes trader465 is a right plum, now watch the price rise.

It costs to be stupid the more stupid you are the more it costs !

[thecoyone] 07/6/2023 11:33

Have taken a few more today and very contented to do so.

[klondykejohn] 07/6/2023 11:25

Dig deeper trader and you might just be able to find out if KII holdings is just a front for some dubious dealings.

[observer007] 07/6/2023 07:02

It is interesting that every bulletin board has company bashers, I have never quite worked out how every company can achieve this status.

Some are bitter ex holders, some are shorting the stock, some want to get in lower down, some are time wasters and have a boring life - one thing I have learnt is none of them apologise if the share price rockets, to a tee they all go quiet or vanish into cyberspace.

There is no doubt in my mind Anglesey has a plan for Grängesberg - that will deliver very significant upside for shareholders when it comes to fruition.

I will continue to add to my position here.

[trader465] 07/6/2023 06:38

“Grängesberg Iron AB ("GIAB") is a private Swedish company that was founded in
2007 by Roslagen with the target of re-opening the historic iron ore mine in
Grängesberg”

“liabilities on the GIAB balance sheet included outstanding debt of SEK 93,023,816 (£7.4m)”]

“all creditors have the right at maturity, or in connection with an IPO, to convert all or part of the loan into shares in GIAB”




From the above we can see that the boys club have achieved nothing at GIAB in 15 years. The £7.4m debt suggests GIAB average cash burn of £500k per year, probably in salary, fees, perks and expenses. I’d say the boys have done well for themselves. They now have the problem of what to do with the £7m debt. Dilution is the only option.

The holder of £3.5m GIAB debt raises my suspicion, Cypriot based KII holdings Limited.
Cyprus accepts invoices from offshore companies and this is rare in the EU. One wonders whether there is a link between Bermuda based Juno (Varma) and Cypriot based KII?

There’s no transparency with all these related parties involved. One thing is clear, the plan is more dilution.

[klondykejohn] 06/6/2023 17:56

Agree trader465.
Why pay for a company and take on £7m debt.
Smacks of stupidity if we do.
There is no guarantee that we will go into production at Grangesburg as costs will be about £70m.
Does Aym have that kind of money. NO
Can we create a massive no. of shares to cover £70m. NO
Can we get money to commence production at Anglesey. NO
As you say, current Grangesburg owners would sell if they could find a buyer.
Next step. Another share placement to further dilute the fictitious returns (if ever).
Conclusion. A junk share, only good for the Board for theie salaries and expenses.

[trader465] 06/6/2023 13:13

There was even more excitement on his face when he was running to the bucket shop.

Grangesberg with its £7m debt is worthless to AYM. If it is worth anything why didn’t the related party owners sell it or list it themselves? AYM already has £4m debt and no means to pay.

[observer007] 06/6/2023 12:27

I think there is significant value in Grängesberg for AYM shareholders and if you look at the interview (linked in thecoyone post) you will see the excitement from the CEO when he talks about gaining 100% and then selling or spinning it out.

One suspects the sellers of the remaining stake may take AYM shares so they benefit from such a corporate move, it makes perfect sense, they pass their stake to AYM, they package 100% in a bundle to sell or float, the CEO also makes noise that all the numbers are in the book to fit into a prospectus already.

You have to read between the lines in these interviews, it was very revealing, such is the apathy in the markets the interview had only been watched 5 times when I viewed it.

It is a very juicy potential value enhancer for Anglesey, therefore IMO buying the shares now is a near no brainer.

[trader465] 06/6/2023 11:59

In two years he’s achieved a small 2500m 10 hole drill at Parys, bought an overpriced piece of paper from related parties in Sweden, diluted shareholders and halved the share price. The CEO salary alone for that was around £230,000. Quite an achievement. He’s probably away on holiday now with the £1m just raised.

I’d expect a few RNS’s ramping the next drill and results to facilitate the next placing around year end.

[danmart2] 06/6/2023 11:34

Struggling to see what the CEO has achieved to justify his salary?

Putting AYM from the main market and onto AIM is not an achievement, it’s a failure.

[bodgit] 06/6/2023 10:01

With the increasing likelihood at the next General Election of a Labour Government, their suggested £28 billion (is that p.a.?)investment in 'Green' will presumably promote a UK push towards producing Green Steel. My understanding is that will require iron ore of the type available from Grangesburg. Hmmm, I wonder if AYM shareholders will benefit from that? Gla.

[thecoyone] 06/6/2023 07:52

Took a few more yesterday, happy to add whilst it is quiet, every now and then you get a buying frenzy in the stock and the price moves up quickly, I suspect traders like the illiquid nature and fast moves, there are many online groups working in concert these days.

[broken_arrow1] 05/6/2023 07:35

Increasingly hard to buy in any size, a number of online brokers are 'at best' and have been for a few sessions now.

From a technical perspective the RSI remains oversold, a chart gap to 1.95p to fill and a bowl pattern forming, quite a bullish scenario.

[calmtrader] 05/6/2023 07:25

100% agree. I've added