Anglesey Mining Share Discussion Threads

[trader465] 04/7/2023 05:22

From UFO annual financials. Not bad for 18 months part time work. Is this man working for the benefit of shareholders or for in his own personal financial gain?



23. Related Party Transactions
During the year JJB Advisory, a company in which Jonathan Battershill is a director, charged the Company a total of $33,000 (2021: $28,889) for corporate advisory fees.

[bodgit] 03/7/2023 15:36

My average 2.724p / share. Somewhat underwater... and looking forward to some very good news later this year. Tomorrow would be even better though somewhat unlikely. Gla

[calmtrader] 03/7/2023 12:42

My average now 2.55

[benjamin15] 03/7/2023 12:23

Yep very quiet, has been that way since last dilution, not many happy investors, I'm well down and not adding now.

[calmtrader] 03/7/2023 10:51

Very quiet on here

[bodgit] 29/6/2023 14:02

The silence from AYM on Grangesburg negotiations is telling us something. To make a binary observation, is good news coming 'soon' or is no one interested in Grangesburg iron ore. I would be astounded if no one were interested in it. Wait and watch, as ever.....Gla.

[kooba] 29/6/2023 13:49

"The project net present value of the asset is USD 550 million as per the latest Definitive Feasibility Study, calculated using a discount rate of 8%."https://www.sydvaranger.com/news/sydvaranger-enters-a-new-fase-in-the-investor-processSo $33m for a smaller prospective NPV8 than Grangesberg interesting.

[calmtrader] 29/6/2023 12:13

It wouldn't surprise me if we listed Grangesberg on the Swedish Exchange

[calmtrader] 29/6/2023 09:13

Our Iron ore asset is an absolute gem

[calmtrader] 29/6/2023 06:12

Iron ore in demand!!!GRANGEX AB ("Grangex") today announces that it has entered into an exclusivity agreement with OMF Fund II H Ltd ("Orion") for the purposes of negotiating final definitive documentation in relation to the acquisition of 100% of the share capital and shareholder loans of Sydvaranger Mining AS ("Sydvaranger") from Orion for a total consideration of USD 33 million. Sydvaranger owns a high-grade iron ore mine in Kirkenes, Northern Norway, where Grangex aims to restart production of ultra-high-grade iron ore, in line with its sustainable mining strategy. Orion is a leading private investment fund in the mining industry and as part of the agreement announced today, Grangex has entered the exclusivity agreement with Orion, pursuant to which Grangex will finalize a due diligence process in Sydvaranger. Grangex will be supported in its due diligence of Sydvaranger by leading global mining company Anglo American, which previously entered into a royalty agreement with Dannemora in March 2023. The deal is anticipated to close in H2 2023.

[calmtrader] 28/6/2023 11:44

It's a non issue. Holder just updating their % holding after the placing

[kooba] 28/6/2023 05:27

"GRANGEX Dannemora mine plans to restart production of iron ore in the Dannemora mine. The subsequent enrichment process is adapted to meet the expected large increase in demand for iron ore concentrates with iron contents above 67%, which is primarily emerging from the environmentally sustainable conversion of the fully integrated steelworks in Europe."Very similar to Grangesberg in it being a high concentrate restart opportunity apart from Grangesberg is far larger..we also have an efficient logistics infrastructure and source of sustainable power and water already in place.This timeline I believe shows the local will to get these projects moving to boost security of supply for the existing steel needs and the emerging green steel industry."GRANGEX has now, in less than a year from submitting the application, received approval for its environmental impact assessment and permit for mining and water operations at the Dannemora mine."The mineral deposit at Grängesberg is one of northern Europe's largest homogenous iron ore bodies.Recap on economics source Anglesey PFS July 2022Grängesberg PFS Highlights Post-tax NPV8 of US$688mProduction of 2.3 - 2.5Mtpa of iron ore concentrate grading 70% Fe that generates strong economic returns including:o Post-taxnetpresentvalue(NPV)ofUS$688million(8%discountrate)o InternalRateofReturn(IRR)of25.9%(post-tax)o OperatingcostsofUS$53.60/tFOBtotheportofOxelösundo Netcashflow(post-tax)ofUS$2.08bn,foranaverageannualnetcashflowofUS$130million o Pre-productioncapitalofUS$399milliono 3.6yearspayback

[calmtrader] 27/6/2023 12:24

Won't take a lot

[benjamin15] 27/6/2023 12:05

Zioc so seems to be doing alright, hopefully we will start to follow...

[calmtrader] 27/6/2023 11:12

Many Thxs. I note the $20 premium you get for high grade ore which of course Grangesberg has..time to float?

[kooba] 27/6/2023 11:02

https://www.marketscreener.com/quote/stock/ANGLO-AMERICAN-PLC-4007113/news/Equity-Research-GRANGEX-Final-regulatory-hurdle-cleared-to-materialise-the-world-s-first-CO2-free-44186100/

[calmtrader] 22/6/2023 12:17

Current market cap around £40m !!!

[calmtrader] 22/6/2023 12:17

GRANGEX is pleased to announce that today the Land and Environmental Court in Nacka (Mark- och Miljödomstolen i Nack) has issued a judgement. The Land and Environmental Court approves the environmental impact assessment, completes the environmental assessment and grants Dannemora Iron AB a permit for mining operations etc. and water operations at the Dannemora mine in Östhammar municipality according to Chapters 9 and 11 of the Environmental Code."This is a historic day for the Dannemora mine and of course GRANGEX. The fact that in less than a year from the time we submitted our application to the Land and Environmental Court, we received a positive judgement shows that we have done good preparatory work and a good permit process. Now the way is open to complete the financing of the plant project and continue the procurement and preparations for the start of construction in the autumn with a planned start of production in 2025. We will then be the first producer of green iron ore concentrate as a raw material for the production of fossil-free steel." says Christer Lindqvist, CEO of GRANGEX.

[trader465] 21/6/2023 13:09

“You have to make your resources last” lol

More “rumbling along” to come here before another placing. Funny there’s never any mention of how they plan to fund the ever ongoing rumbling along.

[sos100] 21/6/2023 13:00

5mins in 😱

[calmtrader] 21/6/2023 12:36

https://twitter.com/proactive_UK/status/1671480599112998913?s=20

[kooba] 21/6/2023 08:17

GRANGEXhttp://grangesbergexploration.se/the-company/about-us/STRATEGYOur platform projects in Dannemora and Grängesberg are the basis for our future expansion via acquisitions, and development of existing and future mineral operations.VISIONGRANGEX will actively contribute to a sustainable society by striving to become the leading mineral development company group in Europe that develops and engages in responsible extraction and recycling of minerals that contribute to a better society and climate.Future expansion via acquisitions you say ..leading mineral development company in Europe you say. Do we have an idea for you!