Anglesey Mining Share Discussion Threads

[calmtrader] 27/10/2023 15:05

Wrong on all fronts

[trader465] 27/10/2023 15:01

Why massive? Varma is calling the shots, looks like Varma used Juno to get rid of JK? Why? Perhaps they had a lovers tiff?

[calmtrader] 27/10/2023 14:25

JK out. This is massive

[trader465] 27/10/2023 07:07

Aye, same old, same old. Without funding in place the six monthly placings will continue to erode the share price.

[kennyp52] 27/10/2023 06:56

Rinse and repeat Trader465?

[trader465] 27/10/2023 06:52

The drilling program is planned for 6 drillholes (c.3,700m) to infill
certain zones of the resource and to provide verification of the historical
drilling and is expected to take up to 25 weeks to complete

The drilling will take until May 2024, and by May 2024 (or perhaps before) the cash they have will be exhausted.

[bodgit] 26/10/2023 11:41

AGM tomorrow. Not holding my breath about that though. Despite the share price falling substantially over the last three years, I remain optimistic and tempted to add significantly when funds allow. Why? Grangesburg mainly. Gla

[wisteria2] 26/10/2023 11:28

Jo Battershill, Chief Executive of Anglesey Mining, commented: "We are very
excited to see what the Northern Copper Zone drilling will deliver. The
potential to upgrade portions of the resource into the Indicated category will
provide significantly higher confidence going into the next round of mine
designs and study work".

"The delayed mobilisation of the drilling rig has enabled us to reschedule the
overall work program, including a review of the proposed muon tomography survey.
Our technical partner, Central Alliance, will now conduct the initial survey
utilising the first 600 metre drill hole to be completed in the upcoming
program. By using the deeper drill hole, the survey will ultimately provide
significant additional coverage over and above the original plan of using the
shallower Morris Shaft and will include the large disseminated Northern Copper
Zone and the Garth Daniel and Central Zones, both of which consist of higher
-grade massive sulphide zones. The identification of potential extensions to any
of these zones would provide additional targets for future drilling programs."

"In addition, we expect to receive the results from the White Rock and Engine
Zone metallurgical testwork over the next month. This will also provide
important information for the overall plant design."

[hyperal] 26/10/2023 09:20

Excellent news today. Particularly the muon survey, 6x original planned depth. It should pick up loads more information and hopefully potential targets for drilling.

Should see more news flow now.

I'm in AYM for the Swedish Iron, I just think that it is totally off the radar, with the Apatite and RRE potential. Hopefully negotiations are going on in the background for AYM to take a majority stake, maybe it will involve a Swedish based company to take things forward on the ground.

[j5thumbs] 23/10/2023 08:20

... but not GRANGX unfortunately, who are now bumping along at a rock-bottom 25.7

[calmtrader] 23/10/2023 08:00

Takeover talk appearing in a few mining small caps this morning

[trader465] 22/10/2023 14:32

“We” have £1m??

AYM have £1m, which came from 2 placings this year. That’s about to be spent on drilling, salaries and perks. And I wouldn’t be surprised to see them donate some more cash to the boys club via buying debt from the directors private companies.

I can’t remember who did the last drilling, wasn’t the drilling company from Ireland and also a related company via directors buddies?

[calmtrader] 22/10/2023 12:43

Where is all this talk of placings coming from as of end of September we have £1m in the bank

[klondykejohn] 22/10/2023 09:36

I suspect another 15-20m shares will be created to keep the books balanced.
Juno will be protected again though.
Could even be another loan from Juno with Juno picking up a bucketful of shares in the process.
Time will tell.

[trader465] 21/10/2023 04:43

At the 2022 AGM, and after the move to AIM the directors gained authority to issue 100% of share capital, they will seek to renew this authority on an annual basis.

This authority to issue 100% of share capital annually played a big part in my decision to sell out.

[klondykejohn] 20/10/2023 22:50

Wonder if they suggest another share raise at AGM.

[broken_arrow1] 20/10/2023 15:00

This has been taken down from 1.5p on tiny volume, therein lies the opportunity.

[bodgit] 20/10/2023 12:08

AGM a week today. Be interesting to read the Chairman's statement etc. in due course. Good luck to all those who have an interest in AYM performing well.

[benjamin15] 20/10/2023 11:12

Shocking price, will probably get pumped before Xmas to line some people's pockets...living in hope 🤣

[klondykejohn] 20/10/2023 10:42

Trader lost money, as did I.
The BoD of this company are not interested in making Anglesey a working mine.
They will print more shares to give them an annual income.
Idiots will take up those shares, even at 1p.
If it gets to 0.1p, then I might buy some, just to hold for another 50 years

[trader465] 20/10/2023 08:30

I started bailing out when 3p broke, now 1p bid.

With no income and no funding in place, the only way AYM can survive is by printing more shares

[sos100] 20/10/2023 08:13

Trader is smart as he excited out long before this collapse.....

if this continues to fall then they will have a problem even raising a small amount to pay some wages:)

[borisjohnsonshair] 20/10/2023 06:10

Another disaster for you here Trader!!!! Oh dear

[j5thumbs] 19/10/2023 17:09

That's strange. The numbers are similar.