Anglesey Mining Share Discussion Threads

[calmtrader] 15/11/2023 20:47

Our neighbours at Grangerberghttps://storage.mfn.se/8c893299-1a8a-432f-936b-63634473ea5d/continued-positive-results-concerning-rare-earth-elements-at-blotberget.pdf?

[calmtrader] 15/11/2023 10:40

And once we start getting some decent numbers out of the Northern Copper Zone this will move!!

[mininglamp] 15/11/2023 08:54

Looks like Anglesey is being prepped for a new management team possibly via takeover,
noted that one of the largest shareholders AYM is also the largest shareholder in More Acquisitions, they are looking for a new deal following their £50m takeover attempt for Megasteel failing at the last hurdle.

In their recent market communication they say they have new targets in sight.

On the other hand maybe an offer for AYM's stake in Grängesberg.

Either way the shares look cheap at current levels.

[calmtrader] 15/11/2023 08:16

Get on board for the ride Trader

[calmtrader] 15/11/2023 08:00

Danesh can now focus on his many other business interests knowing AYM will make him money

[calmtrader] 15/11/2023 07:52

You need to understand what is happening here ..a large % shareholders know the true value of AYM and intend to monetise it

[calmtrader] 15/11/2023 07:31

Also there was nothing stopping Juno from selling previously

[calmtrader] 15/11/2023 07:27

And why would he do that

[trader465] 15/11/2023 06:44

Varma is now free to dump his AYM stock on the market at anytime he wants

[j5thumbs] 14/11/2023 21:19

Is there anyone left who can steer us through this godawful mess? To lose one director might be considered carelessness, to lose three ... (apologies to Oscar Wilde)

[wassapper] 14/11/2023 11:37

Hopefully good news. But why did he resign? Pressure? He was only reappointed a week ago.

[calmtrader] 14/11/2023 07:59

Absolutely

[kooba] 14/11/2023 07:27

This underlines that effective control has changed to the shareholders who voted Kearney off the board.One must hope some good appointments are made to get this spade ready and moving forward.Be good if there was some value realisation with the iron ore assets to demonstrate the underlying value. NB Grangesberg showed a NPV of $u688m taking iron ore @ $120 in the latest PFS.https://www.angleseymining.co.uk/grangesberg-pfs-highlights-post-tax-npv8-of-us688m/"Prices for iron ore cargoes with a 63.5% iron ore content for delivery in Tianjin advanced to $130 per tonne, the highest in over seven months, amid expectations of robust demand and risks to supply."https://tradingeconomics.com/commodity/iron-ore

[bigbigdave] 14/11/2023 07:08

There is a line missing from the RNS "Having lived off AYM placings for many years" :o)

[calmtrader] 14/11/2023 07:04

Right all the old guard gone!!

[borisjohnsonshair] 08/11/2023 16:21

Another flop for you!! Stop believing in TraderLOSER

[kooba] 04/11/2023 11:39

Thanks, and we are knee deep in them !

[calmtrader] 04/11/2023 08:17

A note on Brownfield siteshttps://www.proactiveinvestors.co.uk/companies/news/1032049/mining-101-buried-treasure-and-brownfield-exploration-1032049.html?rel=scroll

[kennyp52] 03/11/2023 09:23

Shame they produce no metals Kooba ? Enormous amount of capital required to open a mine at Parys . Cash burn on drilling and wages .. thus the share price . Huge risk here .. but you could well be rewarded . Good luck

[kooba] 03/11/2023 06:25

And the metals backdrop is becoming more favourablehttps://tradingeconomics.com/commodity/copperhttps://tradingeconomics.com/commodity/iron-oreZinc is rebuilding but well off the spiked peak earlier this year but aligned to the PEA estimates.

[kooba] 03/11/2023 04:50

Thx..hopefully it materialises.On JB front my understanding is that family reasons for moving back to Oz play a significant part , as well as an offer to run a business he knows well too good to refuse.I'm still disappointed , but he is leaving on good terms and staying on the board of the company which should make transitioning to a new CEO easier. The removal of JK hopefully marks a turning point in perception.Difficult times for small caps especially miners at the moment but the underlying assets and fundamentals remain compelling , if we start to see some further recovery in base metals then there could be some significant reratings coming up.

[klondykejohn] 02/11/2023 21:38

Agreed.
As I understand it, PXC are trying to finance their project by issuance of bonds.
Apparently,the bonds have been taken up and an announcement to that effect is purportedly due within the next 3 weeks.
Coupled to this is another announcement detailing the fully costed economic assessment.
The Sp has risen sharply on this information, in part, from comments made by one of the directors recently.
People are buying in to the company in the hope that both pieces of news are positive.
If this does happen, then I would expect the share price to really rally, possibly doubling it`s current pric, or even higher. Bearing in mind as well that there are only 125m shares in existece although it could increase to 140m if all warrants are taken up. Still a small total in my opinion. Definately a share to watch.
The fs for Parys could also be a game changer, but production is a few years off, but it is quite possible that things could speed up now that Kearney has gone. Still can`t get my head around why JB is leaving though.

[kooba] 02/11/2023 17:17

Well i don't know everything i can assure you.But Parys mountain is an Ancient scheduled monument as well which means there must be extra consideration on top of the sssi so surface visible impact must be minimal.The idea is that concentrate is exported by ship to copper smelting plants in Europe there is no longer any in the UK i gather.Full details of tailings management and on site treatment will no doubt be included in the PFS after due consideration in conjunction with the regional authorities , but a number of relevant permissions were already in existing mining permits , but i guess we will have to wait for the outcome. Type of concentrate preparation may also be dependent on the ongoing metallurgical studies i would guess.QME ongoing relationship , it will be interesting what transpires there as the founder is good mates with our past chairman JK..so difficult to get a feeling for how that remains , but i again guess if QME think they can make good money from their earn in option they will still be there. It was ultimately the shareholders of Angelsey , the owners of the company who decide who runs the company and from clear information now received it was not an inside job but a number of independent share holders who voted him out.Will QME bid ..get the whole thing for far less than there funding option interest..i doubt it because if they tried to take it on the cheap I doubt important players would accept anything like current levels...completely different ball park.Just some thoughts having followed for a while now,

[klondykejohn] 02/11/2023 14:49

Kooba, firstly, I wasn`t aware that sssi`s were in place at Parys, so opencasting is out of the question as you rightly say.
Let us not forget however that historically, copper extraction at Parys was about opencasting, hence the landscape.
Good point about the water and sludge removal machinery, something similar will certainly be needed.
AYM need to find a location to process the ores recovered. Are you aware if heap leaching is to be done or tank leaching and where would you put an EW operation, or do you think that the ore would be shipped off to an existing manufacturer?
Also, is it not possible that QME might want to buy up AYM on the cheap.
It would appear that they have the funds to be able to do that.