Anglesey Mining Share Discussion Threads

[benjamin15] 11/12/2023 09:47

Plenty of sells going through, this isn't going anywhere,

[thedickster] 11/12/2023 09:25

I added a small amount first thing, at 1.45, showing as a sell. The 449k trade on Friday was probably a buy at 1.49.

[broken_arrow1] 11/12/2023 09:20

Online buy limits are reducing in size, RSI is in neutral territory, looks like the shares are poised for a run up.

[benjamin15] 11/12/2023 07:00

I can feel a cash raise coming on the back of this as the share price gets pumped up......

[mrmcnee] 11/12/2023 05:40

This had a m/cap of £11m back in Q2 2022, a lot of progress has been made since, m/cap now only £6.75m.

As Mr Green says at least four times undervalued to peers on just P Mountain, the Grangesburg and Labrador stakes are in for nothing. Time to buy ahead of sector recovery.

[bodgit] 10/12/2023 22:08

Many thanks calmtrader and MinigLamp for the heads up on the podcast. My hope in AYM
succeeding so that in due course the share price rises significantly /substantially has heightened somewhat. Time will tell. I still see Grangesberg as key but wdik. Gla.

[mininglamp] 10/12/2023 19:40

Here is the link for anyone that does not have a Twitter account.

It looks like the new cores have delivered outstanding grades, Alan Green was clearly very impressed, worth noting that other city analysts were also present from a variety of brokers.

He felt that Anglesey was undervalued 4 fold compared to peers just based on Parys Mountain.

No mention of possible corporate action, BOD situation etc, although hints re interested finance partners were worthy of note.

In all I think it is time for AYM to re-rate, the sector seems to be showing the first green shoots of recovery after 2 awful years of decline.

[kooba] 10/12/2023 19:31

Cheers Calmtrader..very interesting listening. Confirming much that those that hold and follow have hoped for. Seems they are expecting the first assays back ..let's say shortly after Christmas. If the indication is that it shows a huge intrusion showing grades of 3/4% extending for 1km...it will make the existing indicated look quite modest in comparison.That would light the touch-paper.Other interesting comments on funding ..but as the drilling comes back and the metallurgical results come in to form the PFS..then I think that Parys and Anglesey will be getting a lot of attention.

[calmtrader] 10/12/2023 18:41

The pod cast is uphttps://x.com/stockboxmedia/status/1733909654390886626?s=46&t=Eq7T3qYOfnR2zrro-cygFw

[trader465] 10/12/2023 11:52

Which Christmas are you referring to? Remember Jo Battershill was caught off guard by the 2022 unforeseen Christmas getting in the way 🤷‍a94;️

History repeats itself, perhaps someone should inform Jo Battershill that there will be a Christmas in 2023

trader465 - 10 Feb 2023 - 16:57:28 - 4892 of 6158
My patience will have long run out by 2030, there are to many risks of unforeseen Christmases happening between now and 2030

[noccer] 10/12/2023 10:50

Painfully slow progress I agree, but I am encouraged by QME's involvement in Parys. They are a real mining company, were involved in the mine design in the PEA, and now have a 30% earn-in deal. I can also see the benefit in better defining the Northern copper zone - it is the biggest ore body albeit only 'inferred' and if it can be better defined and a chunk of it moved to 'indicated' category, then that will be of benefit to the projected economics. I hope they can turn around the drill core assaying faster this time, and the 5th December RNS suggested the cores will be shipped to the assay lab by Christmas.

[benjamin15] 10/12/2023 08:14

Calmtrader
Nope, just heard it all before 🤔 I would love this to re-rate and be in production within a couple of years but can't see it happening, have a look through the previous presentations by Bill, we could be in production within two years blah blah, must be the most drilled bit of rock on the planet, so many unanswered questions with this company.
All my opinions of course, hardly surprising they are negative considering I've been holding for over 8 years...Stale investors, Aym certainly knows how to create them....There doesn't seem to be any plan, they just bumble along.

[calmtrader] 10/12/2023 07:51

Have you been hacked!!!

[benjamin15] 10/12/2023 07:18

Labrador mines hasnt been mentioned yet in this up and coming pump and dump....

[space_dust] 10/12/2023 07:15

This is most definitely a BUY at current levels.

Company is significantly undervalued and the stock is very illiquid, work it out, these under radar stocks can propel upwards fast.

The largest difficulty will be buying a sizable amount as the market makers will cut down limits in a flash.

[mininglamp] 09/12/2023 20:41

Iron Ore is in demand - AYM 49% stake in Grangesburg is becoming more valuable.

[calmtrader] 09/12/2023 19:47

4p on its way IMHO

[benjamin15] 09/12/2023 19:28

The benefits??? My average is 4p reckon I be lucky to see that again...I think this is going to get pumped and then watch who off loads or maybe even another raise...

[calmtrader] 09/12/2023 19:08

You carry on thinking that while we will reap the benefits

[trader465] 09/12/2023 19:00

Varma has dumped his private company debt (GIAB) on to listed AYM shareholders, and then dumped his AYM shares, why would that been seen as a positive? IMO he’s bagged what he wanted and deserted the sinking ship.

[kooba] 09/12/2023 14:46

I wonder what comparison can be made with Grangesberg..corporate transaction for $33m for dormant Iron mine.Until its closure in 1989 due to then prevailing market conditions, the Grängesberg mine (about 200 kilometres north-west of Stockholm) had produced more than 150 million tonnes of iron ore.https://www.highnorthnews.com/en/swedish-grangex-successfully-acquires-iron-ore-mine-kirkenes

[kooba] 09/12/2023 13:39

NPV is a critical yet complex tool in the mining industry's financial toolkit. It offers a numerical estimate of a project's financial potential, providing a common ground for comparison across investment opportunities.



Also quick difference in terms of classification
At the heart of this lexicon are the terms "indicated resource," "inferred resource," "proven reserve”..

Inferred
On the lower end of the confidence spectrum is an "inferred resource." This classification implies that the quantity and grade of the deposit are predicted on limited geological evidence and sampling.

While inferred resources are too speculative to have economic considerations applied to them, they are considered a crucial early step in the resource definition process, indicating potential for further exploration.

Indicated
An "indicated resource" is a category within the broader classification of mineral resources. It signifies a medium level of geological certainty regarding the size and grade of the deposit.

To qualify as an indicated resource, the density and quality of data from exploration and sampling activities must be sufficient to allow for the confident prediction of continuity in both tonnage and grade between points of observation.

Essentially, an indicated resource is one where geologists can estimate the quantity and quality of the material to a reasonable degree of reliability, often using detailed geological and engineering information.

Proven reserves
In stark contrast to these resource categories stands the "proven reserve," the crème de la crème of mineral classifications.

Proven reserves have passed the critical test of economic viability. Not only is the geological evidence firm and the quality and quantity of the deposit well established, but the extraction of the material is also technically feasible and financially profitable under current market conditions.

In the proven reserve category, the highest degree of confidence is placed on the mineral content, and the mining method is usually determined.

[kooba] 09/12/2023 13:32

From the presentation , focusing on Parys. The numbers used from the PEA are just on the indicated resources at that time and using recovery estimates lower than they now have proved achievable.
Highly economic on a 12 year life.

“PEA 14ktpa CuE over 12-yrs with pre-tax NPV of $120m (> $270m at spot)”

$270m NPV at current metal prices.
£216M with 420M shares in issue
Over 50p of net value in the ground just on the historic PEA.
On any corporate activity the NPV is a key basis of value with transactions based at a discount to NPV based on deliverability but up to 40-50% of NPV possible..even using the PEA low ball figures you could see 10p a share for Parys.

As a brownfield mine with local and political support in a secure jurisdiction with good power and water access and good links to market through nearby port..it would very short term deliverable production at a low capex.

We still have some very significant inferred resources to move to indicated on the Northern Copper Zone as drilling work progresses which could only make those numbers bigger…and could be far bigger and from last communication offering earlier access to production than originally thought.

This appears highly fundable and i find it difficult to think someone doesn’t try and pinch it by bidding before all the pieces are in place.

Oh and then there is the iron ore interests ..the NPV attributable to Anglesey in the PFS on Grangesberg is worth more than Parys.

Hopefully the shares will reflect the underlying value sooner or later.

[calmtrader] 09/12/2023 13:05

Nope this the real deal

[benjamin15] 09/12/2023 12:58

Calmtrader
Still think this is being lined up for a pump.....