Anglesey Mining Share Discussion Threads

[benjamin15] 20/12/2023 08:37

Bit quiet in here today...

[trader465] 20/12/2023 04:30

wisteria - I don’t have a problem, and how do you know what I hold?

[spacedust] 19/12/2023 18:18

Going down on buys what a awoke

And rns out

[wisteria2] 19/12/2023 14:29

trader, what's your problem? you don't hold any shares!!

[trader465] 19/12/2023 13:59

The last assays didn’t take weeks, they took months. Every month delay costs shareholders £100,000

[wassapper] 19/12/2023 13:44

No it does not say that "news expected in Jan if you mean assays. It says Q1. These things generally take weeks these days.

[trader465] 19/12/2023 13:21

£1m in cash doesn’t mean they can spend £1m. After current liabilities they had £700k to spend. Salaries, perks, drilling and assay costs will soon eat that away

[mininglamp] 19/12/2023 13:17

Very positive cash position as of end September of nearly £1m - interesting comments concerning Grangesberg, drilling activity at PM and news expected in January.

Possible corporate action ahead, looks good.

[trader465] 19/12/2023 13:14

Lol if they sourced non dilutive financing then shareholders wouldn’t have to endure the value disttructive dilution to fund the salaries and perks.

How much is Don the con getting paid? Why do they need a full-time site manager? What are his day to day hours and duties?

[calmtrader] 19/12/2023 13:01

Yep that's ridiculous you would have thought the company value enchanting drilling would be free!!!

[trader465] 19/12/2023 12:54

The loss for the six months to 30 September 2023 was £604,787

Net current assets as at 30 September 2023 were £711,635

Cash burn is around £100k per month, they’ll run out of money ‘again’ by the end of March 24 or perhaps before.

[wassapper] 19/12/2023 12:22

RNS out . Half year report. Still looking for a CEO :-(

[benjamin15] 19/12/2023 11:38

I'm hoping it's a re-rate myself, This is well undervalued considering it's assets. I'm also hoping we are all rewarded for our patience with AYM.

But on the other hand like spacedust said it does happen,

[ged5] 19/12/2023 11:37

Coming off close to all time lows it was good to see the recent rise. I noticed RSI of 54 being quoted earlier on the thread which was true for 3 year or more time frames. For the 1 and 2 year charts RSI was almost 90 so hardly surprising there are some sells.

Interesting board changes recently that led to speculation of corporate activity but surely they are going to need some cash fairly soon.

[spacedust] 19/12/2023 10:56

Pyc was pumped and dumped from 1p all the way to 32p all in 4 days of trading a few yrs ago

[j5thumbs] 19/12/2023 10:47

Having said that, I’m still hanging onto my AYM shares - it is starting to get interesting.

[j5thumbs] 19/12/2023 10:45

Pump and dump could never happen amongst small cap miners. Mining bosses have always upheld the highest ethical standards known to humankind, and the expression ‘salting a mine’ is actually a culinary reference to Jamie Oliver’s seminal “Cooking with Unexploded Ordinance”. So there !

[mininglamp] 19/12/2023 07:56

It looks to me a genuine re-rate is ongoing following the analyst visit and the high grade drill cores on site that are due to be RNS'ed in the next month following lab results.

Every man and his dog knows AYM's projects are worth many many multiples of the current £7m m/cap but it now appears the company is starting to get it's act together after a long period of being dormant.

I think the share price will continue to appreciate, it was happily trading in the 3p/4p range before the ill fated move to AIM and JB did shareholders no favours with low priced placings, it now looks like the company may seek project level finance instead or some other non dilutive route.

This is most definitely not a time to be out of the stock IMO.

[kooba] 19/12/2023 07:28

The idea of a "pump and dump" is that vested interests normally spread false rumours dragging in retail and then dump on the poor unsuspecting retail hoping for a quick buck.It is a set up by professional operators. Nothing here remotely looks like that.The term is used far too often and out of context on these boards by folks who maybe don't understand how the markets work. The shares here are drawing attention on real progress and announced positives , there has been a fair bit of news flow with more to follow that so far indicates the value of a key asset Parys is worth far ahead of the current PEA suggests and the strong economics of the project are likely to be even stronger. Investors are buying in on emerging facts not on any pump.

[calmtrader] 19/12/2023 07:13

Who's doing the pumping..haven't seen any

[kooba] 19/12/2023 06:27

Think most investors have been following Swedish green steel and commenting for quite a while. Whilst this might have some bearing in the future of our Grangesberg asset is not involved in any way as of yet. Our sub surface "caverns" are flooded..but they are looking are electricity storage post further mining which is interesting.One of the issues of the green steel revolution is getting high grade iron ore..the current green steel project in Northern Sweden has sourced this from abroad i believe which is hardly green due to transit carbon footprint which does mean that more local brownfield mines such as Grangesberg could be more attractive to get back up and running.Electricity storage at Grangesberghttps://www.minestorage.com/mine-storage-and-anglesey-mining-to-investigate-potential-for-energy-storage-at-the-grangesberg-mine/

[benjamin15] 19/12/2023 06:02

Space dust
I had been saying pump then dump and then probably another share issue but I was shot down🤔

[hyperal] 19/12/2023 00:26

Hopefully AYM investors will follow this ADVFN AYM thread now.
From my recent post on another investment chat channel
"Hydrogen at Grängesberg 18 Dec 2023 23:55
Hybrit - " SSAB, LKAB and Vattenfall are making a unique joint effort to change the Swedish iron and steel industry fundamentally. Under the name HYBRIT, we are working together to develop the first fossil-free steel." " Much of the research and development of this is taking place at the old caverns at Grängesberg, but I don't know if AYM has a share in these caverns. LKAB own the Kiruna iron mine.

[spacedust] 18/12/2023 20:28

Or pump then dump.