Anglesey Mining Share Discussion Threads

[lookingforhelp] 02/1/2024 08:25

Such a clown. Clearly the syphilis has advanced further...

[trader465] 01/1/2024 14:06

Happy new year all….AYM investors could well be disappointed with increasing negative news flows and placings

[wisteria2] 01/1/2024 12:20

Happy new year all.... AYM investors could well be delighted in 2024 with increasing positive news flow on all fronts...

[kooba] 31/12/2023 21:15

Would I be surprised if there was some state sponsored funding , not at all. If the critical metals line is correct and the project creates direct over circa 100 local jobs and further dozens of experienced metal mining workers into a very downtrodden part of the U.K. plus the far larger ancillary work around it then more direct grants you would hope would be forthcoming nearer term to get the feasibility studies to a bankable position and then further assistance in progressing the funding. I don't believe in the state splashing taxpayer cash into private ventures but the returns to the local area and the country for some assistance to get this over the line would be multiples of some grant funding even on a £1m or so at this stage. See what 2024 brings but Parys has never been in a better position after a few years of professional management.

[calmtrader] 31/12/2023 13:00

Going back to funding I think in the Alan Green podcast I'm sure he mentioned about Cornish Metals getting a large grant from the UK infrastructure bank..interesting that he mentioned that!!

[kooba] 31/12/2023 11:55

A development partner would still effectively put a value well in excess of book to Anglesey even if it did not present short term cash. It would however show a route to development of what is a prospectively huge asset.

[calmtrader] 31/12/2023 10:36

From the Half year report "Progress at the 49.75% owned Grängesberg iron ore project in Sweden included ongoing discussions with potential development partners "

[bodgit] 30/12/2023 12:15

kooba, fwiw, I agree with you on the wish to monetise Grangesberg in some way with some of (?) the proceeds supporting capex at Parys. Given the amount of interest and activity reopening former Scandinavian iron ore mines to support the developing European green steel industry, I would be beyond disappointed if there weren't active discussions going on between AYM and interested major parties. To state the obvious, time will tell. On that note, best wishes to all shareholders here for a happy, healthy and prosperous 2024.

[kooba] 30/12/2023 12:00

It would be good if they could monetise Grangesberg it would provide funds to avoid further equity dilution to get Parys development capex funded combined with QME it could provide the full core equity funding to be able to seek alternative funding options such as off take , royalty , metal loans out there. It would also send the shares flying if the thought of further drip feed placings were taken off the table.There is action in Scandinavian brownfield iron ore assets https://thebarentsobserver.com/en/arctic-mining/2023/06/swedish-developer-plans-build-greenest-mine-kirkenes

[calmtrader] 30/12/2023 11:12

Very big re-rating incoming!! Throw in a bit of Grangesberg & even Labrador and 2024 s/be very good!!

[kooba] 30/12/2023 06:38

Yep also on page 15 of presentation it shows NCZ open at depth along strike..so could be significantly larger.https://www.angleseymining.co.uk/wp-content/uploads/2023/12/Dec_23_presentation.pdf

[lookingforhelp] 29/12/2023 21:27

Slide deck shows c.1.2km.

[benjamin15] 29/12/2023 19:56

Good luck, I'm out as soon as I get my money back (hopefully I will), this been going on for years....

[kooba] 29/12/2023 19:00

Did he say how long the structure extended previously , I thought he said over a Km.Bonanza !!

[calmtrader] 29/12/2023 15:12

"NCZ up to 100 metres thick"!!

[kooba] 29/12/2023 12:52

The point of acknowledging the current copper price is back levels higher than the start of the year ..it feeds through to trailing average...with a highly attractive rate of return before before other positive variables are factored in..NPV3% jumps to $289m, 39% IRR• Current 3-yr trail av. ($3.69/lb Cu, $1.33/Ib Zn)• Potential for significant upside• Recovery uplift for NCZ (80% in PEA to 93%)• Increased mining rate for NCZ• Multiple exploration targets

[calmtrader] 29/12/2023 09:49

The NCZ should transform the NPV numbers massively to the upside..and just not reflected in the SP

[kenwrong] 29/12/2023 08:38

This is looking good for the New year. Just on Twitter, an interview with Jo Battershill on Jan 2nd and a preview published here

[kooba] 28/12/2023 19:26

It's a marathon not a sprint ! Much prefer a slow steady recovery with the stock going into informed long term hands than any speculative spike. Though if the NCZ comes up trumps the extrapolation into the economic viability models combined with the improved recovery rates and likely earlier scale copper recoveries as well as precious metal credits means it becomes even more of a no brainer . At that point the market should wake up ...or a mid to large player will make an offer that can't be refused.Most fresh discoveries can take a decade to get to production if they get approval .Parys could be up and running within 18 months of a funded feasibility study..there are no known obstacles.

[calmtrader] 28/12/2023 18:59

Well I didn't get my blue finish..maybe tomorrow

[benjamin15] 28/12/2023 09:33

Buy above offer 👍

[calmtrader] 28/12/2023 07:56

Let's have a blue day today

[lookingforhelp] 27/12/2023 11:18

Lots of money is required to build any mine......I always find it amazing that some people on these forums who claim to be invested in junior miners rage when companies raise more money to advance a project then come back for more once they've spent the last lot.There are clearly some clowns out there like Trader and Spacedust who really shouldn't be putting their pension/disability cheques into junior resource companies.

[kennyp52] 27/12/2023 09:43

How much capital is required to build a mine ?? Is this another pump for a placing to keep the lights on ?