Anglesey Mining Share Discussion Threads

[mrmcnee] 02/1/2024 11:16

Reading between the lines re the interview it looks like they are closing in on a deal for the Grangesburg Iron Ore project. It would make perfect sense, create significant value from either a JV or stake sale and concentrate on Parys Mountain.

The CEO suggested they have been in talks, almost hinting a deal had hoped to be delivered towards year end, well watch this space indeed.

By the recent share price strength tells you all you need to know.

[folderboy] 02/1/2024 11:08

Agreed it's good - prompted me to add a fair few . . and, of course, down it ticks!

Temporary I am sure.

[calmtrader] 02/1/2024 10:57

Great Presentation

[folderboy] 02/1/2024 09:58

Watching interview with Mr Battershill as I type. It's long,informative.

[benjamin15] 02/1/2024 09:16

Yep looking like it wants to go on a run, gla...

[broken_arrow1] 02/1/2024 09:11

IG now asking 2.1p for 500k+ shares.

[mininglamp] 02/1/2024 09:06

New tweet a few moments ago

[mininglamp] 02/1/2024 09:01

It is clearly game on here for a significant re-rate, if as has been implied they have hit a 100m thick copper zone in the recent drilling campaign then you are talking about a potential world class discovery, the market is yet to wake up on AYM.

Look at what has happened to EEE, now a £80m m/cap, it took a while for the market to latch on there also - AYM sits circa £7m m/cap !

[broken_arrow1] 02/1/2024 08:44

Nothing available online at offer currently, premium being asked for modest size, looks like a background buyer.

The chart has 2.45p+ written all over it near term, with the gap to 1.95p now about to be filled.

[kooba] 02/1/2024 08:43

Paying premium for size..nice start to the year.

[benjamin15] 02/1/2024 08:29

Could see 2p today 👍

[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 !!