Anglesey Mining Share Discussion Threads

[buttyboy] 28/3/2024 08:12

trader465, OK, I don't interpret it exactly the same way as you and by saying this I am NOT supporting the AYM methodology. If you do a detailed Canadian company search you can see who the main owners/shareholders of LIM are. The way I interpret this is, AYM have continuously diluted themselves down because they have never had foresight to raise sufficient funds when the AYM share price was much higher than it currently is to maintain their position. Arguably, the LIO operations have good upside, one might argue more so than Parys Mt., but not owning 67% of an operation does perhaps raise eyebrows. The directors and management of LIO would have been responsible for their own corporate governance and that, unfortunately, cannot be blamed on AYM.

[trader465] 28/3/2024 04:33

From memory AYM shareholders bought 33% of LIM, they now only hold 12% because the LIM directors have drawn salaries from the AYM shareholders funds donated to LIM. The web of companies and interbred directorships is all part of a big money-go-round for the boys club.

[buttyboy] 27/3/2024 22:00

AYM hold 12.5% of LIO so you cannot really tie LIO salary/fees etc into AYM outgoings!

[goggin] 27/3/2024 19:24

Labrador Iron Mines Holdings Limited55 University AvenueSuite 1805Toronto, ON M5J 2H7Canada647-728-4104https://www.labradorironmines.caSector(s): Basic MaterialsIndustry: Other Industrial Metals & MiningFull Time Employees: Key ExecutivesNameTitlePayExercisedYear BornMr. John Francis Kearney C.S., LLM, MBAChairman & CEO110.39kN/A1951Mr. Richard PinkertonChief Financial Officer105.97kN/A1969Mr. Rodney Alexander Cooper M.B.A., P.Eng.Chief Operating Officer170.33kN/A1958Easiest way to screw shareholders- pay yourself a Hugh salary and keep selling bs

[buttyboy] 26/3/2024 22:56

It's been 3 months of no effective management so surely there must be a new incumbent imminent. Easter weekend is practically upon us; its generally not ideal to put good news out at the end of the week (Thursday) and Monday 1st ("April Fools") is a holiday so are we to expect something on Tuesday. Who will this person or persons be??

"Devon cream tea scones" .... an omen perhaps??

[j5thumbs] 26/3/2024 19:32

Nope - just giving credit where credit is due. There is more intelligent discussion on ADVFN’s AYM thread than the threads of most FTSE100 participants. 😉

I still doubt I’ll ever see break-even again with my AYM holdings … I don’t expect jam today, or even jam tomorrow, but somehow doubt that my Devon cream tea scones will be sweetened any time before I shuffle off to meet the great stockbroker in the sky.

And I do suspect that AYM’s investment in Grängesberg is not going to turn out to be the great white hope predicted by some.

[buttyboy] 26/3/2024 14:00

j5thumbs, you sounds quite upbeat; has the share price gone up or is there something you know which we don't?? Just checked, its not the former.

[j5thumbs] 26/3/2024 13:11

I love this thread for its reasoned and intelligent (mostly) and in-depth discussion … unlike the FRES thread which has been an utter basket case for quite a while. :o)

[kooba] 25/3/2024 13:39

Most research in small caps is paid for either shop research or edison type ..it all costs money ..something this company doesn’t have much of ..i think if we can get the PFS done we will have something to crow about in terms of deliverable returns which will demonstrate the very large value of the project ..the real difference here and i agree the geopolitical backdrop comments is that this is deliverable on a short timeframe relative to just about any economic copper project..many have problems with planning ( we already have mining licences) power or logistic links to market as well as local opposition..none of these things are issues here and there is a genuine will to get this up and running. Considering the funds recently committed to improving Holyhead Port it would be disappointing if at some stage there is not some governmental support to get this over the line and start creating employment.
I agree we do need a good ceo who has moved projects through development , that i am sure is a priority.
Once we have a PFS yes we should be singing the economics from the rooftops in the meantime need to focus resources on getting that PFS delivered with the largest recoverable resource moved to indicated we can. There still might be much more to go for but the work on NCZ seems smart and will significantly boost NPV.

[buttyboy] 25/3/2024 13:04

Kooba, I couldn’t agree more on lithium (whether carbonate or hydroxide); its down approx 70% year on year. The initial appetite for EV’s isn’t there anymore but nevertheless look at the market caps of these companies. Copper is on the ‘up’, it’s a shame AYM isn’t. I was a shareholder of Cornish Lithium but got out after I made a reasonable return. I know Cornish Lithium hasn’t a FS or PFS and after a check just now, neither has Cornish Metals, although the latter is upping the game plan with underground infrastructure refurbishment shortly.

So, as you state correctly, copper is running high; lithium not so; so where is the research notes from the brokers/analysts making full traction of this?? Where is the IR and PR drive to coincide with copper pricing??

Head held high, chest out, biceps pumped should be the approach for AYM right now … get noticed and that re-rating you had previously mentioned might well happen!

[kooba] 25/3/2024 12:29

“BUT this doesn’t have to be the case; look at both Cornish Lithium and Cornish Metals (both operational in Cornwall !!) and think to yourself what have these managements done different to that of AYM over the past 18-24 months.”

I own some of these , as far as i am aware neither of these linked projects have produced a feasibility study yet so although they are better financed ..think folk got excited at the prospect of lithium when it was riding high they are some way from production it seems as well so are exploration stage.

Lithium is still under the cosh whilst copper is making good progress…IR17;d imagine the economics on Parys are far better over the past few years whilst lithium are probably looking dire for now.

“At the end of last week, lithium carbonate was fetching a price of US$13,786 per tonne. This is down slightly from US$13,808 per tonne a week earlier.

And if you're wondering how this compares to recent times. The 2022 average lithium carbonate price was US$63,232 per tonne and the 2023 average was US$32,694 per tonne.

Moving on to lithium hydroxide. It is currently commanding US$9,616 per tonne. This is down a touch from US$9,656 per tonne the week before.

This compares to the 2022 average of US$59,190 per tonne and the 2023 average of US$32,452 per tonne.”

hxxps://www.fool.com.au/2024/03/25/what-is-the-current-lithium-price/

[danmart2] 25/3/2024 12:04

Sell Parys , the land is worth more than the market cap

[j5thumbs] 25/3/2024 09:18

Buttyboy, understood and mostly agreed. My reference to 'geopolitical' was actually to highlight the potential upside to AYM being in Wales, and to a lesser extent Grängesberg, both being in largely supportive locations. But so far, the major players seem happy to accept the risks of operating in unstable locations where bribery and violence are the norm.

I wonder how much progress Grängesberg is actually making, given that their neighbours GRANGEX market cap has now slumped further to £12m (from £60m last June). And as for LIM ...

[buttyboy] 24/3/2024 22:00

j5thumbs; "where next" .... how about this as a starting point; don't look at Parys Mt as a mine just yet, instead look at it as an advanced exploration ("Brownfield site") play so the upside is there and remains there, all being well, until all ducks are in a row. The moment you start producing/mining and stop exploring is when your share price levels out at best and we don't wont this happening where we are right now, do we? I agree with past comments, past management have been "off the ball" (I'm being polite), but there is upside here as long as we focus and believe in the way forward. This can be done with the right leadership. Geopolitics doesn't really come into it; the primary project is in Wales, not Angola, Zimbabwe or the DRC, so geopolitically it is safe but there will be hurdles and these hurdles include a challenging CuEq grade and environmental issues, hence the need to treat this as an ongoing exploration play..

[j5thumbs] 24/3/2024 20:03

I think you pretty much summed up AYM’s situation, Kooba … “without a clear route to funding it leaves it at a huge discount due to the uncertainty”. Presumably some of the major players have already run their slide rule over the prospect and not bitten, and I can’t see endless infill drillings changing their minds without some major shift in geopolitics. So where next?

[pigeons] 22/3/2024 16:46

Can not buy or sell at present.

[kooba] 21/3/2024 17:05

This is not the only market cap in small companies that bares little relationship to its true potential underlying value. But i have seen sudden reratings when a wider audience actually does the homework to take a reasonable view of an asset and the likelihood of the company delivering. Here as with other mining projects there appears no shortage of quality data supporting the development though without a clear route to funding it leaves it at a huge discount due to the uncertainty.
I obviously have far more faith in the 185 page PEA signed off by a senior economic geologist pulling the data together but there again i have looked through it. They are a very useful recognised guide to the likely economic outcome of development ..but hey ho.
I have no idea what Boris Johnson has anything to do with this ..it’s quite a straightforward mining proposal thats been festering for years under a previous management that delivered little and now it is finally being moved forward.

[buttyboy] 21/3/2024 16:36

Kooba, you should definitely be in charge of PR and IR for this company; you have shown more pro activity and knowledge in this regard since i cant remember when!

If all this knowledge and independent professional reports are out there, why is AYM dwindling around 1.4p and <6m market cap?

You said it, PEA’s are a basic study of ventures. I’ve yet to witness a PEA correlating with what actually develops (if at all) but hey ho; there is more likelihood of Boris Johnson and Dianne Abbot working together on a new political party!

[kooba] 21/3/2024 16:07

Reading the strategic report in the last report and accounts I think would be of use.

It might clarify some points that you seem confused over.

[spacedust] 21/3/2024 16:06

Gold up
Copper up

This bag if shttt down

[kooba] 21/3/2024 15:59

I suggest you bother reading the PEA..very informative and a globally recognised basic assessment of mining ventures , they are produced by industry experts to a high degree of detail. Obviously PFS is a higher measure which I hope is currently being progressed.

The local community , Welsh assembly and National Government have all shown support for this project. Copper is recognised as a critical metal for ensuring security of supply for meeting net zero targets in the USA and there’s a good chance here too in the near term..though I am aware of only one U.K. based copper project.
A local green energy supply and water supply are in place and Angelsey Mining says it looks to be a sustainable producer , you can check on how they make that claim. There is no green revolution without affordable and abundant effective conducting materials…..copper.

Angelsey is a struggling area with recent closure of a number of big employers.The development of the mine and the operation would create quite a number of local jobs and would be a big boost to the local economy and having a wider impact. ( direct jobs when up and running 150 + ..local ancillary jobs likely far higher.

I don’t mind valid arguments against Parys , if you have any.

[buttyboy] 21/3/2024 15:40

Kooba, you are obviously far more knowledgeable on this topic than me. I would not take too much notice of a PEA; PEA’s are a Canadian teaser to get a company to invest in more drilling and metallurgical test work and entice independent consultants into the realm to make the mineral industry look good. And, I forgot to mention, Wales I see has a newly appointed First Minister and with their 6-month old 20 mph speed limits in most built up areas now being implemented, getting to and from the project will make the past 15-20 years or so of “advancement&#8221; seem like a ripple in the Irish Sea.

Noted your comment on underground mining; I hadn’t realised, my error.

[kooba] 21/3/2024 15:16

There was never an intention of any open cast surface mining all subsurface access through existing mine shaft. And the PEA has already shown it to be very economically viable with the indicated resources from several years ago.. that figure is being enhanced by further drilling firming up resources and the proven better recovery grades and improved PM credits. The grades are certainly economic ..I’m sure the PEA is properly considered not just made up with limited knowledge.
To refresh

Current metal prices would transform that NPV to over $250m.
To refresh NPV


It is not the company’s responsibility to clean up the historic mining area which is a protected site in its current form anyway and already have spoil plans in place for underground mining..though I believe they have offered to tidy elements of the wider site as a voluntary decommissioning gesture.

It would be good to get some clarity on management I agree but best to stick with some facts on the project.

[buttyboy] 21/3/2024 14:57

Kooba, the first video, shot with a drone obviously, is interesting; it shows what is a very heavily oxidized environment hence the open-pit operation in its day (there will be no roots, Welsh or otherwise, breaking through that ground!). Today though, you wont get away with that, so it is underground or bust and with the combined metal grades so far, BUST is potentially where this will go …. UNFORTUNATELY. Lots more drilling required, lots more funding required, and make sure there is a rehab fund because looking at the nature of the heavily oxidized surface any stagnant water there will be highly acidic.

The second link is that chap Alan Green whose name is on some of the more recent RNS’. He might be just a little bit biased.

I sincerely pray they rearrange themselves and deliver shareholder value for once.

[kooba] 21/3/2024 13:06

No PR background no…and i don’t even know what you mean by ghost directors? Shadow directors? Are there any??
I have been invested in the idea and the company for several years..predominantly the Parys asset…maybe my Welsh roots coming out. I alighted on the company when i was looking for small copper plays that might attract interest on the net zero wave many years ago ..that has not proved to be a wave that floats many boats.
But the economics of the project are compelling and i hope they find a way to deliver value to shareholders.
I trust your holiday and visit to the mountain goes well.

The Angelsey Mining operation shown here in context