Anglesey Mining Share Discussion Threads

[folderboy] 14/5/2024 09:50

Just added at 0.01495p. Sadly I have far more from the 2p days - a fool and his money?

[broken_arrow1] 14/5/2024 09:49

IG will not allow any buys under 1.65p currently, other providers are 'at best'

All that is wrong with the market maker system on AIM is demonstrated here, why is the market so skewed to the downside all the time, are 'consortiums' majorly short of this sector, if so they have made a fortune over the last 3 years.

The only way for retail to breach these tactics is to place limit orders, I see from my volume charts AYM has fallen from 4.3p in Q1 2022 to the current level on exceptionally low volume, this is why they do not want buyers in volume to the upside, it also explains why there are so many bashers operating across all junior space bulletin boards..

[buttyboy] 14/5/2024 09:37

Generally speaking, if there is “sod all available” then that should nudge the price up, perhaps up to a point where sellers might sell, but, if shareholders are down in value, which they will be then they will not want to sell so ‘stalemateR17;!

[mininglamp] 14/5/2024 09:31

It is interesting that there has been no mention of the stake in Grangesberg for some time by the company other than the former CEO letting slip a deal was expected to complete in Q4 last year.

If they can deliver value from this very material stake then it would drive an instant rerate, one wonders if insiders have started to buy AYM stock in the market.

The shares hit 2.2p in January, a decent entry point presents itself right now.

[silverspoon2009] 14/5/2024 09:14

Sod all available online.

[spacedust] 14/5/2024 09:11

Sp is all that matters

[kooba] 14/5/2024 09:09

Note from WH Ireland on research tree..conclusionWHI View: The Parys Mountain drill programme has successfully demonstrated the continuity of mineralisation at the NCZ, and it has improved confidence in the Garth Daniel and Central zones. Drilled intervals from the NCZ extend over at least 700m of strike and 400m down-dip, mineralisation is recorded in intervals over 10's of meters. It is our belief that the drilled intervals lend themselves to low-cost bulk-mining methods and that this will significantly enhance the economic projections for Parys Mountain once feasibility studies are reported. We expect Anglesey will report an updated resource for Parys Mountain that we anticipate will include higher confidence resource categories as well as boosting contained metal. We maintain our fair value at 5.4p per share.

[pistolpete100] 14/5/2024 09:07

Yes - whilst progress here is painfully slow the market cap is still pathetic given where commodities are

[broken_arrow1] 14/5/2024 09:02

Is the dial about to move here, they are asking 1.65p for just £2k of shares currently - advertised offer is 1.5p.

[kooba] 14/5/2024 07:39

For sector interest SOLG announcement worth a look this morning , maybe alternative funding options are improving? Different scale to Parys but similar situation , as is PXC, again the shares have been very strong on funding progress expectations and a long overdue PFS being released. Definitely sentiment improving in the sector it appears.

[buttyboy] 14/5/2024 07:27

And remember, a lot of the negative feedback on here cannot be directed at Rob; he is here, one would hope, to point this in the right direction.

[calmtrader] 14/5/2024 07:07

I've spoken to a few people in the Mining industry and get very positive feedback on Rob

[trader465] 13/5/2024 21:13

It’s taken 2 years to drill 9 holes, how can anyone say that is good progress.

[mininglamp] 13/5/2024 20:06

Alan Green discusses AYM tonight on a podcast from 16 minutes.

[buttyboy] 13/5/2024 17:09

Spacedust; wishful thinking but it would be nice. !!

[buttyboy] 13/5/2024 17:04

Noccer, OK so it was planned to have 6 holes. Therefore, the fact that only 3 have been completed and marks the end of this current campaign, can only be down to cost.

The new CEO, who appears to be knowledgeable in this field, faces perhaps his biggest test … sourcing finance to do the work required. Doing drilling in dribs and drabs is hardly systematic and focus will be lost and the share price will linger.

The 4m void is interesting; it could be an old mine working but that would surprise me but there again so does a 4m wide void in what is otherwise competent rock, fault or no fault. Not all historic underground mine workings will have been fully surveyed and charted so who knows!

[spacedust] 13/5/2024 16:49

This must get to 11p immediately

[mininglamp] 13/5/2024 15:54

New CEO has a brief introduction today and comments

[noccer] 13/5/2024 15:45

Ah yes, North Wales Chronicle, an article on Mining in Anglesey, 1872. The mines "now extend to a depth of from 1500 to 1800 feet." So they did get down that far, but whether they went near the NCZ is a different matter.

[noccer] 13/5/2024 15:35

Buttyboy - 6 holes were planned over a 6 month drilling campaign (c3700metres over 25 weeks according to the RNS). They managed only 3 holes in 6 months. Jo was very positive about the drilling rate, and the holes didn't go twice as deep as expected, so I wondered if they originally planned 2 rigs.

I am pretty sure the old mines went down 1000ft, but thought I had seen a mention of deeper. Hopefully its a natural void - the RNS said it was a 4 metre void at 535m depth, and they stopped the drilling as a result. That is probably deeper than any of the old workings, so hopefully natural. I didn't know there could be large natural voids at such depths.

[spacedust] 13/5/2024 15:18

Buys continue yet share price stuck

[buttyboy] 13/5/2024 14:35

It does appear 3 holes in the NCZ marks the end of the current drilling campaign. At what point this was decided, who knows, but will inevitably be cost-related. TBH, the value added from 3 infill holes probably wont be too beneficial to an increase resource status. Let’s assume the cost of drilling is between GBP150-180/m including mobilization and demobilization plus assay costs and around 1600m have been drilled thus far (?) then that is costing somewhere between 240K - 290K plus assaying costs, freight etc., so if 6 holes were originally planned for the same meterage then look at twice the cost.

[spacedust] 13/5/2024 14:14

Loads of buys. Shame about the share price May end up red by Friday on thus fantastic news

[kooba] 13/5/2024 13:22

Good start he's a mining guy more than a market guy unlike Jo , but with Jo still on board hopefully will mentor through the comms and IR side. Not being a serial listed mining executive will play a very straight bat. Looking forward to a reserve update and hopefully some initial context against the existing PEA...and when we might expect to see all the data and permitting combined in a PFS that can then be taken to serious investors for funding.