Anglesey Mining Share Discussion Threads

[bodgit] 21/5/2024 09:17

Fwiw, I also agree. The takeaway for me is it likely will be 2025 before we get the full picture and hopefully volume output/money in from the mine. I want to hear soonest about what is happening with Grangesberg. Gla.

[pistolpete100] 21/5/2024 08:27

Good interview - clear and concise

[calmtrader] 21/5/2024 08:18

New CEO interview https://youtu.be/ubaaUaZ3vL0

[mininglamp] 20/5/2024 11:11

From X today

[mininglamp] 20/5/2024 07:56

Copper is on a bull run and it could last a very long time, finally the penny has dropped that demand will far outstrip supply.

The sector has been on it's knees since 2021, it will now bounce and those circa 60% to 90% losses will be reversed.

You can either sit on the sidelines and watch or buy the lows now and prosper.

[silverspoon2009] 20/5/2024 06:40

Copper price is flying, all boats will rise.

Took 250k of these last week and will take more this week.

[kooba] 20/5/2024 06:26

Agree buttyboy there is no evidence of shorting and highly unlikely there is ability to borrow stock..unfortunately it is just legacy selling from poor quality fundraisings over the years in my view.
All points as to why the shares do not reflect the underlying value at the moment are fair and maybe a combination as you suggest.
As well as the debt position the share register is also a cause for concern i guess..the motives of the largest shareholder are unclear.
I think the company needs to provide a roadmap to development with some realistic timescales and likely funding requirements and options , also how they might propose getting this moving ahead whilst the environment for metals is prompting an improved sector sentiment.
The economics from the prevailing metal prices and the further shored up nature of the increasing reserves , the deliverability of the project from secure brownfield location,existing mining licence , good infrastructure and local support all mean this is a very valuable asset and that production could be achieved on a very short term basis (relative to any greenfield project in the wilderness!) . I would estimate from full permitting and funding this could be producing 18-24 months which is highly attractive. The scale of the net return and this deliverability are certainly not reflected in the current valuation.
The company has reputational legacy issues but a fresh ir push with more clarity on such a roadmap could well put us on the radar and bring interest into what is a unique uk copper play. There may be better quality funding interest as the sector has become hot. Here’s hoping

[harry_david] 20/5/2024 05:38

They are good buying, and cheaper relative to mineral prices than for a long time. One good drill hole and these will be much higher.

[buttyboy] 19/5/2024 22:22

I am not sure I agree with all these comments on short positions with AYM. The stock is quite illiquid given its share price so the upside in the short term for these shorter's will be very limited; perhaps a pie and a pint in Mayfair.

Secondly, there is the old saying: share prices will rise with good exploration results, especially with buoyant metal prices, and flatten or fall with mine construction. AYM should be higher right now so scrutiny needs to be undertaken to see what the log jam is; is it the debt?; is it management?; is it lack of cash?; or is it a combination of all 3 plus perhaps more?

[m1sterx] 19/5/2024 20:28

ML

The trolls to who you refer are just that, operating on all bulletin boards, you make a good point re shorts, they have had it good for 3 years but the tide has turned, now is the time to go long this sector.

[noccer] 19/5/2024 17:41

Surely using that logic no new mines will even be built, only currently producing mines will get investment. The green revolution will be dead (probably is anyway on the timescales many are asking for). Maybe the gains are not attractive enough to warrant the risk of investing in a new mine, compared to the relatively safe returns an existing miner can produce when there is a shortage. This seems to apply both to PIs and larger investors and the major companies - who seem more intent on buying each others assets than developing new ones.

[mininglamp] 19/5/2024 17:40

What a ridiculous statement above, of course the strong copper price has a bearing on AYM, only a troll or a shorter would suggest otherwise.

The strong copper price offers opportunity for JV, project finance, corporate activity or even outright sale. All of these would be value creative.

I am afraid the short positions have had their time with these minnows having made a fortune since 2021, money is returning to the sector, just watch how fast these minnows will deliver upside.

Anyone short right now needs to close, they are the wrong side of the trade, remember shorting losses can be unlimited.

[kennyp52] 19/5/2024 16:36

lol .. AYM has zero copper to sell . No mine . No cash. Good luck to speculators but the reality with AYM is the copper price taking off is off very little use when you don’t mine any 🤷‍a94;️

[kooba] 18/5/2024 22:23

https://tradingeconomics.com/commodity/zincZinc is also enjoying a better performance and is key to economics of early production plans I believe.True the costs might have increased to an extent but the metallurgical report also indicated savings in processing from earlier assumptions made..whatever the increase in capex say a 20% increase in capex costs is somewhat lost against the increase in metals to be mined.

[buttyboy] 18/5/2024 20:55

I don't wish to stick a spanner in the works here; it's all very well discussing increasing metal prices BUT don't forget operating costs have increased too hence the importance of the planned PFS.

[kooba] 18/5/2024 19:25

And just with current prices before any resource uplift or greater recovery rates guessing NPV well over $300m...economically an exceptionally strong case and hopefully fundable with alternative financing...still interesting where QME are with it all as that imo makes things very interesting.... "the contractors have an option to earn-in 30% of the project in return for self-funding the underground development". If they do all the underground work forming a substantial part of capex cost say $40m at a guess in exchange for 30% interest that leaves the 70% left worth over $90m..it would be a real world valuation by mining experts.

[calmtrader] 18/5/2024 19:13

Indeed. And these are from PEA ..so you don't have to be a mathematical genius to see the value using current pricesThe expanded Case C produces the most attractive financial returns, indicating a total cash operating surplus of more than £408 million over a 12-year mine life, which translates to a pre-tax net present value discounted at 10% of over £96 million with an IRR of 26%.

[kooba] 18/5/2024 17:10

And the recovery rates from the metallurgical reports end of last year..Jo Battershill, Chief Executive of Anglesey Mining, commented: "We are very pleased by the preliminary results from the metallurgical testwork on the White Rock and Engine Zones, which have demonstrated that the assumptions used in the 2021 PEA are potentially on the conservative side. The results show that the overall metal recoveries appear to be better than expected, particularly for both copper and gold. It is also very positive to confirm that the Parys Mountain deposit is amenable to both DMS and XRT pre-concentration methods with the potential feed grade increased by over 50%." "Successful pre-concentration has many benefits ranging from increased feed grade into the processing plant, lower volumes of tailings for disposal and the potential to build smaller, lower cost processing infrastructure. We will now look to investigate the relevant capital and operating costs for each option to determine which is the most optimal route to move forward with in the planned Pre-Feasibility Study."

[calmtrader] 18/5/2024 17:03

Look at the prices used on the last PEAThe base case economic model in the PEA utilized three-year trailing metal prices of $2.81/lb copper, $1.20/lb zinc, $0.95/lb lead, $16.67/oz silver, and $1,459/oz gold,

[spacedust] 17/5/2024 12:37

Debt and funding will come from placing shares billions of it. This is a basket case hated by MMs.

[buttyboy] 17/5/2024 11:07

I see a little bit of sustainable rise in the share price now; it will happen slowly and surely. Has anyone got any insight into funding initiatives because this is what the market is waiting for now?

The other thing I believe the CEO should be explaining right now is how the debt is structured because from a wide viewpoint this might seem like a massive overhang whereas perhaps it isn’t as bad as its bite!

[spacedust] 17/5/2024 08:57

Well gold at all time highs yet gold miners share price no where near all time highs

All that matters is the dollar. When the UsatansofA cut their rates everything will.go up regardless of whether they have gold or copper or any cash or anything else for that matter.