Anglesey Mining Share Discussion Threads

[calmtrader] 06/6/2024 09:50

Simple formula for placingsIf they are value enhancing no issues If not no good

[kennyp52] 06/6/2024 09:22

Depends buttyboy .. AYM have been diluting and achieving zero for 30+ years 🤷‍a94;️

[buttyboy] 05/6/2024 07:52

Dilution is a necessary evil, trader465. Yes, a fund raising must be imminent or at least be required, as they must be running on vapour cash at the moment! However, the price at which this is done can be somewhat governed by constructive IR and PR .... this has been mentioned before:
1). All microcap's need constant bombarding news; last weeks news is old news;
2). Get management to publicly explain the debt mechanism because the word "debt" is generally regarded as negative; in this case the debt outstanding, however it may be interpreted, is roughly 50% of the current market cap.;
3). Let's get a bit of proactivity here; we saw or perhaps most of us saw (not everyone will watch podcasts) the new CEO speak about plans and how he has brought on site at Parys some former work geologist colleagues (ex-Rio Tinto) ... OK, brilliant .... BUT??
4). The capital markets are still quite dire despite the general upbeat metal price forecasts but to get at the front of the queue you need to have a compelling message; this, I feel, is not happening here.

EOM.

[trader465] 05/6/2024 02:15

They had £1m last September, that must be down to the last few shillings, me thinks another placing is imminent. At what price? And then how many shares will be in issue?

[pistolpete100] 31/5/2024 19:51

https://x.com/robert_ivanhoe/status/1796595974564966828?s=46

[danmart2] 31/5/2024 10:52

Sell Parys, it’s worth more as land than the market cap

[buttyboy] 31/5/2024 10:45

Interesting video clip, calmtrader, although a bit repetitive at times, not helped I suppose with the line of questioning. It is more or less along the same path as one of my comments on this thread a few days back. Fingers crossed, Diane Abbot wont be doing the math !!

[calmtrader] 31/5/2024 10:00

A great big fat grant coming AYM way after the election?https://x.com/gbnews/status/1796463156262310027?s=46&t=Eq7T3qYOfnR2zrro-cygFw

[buttyboy] 30/5/2024 16:22

I don't know where this philosophy comes from reference the market makers?? The MM's have zero to do with the price of this stock. The vast majority of people who hold this stock do not wish to sell at 1.58/1.6p and potential buyers don't want to be paying more hence there is very little, if any, stock available. The approx 220,000 shares traded today at, say 1.6p, equates to £3520 ONLY!! MM's are not interested one little bit in a stock with such low liquidity because they couldn't manipulate it even if they wanted to !!

[laserdisc] 30/5/2024 15:55

latest i have is Last Quote 0.158
for 500,000
30/05/24
15:52:08

[broken_arrow1] 30/5/2024 15:45

It appears there are only 100,000 shares left at 1.6p currently, a move up looks likely.

[mininglamp] 28/5/2024 11:38

Once again the MM'ers are playing silly with the SP, cannot buy any size currently and then asking 1.65p if you want just £3k's worth.

News must be due on a number of fronts, especially Grangesberg which could possibly deliver significant shareholder value imminently, strange the new CEO never discussed this project in recent interviews.

[spacedust] 28/5/2024 09:57

I've heard that since the price crashed from 11p.
Copper could be trillions of dollars it won't make sht all differnce here.

Why? Coz the current copper price hikes have done sht all diffrrnce thus far

[mininglamp] 27/5/2024 19:45

Buyers have been coming for AYM stock for the last 2 weeks, a re-rate seems inevitable.

[calmtrader] 27/5/2024 16:22

Time for us to say goodbye to the 1's and move into the 2's !!!

[kooba] 25/5/2024 18:19

Fingers crossed would be interesting if they just updated the metal production forecasts and improved recoveries into the PEA with current prices..and made a reasonable estimate of what it would look like now ..perhaps commenting on any likely opex and capex impact.

[calmtrader] 25/5/2024 18:08

Not sure I agree with that but can see it in the $15k range for a long period and if we are producing by early 2026 we will hit the sweet spot

[kooba] 25/5/2024 17:25

From the FT..think this guy might be long of copper !!Hedge fund manager Pierre Andurand expects the price of copper to almost quadruple to $40,000 a tonne in the next few years as soaring demand causes global stockpiles of the red metal to run low.Andurand's conviction on the copper market has helped his $1.3bn Commodities Discretionary Enhanced fund rebound from a 55 per cent loss last year that came as his bullish oil wagers backfired badly. The fund is up 83 per cent this year, with the gains coming from a broad range of commodities, according to people familiar with the performance.Copper, a critical metal at the heart of the energy transition, has risen almost 20 per cent this year, touching a record $11,000 a tonne this week. But Andurand, one of the world's best-known commodity traders, thinks the rally has much farther to run, as supply struggles to keep up with demand."We are moving towards a doubling of demand growth for copper due to the electrification of the world, including electric vehicles, solar panels, wind farms, but also military usage and data centres," he told the Financial Times."I think we could end up to $40,000 per tonne over the next four years or so. I'm not saying it will stay there then; eventually we will get a supply response, but that supply response will take more than five years."Miner BHP's bid for rival Anglo American has also been seen as a sign that it is more difficult and expensive to build new supply than to buy a rival with copper mines.

[kooba] 24/5/2024 14:59

Good points well made..and even if any of it made any real difference the UK in isolation certainly isn't going to . We will just make the country commercially uncompetitive and the utility bills for the masses a greater part of disposable income than necessary. Meanwhile china builds more coal fired power stations ..https://www.carbonbrief.org/china-responsible-for-95-of-new-coal-power-construction-in-2023-report-says/

[buttyboy] 24/5/2024 07:55

I believe I mentioned the other week, Noccer, that the Copper price will not have a direct trajectory to the moon; there are going to be some blips on the general upward curve until it reaches a point where any further upward pricing becomes positively unsustainable (like with all metals, including gold especially). As for your comments ref. the UK; the UK doesn't have much at all under its own control. Coal mines have been closed; there has been no exploration for additional oil and gas on our own Continental Shelf for the past 15-20 years, and the Nuclear word has been unwelcome and where the latter has been instrumental the facilities are all foreign entity owned. Instead, the UK has been on this so-called "Green Energy" initiative where we have wind turbines blighting the view of our landscape and seascape which turn off when the wind blows too strong and we have solar panels dotting good arable land in a country where the sun doesn't shine too much, and on the topic of the arc furnaces; yes, these are being shut down to be replaced for supposedly "Greener" electric arc furnaces, which are actually the very opposite when you do the math. If anyone here is affiliated with the IMMM, then there are some excellent articles by prominent people in their monthly magazine, Materials World.

[noccer] 24/5/2024 00:02

Copper price has pulled back a little, probably with traders riding the wave jumping off, but the tragectory still looks upward for all metals, but copper has a key role in the 'electric future'. But ignoring that fantasy, I think having local sufficiency in strategic resources might be just as important, even though it is sad that we no longer have UK-based refinining (was in Avonside). And no more iron ore to iron conversion capability due to the shutdown of all UK blast furnaces. I hope one day we will realise we need to get back control of KEY services.

[spacedust] 23/5/2024 14:57

We need a pump n dump scenario here. Any rumours?

[kooba] 21/5/2024 11:05

Thanks for posting..that's good to the point and focused. Hopefully a good way to start and hopefully over the next few weeks a revised reserve estimate and more thoughts on progressing the project having taken a broad look at what the company owns and how best to exploit it.

[kenwrong] 21/5/2024 09:21

Good interview with the new Anglesy boss, an old Rio Tinto geologist is on site this week, should like to hear what they have to say.