Anglesey Mining Share Discussion Threads

[calmtrader] 27/6/2024 09:55

Looks like there's a big seller at 1.05 ..I'm guessing he's nearly done..then up we go

[danmart2] 25/6/2024 15:00

Sell parys, the land value is worth more than the market cap

[broken_arrow1] 25/6/2024 14:33

Looks like just £5k of shares on offer at 1.2p, then it moves up.

Just another minnow that has been manipulated down on exceptionally low volume, 2p in January.

[buttyboy] 24/6/2024 14:12

Remember, with these micro cap companies, the PR and IR push should be at maximum throttle all the time; last weeks news is old news.

[buttyboy] 24/6/2024 14:10

Interviews might have been coming thick and fast when the share price was higher but correct me if I’m wrong, there is new management now. I accept the new CEO, who officially came on board during April, has/had his work cut out but due diligence should have be done both sides of the fence and discussions regarding a funding initiative should have been ongoing since the departure of the previous CEO at the end of last year.

[sos100] 24/6/2024 13:47

I was just being sarcastic.....interviews were coming in thick and fast when this found its way back to 1.8-2p and now nothing at 1p ...

[buttyboy] 24/6/2024 13:41

The interviews have dried up because there is no incentive or expert guidance in this regard.

The FY 2023 statements/audit are due by the end of this week and the company has to prove being a “going concern” and unless they have funds in or at least legally binding sub agreements then the stock will be suspended until further notice. Also, if debts amount to more than funds on account then the company is technically insolvent.

There isn’t even a whisper in the market of a successful funding and given the perceived higher risk then any funding is going to be done at a significant discount to the current price. One possible route will be to go back to the debt holder and request a larger loan note but even this will present an even bigger overhang for existing and potential new investors given the size of the market cap.

[sos100] 24/6/2024 12:43

why have all the interviews dried up?

[j5thumbs] 23/6/2024 19:41

The more I look at this basket case of a share, the more I’m convinced that the mining project will never come to fruition. It’s way too small for the big boys to take an interest, and the continual dilutions just sap away at any possible perceived future.

Its true future value may lie in house-building, holiday chalets, outdoor adventure centre, who knows … but not copper mining. And I wouldn’t drop dead with shock if AYM became insolvent, followed by a pre-pack and a land disposal.

Am I being too pessimistic here?

[trader465] 22/6/2024 05:44

“This was 2p in January !”

That should tell you all you need to know. The price is falling and I expect it to be bellow 1p at the next placing.

Had I not sold I would now require a 300% increase to get back to breakeven

[laserdisc] 21/6/2024 19:06

17th June Monday
Large amount traded could be roll over
51 0.91 7490814 O
0.9
1.1. Spread

0.9
17:15:00 7,490,814

1.1 12800 UT
1.1 1000000 O
16:32:07 1,000,000

[mininglamp] 21/6/2024 15:45

For the 1st time in weeks there is absolutely nothing available online, even IG are showing no quotes available.

Something took the price down from the long established 1.5p region but there was little volume in doing so.

This was 2p in January !

[pigeons] 21/6/2024 09:02

When the physical side of World War three kicks off. will it be iron ore? or copper that. will be needed. And will it? require protection. from the aggressors. And will this. affect Anglesey minings price. in the near future.

[bodgit] 20/6/2024 16:15

Thanks MiningLamp. Fwiw, I see Grangesberg as being like a large rough diamond that requires careful cutting and polishing to get the best value out of it. It takes skill and time. Unless someone can convince me otherwise, I see Grangesberg potentially as being of greater monetary value than the Parys site. Why was Jo B so bullish about the prospects for Grangesberg before he resigned the CEO post? He seemed like a genuine 'straight up' sort of guy.

That said, I'm not the best judge having lost a fortune backing a British automotive technology development company for nearly twenty years and lost a fortune because I trusted them and hung on in their when all was clearly going pear shaped then Dieselgate screwed it altogether. Hence my learning about confirmation bias and loss aversion in the most expensive education of my life.... Hey ho. I'm off. Gla.

[mininglamp] 20/6/2024 15:49

Well if it means anything to anyone the good news is the overhang seems to have cleared, around 1.5m shares have been bought and the market now wants a premium for just £1500 of shares.

News of some sort cannot be far away, they are very quiet on Grangesberg, is that in play and will it deliver a material value event for shareholders ??

[buttyboy] 20/6/2024 07:47

Forget Grangesberg's neighbour with it multi 10 x million $$ valuation with good proactive management. Now look at Anglesey Mining with a sub £5m valuation which includes Grangesberg and Parys Mt and a tiny bit of LIO (OK, knock the latter on the head) with its no-so-very-proactive management. Us shareholders have received no news whatsoever (the last was the DH3 results); no news or update regarding the site visit by top echelon figures from the other week, so what should we expect ... No NEWS is bad news in this regard. Time for a management reshuffle IMHO or to use a less polite term; sh*t or get off the pot !!

[calmtrader] 20/6/2024 07:33

With link!!!https://lnkd.in/dXhFENkM

[calmtrader] 20/6/2024 07:33

This is Grangesberg neighbour..a very big positive for Grangesberg..

[trader465] 20/6/2024 03:20

The new trainee CEO must be searching the office desk for a few pennies by now?

[kennyp52] 19/6/2024 23:45

SP crashing towards sub 1p .. be even more difficult to get any kind of placing done which is no doubt close to being needed . Just don’t see how this share can be taken seriously

[j5thumbs] 17/6/2024 12:11

Something is happening at GRANGEX.AB, Grängesberg’ apatite and iron ore neighbour down the road. After bottoming a couple of months ago at 8, they’ve been steadily rising to 13.5 today. Trading vol. up by 74% too. Let’s hope that the trading enthusiasm is infectious and spreads to our Grängesberg too.

[buttyboy] 11/6/2024 15:23

Momentum has certainly run dry which is a tad disappointing given the perceived hype with the new CEO. Zero news on any front and especially that for funding.

[bodgit] 11/6/2024 15:17

Calm before the storm! Fwiw, I had hoped for good news about Grangesberg in the first half of 2024. I might be disappointed. Gla.

[pistolpete100] 11/6/2024 14:28

It's went very quiet on the grangesburg front....

[buttyboy] 06/6/2024 10:02

Yes kennyp52, but I thought this was supposed to have been a turning point but momentum seems to have run out!