Anglesey Mining Share Discussion Threads

[mininglamp] 14/11/2024 15:28

Another comment from Jo Battershill from January 2023 regarding the Grangesberg stake, it never happened but it could, once again deliver significant value.


'As we have previously communicated, the opportunity for Anglesey Mining is now
to advance the project through to a Financial Investment Decision. This could
be completed along with securing a strategic investor, offtake partner,
separate listing, or a combination of these options'

[trader465] 14/11/2024 14:44

This is now down 51% year to date and the bank account is empty again. Hows that for creating shareholder value? Well done Mr Battershill.

It needs to rise over 250% to where I sold out. I’ll buy back if they secure outside funding, I got tired of these men helping themselves to my cash.

[calmtrader] 14/11/2024 11:35

This is on 'X' this morning https://x.com/bonker99/status/1856980273642061915?s=46&t=Eq7T3qYOfnR2zrro-cygFw

[mininglamp] 14/11/2024 10:04

In May 2022 they conducted a placing at 3.4p a share raising £860k the then CEO Jo Battershill said...

'The placing will provide funds to generate strong news flow and potentially substantial value creation for Anglesey's shareholders'

Well that substantial value creation never came, at the time there were 280m shares in issue, there are now 480m.

It is way past time this company delivered some value to the shareholders, the commodity prices are perfect for a corporate deal, the projects/assets of AYM are worth multiples of the current market value.

This is AIM all it takes is one decent piece of news-flow to deliver significant value here, is it a time to place bets??

[calmtrader] 14/11/2024 09:46

They are bidding for lumps this morning

[laserdisc] 14/11/2024 09:39

There was a trade 1350,000 @ 0.92 yesterday this morning a few 250k trades if it dips a bit more may be tempted

[pigeons] 14/11/2024 07:59

Good morning personally. I think we're in for a massive re rating upwards. in the very, very near future. as somebody's got to move if they're going to, very quickly.

[kooba] 14/11/2024 05:33

Oh and Highley if you did any research you would find that there was an agreement to sell Parys back in 2008 that fell through because of the credit crunch and a sharp fall in metals prices...after that Anglesey focused on their iron ore assets which led to a massive rise in the share price ..before the iron ore price fell sharply making production there uneconomic.http://news.bbc.co.uk/1/hi/wales/7668270.stm..13th Oct 2008."In April, it was reported that Western Metals had agreed to pay about £14m for the Parys Mountain project, pending a feasibility review"Lehman Bros collapsed Sept 2008 ...all bets were off at that time.The definition of the project and the metals prices are far ahead of where they were then.

[trader465] 13/11/2024 18:18

Kooba do you not have a watchlist of stocks that you post on and follow?

Perhaps you don’t know what a watchlist is?

Is it a list of Rolexes watches that you want to own?

[kooba] 13/11/2024 15:49

You and your 30 years are very ...very dull. Like other non holders why pontificate on companies you have no interest in and knowledge of. Weird hobby talking rubbish about small mining shares you don't want to invest in ...fine move on find something that you do like and invest in it ..simples. Maybe have a look at resolute a producing miner ..what could go wrong ..you could ask trader who was puffing them recently. Oouch

[highley1] 13/11/2024 15:29

Kooba,

Parys hasn't attracted any takeovers in well over 30 years, why do you think it's different this time?

It's been a good liefestyle vehicle for management, which is nice,

On the otherhand, it's sucked in investors' money and given nothing back, and I doubt it ever will.

[trader465] 13/11/2024 14:51

My prediction of AYM being fractions of a penny has proven true, never mind NPV

[trader465] 13/11/2024 14:49

Net present value is a useless financial metric.

Western Metals offered £13m for Parys and then they changed their mind and pulled out. NPV might as well be £10b, the reality is the company is worth only what someone is willing to pay.

[kooba] 13/11/2024 14:09

Maybe they just will..the key point will be the PFS When all is set out including the updated economic models ..at that point funding can be properly discussed and also a likely point where any buyer would be looking.They want certainty of delivery...Parys is closer than most and I believe will get full approval then others will look at the time to cashflows against the cost of developing and I personally think there will be a value making the current market cap ridiculous.What would be a gamer changer is if they got an investor in the project like a farm in ..which would provide the funding to that investment decision to proceed.We also have the QME option position..that theoretically would put a value on Parys if exercised.Afraid I have little faith in releasing cash from our iron ore ..can't see it for now.Still hoping there is some grant or Govt loan funding secured to take the company to that investment decision ..Jobs critical metal could all look very positive for a small up front award now.

[j5thumbs] 13/11/2024 13:54

It is true that Dalradian wouldn’t meet the kind of opposition from locals that they’re currently encountering with their Tyrone project, but the gold and silver content is the main driver for them there. So why is no one biting if Parys is so viable?

[kooba] 13/11/2024 13:33

Dalradian "We've spent fourteen years researching how to realise that potential in a way that maximises the benefit for the local community, while minimising the impact on the environment""Dalradian will begin construction of the project after we receive planning permission. Construction will take 18-24 months."These things don't happen overnight..doesn't look like the projected returns are that much higher from historic economics than Parys ..but they are higher Gold which makes some difference but they have funding that's the real difference.Parys could be very much the type of opportunity they might be open to ..so good spot.

[kooba] 13/11/2024 13:18

Since the net present value of the Parys project is over $250m on current metal prices if it was 100 times bigger you would be looking at $ 25billion NPV...many might be interested but no one could afford it .Thats just what is indicated and held as resource.. there is further inferred and the potential to much bigger increase as it is open ended , drilling has not yet defined where resources stop...so maybe it is 100 times bigger...I doubt it, but what they have is plenty economically viable enough to make it very valuable, it is in a politically stable area with law and order ( noting resolute position) and infrastructure , electricity (green) and water ..and a supportive political and local community.Very deliverable project short term...many new finds in more remote situations can take 10 years from discovery to production..here could be less than 18 months from funding.

[j5thumbs] 13/11/2024 12:38

If Parys’s copper, gold and silver reserves were 100 times larger, then the likes of Dalradian would be all over it like flies round a jam jar, pushing hard like they are doing over in Co.Tyrone with their Curraghinalt project. It does seem that scale is the issue here, otherwise Parys would have been operational decades ago. What to do next seems to be the $64,000 question.

[buttyboy] 13/11/2024 10:25

When the last fund raise was done on the 25 Sept @ 1p I believe i mentioned on this thread it was essentially time to draw the curtains! I mentioned the price would hang around the 1p mark fr the foreseeable future and it has. Death spiral comes to mind. It is so unfortunate because Parys Mt could work. It will not be cheap (ref Pigeons) but you have to go through all the required motions first and right now AYM is stuck between a rock and a hard place with a generally illiquid market due to increasing global conflict and the uncertainty this brings.

[buttyboy] 13/11/2024 10:17

The latest RNS of the 11 Nov shows shares issued at 1p to cover costs of some £12,300 which will probably be IR/PR-related; perhaps some book keeping. It cannot be auditor-related as this then becomes a conflict of interest. The easiest way to find out is to request the latest share register (give it a week or two for the shares to be registered). If it is IR/PR related then they (the IR/PR Co) need to issue a disclosure saying their opinion is not truly independent. If the shares were issued to an "insider" which I doubt, then that would need to be declared before now.

[pigeons] 13/11/2024 08:59

My personal opinion is that the directors are deliberately. trying to force the price down. They know the effect. that this news of. paying. a small bill. to a supplier with shares will dropped the price and cause worry. I would say somebody's after the company. The world is struggling. to produce enough copper. at present While there is a world recession on the recession looks as though it's about to. come out of years. of war. So the copper. shortage is going to get even worse worldwide. Places like Anglesey mining where the mining can start. on the cheap. should be in. great demand in the future. Just my thoughts.

[trader465] 12/11/2024 22:10

This thread is for discussing AYM. Do you have anything to say with regards to AYM or are you just venting your anger here due your losses at PXC?

Perhaps cut losses and add to profits if you have any?