Anglesey Mining Share Discussion Threads

[j5thumbs] 19/2/2025 16:06:58

Going through Rheenergise’s accounts doesn’t reveal much. No profit/loss statement, no directors wages. Just a £500,000 loan at 8% which is probably a fairly accurate reflection of the company’s liquidity and prospects. They do seem a professional bunch, but they are still in the process starting up pilot studies, one of which is on my own doorstep, so any 8 figure sum investor would need to display a great deal of confidence in the joint enterprise’s prospects.

[buttyboy] 19/2/2025 10:09:49

kooba; that is why I was suggesting Rob Marsden liaises with those two key people at share price Angel; discuss the strategy and upside, and like-minded minds together might actually open new avenues. If you go to S P Angel right now stating we need cash right now then it is not going to be looking favourable but explain the strategy and they might be able to arrange a marriage to achieve favourable goals. I just don't understand why AYM wish to retain the same brokers who for the past two years or so have failed to deliver value.

[kooba] 19/2/2025 09:44:37

Thing is all these houses only really make money through share issues not from retainers..so they want to raise money and the cheaper it's pitched the easier it is to sell ..so they often act against the existing holders in being neutral on dilution and pricing. Bringing in share price Angel or Hannan doesn't change that position ...it might lead to better quality support but unlikely ..there are precious few institutions investing in micro caps let alone in the resources sector.Anglesey need to bring in one committed investor to see this through but the ownership structure makes that unlikely ...maybe something does appear like magic and transform this counter.But im sure some will paint a negative whatever is achieved.

[buttyboy] 19/2/2025 09:32:33

determines; you have to think outside the box. AYM have been stuck with WHI (now Zeus) but the same people. Remember the "bucket shop" brokers!

Approach share price Angel and speak with either John Meyer or Ewan Leggat. Rob Marsden should approach either of these and together work through a strategy with upside. The longer AYM maintains a liaison with its current brokers it will be very much of the same!

What have they got to lose?

[determined] 19/2/2025 08:52:37

Sp Angel?

You're kidding surely?

Even they can't put lipstick on a pig, and AYM is a real porker.

[buttyboy] 19/2/2025 08:49:40

Better brokers; speak to S P Angel.

Speak to investment bank, Hannam & Partners.

[kooba] 19/2/2025 08:34:59

"There are a couple of outfits out there who could only do a better job!"Who do you have in mind to be able to do a better job?

[kooba] 19/2/2025 08:34:09

I must have missed the promise of PFS study being done by October last year and i follow quite closely ..can you show the rns where that was promised?I think it's interesting when folks complain at the snails pace of development work and complain about having to raise funds almost in the same breath...without the connection between the two.Understanding the way that smaller company capital markets are operating just now is a factor..but just continually blaming management for not managing to pull a rabbit out of the hat in a puff of smoke is another.I might try and call the company for a chat...haven't done so with new ceo yet but often is a better way to understand things than waving flags with little research.

[buttyboy] 19/2/2025 08:04:25

One more thing, why are AYM so hell bent on retaining their current brokers? There are a couple of outfits out there who could only do a better job!

[buttyboy] 19/2/2025 08:01:38

kooba; I don't think the issue here is the questioning of the credentials of Rheenergise because signing an MOU, which incidentally from a legal perspective, is not worth the paper it is written on, ONLY gives them some PR upside; not that of AYM. You are correct when you state AYM needs to explain in more detail how this perceived coalition can work to the benefit of Parys Mt.

From an engineering point of view, and specifically a water engineering point of view, AYM is now so far down the waste pipe and cannot get back up because the 'non-return' valves prevent it. I believe the interpretation of most shareholders and potential investors was to see non-dilutive funding to enable Parys Mt to be an economically viable operation and the only way, bar some government grant scheme/s (which don't seem to be forthcoming), was to get the PFS completed, as previously promised by October last year, and then, subject to the outcome of that, to attract metal streaming and offtake outfits, perhaps in conjunction with other project financing to further develop and exploit Parys Mt in a way we were all led to believe.

[kooba] 19/2/2025 07:13:03

I guess in any deep mining operation they need extensive pumping and pipe equipment to keep the mine from re flooding..maybe thats how we need to look at this!"Our solution uses equipment that is already in regular use on a mine site Minerals contained in local tailings can be used in our HD Fluid Energy can be created from slurries and repurposed to regenerate electricityPumped storage provides the lowest levelized cost of energy storage for durations of > 4 hours and is a mature technology of 100+ years , it makes up 98% of global deployment "

[kooba] 19/2/2025 06:52:59

Worth a look.hTTps://www.rheenergise.com/hTTps://www.newcivilengineer.com/innovative-thinking/how-a-pumped-hydro-innovation-using-fluid-2-5x-denser-than-water-could-change-energy-storage-05-02-2025/Seem a well funded very professional outfitWould be good for the company to better explain how this works in tandem with their prime strategic aim of getting Parys back to production though i grant you.If it can progress both avenues as they suggest then it further enhances the green credentials of developing the site and possibly the local job opportunities then it will undoubtedly strengthen the local support already seen.hTTps://www.theguardian.com/environment/2021/feb/08/powering-up-uk-hills-could-be-used-as-energy-batteries

[trader465] 19/2/2025 01:56:05

How can they explore and investigate with no money? And when will we see the results and benefit of the alleged potential exploitation and investigation? Will there be a report? Which year shall we expect it?

And why has there been no more news on the exciting hydro plant at Grangersberg which was RNS’d a couple of years ago now?

[trader465] 19/2/2025 01:52:57

Was it really worth issuing the RSN

(MOU) to “explore”; the potential

Intention to jointly “investigate” the feasibility

[buttyboy] 18/2/2025 16:04:34

Probably the biggest CAPEX cost of an underground mechanised (or non-mechanised) mine is a vertical shaft, followed by declines/ramps large enough for significant haulage. I can't recall reading if ramps of a sufficient size deep within the old mine exist but I doubt it otherwise excavating a shaft of the size of the Morris would be somewhat counterproductive and a much smaller diameter shaft could have been bored suitable for ventilation and an emergency escape.

As I mentioned earlier today, using a heavy liquid requires a reduced head to produce the same energy (assuming all parameters are equal) so a heavy liquid with a specific gravity of 2.5 (1 cubic meter equates to 2.5 metric tonnes; non-saline water has a specific gravity of 1) could, over 250-300 metres, produce energy via a turbine/s located at the base of the Morris shaft. However, the diameter of the column/pipe of heavy liquid would occupy too much of the shaft volume to make the shaft ill-fit for any other purpose. I can see the upside for the energy company in question but the upside there counteracts that of the projected mining operation and the envisaged mine plan discussed in the much hyped PEA of some years back.

De-watering a shaft of this size is an expensive operation so it is likely that if the energy company, after exhaustive studies, considers it a worthwhile operation then unfortunately Parys Mt will unlikely be mined in the way it was planned for her mineral wealth.

We have all been looking forward to non-dilutive financing and perhaps the best chance of this, given where Parys Mt is (in terms of development) would be via some government or local government grant/s and whether or not ALL these avenues have been explored we can only hazard a guess. However, given there is no reported advancement on these perceived initiatives one can only deduce that Parys Mt is too underdeveloped to attract grants and hence the renewed focus on Plan B, C, D or whatever it is. If Parys Mt had been fully exploited/mined out, then I can fully understand the upside principles of today's RNS but as it is, even I seem lost for words!

[trader465] 18/2/2025 15:17:28

Nuttyboy - You're absolutely right to question it. If the 300m deep Morris Shaft is repurposed for energy storage, it could create a major bottleneck for future underground mining operations, especially if mechanised equipment, ore transport, and ventilation rely on that shaft.

Potential Issues:
Access Restriction – If the shaft is converted into an energy storage system, it may limit the movement of mining equipment, personnel, and materials.
Ventilation & Safety – Underground mines require proper airflow, and using the shaft for energy storage could interfere with this.
Hoisting & Ore Transport – If the mine is redeveloped, an alternative route for ore extraction may be needed, which could be costly.

Meanwhile cash is dripping away. I think the next placing will be a big one, they’ll use the “future non-dilutive financing” line in the placing RNS to sucker in more mugs.

I think the timeline for AYM to begin production is now way past 2035, what happened to the PFS that’s been “ongoing”; for over 5 years?

[kooba] 18/2/2025 08:36:20

I guess you just have to read the rns."Securing a source of consistent green power on site while benefiting from the synergies between deployment of the technology and establishing a presence back underground at Parys Mountain is key to the strategy of de-risking the incremental development of the mine."One of the key costs and time consuming aspects of getting the mine back into production was dewatering the shaft ..So if they have a funding option of dewatering without dilution i would think a positive.As to mine development Anglesey plan on excavating new underground resources to produce resources not necessarily using the older tunnelled out areas..so i presume the two activities can be developed in tandem in a mutually beneficial way ..slightly different to then proposed plan in Sweden which was to end of mine life.Interesting demonstration on how one might develop large scale energy storage and a very good place to do it ...Anglesey, also known as the "Energy Island", is using wind, solar, marine, hydrogen, and other renewable energy sources to fight climate change...so a method of storing such renewable power is important.

[buttyboy] 18/2/2025 08:17:09

Interesting RNS I would say. The hydrostatic head principle using higher density (than water) fluid to generate electrical power via turbines is not new. The query I have is; if this proposed methodology is going to utilise the 300 m deep shaft then surely this will be a bottleneck to any future underground mechanised mining. However, if I have missed a pertinent point and the two can coexist and bring in non-dilutive funding, and perhaps attract government grants, then its worthwhile exploring.

[trader465] 18/2/2025 08:11:32

Bashers out? Silly little man, grow up and go back waste more money on fools gold at CGNR

[m1sterx] 18/2/2025 08:00:31

Bashers out in force early doors trying to protect their short positions, oh dear, the market can re-rate these minnows dynamically.

[trader465] 18/2/2025 07:58:27

An MOU means nothing

[trader465] 18/2/2025 07:57:58

Same old, same old, from 2023…

Anglesey Mining entered into a Memorandum of Understanding (MoU) with Swedish energy storage company Mine Storage International AB in March 2023. This partnership aims to explore the development of a pumped hydro-energy storage project at the Grängesberg Mine in Sweden

[buttyboy] 12/2/2025 12:33:33

I would advise before the government push too much toward the path of 'artificial intelligence, they get a grip with 'natural stupidity' !!