Anglesey Mining Share Discussion Threads

[laserdisc] 09/10/2013 19:51

well i took a look back of very old news back to 2000

they stated this in 2000
It has always been the objective of management to develop the Parys Mountain property into a producing mine and to acquire, explore and develop other properties. There have been great difficulties associated with doing this over the past few years, not least among which is the reluctance of shareholders and financial markets generally, to invest in small mineral companies - thus starving companies like Anglesey of the funds required to carry projects forward. Against this background and to assist in the evaluation of new opportunities, the directors have appointed Ermgassen & Co. to advise the group on the identification and acquisition of new ventures.

13 years later... no Parys development
wonder if we are still on the books of
hxxp://www.ermgassen.com/transactions/

perhaps we will get an rns by the end of year with an outlined business plan for 2014

[laserdisc] 09/10/2013 14:33

seems to be 5.17p to sell 5.50p to buy now.
someone or something trying to get this lower a few trades on isdx,
seems someone sold 100k at 11-57am
wasnt actually around so only looking now at the trades

[captj] 09/10/2013 10:35

Maybe change the header to reverse growth story as AYM is now just a footnote and has shown no growth except to directors salaries which should be mothballed in line with development. Having made the good decision initially to invest in LIM they seem intent even with this investment to dilute it to a token though keep enought to justify second management wedge.It's almost as if they are on a bonus to see how low they can drive this.

[hyper al] 09/10/2013 07:07

They make such a big thing about their 15% stake in LIM, it's not as if they have a real stake ie a direct financial return from production (royalties). IMHO AYM is more like an investment company with just 15% share stake in an Iron ore project, which other investors could become more directly involved in just buying LIM shares.

Anyone going to create a LIM thread?

I suppose they have to keep Anglesey ticking over as LSE would probably demand that they change the sector they are listed under.

[noccer] 09/10/2013 00:04

On a lighter note, the weather for October in Schefferville looks mild for October. So maybe the late start will be slightly offset by a late finish.

hxxp://www.accuweather.com/en/weather-blogs/anderson/coldest-air-to-remain-over-asia-for-much-of-october/18594318

With ore prices over $130/t this year LIM has to show a healthy balance sheet or they will never get Houston off the ground, but they still look way better than NML/TSMC, who finally started building the rail extension from LIM's silver yards to their DSO plant on 25th September, and hope to complete it by end of year. Their taconite looks a remoter possibility by the day, so they end up being a mainly DSO play like LIM, with taconite resources on paper for the future. There is already collaboration on the railway, with LIM using NMLs wagons, NML loading at LIMs Silver Yards, both using the IOC facilities, and both being involved in the new multi-user port, and the deal on Howse. I think the raw finances are forcing the two ever closer together, though NML can probably hedge a little longer on the true cost of commercial production.

[rajaster] 08/10/2013 15:23

this rns from jupiter mining on the ASX says it all:



"The principal reasons for delisting are the limited marketability and trading in Jupiter stock, and the lack of any price response to the transformation of Jupiter from an explorer into a significant manganese producer with a production history, and transport and marketing contracts in place. Jupiter has successfully brought a major asset into production and as it now moves to maximise the perceived and perhaps the acquisition value of its underlying assets, the fact that the public market so significantly undervalues that and the other assets of Jupiter is a significant limiting factor.

Jupiter directors concluded that greater value would be realised for Jupiter shareholders after a delisting."

[rajaster] 08/10/2013 12:55

I think everyones getting sick of standing around waiting for AYM to recover and whats wose LIMs looked weak for a while now.

[laserdisc] 08/10/2013 12:20

lots of trades going through on isdx as well as lse
seems there were sellers but later buyers returned
isdx trades
08/10/2013 12:12
40,000 @ 5.25
08/10/2013 12:11
50,000 @ 5.25
08/10/2013 11:25
5,459 @ 5.25
08/10/2013 11:16
2,000 @ 5.49
08/10/2013 11:05
40,000 @ 5.5
08/10/2013 10:53
85,704 @ 5.51
08/10/2013 08:30
4,295 @ 5.51

[noccer] 08/10/2013 00:33

Looks like the Quebec government has decided the new railway needs to be built, and have stumped up money for a pre-feasibility study. So many potential projeects would otherwise be blocked by the finite carrying capacity of the single track TSH railroad.

hxxp://www.marketwired.com/press-release/champion-is-pleased-with-quebec-governments-announcement-a-pre-feasibility-study-a-third-tsx-chm-1838627.htm

[noccer] 03/10/2013 00:20

There's still all sorts of horse trading going on for the iron ore in the Labrador trough. Just spotted this one :

hxxp://www.marketwired.com/press-release/champion-iron-agrees-sell-its-remaining-interest-attikamagen-project-century-iron-tsx-chm-1837400.htm

[laserdisc] 30/9/2013 19:39

its been copied on mio iii thread

[marth] 30/9/2013 18:28

Possible UK zinc competition from another J Kearney enterprise, Minco :

[laserdisc] 30/9/2013 10:53

x2 will have a field day picking up various investments across the markets we do not know yet what metals they propose to invest in

[noccer] 30/9/2013 10:44

Metal Expert Consulting have issued their quarterly iron ore price analysis - which looks at predictions of 25 or so analysts, as well as their own analysis of the market and predictions. In Q3 the average was $132/t, they had predicted $130/t (or $115/t on alternative scenario), the analysts consensus was $120/t. They have dropped the alternative scenario, and are predicting $139/t for Q4 2013 up from the $132/t they had predicted in July (analysts consensus for Q4 is now $120/t, up from $110/t prediced in July). All prices ref benchmark 62% fines.

hxxp://metalexpertresearch.com/research/en/global_iron_ore_price_forecast_%28october_2013%29.html?OpenDocument

hxxp://metalexpertresearch.com/enPrognozyByMarkets

All previous reports are also on the website. Certainly future years look profitable for LIM based on predictions of average 2014 of $130/t, 2015 at $125/t, and longer term at $120/t.

[captj] 26/9/2013 13:11

China have to keep its expansion up or lose face and rest of the world slowly recovering which means catching up on everything put on back burner so personally think IO prices should hold up as if anyone who travels widely will see most countries infra structure sadly in need of refurbishment and rebuilding the main part of which requires IO in various forms so hopefully this will also help in supporting price.Will see where we are by this time next year before bailing out if no improvement by management as to getting share price back up and some value realised.

[noccer] 26/9/2013 11:27

I think dilution must be the major problem for investors wanting to get in early on juniors. The whole idea of gambling on a good return from a junior is watered down when they keep going to the market, my LIM shares are a good example. I wonder if this is a problem for specific capital intensive market sectors or applies to tech companies too - which is another area I like to play with.

Good news for LIM is that iron ore price is holding up above $130, defying the analysts who said it would be down at $100 (some even said $80).

[marth] 26/9/2013 00:26

Nicely put and I don't particularly disagree captj - I visited last year (& drank the Kool Aid on a sunny day!) but I'm a year older, a bit wiser & a bit poorer as a result so somewhat less involved these days. Time will tell, possibly.

[noccer] 25/9/2013 12:53

Marth - "Starting digging in 2014" - that sounds a lot more positive. Of course, as Glencore say there will be a shortage, then maybe Glencore would like to put some money into AYM in exchange for a take-off agreement.

[laserdisc] 25/9/2013 09:59

Todays Rns voting on the Agm looks likely only Juno have voted they currently hold 57924248 shares

The ordinary share capital of the company is 160,608,051 shares with
voting rights; there are no shares in treasury.

What i do not understand is where would approx 100m shares now be registered with.

Could it effectively mean there is a massive overhang ? Surely the co should know who is holding all its shares its a massive % 100m

[marth] 25/9/2013 09:59

Interesting - and ties in with reports from the recent shareholders' visit to Parys (see L S E board) e.g. from Divermike:

"... I asked Bill (Hooley) a very specific question after he said that we will be taking advantage of the expected shortfall in Zinc production in 2016, I asked "How long will it take from putting the first spade in the ground to producing ore at Parys Mountain?" his answer was "18 months to 2 years" I followed it up by saying "That means we will have to start digging in early 2014" he answered "Yes it does", I also further quizzed him over lunch about starting digging in 2014, he said that "This place will look an awful lot different on your next visit" so there you have it, big changes are expected in the next 12 months..."

[noccer] 25/9/2013 09:26

Here's something positive for Parys. Glencore have predicted a forthcoming zinc supply shortage a few years out which could result in price increases as early as next year. This is earlier than most analysts think, but Glencore is the worlds largest zinc and lead miner and trader. They should know something about it.

hxxp://www.metal.com/newscontent/53241_zinc-deficit-coming-soon-glencore-xstrata-predicts

As far as I can tell, Parys is sitting waiting for prices of zinc, copper and lead to come up, as this has a significant effect on the financials. The tonnage of economically recoverable ore increases substantially as the price goes up.