Anglesey Mining Share Discussion Threads

[mattjos] 02/7/2014 15:52

almost forgotten about this company and todays rns prompted a quick check up ... good grief. LIM might as well have not even been open for business this year. What a disaster in terms of profitability ... $72m loss before adding in the write down for Depn & Depln.
Iron Ore mining seems a largely thankless task in current environment. They could with finding some other mineral on their estate.
The Labrador Iron Ore Royalty fund would have been a much better long term investment, as I recall saying yonks ago. Pays a nice divi and reliable revenue stream.
LIM looks like it will never be profitable until such time as it becomes a monster in terms of scale or, Iron Ore goes into global shortage, which seems highly unlikely.

[hyper al] 19/6/2014 15:36

yep, so time for starting a Definitive Feasibility Study ("DFS")

[noccer] 19/6/2014 15:18

Yes, I think 2 years to get it going is something I remember from way back. Need a company to look at 2016 price predictions and decide it is worth buying into.

Of course analysts disagree about growth in demand, they disagree about how much metal is in stock in China, they disagree about whether Chinese internal zinc production will increase. However we are seeing more people saying zinc could be $1.50/lb in 2016 (e.g. Scotiabank, Mohr - $1.25 2015, $1.50 2016, Haywood, Ioannou - 'well North of $1.50' 2016).

[hyper al] 19/6/2014 12:24

Noccer

Looking good. We need it to stay above $1

Just a slight problem, we are not ready for mining, so it needs to stay above a $1 for years.

Why don't they take on some more UK projects? What's this thing about Iron. Is it because it's easy to process, is that what is holding back Parys?

[noccer] 19/6/2014 12:09

Zinc 97c/lb on a slow ramp. Zinc "gearing up for a classic supply squeeze" :

[hyper al] 19/6/2014 11:26

The shaft would make a good drop!

I always thought they could make those coloured lighthouses like they have in the Isle of Wright, but using crushed minerals rather than colour sand.

Metal prices will only keep going up so I'm sure Parys will get mined one day.

[abergele] 19/6/2014 10:27

H Al,
thanks for that,does pose problematics...sell it to Disney,make it a theme park

[hyper al] 19/6/2014 09:27

abergele

Just remembered what I posted and deleted it because it was o/t.

Think I said I was never happy when AYM went into Iron, it was a distraction and gives the impression that management find Parys mine development a challenge, which it certainly is and will always be. The company for instance, as far as I can see, has never showed how export of the processed ore would take place, things like ship loading facilities, ore storage, road (bridges) upgrades etc

They need to take the same route as Wolf has done in Devon with their tungsten mine.

[novicetrade68] 17/6/2014 12:33

I suppose chances of LIM operating this year become more slim with each day passing by.

[marth] 04/6/2014 22:17

Looks like Bill H is diversifying his career portfolio:

[marth] 02/6/2014 15:46

Minesite article just out:



Registration required but notable points from Bill Hooley:

- essentially a 12 month option with limited downside while they evaluate the economics and update the resource estimates

- if viable, BH reckons 5-6 years to production, and several hundred $m

- good location: right on the railway, 200km to port, looking to sell to Europe, specifically to SSAB who operate at the port

Also comments on Parys Mtn: BH watching zinc prices, although he doesn't expect significant movement till 2016. Meanwhile, Micon is conducting "an overall review"... "there might be some news"

atb

[laserdisc] 02/6/2014 15:38

thanks nielsc at present micon is completing an overall view of parys development if metal prices continue to rise there may be some further news here this latest acq in sweden is a longterm thing more of an evaluation if good they proceed

[nielsc] 30/5/2014 23:37

Laserdisc,

O/t Bought ppc at around 20p back in October 2012. Bought more mid 2013. Sitting nicely now. If the drill start early June is successful in one or more of the 4 targets then the price could go well over £1. Would be nice :-)

Link should be working in the header now.

Cheers,
Niels

[laserdisc] 30/5/2014 11:32

niels thanks for trying to put up the link, ppc has a few drills & its in a geological area with proven resources tempus in the times newspaper was putting them up in early january that it was one to stick with good luck

[laserdisc] 30/5/2014 11:12

Short Term Indicators Average: 100% Buy



SEEMS QUITE OFTEN THE BUYS GO THROUGH THE SECONDARY MARKET ISDX 90k of AYM buys on that board today. i do think they somehow interegrate that market with Lse as sometimes you get a trade on Lse then at the same time a trade of differing value appears on Isdx.

Dont know how it all works ,in some respects i think it its done to confuse what is really happening to a stock , on other stocks i have seen them rise when all they do is hide the buys on isdx & put all sells on lse

[noccer] 30/5/2014 11:05

MMG (china-backed and one of the worlds largest zinc producers) looking to add zinc operations ..

[abergele] 30/5/2014 10:58

news is we have broken out of the 150 dma,first time in 17 months,
so things are looking up..gla

[nielsc] 30/5/2014 10:10

laserdisc,

PPC might do very nicely should they be successful in some part on this up and coming drill.

Having difficulty adding the link as it just seems to ignore it. Not sure if this is advfn parsing out links.

Will try and get to the bottom of it

Cheers,
Niels

[laserdisc] 30/5/2014 09:21

THANKS NIELSC took a few ppc following that director buy

[laserdisc] 29/5/2014 20:37

back in 2010 Swedish mining company Grängesberg Iron AB engaged First Securities AS in Norway, to evaluate financing and a possible IPO on Oslo Axess and later on Oslo Børs (Oslo Stock Exchange)

[rajaster] 29/5/2014 14:49

that's well thought, for some reason i'd totally missed that parys zinc could be used to galvanise steel in sweden. that makes things interesting and if AYM can get the mine running and start work at parys we could see AYm taken out. I may take advantage of any further weaknesses now as i could do with bringing my average much lower.

[mcmather] 29/5/2014 14:38

Hopefully also hear something soon re LIM; slow reversal on the go at the mo' re the share price