Anglesey Mining Share Discussion Threads

[electrick] 29/9/2014 13:24

As to the current options

John Kearney 5,000,000 @ 4.130p to expire on 22 Oct 14

there is one happy fella today!! 3 weeks and they would have been worthless... today a cool £200k+ profit

[electrick] 29/9/2014 13:20

Development and liquidity risk
On occasions the group has relied upon largest shareholder, Juno Limited, for financial support and may be required to do so in the future to ensure the group will have adequate funds for its current activities.
However in the absence of support from Juno Limited the group would be dependent on the proceeds of share issues or other sources of funding.

[electrick] 29/9/2014 13:19

The group’s cash balance at 31 March 2014 was £289,097(2013 - £670,345)

At 31 March 2014 the company had 160,608,051 ordinary shares in issue, unchanged from last year.


hmmn...tin hats for the speculators?

[electrick] 29/9/2014 13:17

so ... funding.........

Option to acquire 51% of Grangesberg

Upon the exercise of the option, which will be entirely at the company’s discretion, the company will acquire all of the shares of Eurang Limited by the issue of new shares of the company to the value of US$1.75 million, to be priced
at the average of the the company share price at the date of option (3.375p) and the 20 day average share price prior to date of exercise, (but at no lower than 3.375p), and thereby acquire direct ownership and control of the 51%
shareholding in GIAB, and thus increase the company’s direct interest in GIAB to 57%.
GIAB will have debt outstanding of about US$5 million, (about US$4 million including accrued interest payable to KII and about US$1 million of subordinated debt payable on a deferred basis to Roslagen), while Eurang Limited will have debt of approximately US$4.5 million.

[electrick] 29/9/2014 13:15

REPEAT.....In parallel with these activities the ongoing background environmental studies and permit applications will be progressed. Anglesey will also carry out detailed marketing studies on both the Swedish and the greater European markets for Grangesberg iron ore products.
In the subsequent periods, following the exercise of the option and subject to
successful financing, it is expected that a definitive feasibility study will be undertaken, including mine definition drilling, process test-work and detailed
engineering design and costing.

Some interesting topics for the AGM

[electrick] 29/9/2014 13:14

The company intends to carry out an evaluation of the
Grangesberg project including a technical and economic
assessment to determine the viability of putting the Gran
gesberg iron ore mine back
into commercial production
under the economic conditions to be ex
pected during the proposed mine life.
Immediate planned work will include a pr
ogramme of geo-mechanics and monitoring
at the mine site as a prelude to
obtaining permission to dewater the mine. In the same
time-frame Grangesberg plans to produce a new compliant
ore resource estimate and to progress work on the pre-feasibility study on reop
ening the Grangesberg mine.
In parallel with these activities the ongoing background environmental stud
ies and permit applications will be progressed. Anglesey will also carry out detailed marketing studies on both the Swedish and the greater European
markets for Grangesberg iron ore products.
In the subsequent periods, following the exercise of the option and subject to successful financing, it is expected that a definitive feasibility study will be undertaken, including mine definition drilling, process test-work and detailed engineering design and costing

[laserdisc] 29/9/2014 13:14

Tata may be interested in taking a stake in development like they have done with lim they would certainly be interested in the output

[electrick] 29/9/2014 13:12

It is expected that following the normal environmental permitting processes an
d engineering design and financing, a conventional underground bulk mining op
eration followed by processing using standard technology can produce some
2.0 to 2.5 million tonnes per year of saleable iron ore concentrate for the European,Middle East and Asian steel markets.

[electrick] 29/9/2014 13:10

looks like there will be nice biscuits at the agm tomorrow...

Grangesberg
In May 2014 Anglesey completed the contractual arrangements to secure management control, including the majority of board seats, over the Grangesberg iron ore mine in Sweden. This mine was a significant producer of iron ore until 1989 and current planning indicates a return to production at around 2.0 to 2.5
mtpa later this decade.
This could be a very important investment for the company, sourcing iron ore in
the European market commencing when the current world-wide expansion of production begins to abate.
A number of technical and commercial activities are in the final planning stages and these will commence imminently. These activities are part of a longer
term plan to assess the optimum development and financing strategy for the mine. The company expects to report further progress during the coming
months.

[rbonnier] 29/9/2014 12:38

Short thr spike

[laserdisc] 29/9/2014 12:28

the zinc price hovers around $1.03 think it need to be around $1.15 for serious consideration to start up at Parys , lim are looking for finance perhaps aym will exit the canadian lim in the future. They need to complete this Swedish deal next year

[stainless3] 29/9/2014 12:22

Got 713,000 of these, finaly after a few down years, i am in a small profit, hope this is just the start we need.

[laserdisc] 29/9/2014 11:52

noccer took some out & moved more into lgo we will see next week what the aym presentaion has to offer was just so over weight here good look holders i am waiting for parys to be developed

[412069] 29/9/2014 11:52

Topinfo...WSX news due, i am sure you've been in there before!

[atino] 29/9/2014 11:43

Awesome news...well done everyone (͡° ͜ʖ ͡°)

[topinfo] 29/9/2014 11:36

Next one to go mad Guys is HUN IMO (Hunter Resources)

[analcime] 29/9/2014 11:34

Back on the chart at 322% ..good exposure!!!

[laserdisc] 29/9/2014 11:21

yes mm's will be short of stock hence the rise a few weeks ago max avail on line 200k this morning over 4m traded on secondary market & 3.5m on lse

[analcime] 29/9/2014 11:17

Taken off Top Gainers because it went over 500%+

[sphens] 29/9/2014 11:16

mm's must be short of stock- prices are all over the place

[laserdisc] 29/9/2014 11:14

how will they pay for the 51% in GIAB

[ayub1] 29/9/2014 11:12

News is very good why staying under 20p

[analcime] 29/9/2014 11:11

Tried to buy at 10.55 when it was 8p.. MM's sold me them at 11.08 at 12p BSTRDS!!!

[ayub1] 29/9/2014 11:09

20p coming

[letmepass] 29/9/2014 11:06

Just added. Long wait. All to NT