Anglesey Mining Share Discussion Threads

[calmtrader] 02/12/2018 14:48

Worth a listen https://www.proactiveinvestors.co.uk/companies/news/210298/anglesey-mining-positive-on-parys-mountain-metals-outlook-210298.html

[trader365] 01/12/2018 00:20

The actual financial value of AYM in my portfolio has risen around 15% over the last week or so. People who don't hold the stock assume that holders are up 40/50%, whereas in reality, the price movement is exaggerated by MM continually changing the spread of the stock, so, the rise for holdrs is much smaller than non holders emagine. Holders didn't get a 50% gain, MM changed the spread to make it appear so!

I see a lot of deluded people on ADVFN.

There are no short term traders, and certainly no day traders in AYM. Last week the spread was up to 30%, short termers wouldn't touch AYM with a barge pole.

[noccer] 30/11/2018 11:48

Someone explain to me how AYM can own 12% of Labrador Iron Mines (which has assets valued at $1.1M) and yet net current assets for AYM are £7874 (yep!). I would have thought owning a share of a company that has assets counts as owning an asset.

[rrr] 30/11/2018 11:22

I did read it but there didn't seem much new since the RNS four days ago. Quite a long haul still.

[noccer] 28/11/2018 09:58

So who is QME - has anyone wondered? They recently celebrated 30 years in the industry with a dinner, and John Kearney was a guest (you may have heard of him, he's involved - or been involved - in dozens of mining companies, such as Buchan Mining, Canadian Zinc, Brador Iron Mines, Minco, LIM, etc etc and AYM).

Over 30 years QME has gone from maintaining mining equipment to having their own mining division who do mining and tunnelling contracts, e.g.Tara mine. They say :

"The company is currently engaged in a wide range of mining projects, mainly large-scale underground mine development and narrow vein gold mining, stope extraction, rehabilitation, underground construction and services installation, and also exploration drilling providing all required plant, labour, materials and planning.

...

The division also has the capability and expertise to handle, crush and screen large volumes of waste rock and ore on surface or open-pit mines."

So what is Tara? - well its Europe's largest zinc mine, its in Ireland, and it was taken over by Swedish company Boliden in 2004. The mine is 1000 metres deep, and they extract zinc, lead and silver. They extract and process about 2.5Mt of ore per year. They employ 580 people - though the mining is highly automated.

Just thought you might be interested ,,,

[trader365] 27/11/2018 18:17

Some research links for the lazy folk...

hxxp://parysmountain.co.uk/

If you look carefully you'll find Ian Cuthbertson in this one

hxxp://www.copperkingdom.co.uk/more-about-parys-mountain/

[trader365] 27/11/2018 18:12

These men have surely been dragging their feet over the last 10 years but perhaps for good reason

If one researches back to 2008 - Western Metals of Perth were about to pay AYM 29.1m AUD for Parys Mountain but the deal fell through due to the global financial crisis and the collapse of the copper price

That offer is about 16.4m GBP today and the market cap here is 3m GBP

I can understand that their hands have been somewhat tied, but now that the copper price almost doubled since the crash lets hope these men unleash the true value of Parys Mountain

[andy] 26/11/2018 22:58

I'm shocked at the rise today on what looks like very ordinary news.


It's the financing of the project that's the difficult bit, regardless of the size of the resource.

[shonep] 26/11/2018 15:48

here we go again. enjoy the ride. i was in from 1990 to 2012 which makes most of you short timers. Back in 6 months ago and looking forward to some fun. just dont expect any copper, sadly. would love to be wrong.

[letmepass] 26/11/2018 11:42

2p will be long gone. Mcap way undervalued

[colin12345678] 26/11/2018 11:30

game on again

[glenbo1] 26/11/2018 11:26

I am not hurting at all.

[arab3] 26/11/2018 11:20

must be really hurting glenbo1
hope it comes good soon

[glenbo1] 26/11/2018 11:16

Been here a while DaveI am a long term investor here..2 years

[dave4545] 26/11/2018 10:33

arab3

Looks like they all sold out, they might return as they buyback the dip for another crack

[arab3] 26/11/2018 10:06

amrishbhim
i did not have you as an ambulance chaser
when did you join the pack of usual suspects ?

[dave4545] 26/11/2018 09:59

Sorry chaps, so it's not Aim but still a penny stock and acts the same way with the same people chasing.

[dave4545] 26/11/2018 09:59

lol

It's so predictable.

Try buying a share before a spike amrish, you make way more money if you have the patience to wait for it's turn in the Aim spike queue

[hyper al] 26/11/2018 09:58

dave4545

Except this is not an AIM stock!

[glenbo1] 26/11/2018 09:58

DaveIt's a main market listed company Very low mcap/resource size.AgainPlease read the RNS