Anglesey Mining Share Discussion Threads

[gimmetheloot] 01/1/2021 17:16

Just had confirmation that LIM is currently worth $700M. This is the current valuation. Expect it to be significantly higher when the LIM PEA lands anytime this month.

[calmtrader] 01/1/2021 16:24

I'm pretty sure you will now have the same shares but now in LBRMF

[noccer] 01/1/2021 15:24

Can anyone explain how the LIM restructing back in 2014 affected LIM shareholders? They delisted from the TSX at that time, but the company wasn't liquidated so presumably shareholders remain shareholders but are unable to trade the shares. I did have some TSX:LIM shares, and had assumed they were now worthless, but AYM seems to have managed to retain their share of LIM, so presumably I have too? It seems LIMH is listed and rocketing as LBRMF. So did LIM shareholders automatically become LBRMF shareholders, I didn't get any info from my broker (TD Waterhouse)?

Deffo confused ... but with LBRMF up from 1 cent to 55 cents - I need to figure this out.

[gimmetheloot] 01/1/2021 14:08

Nick if you say you have bought AYM shares then why don’t you read the last RNS. The RNS clearly says when the PEA will land before or just after the Xmas break. Surely you haven’t invested without doing your research right?

[danmart2] 01/1/2021 12:33

Nickthe saint

Don’t mean to be cynical, but certain people need to buy in at current prices (under 10p) before they show their hand

A moderately positive Preliminary Economic Assessment will see the share price break 10p.
Likewise the Welsh assembly will want to get some of the lime light of an economic good news article

[nickthe saint] 01/1/2021 12:03

Hi GTL,

Thanks for the reply -HNY

If the outcome of the PEA is nailed on how come the report isn't out yet? I don't doubt the veracity of what you say but is there a reason for any delay? Presume the PEA is being done by an independent assessor outside control of AYM?

NTS

[gimmetheloot] 01/1/2021 11:06

Nick basically 5 times more resource than what we initially thought we had. Also iron ore prices are going crazy and so is the value of our investments in LIM iron ore and Granesberg.
Directors are looking at another project to bring into AYM. We will also have a longer mine life. We should rerate in valuation in terms of our market cap. Easy 5 x from here if you compare to other mining companies who have nothing like what we do.

[nickthe saint] 01/1/2021 11:03

Morning all,

Recently picked up some AYM and all looks quite exciting.

What exactly is the PEA going to provide though?

All the best for 2021

[gimmetheloot] 01/1/2021 10:59

Ben maybe I am but I have used a benchmark figure in an area where we have infrastructure and it was a past producing mine. Let’s see hat the PEA comes up with. I’m sure it’s going nothing short of mind blowing.

[gimmetheloot] 01/1/2021 10:54

One of the directors said that they can exercise 100% if they want to @ Granesberg ;-)

[calmtrader] 01/1/2021 10:50

Yep we have fantastic assets..I'm really excited to see what we do with Grangesberg!!

[gimmetheloot] 01/1/2021 10:44

According to the last report we are able to produce 15000 oz of gold from Parys mountain. Let’s say the cost to extract is 600 usd that leaves1300uSD

15000 oz of gold x 1300 USD = 20M USD per annum. The mine life was around 8-10 years then . Now the resource will be significantly bigger and mine life significantly longer.

This is just the gold. Add to that silver lead zinc]x copper then the iron ore from LIM and Granesberg and the new acquisition. We will re rate for sure I have no doubt about that. The bigger boys will be all over this once we have the PEA.

[gimmetheloot] 31/12/2020 17:23

Our gold copper zinc lead silver is currently valued at zero @ Parys mountain.

[shill10] 31/12/2020 16:21

I make the stake worth over £9 mill at 62c, or 4.5p per share !!??

[shill10] 31/12/2020 16:17

62c LIM now - this is mad

[calmtrader] 31/12/2020 16:11

AYM holding worth £7.5m !!!

[benjamin15] 31/12/2020 15:13

Lim up another 20%

[gimmetheloot] 31/12/2020 14:46

Look at who the directors are at Labrador and Granesberg. It’s the same directors as AYM

[calmtrader] 31/12/2020 14:26

Very short term 25p ish then dependant on the deal they do on Sweden and the acquisition 50p

[gimmetheloot] 31/12/2020 14:15

Danmart.

AYM have the mine permit already.

[gimmetheloot] 31/12/2020 14:14

Dean they can’t afford to dilute, the finance director alone owns 30%. I don’t know how much the rest of them own. They didn’t sell any when it went to nearly £1 so that says it all.

There are very few directors like this nowadays who work for shareholders and if the project pays then they get paid handsomely so it’s in their own interest to work up the resources.

[shill10] 31/12/2020 14:12

Labrador 46c bid pre mkt.

[spacedust] 31/12/2020 13:56

It doesnt sound like youre in the partt mood dean.

I am waiting for 110p

[deanmatlazin] 31/12/2020 13:40

It reached 90p at the height of commodity boom 10 year ago. I will be happy if we get to 50p.

AYM had 150m shares 10 years ago. Currently have 200m shares. Not much dilution in last 10 years. Credit to directors.

I didn’t realised it is half day today. Ooopps. Roll on next week!!