Anglesey Mining Share Discussion Threads

[kooba] 26/4/2021 07:31

I hope you are correct..tempted to have a proper go but just no clarity in timescales or management ability to get this done ...Meanwhile Labrador slightly firmer end of last week but again halved since January spike even though Iron prices continue to strengthen.Can only hope that lots is going on in the background because not much seems to be happening in the foreground!https://stockhead.com.au/resources/as-iron-ore-prices-eclipse-their-2011-high-how-much-higher-can-they-go/

[calmtrader] 26/4/2021 07:07

I'm convinced they are working on it and once announced you won't be able to buy the cheap ones..they have proven resources

[kooba] 26/4/2021 06:57

Copper hit $4.40 closing in on all time high ..there has never been a better time to further a proven near term project to production with both short term price and mid to long term outlook strong ..meanwhile Anglesey share price struggling having almost halved since last fundraise. Love to understand the dynamics behind the share trading ..I literally can only think the selling is from those who strongly believe they will have an opportunity to buy the share cheaper in the next placing or that everything the company say is BS.

[grimreaper2019] 25/4/2021 11:58

Something has to happen here soon enough, how can any management worth their salt sit around dormant when commodity prices are at record highs? The appetite for copper is overwhelmingly high currently.

The best bet for shareholders is a takeover approach, surely the slide rule has been placed over Anglesey by a mid cap or even a major.

The BOD are too old to bring a mine into fruition, probably their aim is to sell the project and cash in on the LIM stake at some point.

The shares seem to have consolidated, maybe a decent entry point ?

[calmtrader] 25/4/2021 09:44

I'm pretty sure we will their plan very soon..with the outlook for Commodities and know resources at Parys something has to happen and then hold onto your seats

[kooba] 24/4/2021 16:00

QME is a small Irish outfit with less than 30 employees and little balance sheet unless i have looked at the wrong filing. These are options in QMEs favour for doing work for nothing..they have first dabs on supplying equipment ..fair dos but not sure how much break clause is if Angelsey do go elsewhere.The part about funding the development looks lovely but i have no way of evidencing if this small company has the wherewithal to put up $99m in up front cape to get a 30% share..its an option in their favour not a commitment in Angelseys favour and it may well ultimately be an issue rather than a positive. Again if $99m funding is all done and dusted in exchange for 30% interest that effectively values the equity in Angelsey at over $200m then I'm cool with that...but I'm pretty sure if that was the case the market might have noticed a slight disparity in valuations?

[trader536] 24/4/2021 12:45

Anglesey Chief Executive, Bill Hooley, said: "We consider this to be a very important and positive step forward in the development of the Parys Mountain mine. QME is experienced in underground mine development and has developed and recruited the necessary skills in mine planning to deliver local and relevant underground mining expertise to Parys Mountain that will assist Anglesey to move forward with the development of the Parys Mountain project at no direct cash cost to Anglesey or dilution of its shareholders.”

[trader536] 24/4/2021 12:32

QME will fund the development to point of production in return for 30%....

AYM has agreed to grant QME various rights and options relating to the future development of Parys Mountain. On completion of the optimisation study and delivery to AYM of the results thereof:

(i) AYM will award QME, on an exclusive basis, contracts for the development of the decline and underground mine development, including rehabilitation of the shaft. This will be done on terms to be agreed following a decision by AYM to proceed with the development of Parys Mountain;

(ii) In the event Anglesey and QME are not able to agree terms AYM may offer such contracts to third parties, subject to a right of first refusal in favour of QME, and subject to a payment by AYM to QME, upon the award of such contracts to a third-party, of a break-fee; and

(iii) In addition, AYM will grant to QME the right and option, upon completion of a Prefeasibility Study (“PFS”), to undertake at QME’s cost and investment, the mine development component of the Parys Mountain project, including decline and related underground development and shaft development, with a scope to be agreed, to the point of commencement of production, in consideration of which QME would earn a 30% undivided joint venture interest in the Parys Mountain project.

[iglenn] 24/4/2021 10:34

Good response kooba.

[iglenn] 24/4/2021 10:33

Although I like bill, does he really have the drive to monetise this? Would Elon sit on this potential.?

[kooba] 24/4/2021 09:58

I own both too unfortunately backing non producing resource companies is always a leap of faith ...whilst one can see the value in the ground ,without efficient funding it stays there and the prospect of continued and heavy dilution if done badly..giving much of the value away. GGP has a partner with deep pockets ( Newcrest update net week ) and things are progressing ..Here the upside is likely greater but the evidence of progress is not there and they have struggles raising piecemeal funding to keep the lights on.If they move the dial get a farm in type partner , or raise some off take type funding and not rely on equity the upside could be enormous ..but its a big if with current management. I really hope they prove me wrong..in which case i don't own enough..yet !!

[iglenn] 24/4/2021 09:42

Apologies as I start to lose faith.

[iglenn] 24/4/2021 09:41

Nice one trader. Although I would say a dodgy drone shot is not giving me the confidence I want. I hold substantial mounts here and am losing faith at the management of this potential. Unlike GGP. This ain't gh.

[trader536] 24/4/2021 07:33

Parys mountain copper deposit, once the world largest copper mine and available at only £8m, must be one of the best microcap buys I’ve ever seen considering current copper prices. The copper can be seen on the surface.

AYM £8m to only £80m for a ten bagger, it's just a matter of time before whooosh! Tick tock....

[trader536] 23/4/2021 12:49

Quite, its only a matter of time before AYM reacts violently to the storming copper price, and with a cap of only £8m its a multi-bagger in the making.

Daily Copper.....




Monthly Copper.....

[wassapper] 23/4/2021 08:45

Copper prices very strong again. I'd love to see that PEA with $4.00 or even $4.30 copper. Returns would be outstanding. Don't think the management are doing nothing. News will come and no one will want to be out of this.

[calmtrader] 21/4/2021 20:02

From Goldman on Copper ..the patient will be rewarded herehttps://m.youtube.com/watch?v=1nwLK-B3rp0&feature=youtu.be

[pistolpete100] 21/4/2021 15:32

For the record I'm certainly not selling at these ridiculous levels...

[pistolpete100] 21/4/2021 14:48

We are all waiting (and waiting) in anticipation...

[wassapper] 21/4/2021 14:08

There wil be a huge surprise here very soon with news. No time to be selling!

[iglenn] 21/4/2021 12:53

Another day the bod can't be bothered to let us know.

[calmtrader] 21/4/2021 11:36

Yep huge volume

[pistolpete100] 21/4/2021 11:22

Another action packed day here at AYM...

[calmtrader] 21/4/2021 07:59

Iron ore smashed it out the park yesterday..come on AYM