Anglesey Mining Share Discussion Threads

[benjamin15] 07/5/2021 07:56

Grim reaper
You would have thought so wouldn't you...Doesn't seem the case though...

[grimreaper2019] 07/5/2021 07:53

It is interesting that Colin Bird suggests that majors are interested in any copper deposit over 2m tonnes, the combined resource at Parys Mountain is circa 5m tonnes.

The valuation placed on this resource by the market is a measly £4m

Surely AYM is sitting duck takeover target.

[benjamin15] 07/5/2021 07:44

What's happened to the other two metal investment Interests?, the offtake agreements?, QMEs option to take a share?
Almost 6 months into this year is it any wonder we are sitting at 4p...

[kooba] 07/5/2021 06:57

Was just thinking about it but the resources in the ground on both these companies are going off the clock but there is persistent selling...can't help thinking the block sellers have some knowledge i dont! Could just be bored legacy holders convinced the managements will never get things moving but surely they must be able to see the huge improvement in underlying value.

[calmtrader] 07/5/2021 06:47

And now copper at record high..FYI I'm going to buy some Labrador

[kooba] 07/5/2021 06:36

LIM off again and well down on their year highs.Meanwhile iron ore $200 new all time high.Wonder how these numbers look here...who seems to care!The forecast after tax financial results are strong with an NPV8 and an IRR at US$90 per tonne for 62% Fe ore of C$109 million and 39% respectively. Using the current 62% Fe ore prices of US$160 per tonne increases these financial results to C$459 million and 209% respectively.

[grimreaper2019] 06/5/2021 21:37

Someone on the other thread seems seriously intent on proposing a motion at the next AGM that the BOD should sell Parys Mountain, the fellow suggests that he would approach the major shareholder (Juno) for their support.

The current BOD are aged and there does not appear to be a clear strategy, that may have been OK in a depressed market but no more.

There are a number of catalysts here for significant value creation but it needs something to light the blue touch paper.

[kooba] 06/5/2021 21:21

After 25 years !

[calmtrader] 06/5/2021 20:15

Exactly hopefully he wants a very decent return

[kooba] 06/5/2021 20:00

Juno Limited is a private investment fund based in Bermuda. It has been a major shareholder since 1996.Danesh Varma is a director of both Juno and Anglesey.

[kooba] 06/5/2021 19:52

The guy behind Juno is 70 and on the board...isn't he?

[calmtrader] 06/5/2021 19:15

Similar to what I'm expecting

[calmtrader] 06/5/2021 18:47

They do don't forget Juno

[kooba] 06/5/2021 18:19

Senior independent NED aged 76 ..Been on the board 20 years....may well be senior but that ain't independent in any definition. Unfortunate a very literal old boys club...no challenge to perform and get anything done.

[kooba] 06/5/2021 18:09

I rather hope to have retired long before just about any of these folks!I hope they get a shift on while they can still can....if they still can ??Think the corporate governance would be an issue for most institutions ever getting involved...think they would score nil points on many many counts.

[wassapper] 06/5/2021 18:04

Call it continuity!

On the other hand, they have lots of shares in a great asset and wouldn't you want to crystalise that for your retirement/family? They won't let this one just go nowhere this time.

I'm looking for 50p minimum, and anything up to 100p by the end of this year based on deals for Canada and Parys. Sweden is a real unknown, but highly valuable, quantity.

[kooba] 06/5/2021 18:02

Very similar position at LIM board..Looks like the roster of an old peoples home ..not surprised nothing gets done probably having a nice nap.

[kooba] 06/5/2021 18:00

John Francis Kearney 69 1994 ChairmanDerek William Hooley 73 2006 Chief Executive Officer & Executive DirectorHoward Bertram Miller 76 2001 Senior Independent Non-Executive DirectorDanesh Kumar Varma 70 2013 CFO, Secretary & Executive DirectorYoung thrusting board ..great to see chair in place since 1994 !! What the hell ...how far against any governance recommendations are these guys!!

[kooba] 06/5/2021 17:54

Never bloody finished printing them everyday..must presume its a single sizeable seller..but who? No rns

[calmtrader] 06/5/2021 16:59

Sell just printed..are they finished

[trader536] 06/5/2021 16:30

You'd better buy some more then

[calmtrader] 06/5/2021 16:20

I make it $1.55b vs $1.01b in the PEA

[benjamin15] 06/5/2021 16:10

How much is that copper in the ground worth now...Need updates on what the plans are...

[grimreaper2019] 06/5/2021 14:48

AYM has been a popular Twitter pump in the past, if it happens again it could easily move 50%+ in a flash.

The commodity price is certainly working in AYM's favour.

It has consolidated at current levels, would not rule out a decent % move soon enough.