Share Name Share Symbol Market Type Share ISIN Share Description
Anglesey Mining Plc LSE:AYM London Ordinary Share GB0000320472 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.30 10.34% 3.20 1,162,430 13:03:05
Bid Price Offer Price High Price Low Price Open Price
3.10 3.30 3.20 2.89 2.90
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.33 -0.20 9
Last Trade Time Trade Type Trade Size Trade Price Currency
13:20:33 O 9,712 3.13 GBX

Anglesey Mining (AYM) Latest News (2)

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Anglesey Mining Daily Update: Anglesey Mining Plc is listed in the Mining sector of the London Stock Exchange with ticker AYM. The last closing price for Anglesey Mining was 2.90p.
Anglesey Mining Plc has a 4 week average price of 2.85p and a 12 week average price of 2.85p.
The 1 year high share price is 4.70p while the 1 year low share price is currently 2.85p.
There are currently 280,175,721 shares in issue and the average daily traded volume is 602,459 shares. The market capitalisation of Anglesey Mining Plc is £8,965,623.07.
trader465: Last time AYM were at 90p there were about 180m shares in issue, now we have about 280m shares in issue, so the equivalent share price would be about 57p Also, in those days we didn’t have the Grangersberg asset, and now we have increased resources at Parys to boot, so my target of 40p within 2 years is looking very reasonable.
herpes free now: Lost patience here and dumped half my investment this morning. Missing a target by a full quarter without an explanation to investors is just unacceptable. Also the drilling at Parys commenced in November 2021, by the time all the assays are known it would have taken almost a year from start to finish, again this is too long and unacceptable. It’s almost a year since Jo Battershill took over, his enthusiasm hasn’t been reflected in the share price due to the lack of timely progress. If AYM exercise their right to take a larger percent of Gr√§ngesberg how are they going to finance it?
klondykejohn: Miners are being hit hard trader. Inflation at very high levels, BoE and US raising core rates. Mortgages becoming more and more expensive, food prices up 20% in the last couple of months. Need I go on. The upshot is that we will see less spending, shrinking economies, mass redundancies. Even if we get this wonderful news that you tell us is coming, inflation will nullify the vast majority of it. Could the share price dip below 3p? It is a big possibility. The only possible way that we can get out of this mess is for the Ukraine war to end and oil prices return to much lower levels and for China to come out of total lockdown and push the button for an accelerated growth programme. Even then, it will take at least a couple of years to get back to where we were a couple of months ago. we are in a severe bear market so stop kidding yourself about far higher share price for Aym
trader465: In 2017 Micon produced a Scoping Study on Parys Mountain. This followed previous work by Micon in 2006 and particularly a JORC resource estimate in 2012. The 2017 Scoping Study included major input by Fairport Engineering Limited ("FEL") on the process plant design and costing. The 2017 study was based on only the Indicated Resources in the Engine and White Rock zones. These amounted to 2.45 million tonnes and at a planned production rate of 1,000 tonnes per day gave a mine life of approximately 8 years. Anglesey concluded that utilising the Indicated Resources only did not properly reflect the potential of the Parys Mountain property. In 2018 Anglesey entered into an agreement with Quarry and Mining Equipment Limited ("QME") to carry out an Optimisation Study to review expected mining capital and operating costs and potential mining tonnages and to include the additional Inferred Resources previously identified by Micon in 2012. The QME Optimisation Study was completed in 2020. Hence the share price spike and higher share price today.
klondykejohn: Just answer my question trader. And while you are at it, why is it that a company with limited drilling results who state that they could be sitting on "billions of pounds worth of Commodities"{Cornish Mines} can arrange funding of about £45m when after all the drilling Aym have done and the knowledge that we are actually sitting on known massive amounts of commodities have never been able to find any production money or key investor. Unless you of course want to state that Juno, as our largest investor have the money to take us into production. The truth of the matter is that our old board were stay away players with little interest in taking Aym forward, nor Grangesburg for that matter. We have been used as a mini cash cow by the board for a long time. Share numbers have almost doubled in the last ten years providing a bonus for the BoD in a small way and what have we got to show for it? An share price that is languishing around 3.3p with no news on when we are to get funding to drive us into production. These shares should be worth at least 20p, but where is the confidence from the market? It doesn`t exist. The old board have a lot to answer for, Kearney and Varna in particular and it is about time that they did the right thing and handed over stewardship of Aym to a completely new group of people with some drive, flair, and willingness to see us into production. You may like making some money as you trade shares between 3p and 4p, but some of us want to see this company finally go into production. The BoD cannot do this and should resign.
klondykejohn: Must disagree about Juno. They have been a majority shareholder for many years, carrying too much influence during that time. If their shareholding had been minimal, then it is quite probable that Aym would be much further down the road to being a production company rather than an exploration company. It has been too easy to sit on the board and just pay lip service to Aym. Jo is a prime example of what can happen once their influence on the board has been negated. Now get them off the Grangesburg board and things might happen much more quickly. Share dilution has happened every year for a number of years to pay for debt so this would have continued anyway. I still believe that Juno has been the bad marker for better investors to become involved. Sadly, they still own 22+ % of Aym so will always have a major influence on the low share price
j5thumbs: Kenny, I don't expect miracles from this. To be honest, one of the 3 reasons I bought AYM is the environmental footprint - RTZ, BHP et al don't have a great environmental record. If it multi-bags, that's a bonus. I doubt the share price will start moving until AYM or its subs get a bit nearer to pulling the ore out of the ground. Or a mining major decides that buying into AYM would be a nice touch of corporate greenwash. LOLZ !
spacedust: Not doubting aym as a there could trillions of pounds but the share price will remain at 4p no matter what. So why do I say that? Because there has been brilliant news for a whole yr now and the share price is static at 4p on average. Just take a loom at the 12 month chart. Average is the magic word here
klondykejohn: I still think that Kearney needs to prioritise. Labrador, then Grangesberg then Parys. Labrador is the easiest to get going. He needs to find an ore buyer as a matter of urgency whilst iron ore prices are high. This alone gives Parys share price a massive boost. Our share of profits in the next couple of years pays for the 50% option on Grangesberg which will be some time away from potential production. Get rid of the old guard who have been demoted to Grangesberg and put another proactive team in place. Profits here will then pay for Parys development and eventual production and will massively boost our share price Finally, get a PR guru in place. Our exposure is ridiculously poor. Just look at Cornish tin mines and the interest in that new venture. It`s share price will make our 4p looklike a poor relation. I wish us all well, but we still have kearney at the head of a rotten old broom. A clean sweep is needed to really give us some direction leading on to a massive share price boost, and yes, Jo is doing well, but who really is working at his pace. The answer is nobody of our aged directors.
trader465: djb3 - current iron ore production at AYM is 3mt pa, and then there’s the copper, zinc, lead, silver and gold. At 4p the dividend yield is a market beating 10% and the cover is x4, cheap as chips, fill ya boots before you’re too late. DYOR my good friend 👍 spacedust - It’s probably best to look at your glass as being half full as opposed to half empty. Have you considered putting your money somewhere safe like under the bed where it’s value will decline by 5% a year? Did you not notice the AYM share price rise 700% from its 2020 low? Even after the pullback last year it's still up a huge inflation beating 300%, that’s far more than you’d get with any bank or savings account. I have accumulated almost 3m of these at average 3.9p including one tranche bought in 2019 at 2.5p. I’ll be adding more in a couple of weeks with a target of 30/50p within 2/3 years.
Anglesey Mining share price data is direct from the London Stock Exchange
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