London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Same trading pattern as last couple of weeks waiting more news
Granesberg and Canada news soon I think
Results on drill sample due soon
Excellent news this could be a huge long term mine in the making and not just for copper
Alan Green comment
https://x.com/Alan__Green/status/1752322708170297825?s=20
Nice! Shows you how high-grade that section is at 2.3.... nothing else close!
This is good to see. Anglesey Mining making some of the bigger copper watch lists out there
https://www.linkedin.com/feed/update/urn:li:activity:7156293815627104256/
Granesberg news next I think .
When we have very low risk stocks/funds like RIT valued at around 20% below NAV with a 2% div, I can see why larger investors are not flocking here. It does not matter what the company thinks it value should be, there is just not enough people investing in AIM stock because of the recession or because they have lost all on other AIM stock, like me. I'm holding what I can afford of these for the long term, at some point I hope they will see true value as we approach mine development.
I really do not understand why the LSE allows such trading. Total waste of resources and a risk of system instability from misuse.
This is a good little video about VMS ore deposits and also a reminder that there is probably still much more to be discovered at Parys Mt. The video also reminds us of the metal deposition sequence in such deposits. https://youtu.be/lp27ORG3u5I?feature=shared Did the company ever drill any exploration holes from the subsurface workings?
Bubble
They show up on every share, it's an app that allocated loose change from purchases etc to shares be it tiny amounts
Lots of these small trades showing on a daily basis still
ENET, so ENET has gone up from £1.5m to £1.83m today ... say £300,000 for ease of calculation, and you have made £100,000 .... wow that means you own a third of the company, Im impressed hussy
Rerate value on assets alone must be 10p+, once parys mountain is proven up then a possible j/v or funding to take it to production would double the value imho
Another Stockbox interview with Alan Green who is re-iterating how excited he is about AYM and points to the material undervaluation and expected news-flow ahead.
When you listen to media like this following the analyst site visit you really have to wonder how the company can only be valued at £7m, basically option money.
Comment on AYM starts around 23 mins
https://www.youtube.com/watch?v=CYqb4taFcFM
600,000 buy interesting
A decent twitter pic of the core was published by Anglesey Mining earlier. Also a clip from the recent interview with a comment from Alan Green on the site visit.
Core pic - https://twitter.com/AngleseyMining/status/1748241263403430373
Alan Green comment - https://twitter.com/Alan__Green/status/1748358703848337806
Put your metal detector away then
That poor hill must be like a sieve by now! Lol. 🙄
Blackhopper 10-20p rating could be achievable for AYM based on cured activities and assets imho 12year mine life estimated adds to rating imho
Good detailed info Brentharg many thanks
Newbies may not quite grasp some of the numbers in today’s announcement. The expressions CuEq means “given that there are five different metals in the sample, a simplified way of stating its value is to pretend it’s all copper, and this is the copper equivalent”.
The units of the three base metals (copper (Cu), zinc (Zn) and lead (Pb) )are stated as a percentage; the precious metals with much lower concentrations but with much higher value are quoted in grams per tonne (g/t).
Another thing worth knowing is the distinction between inferred and indicated resources. The former might be paraphrased as “there is strong reason to believe that X is down there” and the latter as “having spent all this dough on drilling we can now damn well prove that there is X down there”. When AYM borrows the £50m necessary to commence digging the lenders want to be certain they’ll get their money back plus a handsome return, and that certainty is based on indicated resources. The current drilling program has allowed inferred metals to be upgraded to indicated.
Some very nice grades in there.... would love some more core photos on Twitter... always good
holes 2 and 3 from same location so hole 3 should come fairly soon too.
If they are all good then AYM will not be under 2p..... Happy Friday!
12 year mine life in wales estimated !!,just what they need imho how many locals ,experienced staff is that going to employ