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Is the Bull Market over? Andre Minassian says no! Watch here

Is the Bull Market over? Andre Minassian says no!


Anglesey Mining Share Chat (AYM)



Share Price: 3.375Bid: 3.25Ask: 3.50Change: -0.125 (-3.57%)Faller - Anglesey Mining
Spread: 0.25Spread as %: 7.69%Open: 3.375High: 3.375Low: 3.375Yesterday’s Close: 3.50


Share Discussion for Anglesey Mining


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Evertommy
Posts: 627
Off Topic
Opinion:Strong Buy
Price:3.625
Finance and scoping
Tue 13:04
to arrive at the same time?
 
calmtrader
Posts: 116
Off Topic
Opinion:Strong Buy
Price:3.625
RE: Nice chunky buy
16 Jan '17
hope so... bought a few more today
Superjim
Posts: 395
Off Topic
Opinion:No Opinion
Price:3.75
Nice chunky buy
16 Jan '17
Hopefully we're getting closer, fingers crossed.
Evertommy
Posts: 627
Off Topic
Opinion:Strong Buy
Price:3.625
RE: Hoping Study
16 Jan '17
I wish they would hurry up though
Evertommy
Posts: 627
Off Topic
Opinion:Strong Buy
Price:3.625
RE: Hoping Study
16 Jan '17
Maybe they just keep re calculating it each day as the price of metals continues to increase
pickaxe
Posts: 24
Off Topic
Opinion:No Opinion
Price:3.75
RE: Re: Tried to resist, but
15 Jan '17
Trev2,your post echo's my sentiments entirely.Of course we all want Anglesey mining to be a great success,but there seems to be a lack of enthusiasm,drive,spark,leadership,call it whatever,it feels like a game of cat and mouse or call my bluff when trying to understand what the Board will do next.Tut tut.
Brentharg
Posts: 1,042
Off Topic
Opinion:No Opinion
Price:3.75
Hoping Study
15 Jan '17
Here's what I wrote on 28 Sep immediately after the AGM: "A scoping study is in progress by consultants Micon. This is imminent, and might have been available today but for a small delay. An RNS will be issued in due course. The study will include factors such as the availability of good cheap 2nd hand equipment, the post-referendum drop in Sterling, and metal prices. Armed with this report, the BOD will approach potential partners: preferably long term equity partners." Fairport Engineering was actually mentioned alongside Micon, but my pen couldn't keep up!

So when "autumn" was promised by the BOD they surely thought that those 3 months was a doddle. It's now overdue. We can only speculate at how much of this is down to the suppliers and how much to the BOD's own input: commodity price assumptions is one for the BOD. Who knows, publicly stating such expectations may have an effect on negociations with potential partners in much the same way as the UK Govt is being tight-lipped about its objectives prior to Brexit negociations.

Anyway, metal prices have perked up again, and Parys Mountain is now worth £1095m. If it costs £400m to extract and we pessimistically discount 3/4 of the markup, this equates to a share price of 101.2p.
tommyred1945
Posts: 16
Off Topic
Opinion:No Opinion
Price:3.75
lack of
15 Jan '17
they got no idea of open parys that is the logal peaple are saying i live only 10 miles away
honestbob
Posts: 1,061
Observation
Opinion:No Opinion
Price:3.75
diver
15 Jan '17
That is good point and I live in hope ( but not expectation) that when RNS eventually comes it will be a complete package

- resources - cost to get them out - how it is being financed

Other possibility is that all be announced except point three - bounce share price up - as last time and another placing to follow .

Hope not in that it would be good to see lender on board, without dilution, having sufficient confidence in plans to back the project .

Unlike a lot of miners Anglesey own the site - not just a licence so have ability to give tangible security if required

Good chance that site value is in excess of funding so could, and unusually,,be a fully secured finance line
Trev2
Posts: 119
Observation
Opinion:No Opinion
Price:3.75
Re: Tried to resist, but
15 Jan '17
..the delay in the publication of this "Scoping" study .... was very predictable.
I just hope the outcome (quality) justifies the delay.
We have commissioned numerous reports before and I am unsure if any have added value.

Expressing frustration about the delay is understandable and the reason may even transpire to be excusable, but what is wholly unacceptable is the absence of any communication.

There is no acceptable explanation for such behavior and yet again it highlights the apathy of AYM leadership.
It reinforces my concerns about the leaderships' ability to manage / develop this operation.

I appreciate that these comments may be more "brutal" than my previous contributions ... but AYM purports to be a business and my perception is, that it falls woefully short of normal expectations.

Sorry ...




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