Will increase dramatically during 2016 when zinc and other prices peak. The clowns in charge have a slim chance of turning things around. I have a load of bottles full of 2p pieces to buy in next week. Used to watch Countdown with Bob Holness. Dead funny when someone asked for a pee. 2pees will do me. Keep taking the chill pills. Abusive messages - dont worry got your IP address.
The review of parys completed by Micon is expected to be released very soon, its already in the hands of the AYM BoD and it just seems a coincidence that at this weeks AGM they agreed to to shares being issued, why? And why now? The review of parys will cover both those resources on which Micon has previously provided JORC compliant indicated and inferred resource estimates as well as studying a number of other deposits and locations within the property that were not included. So are they onto something big? Are they issuing shares to a JV partner or institutional investors? What's the cash for? They are debt free... My sus****ion is that the share issue is to raise capital for operational start up costs, naysayers shoot me down but please provide an alternative hypothosis . GLA
It's a shame but the Chinese slowdown will probably impact on Australian and Canadian mining operations. I'm fearful the value of our mines may not be realised for many years. With operating and exploration overheads on the increase we may not be in a good position.for future profit. I bought in mid week and sold 75% at a loss on Thursday/Friday having researched the risks more fully. I hate losing money but! Best wishes all. Freddie
(Dammit, pressed the wrong button) .... asset they bring their deep wallet and a bunch of keen young mining graduates who come to live at Amlwch (c) A smelting company on, say, the Baltic coast who needs secure supplies of copper/zinc/lead ore, who brings its deep wallet. (We used to have our own smelting capability in Britain - at Swansea in fact - but we went through a phase of believing that industry was a dirty smelly activity and we would all be happier with arts degrees and McJobs) And lastly (d) We sell the billion pound mountain to some other business for a fair price; we divvy up the loot between us and go our separate ways. (This is known as voluntary liquidation, which is a perfectly respectable thing to do and not to be confused with the L-word when creditors run out of patience. In fact, we don't have any creditors: the business is not in debt.) It very nearly sold for A$28m five years ago, but the Aussie buyer pulled out at the last minute. I have no idea if A$28m was afair price, but it sets a benchmark for any future repeat of that. As a wild guess I'd say that today it must be worth between half and twice that sum. This is a useful comparison to the Market Capitalisation figure that today's share price gives: £5.3m.
In summary, I personally am peeved at how long it is taking for that rocket to launch, but prefer by far to wait for these mighty assets to be properly exploited than to sell up now for tuppence ha'penny and have Dr. Rocky sneering at me as he sinks his fangs in to my stupid short-sighted corpse.
I second that. Until the BOD raise finance for Parys Mountain's billion quids' worth of copper to be mined, the movements in this stock are the result of speculation rather than investment based on future revenue and profitability.
If the day ever comes that an RNS announces, "Anglesey Mining is delighted to announce that...", the SP will go up like a - what's the metaphor I'm looking for? - cruise missile on steroids. Nah, that was a reaaly crap attempt at a metaphor, sorry.
The shenanigans of the past week have been interesting. I see a buch of sheep bleating that their hard-earned grand has become half that, and a wolf who hides behind the pseudonym of Dr. Rocky goading them into rash actions. I assume that they take his pseudonym to allude to a qualification in mining. I take my hat off to Dr. Rocky because the game of the past week has had little to do with investment and everything to do with making a fast buck out of other punters. And I take the words of Dr. Rocky with a pinch of salt. Correction: with a 40T lorryload of sodium chloride.
I'm going to put a few hundred thousand shares up for a Limit Sell at 20p and some more at 30p. My reasoning is that, come the day that some really good news emerges, the new investors (see how polite I am there?) will arrive on a scale ten times bigger.
What might that good news be? There are three or four possibilities. For instance, (a) AYM raises £30 or £40m from a bank (b) We strike a deal with a major mining player such as Rio Tinto Zinc, and in exchange for a slice of our glorious copper
Lots of knowledgeable and "entertaining" messages around the recent SP spike. I have held a small investment for several years and the only thing I seen AYM produce is "Reports"... lots of them. Yes, they do own some mineral assets, but they have no revenue stream, no start-up funding ...and I suspect the estimated costs of start-up are seriously under estimated. Excitement and enthusiasm is great but they need to be anchored in reality.....for the longer term perspective.
Sorry but the increase was an attempt by mms etc to entice fresh blood to offload their residual shares. If there is things going on in the background then how come no one was buying today? Company is worth 5 million so who is going to lend it 20 million? What a load of ******
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