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Resources analyst Charlie Long sees good times ahead for uranium Watch here

Resources analyst Charlie Long sees good times ahead for uranium


Anglesey Mining Share Chat (AYM)



Share Price: 3.50Bid: 3.25Ask: 3.75Change: 0.00 (0.00%)No Movement on Anglesey Mining
Spread: 0.50Spread as %: 15.38%Open: 3.75High: 3.75Low: 3.25Yesterday’s Close: 3.50


Share Discussion for Anglesey Mining


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Superjim
Posts: 501
Off Topic
Opinion:No Opinion
Price:3.875
Bargain prices
15 May '17
Lovely chance to top up here when you consider we had a placing not to long ago at 4.50.
 
honestbob
Posts: 1,112
Off Topic
Opinion:No Opinion
Price:4.375
invest72 - Romans
13 May '17
Now I think about they took a pretty dim view when the first Brexit was attempted when they were in charge

If I remember rightly they slaughtered all the would be leavers just after killing, by odd co incidence , a large part of the population of Anglesey

No nonsense with referendums and opinion polls when they were in control
honestbob
Posts: 1,112
Off Topic
Opinion:No Opinion
Price:4.375
invest72
13 May '17
No I dont think they do - but they did get copper out of Parys Mountain - although they probably had a good grasp of the seasons
invest72
Posts: 61
Off Topic
Opinion:Buy
Price:4.375
Brent
13 May '17
Do our best!
Have a great walk but mind those Romans... they don't recognise Brexit.
Brentharg
Posts: 1,205
Off Topic
Opinion:No Opinion
Price:4.375
Look After the Shop
13 May '17
Off for a week to walk Hadrian's Wall. Please make sure that the share price hits 17p for when I get back. 8-)
Brentharg
Posts: 1,205
Off Topic
Opinion:No Opinion
Price:4.375
Mike
12 May '17
I'm just a Google Galileo, mate. 8)
Divermike
Posts: 3,477
Off Topic
Opinion:No Opinion
Price:4.375
Brent
12 May '17
Excellent Brent, you should have been on the AYM BOD a long time back.

"Vote for Brent" 8-))
Brentharg
Posts: 1,205
Off Topic
Opinion:No Opinion
Price:4.375
View Thread (3)
Parys Mountain Site
12 May '17
Here's a pen-picture of our big old asset on Anglesey:

In the image below, compiled by AYM's geologist Jim Emberton, you can see the Morris Shaft to the left of the main road, the B5111. Driving up this road heading for Amlwch you see the iconic winding gear which has been slowly rusting for a quarter of a century but is said to be refurbishable.

http://www.oresystems.com/images/wales_upper.jpg

To the right of the road is a green area. Imagine it fenced in. The Proposed Adit is the entry portal down which vehicles will drive and bring out ore to be processed in the nearby Mill Site.

Further to the right are the historical workings from the 18th and 19th centuries when Parys Mountain was the world's biggest copper mine, making Nelson's ships a copper-bottomed certainty in battle.

The adit or "decline portal" is shown in this image: http://www.fatprophets.com/Member%20Area/Product%20Landing/Report%20List/Report%20Page/~/media/3D89D8FF816A48DF834D88AAA39A4994.ashx

Compare those two images and you'll see the White Rock Zone from above and below, so called because in the field next to the winding gear there's a..... well, y'know.... Five years ago the Directors were saying that mining would probably start at White Rock because it's close to the surface and the revenues would finance access to the really interesting copper lower down in the Engine Zone. But now that the price of zinc has shot up I'd say that it's no longer to be considered a stepping-stone.

I think it was Jim who described the site as "shaped like a ship, the result of vulcanism filling a long lake with lava rich in base metals. That ship has, with tectonic activity, tipped over on its side. The copper extracted in past centuries was chipped off the starboard beam where the ship broke surface." Paraphrasing, of course.

Here's a guess at the three stages of vulcanism, complete with the graphic expression "pyroclastic sheets": http://www.oresystems.com/pics/wales19.html You wouldn't have wanted to picnic in those parts at that time, even with Raquel Welch in a cave girl's bikini.

For word-nerds, the etymology of "Rhyolite", given that name by a gent called Von Richthofen, is "Rhuax" (=lava stream") + "Lithos" (=stone). Oil git me coat.
Superjim
Posts: 501
Off Topic
Opinion:No Opinion
Price:4.375
RE: Has
12 May '17
Brentharg does a very good summary every now and then showing the value of the metals at up to date prices so perhaps he can provide something similar again if he has time but I believe this was his last summary from a week or so ago:

Parys Mountain Metals5 May '17

The five metals (Zn, Cu, Pb, Au, Ag) are together worth £1042m, with the Zinc representing £384m of that total. Net of extraction costs, and discounting 75% of the markup out of conservatism, this would represent a share price of 120p - a "26-bagger" compared to the current midprice of 4.625p.

At $1.18, Zinc spot prices are strangely down on their February peak of $1.35/lb. "Strangely" because the stocks have been falling like a stone: 344kT compared to 460kT last October and 1200kT back in 2012, and yet the price has fallen back in the last 3 months.

http://www.kitcometals.com/charts/zinc_historical_large.html

Anglesey Mining's BOD have been saying for years that the closure of mines in Australia and Ireland would inevitably lead to a supply shortage and a consequent rise in prices. How right they were. At the AGM last September they said that $1.45 - $1.70 was likely. This prediction seemed very bold at the time, when the $1.00 mark had just been breached. Today's $1.18 surely can't last much longer as the warehouses continue to empty.

None of which matters if Parys Mountain's king's ransom of base metals stays in the ground. Bill, are you listening?!
Chaingnam
Posts: 57
Off Topic
Opinion:No Opinion
Price:4.375
Has
12 May '17
Anyone worked out where the sp should be once they start?




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