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Anglesey Mining Share Chat (AYM)



Share Price: 1.625Bid: 1.25Ask: 2.00Change: 0.00 (0.00%)No Movement on Anglesey Mining
Spread: 0.75Spread as %: 60.00%Open: 1.625High: 1.625Low: 1.625Yesterday’s Close: 1.625



Share Discussion for Anglesey Mining (AYM)


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honestbob
Posts: 506
Off Topic
Opinion:No Opinion
Price:1.63
Diver Mike
11 Aug '15
Bill and co have cunning plan but it is very secret
 
Divermike
Posts: 2,235
Off Topic
Opinion:No Opinion
Price:1.50
?
11 Aug '15
Brent, fancy the CEOs job?
Divermike
Posts: 2,235
Off Topic
Opinion:No Opinion
Price:1.50
8-))
11 Aug '15
Good afternoon Brent, good to hear from you again, hope you have been keeping well, yes certainly Zinc warehouse levels are at a 5 year low and declining, this is all looking good for us, it an only mean a rise in prices, timing is going to be crucial here, Bill and Co need to hit the ground running on this one .......... £1Bn 8-)) just below the surface
Brentharg
Posts: 848
Off Topic
Opinion:No Opinion
Price:1.50
Commodity Prices
11 Aug '15
It's no comfort to investors who have seen their investment in AYM fall to today's tiny level, but the whole of the mining sector is suffering. A few years back a major corporate investor in the company decided to sell up all its shareholdings in mining companies. We can now see what a smart move that was.

But these things move in cycles, and with investment cutbacks in so many commodities (oil, coal, iron ore...) demand must eventually outstrip supply, followed by price rises. Zinc prices are critical to AYM's future because the zinc-rich mineral is closest to the surface at Parys Mountain. The plan is: once zinc prices reach a certain level, begin mining operations and then use the revenue stream to go deeper and access the copper-rich and lead-rich pockets.

So guys, what do we know about the prospects for zinc prices? Is zinc ahead of the curve, so to speak: is there indeed a looming zinc shortage in which the few remaining miners will be able to demand silly prices? AYM's board continue to mention the anticipated world zinc shortage. This seems to be our only hope of a recovery in share price.
Divermike
Posts: 2,235
Off Topic
Opinion:No Opinion
Price:1.50
Dr Rocky
11 Aug '15
Yes does, and he answers Emails, albeit not straight away
DrRocky
Posts: 310
Off Topic
Opinion:No Opinion
Price:1.50
Zinc Warehouse Levels
11 Aug '15
Look like the levels are heading for zero. Is that because they are off loading their stock? This could create a shortage then kick off a price rise.
Do not know whether to ring Bill - does he have a sense of humour?
Divermike
Posts: 2,235
Off Topic
Opinion:No Opinion
Price:1.50
Dr Rocky
11 Aug '15
Something has got to give soon, look at this graph, Zinc wharehouse levels are now down to a 5 year low

http://www.infomine.com/investment/warehouse-levels/zinc/5-year/
Divermike
Posts: 2,235
Off Topic
Opinion:No Opinion
Price:1.50
Dr Rocky
11 Aug '15
Ring up Bill, he would probably give you the whole lot and retire happy
DrRocky
Posts: 310
Off Topic
Opinion:No Opinion
Price:1.50
Divermike
11 Aug '15
This is a very strange share. Reckon it will creep back up above 2p by end next week. Should be an RNS announcing the AGM date soon.
I have noticed that other AIM sharehoders are forming action groups where shares are grouped together registered using a TR-1 form. This allows a lot of small/medium holders to control 10-20% of shares and try appoint their own director to the board. Maybe this is what is needed.
Divermike
Posts: 2,235
Off Topic
Opinion:No Opinion
Price:1.50
Dr Rocky
11 Aug '15
Good to see you keeping the BB alive, more action here than at Parys





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