Could be several reasons for the jump in the apparent selling price. Maybe someone wanted to give a better price for a larger block of shares, or the 2.97 was actually a buy - but only registered as a sell because it was less than 3p.
Still some mileage in this share. Nickel and zinc prices are rising.
please on when significant news re resource estimates/drills/JORC/production could arrive here - I know it's the sleeping mountain so far but the BODs required trigger of relevant commod prices showing the strength to justify some real action is surely upon us - copper broke out the other week to my eye and zinc/lead are both expected to do exceptionally well in the coming months.
I dip towards that 2.5p line again may force my hand here ...
Similar (perhaps more rewarding) experience ... No mathematical / financial or commercial evidence to suggest any other expectation. Einsteins theory on Insanity = "Doing the same thing over again and expecting different results" How much tolerance can you give ...now running into several years. Wish them well ....but think they need some help.
Anglesey Mining plc ("Anglesey") which is concentrating its activities in the base and bulk minerals sectors is pleased to provide the following updates on its major areas of minerals interest in three different countries.
Micon International Limited is now close to completing a detailed review of the mineral potential of the entire Parys Mountain property in North Wales. This review 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 in those estimates.
The report, which is due within a month, will enable Anglesey to better plan its development strategy for Parys Mountain to ensure that the sizing of future operations is commensurate with the entire mineral potential and will not require expensive additions and compromises once operations begin.
The board continues to review the status of base metals markets and in importantly the zinc market to ensure that the commencement of production at Parys Mountain coincides as closely as possible with the expected resurgence in demand for base metals concentrates particularly in the European environment. There are now positive signs that the long expected future shortfall in zinc concentrate supply related to major mine planned closures is coming closer to fruition.
Anglesey completed its contractual arrangements over the Grangesberg iron ore mine in Sweden in late May and since then the board of Grangesberg Iron AB ("GIAB") on which Anglesey holds three out of five board seats has been actively pursuing the restart of development activities at Grangesberg. These activities had been largely suspended for a number of months during the period in which GIAB was undergoing corporate reconstruction and refinancing.
Two major activities are now being progressed that together will enable GIAB and Anglesey to progress the development plan for the reopening of the Grangesberg mine. The first is a review of the resources at the property and it is expected that this will enable a resource estimate to be able to be made under the NI 43-101 standard. Such a compliant resource will ensure that future financing of project can proceed smoothly. The consultant to carry out this work has been selected and it is expected that a report on this estimate will be delivered to GIAB in August.
The second activity will look closely at geo-mechanical and hydro-geological aspects of the site which will be critical components of the permitting regime required for the dewatering and reopening of the mine. The principal consultant who will oversee this work, which will include drilling boreholes into the general mine area and
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