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Anglesey Mining Share Chat (AYM)



Share Price: 1.725Bid: 1.50Ask: 1.95Change: 0.00 (0.00%)No Movement on Anglesey Mining
Spread: 0.45Spread as %: 30.00%Open: 1.725High: 1.725Low: 1.725Yesterday’s Close: 1.725



Share Discussion for Anglesey Mining


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Divermike
Posts: 2,686
Off Topic
Opinion:No Opinion
Price:1.675
Zinc
19 Apr '16
Zinc price just gone thru 86.5c, on its way to 87c
 
calmtrader
Posts: 39
Off Topic
Opinion:Strong Buy
Price:1.675
re: zinc and Iron Ore
19 Apr '16
not much going on today Zinc+2% and Iron Ore +5%
honestbob
Posts: 716
Observation
Opinion:No Opinion
Price:1.50
diver
19 Apr '16
I am sure you have seen extract below this but if not might be of interest - copper price also very pertinent

Even on todays subdued prices that would imply a fair amount of income - and this is off the confirmed resources _ I believe there are large areas that have not been test drilled yet .Clearly extraction costs will have to come off .

Life of mine revenues would be derived chiefly from
copper and zinc, each providing about 40 per cent of the
total, with lead, silver and gold making up the other 20
per cent. In the early years of production zinc would
provide a higher proportion of the revenues. All of the
mining would be underground so surface disturbance
would be minimal. When in full production at 350,000
tonnes per year the mine is expected to produce about
20,000 tonnes of zinc, 8,000 tonnes of copper and
7,000 tonnes of lead metal in concentrates each year.
Divermike
Posts: 2,686
Off Topic
Opinion:No Opinion
Price:1.50
Zinc
19 Apr '16
Zinc having another go at breaking 86c
Brentharg
Posts: 861
Off Topic
Opinion:No Opinion
Price:1.475
Mike: Warehouse Levels
18 Apr '16
Better than you thought, mate, world zinc stocks are now down to 415kt. Dropping like a stone. Woo hoo!
DrRocky
Posts: 416
Off Topic
Opinion:No Opinion
Price:1.475
Be careful - BBC article 1 hour ago
18 Apr '16
China has vowed to reduce the amount of steel it makes, Business Secretary Sajid Javid said.
He spoke after attending a crisis meeting in Brussels about the global steel glut.
China has "absolutely recognised that it is a problem of overcapacity in their country", Mr Javid said.
"They're committing to do something about it and I think that's a very positive step forward."
Mr Javid said it was the first time all the major steel-producing nations had come together with the industry to discuss the issue of excess capacity.

Maybe the reason warehouse stocks of zinc are low is that there is no short term demand? UK steel is closing because we cannot compete.
Also if Zinc prices there are other Zinc mines that have previously been mothballed but could lurch back into production.
calmtrader
Posts: 39
Off Topic
Opinion:Strong Buy
Price:1.475
RE: 5 Messages
18 Apr '16
Yep all looking good. We must be close to an announcement...and I think the market will really love it if a big part of the finance comes from the Welsh Assemby
Divermike
Posts: 2,686
Off Topic
Opinion:No Opinion
Price:1.475
Copper
18 Apr '16
Oh by the way, Copper stocks have just hit a historical low as well
Divermike
Posts: 2,686
Off Topic
Opinion:No Opinion
Price:1.475
5 Messages
18 Apr '16
1) Brent, Zinc nearly went to 86c today settled back to 85.5c, levels at 418k tons wahoo, 2) Bill wake up its happening, 2 years to production you told us, lets get going, we need to start now, 3) coppertop FFS !!!!!!! send us the pics,( FFS is nothing to do with a first feasibility study) 4) MMs, drop the price again please, I haven't got my million shares, close but not quite yet 8-)) 5) Everyone, a £12m buyout offer for Parys is a 5 bagger from here.
Divermike
Posts: 2,686
Off Topic
Opinion:No Opinion
Price:1.45
Dr Rocky
18 Apr '16
£13.94 on the top trades table ha ha, you could buy a shovel an a bucket, £1800 worth of declared trades an we go up 9% ?




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