Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Vib6er,possible the way these buys keep coming in
2p for Xmas anybody : )
Another blue day I see ,moving up nicely
More pics of core samples looking good
He has just posted some other core pics, which look impressive
https://twitter.com/Alan__Green/status/1736702863953314292
Some interesting commentary over on the other site last few days, the analyst visit, undervaluation, possible corporate action, all discussed with a number of theories suggested.
I have added to my position here, it is pretty clear to all that something is going on not withstanding the very low market value to peer groups.
At the moment it is exceptionally hard to get your hands on the stock as the market has reduced buy limits to a trickle, one senses a material re-valuation of Anglesey is about to take place.
DYOR etc.
Sweden and Europe are desperate for high grade ore. As the new electric and hydrogen furnaces increase in numbers around the world demand will rocket for the 70% grade product. And remember we have the Apatite and REE, which are additional resources beyond the iron.
Where did this hydrogen power plant for Grängesberg idea come from? I know about a pump storage scheme for when the mine has finished operation, but seen nothing about hydrogen power plant. Hydrogen would be for the steel maker not the miner, unless they are planning on an eco furnace in Grängesberg using ore direct from the mine with zero transportation cost.
Grangex expect to be pumping at Dannemora by Christmas and they have also just bought Norway's 3.5mt pa Iron ore mine, Sydvaranger, another brown field project for $33m US paying $20m up front and $12m on build.
Dannemora is now fully permitted and project level finance is due to complete within the quarter.
Interestingly the fee paid for Sydvaranger was for a project with a NAV of $550m which would seem to indicate that with nothing done to the project our own Grangesberg project NAV $688 should be worth more.
A value of over $40m pro rata is the open market price for Grangesberg based on the sale of Sydvaranger!
It is not difficult to see then how undervalued Anglesey has become.
It is also clear that the Swedes have established some precedents which might favour the permitting at Grangesberg given that Dannemora looks to be proceeding.
Tesla,some very good points there indeed lths have waited a long time to get to this stage it would appear that they are about to move finally in the right direction I guess it does take time to build a small business ,recent activity would suggest that something is definitely happening in the back ground am hoping we hear next week or early January ,Anglo American was mentioned last week also the options for Granesberg have been discussed continuing mining or convert to hydrogen power plant
I thought I may add whilst still on the computer incase it is mentioned regarding a concern of the companies actions. Many In the frustrated camp may feel that the share dilutions were unnecessary and caused an inevitable decline in the share price. While I also share that frustration we must not forget the ability to raise funds in the current environment and do so successfully has to also be viewed from a positive lens.
Had they not been able to do so and progression stalled I think we would all be equally if not more frustrated.
There is certainly something going on in the background. Around 4 million shares purchased today in larger quantity. This is around the 3rd occasion in recent weeks this has occurred. All it really needs is for there to be a belief that this company is going places and I feel bigger investors will fill their boots, especially at these low prices.
It has been an incredibly frustrating time for buyers that have been sat decades, and I think they deserve a pay off.
Aym came to my attention at random in 2021 on the retrace from the 8p level. When I had a look into the company I became a believer in this company and were I feel it will reach in the future. My buys began at around 5.5p and I went quite heavy in the 3.5-4.4p region thinking we were reaching the bottom. It held its position in that range between 2021-2022. Now sat on a 3.8p average ultimately waiting to start selling my shares in the long term ideally for at least 25p average.
Although this has been diluted recently there is still a relatively low amount of shares in circulation if any meaningful buying was to occur this would rise quickly.
I think the volume of daily trading in 2023 as we have all seen has been poor. And I think even those with the most positive outlooks on here can admit this year hasnt been great for the share price.
However if like me you believe we are heading towards production at the Anglesey mine (my point of focus is here rather than Grangesberg), a solid foundation has to be built first.
From my perspective (ignoring the share price) there has been no actions by the company that have concerned me during 2023. I have been pleased with those foundations being built. I believe care and caution is being taken by the company and I hope that 2024 will yield a better share price because of it.
I have traded and invested in some dogs in my time (fortunately only ever nursed two losses in 14 years) and during that time you learn to see which companies are gung ho and make mistakes and over promise and underdeliver.
As a conclusion on the topic and regarding care and caution. This stuck out from the recent RNS. Those that may have been in oil shares in the mid 2000s will know how equipment malfunctions and breakages can be costly. I was impressed to see that the AYM team were logical calm and considerate in their approach
“We were originally planning on completing the downhole Muon survey on NCZ001; however, a zone of broken ground at a depth of 390 metres – interpreted to be large fault – would present a risk to the survey tool and increases the chance of losing the tool down the hole. Subsequently, we will aim to conduct the Muon survey upon completion of the next hole.”
As I do not post on here frequently I wish all those genuine long term holders and those oddballs and wierdos like myself that believe in this company a happy holidays. And look forward to a better 2024 here.
Interesting week next week by the looks of things
This is an excellent report "Understanding the high-grade iron ore market" a couple of years old, but very informative. In PDF format https://pearlgulliron.com.au/wp-content/uploads/2021/09/Understanding_the_high-grade_iron_ore_market_Fastmarkets.pdf
Some idea of current price in this article "DR magnetite concentrate is US$167 per tonne CFR China" https://m.au.investing.com/news/stock-market-news/cyclone-metals-a-step-closer-to-producing-lowcarbon-lowcost-steel-component-following-positive-test-results-3063306 quite a premium over the basic ore.
Were the company projections based on 70+% ore prices?
Looking at the charts here https://tradingeconomics.com/commodity/iron-ore it looks like iron ore cargoes with a 63.5% iron ore content will be way above £125 for a while. But these prices are for low grade ore. The ore that was produced by Grängesberg is over 70% so is a premium product that is required for the new electric and hydrogen furnaces. Can anyone find the current and historic prices for 70+% ore?
Iron ore price is expected to rise more according to report out from china last month
I note that the project financial projections were based on iron ore at $120/y but now they are at $135, so maybe things might move forward.
11p rating suggests a massive bargain here no wonder they buying them up!!
Some very chunky on market purchases over recent days, is someone trying to gain control of AYM, the 20.5% stake change was intriguing, especially as it was unexpected and no price was given, the buyer already has 3%/4% via options and other instruments + add to the mix the 4% stake by More Acquisitions CEO you are looking at nearly 30% combined.
The value is here, under JB he has diluted that value by bucket shop placings, it looks like someone is about to take advantage.
So far the general market has not latched on BUT it soon will if these large trades keep hitting the tape and the price rises more.
Any offer would need to be multiples of todays price BUT if someone already has 30% !
Granesberg news pending
Ben yes I think your right
Is looking like a move north is coming
Under the radar indeed the future looks really good for aym if they go to production which is looking positive for parts mountain, only part of a big portfolio though for aym