Member Info for Andytheengineer

Are you Jo in disguise?
Lol
Seriously, Parys is a fantastic resource... The permitting process is a given tbh, and then we will all be asked to stump up to commence production. Exciting days..

Below 2p today. WTAF

Good data but this not about the 'european' steel industry. The steel will get produced wherever production, IE power and labour, is cheapest.

Pick and choose your junior miners at your peril..some of these are a hillside in a foreign country and a great story. Others actually have a bit more than that and deserve our patience.

This one of the bargains of the season. We should be looking at what sort of price any other miners with a similar project are at right now. My quick checks suggest this share is undervalued against peers by around 80%

But that is mining development in a sentence to be fair...

Great - a sensible stake that a bigger company may take an interest in. Time to cash out of Grangesburg...

Someone is clearly reducing their holding. Its a shame because I can only see better things than languishing at 2p/ share.
Has anyone not told our dumper to check the global demand for iron ore right now, for instance?

That's harsh but funny..

I would definitely like to see a split in the company to separate the three mines. I think this would unlock share value straight away. If the BoD ever secure full control of Grangesburg, then split and sale? There is an awful lot of Interest in junior miners with iron ore. I can barely think of one in eg West Africa that didn't get sold and developed. And some of those needed railways and docks to be built first. Who knows, there may even be cash left over to to start Parys!

That's a very precise figure - how did they derive it, I wonder?
I see one of the other threads talks about 99% readiness to proceed at Parys. That's great but seems to overlook the fact that someone needs to spend money to get over the final 1%. That could take 99% of the effort.
We need more clarity from the board here. I still don't know if they are an iron ore miner, or copper or zinc or silver. Grangesburg needs to go forward to unlock the 11.2p share fair value target right now. What is happening with the overall ownership and the option for purchase of the controlling interest? Until we have that sorted, it goes nowhere.
With a controlling share, there should be considerable interest from Majors to pump some air in the tyres and see if the wheels still turn, as there seems to be a fair bit of interest in non-Russian iron ore supplies globally right now. This could build considerable momentum very quickly, and drive the share price towards or beyond the 11.2p of WH's fair value. I said in a previous thread that all of the value for Anglesey imho is tied up in Grangesburg, and I still believe that.

I forgot to add the link about the initial Grangesburg stake:
https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/metals/052914-uk-anglesey-mining-eyes-controlling-stake-in-swedens-grangesberg-iron
$145000 for 6% in 2014.

I don't think the 50% is as expensive as you might suspect but it may time-limited.
To be honest, I've never thought Anglesey Mining has been about Anglesey since Bill Hooley bought this this little slice of Sweden. Just keep it as a film set. Swedish iron ore is a proper old-school mining play, and for European supplies going forwards this is the right time and right place as the final Russian ore at the smelters gets depleted. It would be great to see a few majors fight over this :-)

So when do we get news of the infill drilling results? I assume a good result lifts the share price??
I am not sure if this is a ferrous or non-ferrous mining company. The directors need to be looking at the iron ore in Sweden in light of Russian supply issues into Europe. This is where the true value is in the share, not a hole in Wales (Apologies to the Welsh). Do we even have valuations available for the holding at Grangesberg?