Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Here's a link to RNSs: https://www.angleseymining.co.uk/category/anglesey-announcements/
Drat. Forgot to post the link. https://www.youtube.com/watch?v=sgOEGKDVvsg&t=248s
You refer to "Brentharg and his/her followers" as if there are only two genders. This is sooooo 20th century. There are 75 different genders, each with their own set of pronouns. My gender is Klingon and my personal pronouns are not he/him/his but @@/&£#/<>. Klingon pronunciation is impossibly difficult for you Earthlings, but the @@ pronoun sounds like an escape of gas from a cylinder.
In other news, a superb presentation by Canadian energy economist Mark Mills is worth watching for those seeking to understand copper's long term prospects. Among the many facts he reveals, Mills points out that the Net Zero folly being inflicted by most western governments is doomed to failure. There is nowhere near enough metal resource in the world to make this bonkers dream a reality. Copper is only part of this shortage, with ever-sinking grades (worldwide < 1%, and, lucky us, Parys has >2%). The amount of Lithium needed is not 42% more than current worldwide reserves.... oh no..... but 42 times as much!
Mills stresses the 16-year lead time in opening new mines. He points out that when demand for an essential resource exceeds supply over long periods the result is always a severe price escalation. He points out that Norway - uniquely blessed with resources and wealth and topography - cannot be a model for "energy transition" ambitions of poorer and flatter countries; that it's bonkers to say "if Norway can do it then so can we", which is like saying, "if Usain Bolt can break the ten-second sprint barrier then it's about time we all try to match him". He also shows the rising cost of the various metals in EVs - many thousands and rising fast. He also shows where in the world are the (a) metal resources and (b) the smelting capacity - increasingly in China or in Chinese hands.
This Net Zero madness makes me despair at the great hardships in prospect for our fellow citizens. But... lucky us to own Parys Mountain with its great treasure, in a politically stable jurisdiction, with an astute management team.
Although not a Welsh speaker (sadly) the language interests me. The new name for the White Rock and Engine zones - Morfa Du - should really be Morfa Ddu, pronounced "Morva Thee". The letter F is pronounced like V in English (Aberfan sounds like the transport of a Swedish band before private planes); double D is pronounced like TH in English (the famous rugby club isn't pronounced Ponty Prid but Pont-uh-Preeth) and the final U in Cymru doesn't rhyme with kangaroo: it's Cum-Ree not Cum-roo.
Morfa Ddu is black something. Can somebody help?!
It’s a bit early for Huzzarski to be hitting the bottle, but he continues to subject decent folks to his foul mouthed rants. I have reported him and his potty mouth to LSE. How I pity people who have to endure his physical presence in addition to his sociopathic words.
Ben, the PEA for just the Parys Mountain asset comes up with an NPV (net present value) of £96m. Divide that by AYM’s 295m shares and get a share price of 32.5p. Whatever value the Swedish asset has is on top of that 32.5p. The NPV figure takes into account interest on borrowed money and extraction/transport/processing costs and future revenues are discounted at 10% per annum so that a ton of zinc in year ten is less ‘valuable’ than a ton in year one.
Jo told me last year that the golf sponsorship is a way of raising interest among high net worth individuals on the island. Of these there are many down Menai Bridge way especially. The higher the SP the easier it is for him to raise working capital with less ‘dilution’. We all want to see that SP rise above the current absurdly low levels.
A likely explanation of that enormous trade is that it’s working capital raised by our CEO as stated in recent RNSs. The FT Guide to Shares says that all trades must be reported but are not confined to electronic dealing: two blokes could agree on a trade down the pub and scribble it down on a signed beer mat. That transaction would be legally binding. In time, it would have to be formally logged and made public. That’s what happened here I think.
Haha, Jo Battershill is beavering away! This energy/pumped storage side-project shows that Jo has enough ‘bandwidth’ to advance AYM’s interests on several fronts at the same time.
I’m pleasantly surprised that he has pushed our Swedish subsidiary, Grangesburg, forward at such speed. This, while beavering away at the resource estimates at Parys Mountain - or rather getting others to beaver away at it. This is what competent managers do: control and delegate rather than focus on one area of responsibility to the exclusion of other areas.
We may manage to repeat last September’s site visit this year or next. Those who attended the recent gig were able to observe Jo up close: the guy’s energy and enthusiasm, his clarity of thought, his interpersonal skills, his grasp of detail in matters technical and financial and even political.
On the subject of Rare Earth Metals raised by Bubble2021, here's what I wrote on 12 September last after the gathering at Parys Mountain:
SITE VISIT TAKEAWAY POINT NO. 5
Drilling and analysis: Our young geologist, Jake, was in attendance. Where visitors expressed an interest he was happy to take them into the Core Shed where samples were neatly laid out in trays. Some of them, that is... in recent months many hundreds of metres of these smooth heavy grey cylinders have been extracted by the drilling rigs and indeed there was a heap of discarded ones outside. I pocketed one which now sits on the mantlepiece. I was rather expecting Jake to be a main speaker ("Now, listen up everybody.... I'm going to tell you about the marvels of kryptonite pyritees...") but it didn't happen.
One guest asked, "Aside from the familiar copper and silver etc, what rare earths might we have beneath our feet? Many of these come from Russia and are more scarce since the outbreak of war." Answer: "The assaying laboratories only test for what we ask them. Each sample costs us 52 Euros," (I was thinking, huh, that ain't much) ".... and we have sent thousands and thousands in for analysis in recent months" (cripes, that IS much!) ".... and if we order them to test for Cerium, Indium, Gallium or Yttrium they will do so at extra cost."
One visitor asked, "Compared to other base metal deposits in the world how good is our deposit here?" Answer, "The worldwide average was 1.1% until recently and this has now fallen to 0.5%. What we have here is a splendid 2%. As a shorthand we include the zinc and lead in this figure, using the expression 'copper equivalent'. "
Earlier Jo had beamed and said, "The drilling results show some STELLAR concentrations - some very high grade areas - narrowish - and some very big layers at a decent grade." And then, to me, the quote of the day: "There's some really really juicy stuff!"
Interesting about the Lutetium. I was surprised to see that it is in the Periodic Table. These rare Earth metals are incredibly valuable. At the September gathering at the mine one of the visiting shareholders asked Jo about the possibility of Lithium at Parys or at Grangesburg. He said that the lab doing analysis of the thousands of core samples we are submitting only check for what we ask to be checked (Cu, Zn, Pb, Au, zag). If there is Lithium or Cerium or Yttrium down there we wouldn’t know it!
Just maybe, though, Jo will submit a sample or two for rare-Earth testing out of sheer curiosity. It would be quite exciting if the results came back positive.
I’ll just point out that postings by foul-mouthed hooligans can be reported to the owners of LSE by clicking the Report Post button at the bottom of the offending post. I’m surely not alone in thinking that one such person is gratuitously rude; that he thinks unwritten rules of civility don’t apply to him.
I rather suspect that Huzzarski was bullied as a boy. He may well be as rich as he claims, but it is also possible that he’s a teenage boy typing away in his fetid bedroom pretending to be a big shot. Either way, the notion of good manners is sadly alien to him, as is the benefits of good manners.
You made £43,000 profit on the sale of one gemstone, Huzzarski? That’s very impressive! You previously mentioned your £130,000 coup in Anglesey Mining shares. It seems that everything you touch turns to gold. What was the actual sale price of that opal?
I share your bafflement, Railwayman. A partial explanation is that the fees paid by regular punters do not apply to those with DMA - Direct Market Access, so the sale of a single 2p share doesn't cost £8.02. (Off the top of my head I don't remember what fee I pay via Hargreaves Lansdown, but it's around £8.)
The motives for such tiny trades escape me. Furthermore, every tiny Sell is also a tiny Buy by a different party, so there are two parties to this bizarre practice, not just one.
About the threat to free speech from the New Puriatns, I see that the Welsh Rugby Union are trying to ban Tom Jones's "Delilah" from fixtures at Cardiff for some perceived problem in the lyrics. The fans, bless 'em, ain't havin' none of it.
Although I live in Wales with several proud Welshmen as friends, I'm English and will not be 'going native' any century soon. The defeat at Twickenham yesterday to the Sweaties has left me like a bear with a sore head, very disappointed; wondering why nobody else can see that Owen Farrell is an unimaginative blunt instrument, way past his sell-by date.
For those who live in North Wales there's a sporting treat due on 24 Feb at Eiras Park, Colwyn Bay: Wales U20 v England U20. There will be some dazzling young talent on display, and in five years time will be able to brag, "I saw so-and-so play before he became a household name."
No, Rodders. Been ill. Went to see my GP and told him I just can’t get an old song out of my head and it’s driving me nuts, all day long. He asked what song. The Green Green Grass of Home. “Aha!”, he says, “You’ve got Tom Jones Syndrome.” “Tom Jones Syndrome?”, says I. “I’ve never heard of it! Is it a common affliction?” He says, “It’s not unusual.”