Member Info for jpsherwin

A little blue each day will do nicely...

Application will be made to the London Stock Exchange for admission of the Placing Shares to trading on AIM ("Admission"). It is expected that Admission will take place at 8.00 a.m. (London time) on or around 24 February 2021 and that dealings in the Placing Shares on AIM will commence at the same time. Admission is conditional upon, among other things, the relevant resolutions being duly passed at the General Meeting.

General Meeting

Shareholder approval at a general Meeting of the Company is required to enable the issue of the Placing Shares, the issue and exercise of the Placing Warrants, conversion of the CULs, and the exercise of the warrants to subscribe for Ordinary Shares issued in conjunction with the CULs.



The Company will shortly post a circular to Shareholders, which will provide further details of the above matters and include a notice convening the General Meeting. The General Meeting is to be held by videoconference at 10.00 a.m. on 22 February 2021 at which the Resolutions will be proposed.



Executive Chairman, Richard Parris, said: "Subject to shareholder approval, I am delighted to make a significant investment into the Company. The Board has ambitious plans for the rapid expansion of the business and the cash reserves we have now secured will kick-start this growth. "

Interestingly they’re being bought into, let’s see what materialises over the coming weeks.

Explains why it’s been held back.

Vol Sold 16,507,537
Vol Bought 23,381,537

Let's see it turn blue.....

It would be nice to see a change in sentiment here, I believe it will change the closer we get to the 24th Feb, not long now.

Let's see what this week brings....

ah, now that I understand. :-) the latter part of course!

A riddle? as I'm not quite following though it has been a long day.
Are you implying people should take profit or not take profit?

Though profit is profit I agree and each to their own, why would you take it now when the news is due on several fronts?

Parys Mountain

At the beginning of October, we awarded a contract to Micon International Limited (Micon) to prepare a Preliminary Economic Assessment Report (PEA) on the Parys Mountain copper, zinc, lead, gold and silver project located on the island of Anglesey in North Wales. This PEA follows on from the optimisation studies carried out by QME Mining Technical Services during the last two years and will utilise the outcomes from the QME studies, including capital and operating cost estimates as well as the up to 10 million tonnes of potentially mineable material identified by QME. We hope that the PEA will confirm a mining and production plan at a higher daily throughput and over a longer total production life than demonstrated in Micon’s 2017 Scoping Study. This should lead to improved financial forecasts for the Parys Mountain project from those generated in 2017.

Micon has made good progress with this PEA and we expect to be in a position to release details of Micon’s findings before or just after the Christmas break.

That is by far and large a big " ##" to the 3 Amigos. Dr. Cave sir, I take my hat off to you.

Trucks
For artics and rigids to get to Spain the best and most popular routes are usually the direct ones. Taking you from the south coast of England into Northern Spain is Brittany Ferries from Portsmouth to Santander or Bilbao. Direct freight ferries to Spain normally take around 24 hours allowing for a long rest period on board.

Of course, there are also great onboard facilities such as cabins, restaurants and bars allowing for a complete journey in relaxation rather than driving on the roads. Ferries to Spain normally sail around 3 or 4 times a week.

Freight ferries to Spain to drive from FranceOther Routes
Other ferry options for travelling to Spain is to get a ferry from England to Brittany, and drive through the west of France into Northern Spain. These are good options if you do not wish to sail all the way to Spain, but still want a good overnight rest, and access to on board facilities such as a cabin etc. Examples of such routes, great for all types of freight vehicles (vans, lorries, and artics), are Portsmouth to St Malo and Portsmouth to Caen.

Both of these services are operated by Brittany Ferries and take between 6 and 11 hours depending on how calm the seas are.

Trucks
For artics and rigids to get to Spain the best and most popular routes are usually the direct ones. Taking you from the south coast of England into Northern Spain is Brittany Ferries from Portsmouth to Santander or Bilbao. Direct freight ferries to Spain normally take around 24 hours allowing for a long rest period on board.

Of course, there are also great onboard facilities such as cabins, restaurants and bars allowing for a complete journey in relaxation rather than driving on the roads. Ferries to Spain normally sail around 3 or 4 times a week.

Freight ferries to Spain to drive from FranceOther Routes
Other ferry options for travelling to Spain is to get a ferry from England to Brittany, and drive through the west of France into Northern Spain. These are good options if you do not wish to sail all the way to Spain, but still want a good overnight rest, and access to on board facilities such as a cabin etc. Examples of such routes, great for all types of freight vehicles (vans, lorries, and artics), are Portsmouth to St Malo and Portsmouth to Caen.

Both of these services are operated by Brittany Ferries and take between 6 and 11 hours depending on how calm the seas are.

As previously announced on 16 November 2020, the Company entered into binding heads of terms with a German surgical mask manufacturer, the Volz Group of Companies ("Volz"). The parties remain in constructive discussions in relation to finalising a number of initiatives and Volz has recently sent a batch of masks produced by them with P2F's anti-viral layer for certification*. Subject to successful certification of these masks the Company anticipates that its next step will be to place an order of 0.5m masks, incorporating P2F's anti-viral layer, for delivery to the UK in January 2021.

RMS has had to review the P2F commissioning and production schedule in January and February next year with the Company anticipating that a maximum of 1m anti-viral masks will be produced at Nottingham in January and 2m in February 2021.

Thereafter production is expected to build to a maximum capacity of 5m masks per month should the machine perform 24 hours a day, 7 days a week at its anticipated optimum specification.

Wood for the trees, just reread the RNS from the 09th.

Thanks, Boom, appreciate the clarification

HI SW,

Have I missed something here, granted I am still going through all material.

In the report released this morning:

"Share Issue and Financings

In August we reported on a private placing that raised £200,000. Associated with that placing was the issue of a matching number of warrants and I am pleased to report that these warrants have all now been exercised raising an additional £225,000, for a total of £425,000. The support shown by the new incoming investors has been most welcome and the Company’s share price has moved forward substantially from below 2p a share at the time of the placing. We believe that this demonstrates increasing support from the market and that investors are beginning to recognise the value and potential of Anglesey’s assets".

Done and dusted as far as I can tell, or have I read this incorrectly?

All the best

Due just before or just after Xmas.

Operations

As always, we have kept our corporate and operating costs at the lowest level consistent with maintaining our assets in good order. We will continue this policy going forward but we expect there will be some increase in costs as project development activities continue. The recent private placing and warrant exercise financings have put Anglesey in a position to support its base operations for the immediate future.

Financial results

The group had no revenue for the period. The loss for the six months to 30 September 2020 was £152,882 (2019 £156,600) and the expenditures on the mineral property in the period were £27,827 compared to £26,527 in the comparative period. Net current assets at 30 September 2020 were £94,895 compared to £13,572 at 31 March 2020. Since the period end a further £225,000 gross has been raised from the exercise of warrants.

Outlook

We have been much encouraged by the positive commodity price outlook and increased investor interest over the last few months as we have been moving all our projects forward. We are confident that this recent progress will continue. We believe that the fundamentals that have driven commodity prices upwards will continue for the foreseeable future and will provide solid support for our projects. We look forward to completion by Micon of the PEA on Parys Mountain, which should see that project move to the next development stage during 2021. We are also confident that both LIM’s Houston and GIAB’s Grangesberg iron ore projects will be advanced in the coming year.

We are also actively reviewing two other base metal projects in established geographical locations and we hope that we should be able to come to suitable working arrangements with one of these in the coming months.

All in all, we are confident of the way forward and positive on the outlook for Anglesey Mining for 2021.