Member Info for SunkenSailor

You are right copper demand surging. Such an opportunity for the local community in Wales, it is going to be great when the worlds oldest copper mine opens up again! The PEA should be getting its finishing touches

https://www.mining.com/copper-price-surges-as-demand-hopes-build/

I don't know the answer to that Bob. As for the dates of articles, we definately need to stick to current information.

The Grängesberg oportunity seems further away to me. But it feels like the PEA for Parys Mountain is imminent, and also PEA or Sale of Labrador Iron mines too.

I thought the pattern of the buying trades, during the large rise on Tuesday looked like funds buying, either closing shorts or increasing holdings.

No shorts have been closed, does anyone know if any funds have invested in Hurricane or increased their holdings this week?

If the rise was sentiment based, then with a couple more SP rises like that, there would be some problems emerging for the shorts, hopefully they will start reducing soon which will take the SP higher.

When you add it all up there is a lot of potential in AYM.

The share price is rising on fundamentals alone, as people are reading up on AYM to decide if it is a sound investment. They find out about the different assets/reserves, rising Iron & Copper commodity prices, low volume of shares in circulation, and concluding its a no brainer.

It feels like even some small snippet of new could light the touch paper.

Found this too, sounds like China & India growth is driving the copper demand.

https://www.outlookindia.com/outlookmoney/magazine/story/is-copper-the-new-gold-504

Looks like my chance to get anymore at 2-3p is disappearing fast

Could the share head higher quickly just based on these key facts?

- Existing assets with large proven reserves
- High commodity prices now and forecast to rise
- Low volume of shares to trade

Does anyone know the circumstances of the shares higher prices in 2010? Are there similarities to commodity prices and circumstances now?

I am trying to free up some more funds, as I don't think it will fall back for a lower entry. Good to buy at these low prices if the fundamentals are sound.

Plenty of copper at Parys Mountain at one time the largest copper mine in Europe

Great flyover video for those that have never visited.

https://youtu.be/OBmrKKNmK64

PEA report imminently due confirming up to a potential 1 Billion in mineral resources.

Combined with confirmation that our Canadian iron ore mine is swinging back into production next year.

Great flow of news due to land.

For any newbies looking in....

We are waiting on the preliminary Economic Assessment report to land firstly for Pary Mountain which is anticipated to confirm anywhere between a 200% - 500% increase in our mineral assets book value given recent studies undertaken which if proven up anywhere near that figure would see a major bull run on the SP here.

Secondly) our major assets in both copper and Iron ore have rocketed in value recently given the present global demand.

Thirdly and possibly most exciting of all)

Our stake in Labrador Iron Mines (LIM) was responsible for the historic MEGA BAGGER that some experienced here when LIM last went into production.

What has got me, and others so excited is that a PEA is being worked on at present to set the case to go back onto production across 4 open pits producing £2m tonnes pa.

https://www.proactiveinvestors.co.uk/companies/amp/news/213156/anglesey-mining-sees-green-shoots-across-portfolio-as-lim-reawakens-213156.html

Under the terms of the deal between QME and Anglesey, QME will carry out a detailed review of Parys Mountain with a view to developing the optimum mining plan. In return for undertaking this work, QME will then receive rights over development contracts as well as a 30% direct interest in the mine once it has reached the point of first production.

So, Anglesey is handing NO cash over to QME at any stage, and will not be diluted at the company level either.

https://www-proactiveinvestors-co-uk.cdn.ampproject.org/v/s/www.proactiveinvestors.co.uk/companies/amp/news/932912?amp_js_v=a6&_gsa=1&usqp=mq331AQFKAGwASA%3D#aoh=16055470795052&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.proactiveinvestors.co.uk%2Fcompanies%2Fnews%2F932912%2Fanglesey-mining-encouraged-by-commodity-prices-actively-reviewing-new-opportunities-932912.html

Finally)

The company is actively reviewing further mineral aquisition targrts and we may also hear some news on Sweden given global demand right now.

https://www.proactiveinvestors.co.uk/companies/amp/news/932791

Overall, AYM is massively undervalue in comparison to sector peers, game changing news is due in the near term on at least two projects.

ALBA/BZT/UFO/BZT have all seen rises on simillar news of 500%+ minimum.

I would be hoping to see similar here with potentially more if an upfront payment is agreed for the iron ore off take like we agreed previously

https://excellioncapital.com/excellion-capital-acts-labrador-iron-mines-35-million-prepay-financing-offtake-agreement/

Note, that off take agreement was for minimum 3.5 million tonnes over two years and we will be looking to deliver 4million tonnes over the same timeframe with Iron Ore now $120/t vs $55/t when the old off take agreement was struck.

AYM is well overdue a significant re rate.

Volume will come, as the fundamentals are sound, so the small gains are getting noticed, it will begin to rise faster.

https://www.share-talk.com/share-talk-bulletin-board-heroes-thursday-26th-november-2020/#gs.mhrblf

Charts showing a bull flag

Thanks, Thats a lot of shares to bought back, does anyone know how to check if the short positions are changing day to day?

Were yesterdays buys buy shorters or people buying on the leaked news? maybe both.

Hi all, There is clearly good news leaking and a significant re rate starting, looks like shorts are closing.

Does anyone understand how many shorts need to close?
Also the volume of shares, required to be bought to close them?

Thanks

Hi all,
Shorts are clearly closing, which means they are buying back back shares. Will the bought back shares then be quickly sold again?
In the near term is the SP likely to be a series price rises, followed by a fall whilst the shares are sold again?
Or is this too simplistic a view, as there are numerous different funds closing shorts, the process could be far less co-ordinated.
Thanks

Hi, I bought a few shares today, after reading this board, it sounds like a very interesting situation unfolding. I also noticed this large late buy, is this related to the shorts being closed?

I bought into Amigo last week. Can anyone advise if NSF is also a good buy? They seem to be in a similar position to Amigo, could they be a future AMIGO takeover target?