|Anglo Asian Mining
||EPS - Basic
||Market Cap (m)
Anglo Asian Share Discussion Threads
Showing 27051 to 27073 of 27075 messages
|Thanks for the additional info El_D.|
|Yes crazycooops and thanks. Although worst case in my opinion is there would be more delays and frustration if the planning was overturned. It's the planning authorities that are being challenged not the company. If planning was overturned they would have to reapply or appeal.
I do think this is extremely unlikely however. The company are going full steam ahead with the underground mine despite this judicial hearing and their legal team are convinced there isn't a case to answer. The judge has allowed another week for more evidence discovery having heard both sides so looks very good to me.
They have all the equipment in place and all the infrastructure already from their from the previous open pit mine. they have also found a near surface ore next to the prooosed underground mine which they are now mining to help finance construction and reduce capex!
Grades are simply incredible and huge potential for resource upgrades over and above their current resource.
Add to they its in Ireland and not say Africa, the £10 million valuation will seem bonkers pretty soon in my opinion.
Take a look at the grades they are hitting, up to 30/40 gpt from memory!
I've been following this company for 5 years and it could finally all come together this week. Definitely worth keeping an eye on I reckon guys.|
|El_D, I just had a quick look at GAL, looks binary based on judicial review. I hope you get the right result.|
|As I said it's about expansion. Finding 1M plus oz, thats where the value is.|
|Jeanesy, nothing wrong with banking such a large profit! You'll no doubt get a lower or similar buy back in price once your fears are alleviated. Assuming they are :-).
I recently sold some of my holding here but that was more so I could move it in to Galantas Gold which has an extremely exciting week ahead and could potentially be a multi bagger this year. I recommend checking it out.
Well done for booking such a huge profit!!|
|The fact is Zhockey the figures have continued to be poor for a while. The grades that are being mined appear to be still falling and there is no certainty in when/if they will improve. The weather is unlikely to be the reason imo but if it is then feb's figures are likely to be worse still.Yes we do not yet know the reasons why yet and wont until april but there was too much uncertainty there for me. I did not see the production figures on friday so that is why i sold first thing monday as it seems a few others did too. I got out before the price dropped so i was lucky.Having first bought at 4.75p i made a very tidy profit and didn't want to see my gains eroded in the short term. I am sure I will get back in when things become clearer or when we get some positive news on exploration/drilling.|
|Yes its like they came out with poor annual results not that someone has gleaned some 4 week numbers from an azerbaijani web site that has half the story from some government filing, still buying at 20 and selling at 30 seems to work until we get some real info ...|
|I really don'tget why people sold on the jan production figures. Anyone with any sense will have expected them to be as they were. You could have sold on Friday at 27p rather than waiting to be ripped off on Monday.
I guess this is a great example of why most people lose money.|
|I think Greenspan only saying what most have concluded a long time ago anyway.
The move in gold should become a little more obvious to all once we close and hold above $1,240 which I expect to see this week|
|Greenspan is a senile old fool so I would not take a bit of notice of anything he has to say, he spoke at a lunch I was at last year and he made numerous factual errors and was embarrassing to listen to, our future here will become clearer soon as more holes are drilled, a shriveled prune has no bearing on where this will end up ...|
|Greenspan on the euro..
|Gold prices look set to rise - Alan Greenspan reckons the Euro will collapse and the ECB chief should come clean on the state of the Eurozone economy.
Greenspan says it’s only a matter of time before the Euro collapses. Greece is suffering yet another debt crisis, Italy is also having to bail out its banks wiping out the savings of many Italian investors, Deutsche Bank has issues and Brexit may cause further economic consternation.
While we agree with many of Greenspan’s comments and views we wonder how concerned he is about the mountain of US debt which exists and which is likely to grow under the Trump administration.
With so much debt and banking issues in the world it is no wonder that investors are increasingly buying gold as a preferred currency
Copper prices are up nearly $50/t trading above the $6,000/t level on the news of a deadlock in negotiations between Freeport and local authorities over terms of its production license.
Freeport said it is prepared to take the government to court over changes to the existing Contract of Work at Grasberg while halting its copper concentrate shipments in the meantime.
The Company “reserved all of its rights pursuant to the contract against the government, including the right to commence arbitration to enforce all provisions of the contract and seek applicable damages”.
Gold is little changed after climbing in seven out of the past eight weeks.
ETFs holdings recorded the first decline since Jan 30 on Friday.
Brent is up for a third consecutive day after posting the tightest trading range in 13 years last week as planned OPEC production cuts are met with increased US output.
US drilling rig count climbed to the highest level since Oct/15 (+6 to 597), according to the Baker Hughes data; whereas, US oil production is reported to have reached the strongest level since Apr last year.
Chinese steel futures jumped 2.1% taking YTD gains to 24% on the news the government asked major steel producers in Hebei, the largest producing province, to cut output on environmental reasons ahead of an annual parliamentary meeting next month in Beijing. Iron ore futures followed steel prices climbing 1.7% on the Dalian Commodity Exchange.|
|when someone like Alan Greenspan comes out and says he believes the Euro is going to collapse & that is why Gold is going to be bought, markets start to take notice.
He is pretty bearish on Italy.
I see Renzi resigned yesterday (again) .. this will be manna for Five Star & could well bring forward the Italian election into this year now.|
|jeanesy, Given the speed with which your selling was taken up by the market, you might well live to regret that decision. MM's were not keen to let many go at under 24p & certainly not at 23.5 or under.
As cold as it has been, I am sure they have the drill bit still turning to flesh out more of the new discovery. Makes little difference what is going on at surface when drilling below.
The last update on Ugur came 8 weeks after the first one. We're now 8 weeks further on.
It's 8 weeks again from now for the scheduled Q1 update so, if it were me, I think I'd be trying to get an update out about now for drilling Ugur, which would be sensibly spacing out the newsflow.|
|I said over a year back production would fall to arround 60oz this year. This was no surprise and it's not to do with the weather, it's the grade.
The point is however that AAZ's investment case is, and has been for years, about expansion.|
|You are quite correct Redtrend .. this winter has been noticeably worse than last winter in terms of temperature and snow. Temperatures are beginning to lift a little now|
|Bump33, understand it fine, also understand that copper is still just a fraction of production value as is silver so while it's great were recovering more it's also bleeding bad that any increase there is lost from dwindling gold production.
There's a lot of potential here but interim questions need answering|
|Fill or kill to try and get any, MMs going to try and pick up some more shares at this level without giving any away|
|Anecdotally this winter in Baku has been worse than last years, far more "snow days", even going into early Feb, so can only assume it's the same in Gedabek and may at least be a contributory factor for the % decline|
|Unfortunately tricky to buy any|
|Jeanesy is out, major buying signal!|
yep, I'm in First Majestic Silver....|
|what's disappointing is some don't understand the term poly metallic...|