Anglo Asian Mining Share Discussion Threads

[mattjos] 25/4/2024 10:21

Thanks for comments chaps.
Something is afoot. I've learnt to trust my gut instincts & what I see/hear around me.
The trading estate where we are based is incredibly quiet. Vehicle/lorry traffic in/out to us and other companies must be down at least 50% as compared to 6 months ago.

Just unloaded a pallet of compoentns in to us from Italy & had a quick chat with the driver. These guys drive wagons all day long and know exactly how busy the roads are and how much stuff they are collecting/delivering.
This driver hit nail on the head.
roads are quiet, even school rush hours are quieter as more people are walking because of cost of fuel. Their volumes are way down & as far as he is concerened we're heading into a big recession.
I've learnt to speak with and listen to these sort of folk - just because they drive an HGV for a living does not make them either stupid or lacking in common sense.
Movement of goods in lorries is an instant and undeniable measure of how busy an economy is.

[lefrene] 25/4/2024 10:12

At least copper not looking shabby this am.

[bumpa33] 25/4/2024 09:49

business down here in southern Spain brisk and prices rising though changing demographic, Brits backing off, strong from the rest of Europe and further afield. Retail property.

[riggerbeautz] 25/4/2024 09:48

MJ niche build developments still have a stable market, it would take a full on recession to hold them back; cost push inflation was fairly rampant since covid but it's stabilising now, with material prices falling depending on supply chain strength or weakness.

[all in eol] 25/4/2024 09:36

Mattjos25 Apr '24 - 09:33 - 65047 of 65047

Specialist retail.

[mattjos] 25/4/2024 09:33

what type of business AiE, if i may ask?
It's exactly same for us and for other compaines locally in engineering, manufacturing.
& same in other countries too - Poland, Spain, Australia.

It's a very weird feeling ... the only reference i have for it is how it felt as 2008 played out. Business just slowly dried up as the year progressed

[all in eol] 25/4/2024 09:29

Mattjos25 Apr '24 - 09:27 - 65044 of 65044

Yes,
Our business has gone very quiet over the last few weeks…

[riggerbeautz] 25/4/2024 09:28

Nope it's quiet. Too many have been rinsed, plenty of nervous money on the sides, failed small cap models everywhere, AIM delists, could go on.

[mattjos] 25/4/2024 09:27

not just in markets but business generally .... it's as if folk are all holding theor breath and 'waiting for something' but no one knows what

[onedayrodders] 25/4/2024 09:27

Another lucrative brick in the wall for Afentra (AET) today ..

"The Angolan government's approval of the Azule Acquisition allows us to proceed with the completion of our third transaction in Angola providing Afentra a material equity position in these world-class assets. The improved fiscal terms for the Punja Discovery is another clear indication of the support given by the Government of Angola to parties willing to invest in their oil and gas sector. This further encourages us to continue to work with Sonangol and our joint venture partners to grow production and reserves as we develop the vast potential of both the producing fields in Block 3/05 and the significant discoveries within Block 3/05A."

I think the market is still asleep on this one as Sales value of Afentra's Q1/2024 oil production, including the Azule working interest, at the average Brent price would be in $50m-$55m range.

Market cap is 100m ... compelling in the extreme !

IMHO

ODR

[mattjos] 25/4/2024 09:26

is it me or is it pretty quiet all round just now?

[riggerbeautz] 25/4/2024 09:26

AAL got my attention, playing with beer money compared to the funds but be something to see a bid come through from BHP

[pogue] 25/4/2024 09:06

EEE is no longer about the size of the resource its whether it can be turned into titanium profitably. The market does not believe so and it will take some time to get it proven. Price will drift there without something more than drilling results. Possible cash injection from a 3rd party may show confidence.

[master investor] 25/4/2024 08:23

Well done Bumpa

[wanobi] 25/4/2024 08:19

thanx, yes, I can see that now you say it,,,, nice work, Cheers Wan :-)

[bumpa33] 25/4/2024 08:14

Wan - I traded pre mkt yes, but if you were quick you could’ve got 18/19 bang on the bell…

Sometimes it pays to wait for the bell, pre mkt you have to haggle and you’re effectively often calling the open…

[avsome1968] 25/4/2024 08:10

Nice results at EEE


Shaun Bunn, Managing Director, said: "As expected, our recent drilling continues to produce exceptional results and provides further evidence of extensive high-grade titanium mineralisation within our two key target areas. The continuous nature of mineralisation within the sandstone beds, which remains open in all directions and starts at, or near, surface and continues beyond the end of each drillhole, provides an excellent basis for delineating a resource development Exploration Target which will be the focus of our efforts once we have received all of the remaining RC and diamond drill core analytical results

[wanobi] 25/4/2024 08:07

well played Bumpa,, easy money if you have a means to place such a trade :-) :-)

[avsome1968] 25/4/2024 08:05

Hum down to 5m cash, that's not going to last very long.

[bumpa33] 25/4/2024 08:03

Short 50k @ 19.25, closed 15. Who knows where it’ll go from here…

[wanobi] 25/4/2024 07:56

I had such high hopes for DEST,,, wrong again... hmm Cheers Wan!

[2cmb] 25/4/2024 07:48

Good morning all.
Yes DEST's shareprice will start to take a hit from today. Glad that I sold out at a loss but that loss could have been large one had I hung on.
They usually raise funds around August, they have funds unti first Qt.of 2025 but sure there will be big dilution. At what price?? Is anyone's guess.

[bumpa33] 25/4/2024 07:36

Hmm. Looks like another bad day for DEST.

[master investor] 25/4/2024 07:34

DEST rns. Glad I banked my profits there last week.

[wanobi] 25/4/2024 07:08

Good morning all, Cheers Wan :-)