Anglo Asian Mining Share Discussion Threads

[bumpa33] 31/5/2019 14:14

I doubt markets will go into free fall just yet, people will look for safe havens first, only if we get a full blown dump will everyone panic (and everything then sell off!).

[wanobi] 31/5/2019 14:01

and on that cheery note jeanesy let's sell everything and run for the hills :-) LOL,,, its coming, we can all sense it, question is when... I don't think Trump will go through with a 5% tariff on all Mexican imports; however, if he does I don't think that'll cause the big one on its own :-) but then what do I know :-) Cheers Wan :-)

[mattjos] 31/5/2019 13:53

Spot Gold is 1297 .. don't confuse Spot with COMEX futures.

[jeanesy] 31/5/2019 13:43

not on my screen 1296 atmo.

[qazwsxedc69] 31/5/2019 13:35

Nears? Its through - at 1303.8 as we speak.....

[jeanesy] 31/5/2019 13:23

As POG nears that magical 1300 mark again then those with short term horizons are selling again. Each to their own I guess !!

[mad foetus] 31/5/2019 13:22

Nice move today and ask has hardly moved but momentum has paused. If the ask slides back I will be sorely tempted to add.

[laurence llewelyn binliner] 31/5/2019 13:20

Thanks Matt, COMEX POG now at USD1302/Oz and rising.., it would be be nice to see 100p this afternoon... :o)

[mattjos] 31/5/2019 13:20

have to laugh … 10k buyers at 94, now selling for 96. £200 today for beer and skittles at the weekend when could be champagne and caviar later.

[2sporrans] 31/5/2019 13:01

Thanks for the SPA update Sportbilly.

Price action implies investors do heed the broker's figures, shortcomings notwithstanding.

So, basically, had SPA not confused operating and capitalised costs in their first update note:

CAPEX is down substantially - on what they should have stated initially.

The AISC has dropped again to ~$508/oz next 2 years; that's a good 6% below 2018.

Cash at end of 2018, with zero debt $39-mn [$2.3mn up on previous note]
Which is good news for the divi. , at very least increases its cover nicely, if it doesn't grow further over next 2 years..

As Matt says:
"However, this analysis is still just a forward projection based solely on known historical data.
Exploration data through H2 this year will keep that target price rising & particularly as the first JORC's for Ordubad region start coming in through 2020."

Also, it is perfectly possible that by H2 2020 AAZ may have another mine producing.
Say if either of the 2 prospects at Gosha get fast tracked, Ugur style; that's the new Asrikchay prospect + the existing Underground mine, which has continued to be drilled during Q1, maybe still ongoing and will be an extended development if goes forward.
+ the prospects on the Gedabek [main pit] flanks could be fast tracked easily, should the exploration results warrant go ahead there.

[laurence llewelyn binliner] 31/5/2019 12:56

Anyone got a link to Spangles new note...?

[jeanesy] 31/5/2019 12:50

Someone on the other thread has said that they think that Trumps actions against Mexico are that black swan event you have been worrying about Wan . Tin hats time. Good news for POG but if the markets go into freefall no stocks will be immune from the falls.

[mattjos] 31/5/2019 12:42

have sent the SPA note to Stockopedia again today, fwiw .. their data feed is so slow

[jbe81] 31/5/2019 12:24

Still have some AAZ ,jbravo.

[stevea171] 31/5/2019 12:03

Greyerz – Don’t Be Fooled By The Pullback, Gold Is About To Spike Above $1,350 On The Way To $1,600 As Stock Markets Crater.



The chart looks very bullish. Gold in pounds has broken all resistance levels and is now on the verge of a major rally out of a three year consolidation. The MACD trend signal has also turned up. It shouldn’t take too long for gold to reach new highs in pounds.

The great advantage for the Brits is that they can invest in gold without paying capital gains tax, if they buy Britannias or Sovereigns gold coins issued by the Royal Mint.



Gold in US dollars is also on the verge of a breakout. The downtrend since February is now breaking and once gold goes past $1,300, it will quickly go through the Maginot Line at $1,350 on its way to $1,600 and higher.



Just as gold seems to be ready to resume the long term uptrend, stocks have turned down and will at least have a major correction or possibly start a major secular downtrend.

The Dow completed a triple top in March, lower than the 2018 tops in January and September. Since the recent March top, the Dow has tuned down 1,100 points. As the chart below shows, each top has been accompanied by a lower momentum indicator, which is a sign of serious weakness.

So we could now be on the verge of a major downturn in stocks and a resumption of the gold bull market. Whether these trends start now or later makes no difference to the longer trends of collapsing stocks and surging precious metals.

[sharekitchen1974] 31/5/2019 11:58

Nice to see buyers back again

[bumpa33] 31/5/2019 11:18

Yep Sb, supposed implications of yield curve inversión signaling recessionary fears rising - once more, as I mentioned other day, poor Q1 numbers in US have continued to drag into Q2.

[qazwsxedc69] 31/5/2019 11:11

It is also still up for debate if they did actually ever burn £1m. From memory there was only evidence of about £60k. Liklihood is that they don't ever really want anyone to definitively know one way or the other.

[wanobi] 31/5/2019 11:09

nah :-) LOL cheers Wan

[sportbilly1976] 31/5/2019 11:08

think we'll get a 100p trade today Wan :)

[sportbilly1976] 31/5/2019 11:07

Bumpa,

working form home today and have bloomie on in the background....that is all they were on about earlier, and the 2-yr T-note being under 2%

[mad foetus] 31/5/2019 11:07

They wrote a book a couple of years ago that was widely praised.

[podgyted] 31/5/2019 11:06

Wonder what happened to them?

Regrets, I've had a few .........