Anglo Asian Mining Share Discussion Threads

[mattjos] 06/6/2019 17:27

Hurrah!!

First daily close over the mystical £1 level & Highest daily CLOSE since October 20th 2005. Slowly but surely, another glass ceiling on the staircase is beginning to crumble.

Now only 5p off a 6-year closing high for XAUGBP

Resistance is futile

[mr roper] 06/6/2019 17:10

Why would all countries have the same rate? Venezuela should have the same as Switzerland? Seems crackers to me.2% interest wont help if inflation is 1000%

[baddeal] 06/6/2019 17:06

Cinoib, judging by this and your other posts that's why you're not in charge

[fardels bear] 06/6/2019 16:41

Come the Glorious Day, eh, Wolfie?

[cinoib] 06/6/2019 16:36

Gents, you are right in many cases but in my opinion and it is my opinion people get to where they are through their own hard work or their stupidity. I suffered 20% interest rates when I bought my first house. If we had that today there would be many bankruptcies and very cheap houses. People should learn to manage their own lives like smoke, drink and gamble less as well as no drugs then they would have plenty money to cover their bills. If I were in charge there would be a fixed interest rate of 2% for as long as possible this would give everyone a bite of the cherry, as I seem to remember, but vaguely this is where it was in the 50's. Interest rates this low only stoke up trouble for the future as we will see in the not to distant future. But all countries need the same rate, this would stop the big money moving around so much seeking higher returns, but like a lot of things, it will never happen because every country likes to be different.

[sportbilly1976] 06/6/2019 15:56

IanBV,

hopefully restoring a bit of faith for those burnt by their continual plugging of Woodford

[iambv] 06/6/2019 15:47

I have just noticed that Hargreaves Lansdown have updated their factsheet for AAZ and included the recent results, with more sensible figures for P/E, yield and dividend cover etc.

This should bring our company to the attention of a lot more investors !

BV

[2sporrans] 06/6/2019 15:15

A wise perspective Mr. Roper; moreso if can get out & enjoy it.

[joey wilson] 06/6/2019 15:14

Absolutely

[mr roper] 06/6/2019 14:38

Wouldn't worry too much. Weather is decent.

[sportbilly1976] 06/6/2019 14:34

"Perhaps the poor have become too poor and cannot lift their spending in the face of high rents/house prices...."

I suspect anyone who can write the facts in this detached manner has ne'er been in that predicament

there are a huge swathe of the population who are trapped in low/middle paying jobs with astronomical proportion of income going on living/commuting to the low/middle paying jobs. Those in the top 5% have the ability to move assets and cash around to ensure they are consistently "on the ladder" and can absorb/avoid whatever fiscal policies are introduced.

[lefrene] 06/6/2019 14:03

LLB, yes, a runaway property market caused by out of control Bank lenders, and instead of taking the hit and letting the property market crash and rebase itself, the mighty Broon et al set out upon this adventure, no doubt hoping to muddle through somehow. But of course the time bought with the QE wheeze has been frittered away, and the Damocles sword hangs by an ever strained and weakening thread.

I suppose the next move with fiat currencies has to be negative interest rates, indeed it's already beginning to happen. The hope that negative rates will drive money into useful investments will most likely see savings seeking bonds and precious metals/jewels, rather than being employed in a shrinking economy.

Perhaps the poor have become too poor and cannot lift their spending in the face of high rents/house prices, and the rich mostly have the stuff they want and can easily reign back their spending without any pain?

So AAZ that is a very efficient miner of gold that pays a very good divi, is about as good as it gets in my opinion.

[laurence llewelyn binliner] 06/6/2019 13:36

#lefrene, it is farcical isn't it, pigeons coming home to roost sooner or later, you can not kick the can down the road indefinitely ...

Gold responding..

[lefrene] 06/6/2019 13:33

LLB, things have not seemed "robust" since 'quantative easing' came along!

[sportbilly1976] 06/6/2019 13:20

India reduced their interest rates overnight by 0.25% of newly re-elected Modi tries to stimulate growth

[laurence llewelyn binliner] 06/6/2019 13:15

Trouble brewing, as discussed things are not as robust as they seem..

'The European Central Bank has left its main interest rate unchanged at 0%' and expect it to stay there into 2020

[callmebwana] 06/6/2019 13:10

Bumpa ,he was trying his best get PFG cheap as he lost big time there !! The bid failed as I am sure you know.
LOL, just seen RBW rocket up today !! Short of time to find out why.

[terropol] 06/6/2019 12:21

CATSICK, We will miss you.

[riggerbeautz] 06/6/2019 12:12

Hbr always wish you or anyone good luck.

Mr R I remember those GKP days and buying at 6p, it was a wild ride.

Seen a bit of chat about Silver, MAG silver is a good flip trade as a producer highly correlated; the downside being, whenever Silver weakens, so does MAG.

[supercity] 06/6/2019 12:05

Mattjos The AAZ wanobi thread seems to be a constant discussion on other stocks-might be worth mentioning on there

[mr roper] 06/6/2019 11:56

Next leg up about to start and gold at 1340 bucks. 150p in the crosshairs