Anglo Asian Mining Share Discussion Threads

[mad foetus] 23/4/2020 10:03

That's true but I know a lot of serious investors who won't buy if the quoted spread is more than 2-3%. If the spread was 2p the volume would be much higher that's for sure

[wanobi] 23/4/2020 10:01

indeed Rb, I guess when you have a very large holding the seemingly low bid puts a big imaginary dent on your total value which I'm guessing can be a bit frustrating to see all the time :-) Cheers Wan :-)

[riggerbeautz] 23/4/2020 09:56

Just browsed the main AAZ thread and some debating the spread being 10p, find it a false conversation because it’s artificial in many cases if you just want small beer top ups of say 10,000 shares the actual spread is about 3p when I checked.

[wanobi] 23/4/2020 09:51

many thanx KS, much appreciated review on both,,, cheers Wan :-)

JSE is a monster in the making and as you say, this oil situation may well throw up some wonderful opportunities for them... fingers crossed...

CNG - thanks, yep, agreed, I can see the risk and it's my gold punt money there, although quite a lot of it now LOL....

enjoy your day KS

Cheers
Wan :-)

[kickingking] 23/4/2020 09:51

My mistake buy was £385 kg.

[kickingking] 23/4/2020 09:50

Morning all. Did anyone get any cheap silver the other day. I managed another 5.5kg at £350 kg. Silver is historically too low against gold. Ratio at 112 silver Oz to 1 gold Oz. Average should be about 60-80. Gold will have to come down, which I doubt or silver will have to rise, more likely.

[mattjos] 23/4/2020 09:49

124.6 v 128.75 for 10k either way … 10k available on exchange in the auction at 125

[riggerbeautz] 23/4/2020 09:47

Just a top up for a SIPP from some spare profits. My SIPP and ISA’s for myself and family are totally overloaded with AAZ because of lack of other U.K stocks I fancy and wishing to not be overloaded with cash; it’s an odd balance for me.

Although JAN is having another nice run up too, just don’t mention it much.

[king suarez] 23/4/2020 09:46

Morning Wan/all,

Yes, fantastic numbers at JSE as expected (by me at least) - I have said that they should be heading towards £1bn+ market cap in an ordinary (oil) market and these results demonstrate why - huge cash flow delivered and plenty of net cash in the bank.

I am pleased to see the company can be operating cash flow neutral at $20 per barrel Brent - we know they get a premium to that so I would have liked clarification on whether PB meant $20 as a sales price (inc expected premiums) or not.

Will maybe have a dig into the numbers later, but there will be another 5 months of excellent cash flow until the hedging unwinds and then have to see where oil is then - also will be interesting to see how much they can reduce the cost per barrel of the recent Maari aquisition. It is a shame that the infill drilling has been delayed, but it makes strategic sense to do so for the long-term to get the most return on the CAPEX. JSE will have quite a war chest to go shopping with should any bargains be up for sale, which you would expect to be the case in this environment?

For CNG - I have taken a cursory look and agree it looks v cheap based on the fundamentals. I have not chosen to invest though, as I have reservations about the size of the debt and what that means for shareholders with most of the debt being due to the major shareholder(?) - I am just concerned there may be some debt for equity swap or something of that nature that benefits the major holder and shafts the private shareholders - this is just conjecture on my part and hope it ends well, but I have enough alternative gold investments (POG, SRB, ALTN). I feel more confident/safer with AAZ and the like, but the potential rewards could be higher for CNG. I have my 'gold punt money' in ALTN, which is doing well currently, but suffers from lack of news. Good luck!

[jbravo2] 23/4/2020 09:45

Yes the spread hasn’t recovered from the crash.
CFEQ and WNTS both used to operate with a spread at 7p or better. Now they’ve moved to 10p with the rest we often find this situation.
Volume is poor when it happens.

[mattjos] 23/4/2020 09:42

Gold new highs today in EUR & GBP

[mad foetus] 23/4/2020 09:42

The spread is a huge problem. Nobody wants to buy a share to be 8% down straight away. It creates huge inertia

[jbravo2] 23/4/2020 09:36

Yeah a forlorn hope there mf
We’re relying on...
Results.
Divi.
More JORC.
New mine.
As it seems the plain old economics of our revenue, our profit and our cash pile are just ignored.
It’s back to being as baffling now as it was at 5p. It’s just that daft.

[mattjos] 23/4/2020 09:33

As Terropol observed a while back, a big 10p spread on AAZ seems to be the pattern just before a further rapid rise higher

[mattjos] 23/4/2020 09:31

Gold looks to be heading back to re-challenge $1,740 for third time

[mad foetus] 23/4/2020 09:30

Gold frisky today. So, FY results mid May and a lot of news to follow. Given that our margins will have gone up by 50% since last AGM if gold stays around 1720 the value here is astonishing. Just need the share price Angel PR machine to...oh, we can but hope!

[wanobi] 23/4/2020 09:29

well done Rb :-) Cheers Wan :-)

[riggerbeautz] 23/4/2020 09:27

Morning, well I bought a few more yesterday Wan.

KK yes quite impressed with that guy, watched the whole interview in full this morning, would suggest you would enjoy watching it too if you liked the other one. He clearly rates the interviewer, so I’ll look out for some of the other podcasts too.

[wanobi] 23/4/2020 09:23

needs buyers GG :-) LOL,, cheers Wan :-)

[goodgrief] 23/4/2020 09:20

Meanwhile gold marches northward...

[goodgrief] 23/4/2020 09:01

Wish AAZ would cough up a JORC statement!

[lefrene] 23/4/2020 08:56

Perhaps CNBC are letting the inner circle accumulate before informing the herd?

[onedayrodders] 23/4/2020 08:28

You can bet your life if BITCOIN was soaring they would be all over that like a rash ... another reason why I despise the USA

[onedayrodders] 23/4/2020 08:27

CNBC is all about cheerleading paper assets only ... it's one big supportive family ... if paper fails in comparison to Gold and Silver then all their wealth is gone

[qazwsxedc69] 23/4/2020 08:23

That last point is very true - I watch a fair amount of CNBC, Even the ticker for gold is very rarely shown (given equal prominence/screen time to Silver and Palladium)