Anglo Asian Mining Share Discussion Threads

[mattjos] 23/4/2020 13:21

zip online

[lefrene] 23/4/2020 13:20

Thank you 2sporrans,

that of course was one country when the rest of the western world was functioning fairly normally. If the current scenario gets out of hand, the whole of the western economy will be hit at the same time. One would like to hope that somewhere behind the scenes someone in power is formulating a 'what if' plan.

But given how we have arrived where we are after 2000, and 2008, there's plainly no one minding the shop, the PPE scandal only highlights the paucity of competence of those we entrust to run things.

[klosters65] 23/4/2020 13:12

Your boredom acted as a catalyst.Finally the bid has gone to 125p.

[crazycoops] 23/4/2020 13:12

Hurrah, the spread narrows to 5p. I doubt it will last

[mattjos] 23/4/2020 13:11

wont hold it back now

[riggerbeautz] 23/4/2020 13:00

No problem KK i’m a bit stuck on doing much other than outdoor builds or chores, so bit more time than usual to look at these things. Seems a good guy this pomp.

[kickingking] 23/4/2020 12:41

Thanks I will have a look more of his videos when I have time. Did not know that he was interviewed on kitco.

[bumpa33] 23/4/2020 12:36

tentatively looks like seller may be done - or very close to - at 4d now, not much on the offer. 611k print went through earlier.

[e43] 23/4/2020 12:21

Ive had a few lots at 127-128 this AM,but seems to be a larger seller at 125 holding price back in thin vol,thats with gold nudging $1730!

[2sporrans] 23/4/2020 12:03

Lefrene/WW

It's interesting to look back at the great reset the Weimar admin. fixed [successfully], after hyperinflation had destroyed the value of the Reichsmark:

The new currency [The Rentenmark - Gold backed in as far as backed by Gold Bonds}:

"On August 30, 1924, a monetary law permitted the exchange of a 1-trillion paper mark note to a new Reichsmark, worth the same as a Rentenmark. By 1924 one dollar was equivalent to 4.2 Rentenmark. "

The Debts
[The German Guvmint was bankrupt having borrowed massively to pay for the war, then incurring huge reparations bill on top and ended up defaulting in 1922, leading to the Ruhr occupation by the French.]

"Eventually, some debts were reinstated to compensate creditors partially for the catastrophic reduction in the value of debts that had been quoted in paper marks before the hyperinflation. A decree of 1925 reinstated some mortgages at 25% of face value in the new currency, effectively 25,000,000,000 times their value in the old paper marks, if they had been held for at least five years. Similarly, some government bonds were reinstated at 2.5% of face value, to be paid after reparations were paid.[22]

Mortgage debt was reinstated at much higher rates than government bonds were. The reinstatement of some debts and a resumption of effective taxation in a still-devastated economy triggered a wave of corporate bankruptcies. "

From;




So, a 97.5% Haircut on the Bundesbunds - best case!

[mad foetus] 23/4/2020 11:47

Sales going through at 125.1 so wtf isn't the bid 125? How is the market working here

[polaris] 23/4/2020 11:36

The spread is definitely a barrier to trading as well as for new short, medium and long-term entrants.

The 5 k (£50 pp) I banked here last week and reallocated the 75 % margin to positions in CEY and HUM has paid off and some position auto-close targets hit for CEY this morning. That 100 % return on margin in less than 2 weeks, never to be sniffed at when spreading risk.

In the same time, AAZ has just expanded the spread from 125-130 to 120-130. As i said at the time, successful SBing is about allocation of margin. Some of my AAZ positions were just not value for margin employed. £900 margin for every £10 pp above £600 pp cf. £280 margin per £10 pp at CEY. I banked a few here to pick up a lot more elsewhere.

Targets for long positions in AAZ remain in the 220-240 region, given current pog. I'll revisit that if gold breaks higher. It's just the timescale that hasn't gone to plan here so far. That's a lot of margin that i cannot employ elsewhere, while the market finally realises the cash machine that AAZ is today.

[lefrene] 23/4/2020 11:30

Walter Walcarpets, I have found plenty of references to him thanks, an uber bear, always of interest to see how others think this mess is going to pan out. Interesting to see that he thinks the US dollar will strengthen due to there being so much dollar debt owed by businesses outside the USA. He is also a fan of Bitcoin, which I find an artificial construct unless they back it with gold.

so not a pun on wall to wall carpets! I too used to be the 'helpful' type, it took me a long time to realise that my fellow bipeds saw this as a weakness to be exploited.

[walter walcarpets] 23/4/2020 11:17

lefrene: unfortunately you would have to sign up for twitter :-( tag is because in the past I've let people walk all over me :-)

[lefrene] 23/4/2020 11:07

Thank you Walter Walcarpets, I hadn't heard of him. I hope I don't have to sign up to Twitter to access it? I guess there's a slow start that then becomes exponential, although with something like 30% of the workforce now employed by government, the collapse in tax income will lead very quickly to large scale money printing. The 'cure' for this bug is going to cost way more lives than the bug itself.

I guess the carpet business is as dead as most other things at the moment? I'm guessing from your tag, that's your area of bread and butter?

With gold looking quite firm at $1725 this morning I'd have thought that worth a good 5p off the AAZ price :¬)

[walter walcarpets] 23/4/2020 10:57

lefrene: funny you use the word "unfolding" There is a great piece by Raoul Pal on twitter called exactly that - the unfolding. 120 page (mostly charts) FREE document - all you have to do is supply an email address. He is co-founder of Realvision and advises major hedge funds. I recommend it highly.

[lefrene] 23/4/2020 10:48

WW, no most people fortunately seem to have no idea what is unfolding. I say 'fortunately' because I fear what might happen if they knew that the Weimar re-enactment society was just about to put on a show for them.

[riggerbeautz] 23/4/2020 10:35

Kicking King this is the guy that interviewed Chamath



He’s also had the likes Ray Dalio, Rich Dad, Poor Dad Robert Kiyosaki and Raoul Pal who is interesting, Peter Schiff too. Some good people get interviewed, clearly a new one for my radar.

[supercity] 23/4/2020 10:11

We know it's going to happen.Surely it can't not happen.With so many awful shares rising at ridiculous percentages we sit here with gold about to burst to year highs and roll our eyes in disbelief that AAZ (an extremely undervalued dividend paying gold miner) is still 120-130p.Positive thinking - it can't be too far away before it heads towards 200p surely.

[riggerbeautz] 23/4/2020 10:05

Mf I find it odd, I always test the bid/ask of stocks I hold before doing either, seems an obvious thing to do before loading up or disposing?

[riggerbeautz] 23/4/2020 10:04

Well that depends if you get fixated on the bid price and keep checking or looking lol.