Anglo Asian Mining Share Discussion Threads

[ptolemy] 06/5/2020 10:43

Mad,

Re: BUR. Signal came at yesterday's close. See Twitter, @SeymourTrading

Risk remains that the move off the late-March low doesn't look impulsive.

[jbravo2] 06/5/2020 10:14

Yes I noticed both the 60k on the 4th and the 75k yesterday got cancelled.
Poor attempts really

[gold finger 1] 06/5/2020 10:02

I see we are getting the old trick of placing big sells to suppress the price then later cancel the sale.

I can't see that being the case in India at this moment.
I mean would you not just sell the gold instead of placing it as collateral against a loan if the bank is going to call that loan in after a few months. I have been to India many times over the years, and the people that have gold will not be that stupid to lose it to the banks in such a short time frame,that's for sure.

[wanobi] 06/5/2020 10:01

AAZ - sometimes looking at the monthly candles help me to get things into a longer term perspective :-) GLA Cheers Wan :-)


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[bazboa] 06/5/2020 10:01

well worth a read, so much planned for 2020:

hxxps://polaris.brighterir.com/public/anglo_asian_mining/news/rns/story/ry870yw

[wanobi] 06/5/2020 09:59

enjoy your weekend Bumpa, cheers Wan :-)

[mattjos] 06/5/2020 09:50

its actually cheaper price to buy in size (under 23p) than it is to buy just 7,500 so, I'd suggest we'll be holding station for a while longer. There is some background volume churn going on that is being late reported each day.
Who knows what's afoot.
I'm more focussed on the fact that gold remains at $1,700 .. the world is getting used to $1,700 for Gold & that is a storming result for us

[bumpa33] 06/5/2020 09:48

Mark Child and CNR have been trying to build gold mines in parts of South America since the 1800’s, or it feels that way - I recall being mightily relieved to get my money back on that in 2009...

Morning, tried a short in AVCT on the bell, had to wait second time round as liquidity non existent first thing until buyers came in round 105. Got it away at 114.1 to close at 110. Hardly worth it. Closed everything else out bar MPH and short the S&P. Need a break, will be back after the bank holiday.

[gutterhead] 06/5/2020 09:44

cheeky top up
can't buy any volume below 125p

[mad foetus] 06/5/2020 09:43

MWG went to about 30p on their Gibraltar project which then went silent for years. And the CEO of SKIN is never off Twitter I think BUR could be good from here. Director buys yesterday, US listing to come, higher lows and highs etc

[riggerbeautz] 06/5/2020 09:39

Mf yes I have a vague recollection coming across MWG before, suppose things can change. I’d say the same about CNR never delivered but recent holders will think its a gem, to me it’s a perennial dog and if Mark Child is still there I’d be even less interested.

[wanobi] 06/5/2020 09:29

many thanx for heads up Mr R,,, nice GAP to fill there :-) Cheers Wan :-)


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[mr roper] 06/5/2020 09:27

Anyone looking at fum? Nice bowl on chart looks to want to break up with volume

[mad foetus] 06/5/2020 09:07

MWG has been a shocking company over the years.

[wanobi] 06/5/2020 09:01

great post pogue, I can't argue with any points you raise as I have no idea how the O&G markets will play out over the next few years,, I also don't like thinking of a price targets, good or bad from here, I'll just be looking at the trends... Cheers Wan :-)

[pogue] 06/5/2020 09:00

I notice I have a negative on my GAN post, please post your bear case rather than remain in the shadows I always like alternative views.

[riggerbeautz] 06/5/2020 09:00

Morning, will look into MWG profitability later, it’s interesting technology.

[pogue] 06/5/2020 08:31

Interesting article Wan on the PoO good to hear a reasoned bull case. His final paragraph though is where it falls down IMHO
‘Accordingly we are estimating a year-end price of $45-50 dollars for WTI and a year-end U.S. shale production exit of 4-5 million bpd. When combined with the curtailments coming from Saudi Arabia, Russia and other countries we estimate that as much as 20 million Bpd will have been removed from the world market.
These curtailments put us in rough balance with global demand at 75-80 mm BOPD, and any short-fall from there will quickly put us into deficit.
Better days are ahead for the oil bulls!’

$45 to $50 by year end is not a bonanza price its a lot better than it is now but its not massive profits time.
I don’t think shale is dead, the bombed out companies will be sold at a cheap price to majors who will manage them as a tap for when oil prices are high enough. The shortage of drilling rigs maybe an issue I concede but where there is a market people will provide normally.
The curtailments from Saudi Russia etc are illusionary they cut their production as there was no demand but in the end both are concerned that other suppliers are taking their market share so I don’t see them keeping production low as oil price rises and people eat their market share again. Fundamentally there was too much oil production capacity in the world before the CV19 crash and the market after is going to be less, drops in shale production are not going to make that much of a difference.
A oil price black swan event to be aware of is if Trump loses the election the Dems may patch up the nuclear deal with Iran allowing their oil to flood onto the market, remember Dems hate oil as that’s where Republican votes are strongest and election funds come from plus the reason they love climate change rhetoric.

[lefrene] 06/5/2020 08:25

gold finger 1, I don't know what direct effect it has, but apparently a lot of people in India are using their gold as collateral to borrow money to get through this virus lockdown. So perhaps some of that gold is being sold by the lenders for defaulted loans?

[wanobi] 06/5/2020 07:56

I have absolutely zero,,, no, lets say -273 idea of where the PoO is headed, but, here's one view :-) GLA Cheers Wan :-)

[gold finger 1] 06/5/2020 07:54

Its funny how now it seems like gold is being held down by the European and Asian markets,while it rises in the US.

[wanobi] 06/5/2020 07:49

JSE - annual report for you to get your teeth into KS, enjoy, cheers Wan :-)

[gold finger 1] 06/5/2020 07:48

One of the thing holding this share price back for a while now is the constant sells.
You only have to look at the late sells last evening 100,000 of them alone.
These shares are going somewhere, but it seems most are not being reported.
Well their are very few shares here so this constant seller or sellers will always hold the price down. Volume here on the best of days is low, so does not help.
Why would anyone sell?.Well when the price has moved from as low as 4p in a very short time, you would have been buying lots of shares for 1,000 to 10,000 pounds. In fact 250,000 for just 10,000 pounds.Good luck to them, they have held for a long time.

So unless the mm's are holding all this stock to move the price up at some stage, wich i doubt, Someone is buying them. You don't spend that amount of money if you have not been given the nod and done your homework.

[wanobi] 06/5/2020 07:45

aha, AVCT, a kind chap has pulled this from it,,,,

"The Company aims to have a working laboratory test before the end of May and is now also transferring Affimer reagents to Cytiva to develop a rapid saliva test for the virus antigen suitable for mass screening of populations. The aim is to have this test ready for production as soon as possible during the summer"

Cheers
Wan :-)