Anglo Asian Mining Share Discussion Threads

[jbe81] 22/5/2020 07:57

Will be interesting to see, placing may be oversubscribed and it may bounce back quickly

[mad foetus] 22/5/2020 07:54

Bill's biggest strength is also his weakness, in that he is cautious, sticks to the facts and plays down the hype. That's fine but it would be good to see somebody in the company blowing the trumpet.I think for example of the bonanza grades we discovered. Any other gold company would have made them the subject of an RNS and been up 30%. We've said that we are checking the accuracy but that was about 9 months ago and we've alluded to them without confirming since. There is a happy medium between total caution and utter ramp.Anyway, I strongly suspect yesterday was just the start of the newsflow. And that we will get extra pieces of the jigsaw and they will lead to the 50p up days Matt mentioned. Let's hope!

[gold finger 1] 22/5/2020 07:49

Well i would hope those that have been posting problems with the government will now stop. Also yesterday when that idiot came on and tried to say there was a case of covid at the mine.Just goes to show the state of some peoples minds that post on these threads.
Bill came across well. He is in no rush, which in my eyes is always a positive. Those that rush into things tend to regret their decisions over time. It may have more to do with his age,youngsters always want it today and tend to nether think about the consequences.
It sounds to me as if they are in talks about producing outside AZA.
He seemed relaxed about the amount of gold that was going to be be produced over the next few years. Only adding 100,000 ounces in the future when pushed.But we know that production isn't going to increase until at least 2023-4 at the earliest.

So if you are not happy to sit here and take the divi and get updates on progress from exploration for the next few years,move on. But then again Bill could be playing his cards close to his chest.

Parking your money here for the next few years could be one of the best decisions you could make.

[riggerbeautz] 22/5/2020 07:38

Morning Wan

For those still holding Orph, it will probably settle down near the placing price, unless you bought more last few days, it shouldn’t be a drama; just means reduced short term profit or longer investing timeframe.

[jbe81] 22/5/2020 07:36

AVCT raised money at 18p not too long ago... just surprised the thought of them raising was dismissed so quickly here

[brasso3] 22/5/2020 07:30

I feel a bit stupid as the warning signs were there with ORPH. Oh well I am sure 20p is still not out of the question in a few months.

[wanobi] 22/5/2020 07:14

many thanx jeanesy, watching it now :-) Cheers Wan :-)

[jbe81] 22/5/2020 07:13

Well there is the fund raise at Orph, not that its a bad thing and credit on the using primary bid. Not sure those that bought at 15p are too happy but could be a buying opportunity .

[wanobi] 22/5/2020 06:50

Cheers
Wan :-)

[wanobi] 22/5/2020 06:50

Good morning all, Good Luck and good health today :-) Cheers Wan :-)

Great debate chaps, many thanx..

[goldrush] 22/5/2020 00:59

Friendzarin

Very much agree with your post No 35606 to agree 5 key questions for AGM.

[2sporrans] 22/5/2020 00:18

Matt

"Cv-19 has been a complete disaster for China & Xi must be furious.
At what point will they take the gloves off with the USA? "

The latest outbreak in NE China seems to be of a new strain; longer gestation period making it all the more challenging to contain.
Wonder if this is going to spread into the domain of the Beloved Leader or whatever Kim Jung Un is titled. He has gone awol again, so maybe his sister is going to feature on the podiums a lot more.

Anyway....
It will be great to extent China does 'reform' wrt stuff like respecting others intellectual property rights, opening up market access on level footing, better regulation and a lot more of less concern to Yanks but greatly to others, like assisting more with debt support [some forgiveness?] to all those EMs and FMs they
extract so much resource from.
On t'other hand, Trump wants to take a little care about pushing his re-election China bashing too far; e.g. he's started having a go against Xi personally.
Well, Xi is no Deng ....but could do a lot worse from the pov of USA ad the West. like how's about a Chinese Putin or Trump for that matter?

[2sporrans] 21/5/2020 23:54

On the 100k-oz pa gold[GE?] production over next 3-5yrs, the current exploration/development prospects seem to be in accord with this.
It's hard to envisage what will come into production, even by 2024 that will
justify a huge increase in plant capacity.

What would not only support but demand at least a doubling in capacity - maxed out over perhaps 15+yrs - will be the advent of a much larger resource, the one currently most in focus seems to be - as Matt especially expounds [and thanks Matt] - a very large, if deep, Porphyry belt, underlying Gadir+main-pit and extending under Ugur, Asvlanchi, Gilar...Parkand Bugur etc and beyond [Zehmet] the Northern/NE CA perimeter.....
But, realistically, production won't commence from such until 2025 earliest.
Could be looking at another ~$100mn spend scenario.

[bo doodak] 21/5/2020 23:19

Noticed that as well, over a 3-5 years timescale I think he said he'd be content with. If judged on this aspect in isolation its not exactly an inticing prospect with which to attract new investors.

[baddeal] 21/5/2020 23:08

I thought bill came across as a very safe pair of hands and not one prone to rash decisions. He certainly didn't take any risks when asked about ambitions for the business and talked about 100k pa production. Not quite mid tier then. Underplayed perhaps?

[pogue] 21/5/2020 23:03

RB
I understand your position. I am at a different point to you I think with AAZ I am looking for it to do different things. It takes many views to make a market. Live and let live as you say.

[jbravo2] 21/5/2020 22:50

:D
Thanks gh
Would have enjoyed one too

[riggerbeautz] 21/5/2020 22:46

Pogue you have every right to ask questions, for me it’s not a drama but I’m well cushioned and relaxed, if I sold my trading batch tomorrow it would pay me a divi equal to my outlay and I have a lot of trust in this b.o.d

Do get shareholder frustrations, had them myself with GCM in Canada, sold only to see the stock gain 15% a few days later but I’d played GCM a long time and made seriously good profit, it was just the way they treated ordinary p.i’s compared to Sprott and others. Compare that to AAZ the board have been very transparent and so much aligned to our interests. Look at all mj and others have put on the main thread. I’m an age where I still feel happy holding “good” stocks years, they have always been the ones to bring me greatest reward.

Each to their own Pogue, live and let live :)

[jeanesy] 21/5/2020 22:40

Great cambridge house presentation about Pure Gold.. eventually



49 minutes long but worth a watch, especially as the host is very pleasing on the eye. Pure Gold bit after about 35 mins. All sounds very promising.

[jeanesy] 21/5/2020 22:36

I shall ask the question again at the AGM if we haven't heard anything more about it then.

[crazycoops] 21/5/2020 22:19

https://event.webinarjam.com/replay/187/n774ytnghx9tx2sw0p

[crazycoops] 21/5/2020 22:18

Here is the event replay - Bill ended up going first after technical difficulties with the initial speaker

[pogue] 21/5/2020 22:05

Tonight's show from Proactive for those that missed it

[pogue] 21/5/2020 21:43

RB
so why is AAZ not rising like other gold miners? Questions need to be asked.

[mattjos] 21/5/2020 21:42

Someone seems very keen to dump gold in volume at key moments .. again.US$ was unmoved today so, that is not the reason.Interesting impasse brewing up in Hong Kong right now. USA/China friction is getting worse and worse & i don't seem that changing. Growing number of USA voters are polling as anti-China & see the Chinese as completely untrustworthy ... Trump is obviously going to keep fuelling that sentiment & be seen to act accordingly in the run to the November elections.If that is one of the winning tickets for his re-election, safe to conclude he will ratchet up the rhetoric & pressure during his second term.Cv-19 has been a complete disaster for China & Xi must be furious.At what point will they take the gloves off with the USA? They've instantly slammed tariffs on Australia agricultural products in response to Aussie requests for a complete drains-up on Cv-19 origins in China. That will cow Australia but, may also result in USA seeking to stand closer by Australia.A 'shooting' affair of some description between USA & China seems an inevitability at some point.I cannot see any reasons to detract from my belief that Gold will breakout to new ATH's this year