Anglo Asian Mining Share Discussion Threads

[riggerbeautz] 24/5/2020 14:04

Wan First Majestic is Keith Neumeyer’s company, he’s been in P.M’s a long time and I’ve met him on my travels; good guy but often accused of talking his own book similar to Mike Maloney. The difference for me, is he accepts gold/silver are cyclical and there are down waves and up waves; right now he believes there is a strong up wave underway.

[wanobi] 24/5/2020 14:01

post above thanx to SiE for posting that u-tube which I'm going through now,,, much appreciated, cheers Wan :-)

[wanobi] 24/5/2020 13:57

Rb, here's one :-) Cheers Wan :-)


free stock charts from uk.advfn.com



free stock charts from uk.advfn.com

[mad foetus] 24/5/2020 12:52

PUR are in Canada and own land close to Great Bear Resources, which is about the best performer on any stock market over the last 3 years. Lots of gold at big grades. That's the attraction there, the chance that they hit a big seam with lots of 50g/t grades. Higher risk, higher rewards. But Great Bear is a 100bagger from memory so PUR may well be worth a punt

[wanobi] 24/5/2020 12:40

Rb, Silver Producers,,, many thanx, that will be most appreciated,,, now's the time to get in me thinks, fwiw :-) LOl Cheers Wan :-)

another ELY, yes please, fire it at me Rb, cheers Wan :-)

As for AAZ, yep, agree, we each have to make our own minds up and to me now, that comes down to trusting AAZ management to get the best deal,,, whatever deal that maybe for the business,,,, I don't think AAZGOV is going to confiscate AAZ mine/assets, the country is too well developed and respected now for that with all the Oil PSA's and so on that have been operating for a long time,,,

but, I do 99% think discussions are going on still around something,,, what that is, who knows,,, I feel it's either a case of AZERGOV wants more than 12.5%, so lets negotiate or the big fish or AZERGOV wants AG to TO AAZ and AZERGOV will orchestrate AG buyout of AAZ....

but who knows,,,, I'm going to put my trust in the AAZ team and see what happens,,, as Bill says, being a shareholder in AAZ is like being part of a club,,, that remark I find comforting, almost as if he's putting his arm around us and saying, it'll be ok chaps :-),,, I'm sorry I cannot tell you more, but, you're part of the club and things will be good.... I may be wrong,,, but, Bill strikes me as a straight up guy and as such I think he'd find it very hard to do these presentations if he felt he was hoodwinking his club members :-), I think there would be obvious signals in his delivery under those conditions and I've looked long and hard at the presentation again this weekend and I cannot see them,,,, just the slightest touch of his face after the nationalisation question, that's all I could detect...

also, it was interesting to note that how strongly he said, never, ever, ever,,, for a straight up honourable guy,,, that would have come out differently I feel had he been concealing something awful...

Let's see what the analysts notes look like and whether the share price guy again mentions the ongoing discussions with a buyer that's not going away :-)

Chart-wise it good to see us back to where we were prior to the PSA/lawyer/NDA event, in the pink circle, where the price shot up and came back down again as the company calmed the whole thing down :-)


free stock charts from uk.advfn.com


GLA
Cheers
Wan :-)

[gold finger 1] 24/5/2020 12:27

It just seems to me that some people are just looking for any excuse to get out here,or get the price down.
You can find fault with any company if you want. In today's climate you don't have to look far to see one or two main points. closed down not making any money, and a very uncertain future when they do open back up. Even the likes of Apple, Google,netflix, Amazon are getting most the money thrown at them and are looking way over valued.
I will stay here,and add again soon,when funds become available, if the share price does stay around here.I see value here, while some just look for the next possible problem to post.
I see a company making great profits,paying a very good Divi. That will give a jorc update in the next quarter on its existing mines. Work on going to jorc 5 future mines. Possible new mines in another part of the world. Possible take over,or a JV.
All are on going or are more possible than people saying we have problems with the government.

[lefrene] 24/5/2020 12:04

Being on the TSX does nothing for Solg. My guess is that it's the rewards in fund raisings, that motivates interested parties to pump speculative companies.

There's true value in AAZ by the barrow load, but of course no palms are going to be greased by highlighting it. By now AAZ must be showing up on value screens, I don't see that with all it's positive attributes it can remain hidden for too much longer. AAZ certainly won't have escaped the notice of the mining industry.

[c0lin1] 24/5/2020 11:59

GF
their EV is more than 3 times ours. where are they Africa?

[walter walcarpets] 24/5/2020 11:56

Great interview with Jeff Booth, author of "The Price of Tomorrow" explaining why deflation is going to win hands down. If you're unsure about where you stand on the inflation/deflation debate, watch this - fascinating!

[gold finger 1] 24/5/2020 11:46

I have just watched the Pure gold presentation.
I can see why i was looking at them a month or so ago.
I was a bit concerned at the market cap back then. since i looked at them that has risen 50%. They have debt of $100m + USA. They said they were fully funded but this week Did another private placing for $15m. They forecast to start pouring by Christmas and going into full production soon after. They forecast 60,000 ounces for year one, with an AISC of $800 US. Their M/C now is almost double ours.
Seems to me being listed on the Canadian stock market also would be a way to go here.

[mad foetus] 24/5/2020 11:40

EML and AAU both have great looking charts. Plenty to come still

[c0lin1] 24/5/2020 11:33

thanks for that.

[riggerbeautz] 24/5/2020 11:31

Wan,

I’ll come back to you on Silver producers, I’m just taking a break from shaping the trees, so not much time spare today. Yes ELY chart is rather nice, there’s another I might ask you to have a look at later.

Belated happy birthday to KS (how’s the head this morning ;)) and commiserations to CMB it’s going on everywhere isn’t it.

No more AAZ cheerleading from me, people have to make up their own minds, seems to me it’s all about timescales and expectations, I’m well happy but others are not, all this clamour for PSA knowledge is a bit like being a kid in the car on a journey “are we nearly there yet”, as we all know, you get there, when you get there and keep asking won’t make it happen any sooner!!!

[2sporrans] 24/5/2020 10:40

Colin

Courtesy of crazycoops:

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

[goodgrief] 24/5/2020 10:03

AAZ spot price getting back to 3Q19 levels would be a start!

[ilostthelot] 24/5/2020 10:00

I bought into EML a few weeks ago it migtt have been Mad F that mentioned on here- thanks. Long way to go on that one.

[c0lin1] 24/5/2020 09:22

can someone please post a link of the proactive event last week.

[2sporrans] 24/5/2020 09:08

Think this is a well reasoned and written article on the
prospects both for POG and gold miners:



The charts back up the reasonings very well.
Like this dot plot which makes very clear that
it's not just lower/-ve rates that support higher gold prices;
the lower the level of rates, the stronger this relationship
becomes:



Inverse correlation of 0.8 [80%] is tight.


With ~47% of gold demand now from investors/Central-Banks, there's
a good chance further increases in demand from them can outweigh a prospective fall
in demand for Jewelry, given 2020-21 wealth impaction in China, India and elsewhere in Asia. [ditto the industrial demand].



The Schroders take on the undervalued Gold Mining sector:

"“Essentially, we believe that gold miners produce a monetary asset for which the long-term outlook is very strong. However, they are currently valued at very depressed commodity producer valuations. This is partly due to the inability of the sector to generate strong returns in the recent past – particularly between 2005 to 2015.

"The reality is that gold producers today are in a very different position to previous years both in terms of return generation and management discipline.

"As an example, even after the recent correction in gold prices, gold producers are earning all-in-cost margins which are close to double those seen at the top of the previous gold bull market in 2011. By contrast, valuations are far lower. As the macro environment shifts, we think that 2020, even if there is more short-term stress, will come to be viewed as a historic turning point for the sector.

“Overall, then, the case for having a gold allocation split between gold bullion and gold equities (primarily gold producers) is strong. Investors understandably worry about the additional volatility of gold equities, as well as the risk that in deep equity market corrections gold equities dislocate from the gold price. The reality is that this risk exists for both the gold bullion price and gold equity prices."

[callmebwana] 24/5/2020 05:43

SFS,I just found PUR when it came to the UK,market. It seemed rightly priced at that time. I have continued to top up on the dips and built a holding in it.
I just post what I have invested in.
I usually start to invest when an up trend has set in. I may pay a bit more but I have found that to be a safer way of investing.

[swallowsflysouth] 24/5/2020 03:24

CMB, sadily most countries now seem to have a degree of risk when investing in their gold mines, including TSG, one of the reasons i am attracted to PUR its in one of the safest countries on the planet to invest in, your suggestion i believe.

[callmebwana] 23/5/2020 22:53

SFS,thank you for your input much appreciated, as it is unbiased. I have a holding in TSG but a small one.

Jeanesy,there is always that very,very
small danger of the Co being nationalised. Who knows for sure where things may end up !! We are living in a world that changes by the day.
Who can guarantee anything 100 % in the market. I have known people lose large fortunes in the market !!

That is why I stated in my earlier post that the sooner things get sorted out the better for all.
Don't forget CEY, President Morsey was on his way to nationalising it a few years back !!

One thing I will never do is to mislead anyone purposely to line my pockets.
Money in a way is a very bad thing. I have seen people completely change their attitudes when they have come into big sums of money or when they have lost it big time.
Yes I do ramble on a bit at times !!

[swallowsflysouth] 23/5/2020 22:02

Jeanesy, as RB said i am a tad impatient, but as said in above message i now have a more unbiased view of situation and feel slightly less negative than i did when i sold. Still wouldn't buy back in as situation could go either way and money now in TSG .

[user2007] 23/5/2020 22:01

Thanks Gary for the details.I dont need anything special so based on the overall feedback I will go ahead with them.