Anglo Asian Mining Share Discussion Threads

[loafofbread] 26/5/2020 14:24

Gold Finger,

You mentioned a few days ago that PUR had $100M of debt.

Today's RNS makes it clear they have $100M of cash, which will see them through to production and first income.

[donald pond] 26/5/2020 14:13

BUR at £5, can it break through? I think MMs are under orders to hold the line there but wdik?

[riggerbeautz] 26/5/2020 14:08

Having a go at AML shade over 40p

[wanobi] 26/5/2020 13:45

thanx ODR, cheers Wan :-)

[wanobi] 26/5/2020 13:45

yep, not quite there though :-) LOL,,, ggrrr :-) LOL Cheers Wan :-)


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[mr roper] 26/5/2020 13:40

Chance coming on 4d, wan...finger on trigger

[baddeal] 26/5/2020 13:37

DP, can't say I see mgmt being likely to take it private but if they did I'd certainly want to see an independent resources report before I agreed to sell up!

[onedayrodders] 26/5/2020 13:30

for disclosure I have reduced KAT holding to a more comfortable level to reflect its a binary (albeit mouthwatering) play IMHO based upon CEO past.

Will double instantly on positive funding news but action this week not as I expected.

ODR

[gutterhead] 26/5/2020 13:20

I can't see why the BOD would want to perform a takeover....it doesn't give them an exit unless they sell to Azeri govt at a later stage.
Its frustrating being in 120-140p range and guess we need to continue sitting on our hands-the prospect of a sweet DIV helps 😀

[king suarez] 26/5/2020 13:11

Yep, eagerly awaiting news on TXP. JSE Q1 results out this week also.

[wanobi] 26/5/2020 13:09

JSE doing its best to follow too :-) Cheers Wan :-)


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[wanobi] 26/5/2020 13:07

TXP shaping up nicely KS on tiny volume :-), don't forget the call later this week - Proactive One2One Investor Forum - 28th May,,, as if you would LOL Cheers Wan :-) nice 'W' there :-)


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[riggerbeautz] 26/5/2020 13:02

Someone else mentioned it here the other week, can’t remember who though.

[wanobi] 26/5/2020 12:43

welcome to the thread Pantsonfire and thanx for the suggestions, I shall take a look this evening for sure, cheers Wan :-)

Great thread name btw :-)

[wanobi] 26/5/2020 12:40

yep, all good cmb, well done those who bought into AMC :-) Cheers Wan :-)

[wanobi] 26/5/2020 12:39

ALTN - RNS with pics :-) nice. cheers Wan :-) GLA Holders

[donald pond] 26/5/2020 12:33

To sum up, AAZ has decided to portray itself as a steady state, dividend payer.
PUR is portraying itself as capable of explosive growth.
Ideally, you want a bit of both, but if you compare one to the other it will only reveal your biases.

[walter walcarpets] 26/5/2020 12:31

o/t, sorry - GF1 When I first looked at PUR, I came to the same conclusion as you but after much more digging, found out they have the land package, management and funding to fully realise it's potential. Only time will tell of course. Been wrong many times....

[callmebwana] 26/5/2020 12:26

Hi Wan,I am happy just sitting on my hands at the moment. AVCT doing it's job and PUR also.
I wonder why AMC price is going up !!
AAZ is AAZ it will perhaps be driven by the broker notes or a LOM RNS.
POG has fallen a bit on the worry about this virus.
TSG,is fine at the moment.
As you know BPC is just a small bet.
AVCT, is just unbelievable at the moment.
GLA.

[gold finger 1] 26/5/2020 12:13

Sorry to come back to PUR.

Now i looked at these as i have said on many occasions about a month ago.
At that time they said they were fully funded. Last week they took another $15m from private investors, again claiming they are fully funded.
Now today i see they announce that the Company has raised $12.3 million from the exercise of 14,465,000 share purchase warrants with a strike price of $0.85.
Now i don't like a company saying one thing when doing another. Also these shares are at a very good discount, yet the share price goes up 12%.

[jbravo2] 26/5/2020 12:09

Yep it's all good here, especially with that in mindAnother day, another 200oz, another extra 100,000

[pantsonfire] 26/5/2020 12:02

Thanks to wanobi for opening up this thread. I am taking this literally as a place where we can bring new ideas, tips, suggestions, etc. I've seen that several fellow posters in metals post here, so let me go ahead and suggest something new. PXC, Phoenix Copper. I'm not going to post too much detail, as I would like you to do your own research from published information, which is easily available, and then come to your own opinions. It's a new company, mining for copper, gold, silver, lead etc, in Idaho. Exploration to date shows about $1 billion in the ground, from near surface mines, with very exciting possibilities being looked at from deeper mineralisations. They have a large territory, and are focused on bringing one small area (Red Star) into production for end 2021, capex approx $25 million, which will provide the cash flow to go after the wider resources. They have the cash for the current drilling programme, and are looking to minimise dilution for the construction financing, particularly as the board are all significant shareholders. On their web front page you will find links to recent research from WH Ireland and Hardman. see
With their consultant geologist saying that perhaps only 1% of the mineralistions have been discovered to date, they plan to ramp up from Red Star into Empire Mine (with gold and copper), and then deep. I like the board, and have trust in them. I know from informal conversations (they invite shareholders to open lunches) that they could see the possibility of this becoming a 10 - 20 bagger, I kid you not. Where the share price stands today is unrepresentative of the value this company could give. The core risk issue, in my opinion, is whether the board can take this company into production, and specifically finance the business. I myself have confidence they can do it, and their continuing updates lend credence to that. Anyone interested, read through their literature, watch their videos (there was a most interesting one recently with their CEO in Idaho ), and call to the directors. They post their telephone numbers, and are very receptive to talking with both existing and potential shareholders.
I myself believe that this represents a great opportunity to invest into the future growth of this company, whilst the share price is still at a starter level.
Again, this post is not advice, and please do your own research.

[gutterhead] 26/5/2020 11:52

a year ago today, gold was $500 per oz less 🥳

[gutterhead] 26/5/2020 11:51

MM,s are milking it that's why