Anglo Asian Mining Share Discussion Threads

[donald pond] 29/5/2020 10:06

Just getting around to reading the SPA note properly. The mention of exploration providing a "busy news flow schedule" is welcome. That's what we need to build momentum.
I very much hope that we are in the position - which the company has created many times before - where they show their leg and give PIs time to buy in before dropping the gown.

[pogue] 29/5/2020 10:00

Opportunity for those who believe the AVCT story today price down nearly 10% on a quiet day.
I have too many as it is.
I bought some TXP though today which has broken my no O&G share till I see sustained recovery in PoO rule seems to be a good prospect though. Aslo bought JSE as I have broken my rule. Its solid as a rock and may buy another bargain so want to be in for that.

[skeptic1] 29/5/2020 09:59

I probably need to sell and rebuy in my ISA...4% spread though

[skeptic1] 29/5/2020 09:58

Nobody is interested in our little co :-(

[gold finger 1] 29/5/2020 09:53

Have the MM's closed down for the day here.
One trade in almost two hours?

[brasso3] 29/5/2020 09:51

Hopefully EQT will retest the wedge at 0.21p. :)

[gold finger 1] 29/5/2020 09:49

Lefrene

Well we move into stage 2 on monday here. They have stage 0,1,2,3.
I can tell you that most people are still not going out.
They have scared the live out of people.
I have just read that they want people to go out and support the local restaurants and bars. Then a few pages later they say that some bars are being fined for not adhering to the law.
I think people are going to be shocked how long its going to be before people get back to any kind of normality.

[goodgrief] 29/5/2020 09:42

... our lockdown Tesco tinned pototoes were surprisingly good! LOL

[wanobi] 29/5/2020 09:25

HZM taking a beating after last nights presentation,,, oh what a game this is,,, GLA holders, cheers Wan :-)

[wanobi] 29/5/2020 09:19

I guess we know the direction now Brasso,,,, blimey, that didn't take long :-) LOL Cheers Wan :-)


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[brasso3] 29/5/2020 09:09

Did not get much chance to look into EQT further but its on the move. :(

[brasso3] 29/5/2020 09:00

I don't want to imagine a world where I am stock piling tinned sardines! I will opt for John West Tuna!

[lefrene] 29/5/2020 08:57

2sporrans, my guess the biggest mover here will be the second leg down in the wider equity markets. At the moment there seems to be a relief rally based on expectations of a swift return to normality as Covid 19 restrictions are lifted. The smart money will sell into this rally before the avalanche of bankruptcies announces the real world situation. Having sold, what do you then do with your money before it's value disappears via the printing press? farmland, gold, or tinned sardines?

[onedayrodders] 29/5/2020 08:55

Topped up TXP & ORPH after last nights superb presentation and ongoing improving potential. A little top up also in ALTN as I like to arrive at a "10 bag party" first as its cheaper to get through the door and I dont mind watching and waiting as eveybody else turns up.

:o)

[jbe81] 29/5/2020 08:39

Would expect ODX to rise today in anticipation that it might get announced at 5pm today they have a test or for a Monday am rns

[pogue] 29/5/2020 08:32

Some may call this ramping but the facts are ORPH own 49% of Imutex which has Flu-v universal vaccine stage 3 ready and a phase 2 ready universal malaria vaccine. Themis, an Austrian company, similar to it was sold in the last few days to Merck for between £100m to £500m. Imutex is available to be bought and Novartis is believed to be on the look out for a similar company with a flu vaccine.
If it sold then the funds would be returned as a divi to ORPH share holders which works out at £49m/649m shares =7.4p ORPH currently valued at 16p. If it sold for the upper end then 37p. CF has always played down this as a lottery ticket they found in the cellar but with that sale its suddenly come to life.
This is not even on the prospects pipeline of deals in the presentation.
DYOR and I hold these shares.

[riggerbeautz] 29/5/2020 08:17

Bought SHI this morning after ignoring it until everything washing through, steady rise next few days will do.

[2sporrans] 29/5/2020 07:59

noting also, fwiw that a summary of the SPA note
was only posted up on the LSE board at knocking midnight
yesterday.
This was limited to just a summary of how SPA see 2020
panning out, pretty much just a 2020 cashflow/cash-in-bank +
dividend payout forecast.

My point being that even this SPA note will take some time
to do its 'round'.

[mr roper] 29/5/2020 07:57

Great rns at Tils today.

[2sporrans] 29/5/2020 07:53

Basically, SPA have come up with their 187p target
on the basis of a 2 year lookahead as expounded in their
detailed note.
As SPA sum up:
"Using our updated EBITDA estimates for 2020and 2021of $57m and $54m, respectively,and applying a target 4.5x times EV/EBITDA multiple we arrive at our target valuation of $277m and 187p per share."

They mention these to come:
"Catalysts
Exploration update (Ongoing)
Resource and reserves update (Q3/20)
Q2/20 and H1/20 operations report (est. Jul/20)"

Hopefully, the Exploration [Q1+?] update and the [JORC] Resource/reserves update
will go a long way to flesh out the basis for their
more forward looking guidance comment:

"Upside to our valuation includes an increase in reserves allowing for multiple expansion"

Noting that their secondary 204p target does NOT allow anything for this; it is purely predicated by a higher POG [$1750/oz] over the next 2 years than the $1649+1600 [2020+21}levels assumed for their 187p target:

" ....flat $1,750/oz gold price respective estimated EBITDA measures increase to $61m for both years raising target valuation to $303m and 204p per share."

The scope of the Hardman report will be far more comprehensive, i.e. forward looking and it will be the one which may have been held back in order to imbue it with
very recent info. on the exploration and reserves scores, imho.

[avsome1968] 29/5/2020 07:52

Wan

I too bought DDDD too early 58p but also got bottom 45p and 43.85p so 51p average not too bad, with all the news to come maybe do a AVCT, time will tell.////AV

[bumpa33] 29/5/2020 07:49

EQT has always been big on puff, light on detail/revenue - and seems to persistently have seller(s) in tow for as long as I can recall. Warrant/options/cash situation would need checking. Quality of mgt? Don’t know.

That said, that’s the past, maybe it’s time to shine for their tech.

[wanobi] 29/5/2020 07:45

ORPH chart looks gap free to me on this recent rise,,, maybe a gnats whisker of one just under 10p,,, but it's so tight I'm going to ignore it :-) LOL Cheers Wan :-)


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[gold finger 1] 29/5/2020 07:41

jbravo

I am waiting for the last divi to be paid to me.
Still sat in the administration company with my shares.
i have been informed they will be returned in july.
That would have been almost a year.
They will be added to my H/L account with all the others i have bought over the last year.