Anglo Asian Mining Share Discussion Threads

[wanobi] 06/6/2020 08:38

Good morning all, wishing all a fine day off :-) LOL Cheers Wan :-)

[bleepy] 06/6/2020 00:42

Thanks guys, just seemed to jump out this time as protracted talks with govt leaving much to imagination and speculation. Hoping they conclude soon, albeit this virus creating added pressures and delays to ‘normal govt business‘ so patience needed.

Agm shortly, Hardman note awaited, jorc reports expected, exploration update due and quarterly update next month.

[mattjos] 06/6/2020 00:09

Been there for years

[terropol] 06/6/2020 00:03

BLEEPY, I think is just standard resolutions.

[bleepy] 05/6/2020 23:14

Resolutions 5 & 6 of coming agm....


5 AUTHORISE ISSUE OF EQUITY
For Against Abstain

6 AUTHORISE ISSUE OF EQUITY WITHOUT PRE-EMPTIVE RIGHTS
For Against Abstain


Perhaps institutional investors lined up as Aaz has demonstrated they are committed to providing shareholder value.

Don’t remember these resolutions being tabled before...anybody

[baddeal] 05/6/2020 22:42

Dow Less than 10% off the highs now. Marvellous!

[brasso3] 05/6/2020 22:04

Rigger

I do not know what to say. I feel like its hard to go short at present on anything yet the fundamentals suggest you should only be going short!

[fozzie] 05/6/2020 21:58

US indicies up yet again, all up over 2%, Dow up 800pts and 3.6% it's just amazeballs

[bamboo2] 05/6/2020 21:56

fozzie, I have been in and out of BUR for a while now. It has turned the corner [123 trend change pattern], and yesterday confirmed a target approx 775 [invh&s]

[excellance] 05/6/2020 21:52

i don't think we can rely on any economic numbers for a true reflection of reality.

yes things are suddenly a lot worse than anyone could have imagined thanks to the virus, but the government has pulled out all the stops. of course there is a lot of uncertainty about how to operate, and what the future holds, and many businesses have lost loads of cash and replaced it with debt.

currently we are going through a recovery, markets are rising from crushing drops, aided by printed cash, so currently there is a feeling of economic strength, but really we are trying to find fair value as the real numbers come through over the next few months.

how will businesses adapt to new "working with coronavirus" regulations, and will they be profitable?

what about demand and supply of everything, is there balance?

we are currently in they eye of the storm, people running around trying to rebuild, but the storm is directly over us and soon we will see waves of redundancies and very high unemployment, and probably unrest too.

how can we protect our assets, our wealth, let alone our property and personal safety?

gold offers some protection always, and gold miners, but what do we do about our houses, mortgages, pensions, and where do we put our redundancy cash?

clearly governments will simply continue to print cash, devalue the currencies, so despite poor demand there will be poor supply too, and as prices should rise for most everyday things, and only the most efficient companies will survive.

my guess is to invest in anything tangible, and any miner that has good margins, but particularly gold and gold miners.

[digger18] 05/6/2020 21:52

Yes totally unreal! The world in turmoil and the US jobs improve from 40m to 37.5m and the Dow up to 27k.

[blueball] 05/6/2020 21:40

I 'm going cruising down Tilbury docks tomorrow.

[doc_oj] 05/6/2020 21:40

Unreal, that's the one word I would use! So glad I don't do this for a living.

[excellance] 05/6/2020 21:20

nobody will go cruising for some time...

[gadolinium] 05/6/2020 20:43

Copper seems on the move as China, fires up its own stimulus package!
------------------------------------------------------------------------



Copper price rally builds as China’s spending balloons
Frik Els | June 4, 2020 | 10:06 am Intelligence Markets China Copper

Red metal redemption. Stock image.

Copper advanced to 12-week high on Thursday as China’s $700 billion stimulus program focussed on so-called “new infrastructure” and “new urbanization” kicked into gear.
Copper trading in New York jumped to $2.5025 a pound ($5,515 a tonne) in lunchtime trade, bringing the bellwether metal’s gains since its mid-March low to just under 27%.
BMO Capital Markets, in a research note points out that data from China’s Ministry of Finance show the value of special purpose bonds issued – destined for local government spending on infrastructure – has already surpassed the full-year total in 2019.

BMO says “new urbanization” refers to refurbishing old urban housing stock, railways, airports, and upgrades to power grids and local utilities while “new infrastructure” includes 5G networks (base stations are already being constructed at a clip of 10,000 a week), ultra-high voltage power grids, EV charging stations, and data centers.
Needless to say, all of these investments need massive amounts of copper.
China already consumes more than half the world’s copper and its refineries are sucking in concentrate at higher rates than the record setting 2019 total of 22m tonnes.
Now the country is going into overdrive.
The latest SMM survey of copper wire and cable fabricators shows a rise in operating rates in May to 101.7%, the highest level in the history of this survey, BMO says.
That’s mainly thanks to purchases from the world’s no 1 buyer of copper – China’s State Grid – after Beijing massively inflated its budget. At the same time copper stocks held in the bonded zone are now below 250,000 tonnes for the first time in the past seven years.

[riggerbeautz] 05/6/2020 20:16

free stock charts from uk.advfn.com

Everyone going cruising soon Brasso

[jeanesy] 05/6/2020 20:08

A very disappointing day. The stockmarket seems to be behaving totally irrationally . The pay roll figures in the USA leave me feeling baffled. Surely the numbers cant be 'fudged' can they ? POG acted as it should if those figures are correct. AAZ acts as AAZ does unfortunately. It falls more than most gold stocks when the POG falls but often doesn't rise when POG rises. It is pretty range bound atmo . If it falls some more i will add however. The spread atmo is not being helpful as many others have said. We are still waiting for the Hardmann report. The last time it was released the price rose nicely and the AGM is not far away. My two pharma stocks i have taken a small position in also fell today. DDDD price action seems totally illogical ( yes i know there is selling) but i was hoping today would be a turning point. ODX also rose nicely and fell late afternoon. Looking forward to hopefully good results and outlook at TSG on monday. Wishing all a good weekend.

[saint in exile] 05/6/2020 19:24

I wouldnt be surprised if the NPF were manipulated in some way.Trump is a devious dangerous man.Did you see his comment on George Floyd with regards to the NPF figures.I think hes unhinged.Just like his Fake economy!

[avsome1968] 05/6/2020 17:45

WAN

I bought COBR this afternoon after reading year end results, been watching it over last few months peaked at 3.35 then dropped to 1.50 range due to metal London selling out, think their about done one to check out. hope the weekends a good one for all////// AV.

[baddeal] 05/6/2020 16:54

Mj, surely the quantum of debt is not the real factor, it is whether or not it is affordable.Quantum is only relevant when you have to repay or refi and if the billions keep getting pumped in it will be thereWe need to forget pre 08 when debt wasn't cheap. As a strongly rated bank or corporate borrower I could borrow 3 x the quantum now at the same service cost as in '08. Marvellous!!

[2sporrans] 05/6/2020 16:53

This surprise jump in those on the payrolls may be more apparent than real.
Bearing in mind the lags between Gov. interventions and employers reactions,
Could it be a stack of laid off workers got taken back on board but not actually working and being paid for by the furlough support?
Keep their workforces perked up and handy for the great re-opening to follow - which is now happening in parts.
Dunno but it's plausible.....and as Matt says: Never underestimate the Yanks in business.

Whatever, the underlying problems are not appreciably diminished for the economy/businesses in US - or pretty much anywhere for that matter.
Nor is the case for higher POG imho.

As for AAZ share action....
It's as if D Duck has straddled with a virtual squat over the trading ether and dropped an unpolished one into it.

Might be topping up on Monday.

Just forget about all this until then chaps/esses and hope you enjoy your weekends.

[riggerbeautz] 05/6/2020 16:53

Yes Bumpa I know, I know think I’ll stick to my usual style, snails suit my temperament better.

[fozzie] 05/6/2020 16:53

Pretty flat week for me, portfolio up a little, pharma stocks treading water. Added to EML,ETQ and MGNS and bought BUR (at the top today lol). Missed out on some easy money in MPH and can only think what might have been with SHI but had no funds left. Think i am trading more than ever at the moment. Good, bad i'm not sure, it's Bumpa, Rb and Uncle Foetus' influence. Trying to get in and out of a few quickly but seem to have got stuck in ODX, DDDD and ORPH and that has tied money up. Hope everyone has a good weekend.

[wanobi] 05/6/2020 16:52

free stock charts from uk.advfn.com


The Market giveth and the Market taketh away :-) LOL

Cheers
Wan :-)