Anglo Asian Mining Share Discussion Threads

[wanobi] 06/6/2020 16:05

TXP -

The key remains that these 3 upcoming drilling wells are each twinned with previous drilled discoveries which should make them relatively ‘lower risk’ compared to pure exploration drilling. To varying degrees, each single well could transform Touchstone from a little known small ‘also ran’ operator into something much larger. Any two success combination would be off the chart really. This also comes for a small capital outlay on each well and with access to nearby infrastructure, a rapid monetization and cash flow route is available. This is a very rare combination of positive factors in our view. For investors owning the shares at this price, there ought to be relatively low downside medium-term risk. The currently-producing assets cover more than the current valuation, in our view, whilst the upside success case could be a multiple of the current share price. That said, if all 3 wells turn out as failures, then the short-term share price would no doubt suffer. But with a refocusing on the existing production assets, this would hopefully make such a fall somewhat short lived.

Any two success combination would be off the chart really - MY Favourite Line :-) LOL GLA

Cheers
Wan :-)

[pogue] 06/6/2020 15:11

This is a political video but its an eyeopener on the events around the world right now. It was made in 2017 and is about the Black Lives Movement by a black guy who was in it. Makes a lot of sense even if the speaker has trouble with brevity. Worth listening to for an alternative viewpoint than that in the media.

[pogue] 06/6/2020 14:24

A good article that starts out bullish but then is bearish on oil price rises in the next few months, well balanced.
It starts saying how world production with the record cuts by OPEC+ held for a month, and full compliance lol, means there will be a oil production deficit to demand however the large amount of oil stored will more than cover that, add in the shalers are starting up again and long term the only thing I see putting oil up to over $60 for a sustainable period is the fabled V shaped recovery happening which the US stock market appears to be betting on.
Place your bets, mine is on non V.

[mad foetus] 06/6/2020 14:13

The licenses run out at different times for different sites but can be extended. I had in mind first expiry was 2032 but could be wrong. Life of mine has been 5 years since they started mining. It's an accounting thing, but each year they find as much as they mine. Funny business eh?

[wanobi] 06/6/2020 14:10

hi Pp, off the top of my head,,, my understanding is as follows,,,, please do correct me, anyone if I have this wrong :-) thanx, cheers Wan :-)

1 - AAZ has the RIGHT to extend the PSA...
2 - LOM currently 2024...
3 - JORC due in Q3...

[skeptic1] 06/6/2020 13:23

TL:DR - 'not a holder'. Filtered as no value to offer.

[dozyduck] 06/6/2020 13:16

These boards are for anyone with sensible views to share. They don't need to hold shares. For all you know I sold on seeing the spurious arguments in the Hardman note and on the resulting spike. I gave the reason why at the time. So grow up.

[doc_oj] 06/6/2020 12:28

I wouldn't be surprised either way actually. People have all sorts of motives.

[piperpeter] 06/6/2020 11:46

So, how much time is actually left on the license now?

Pp.

[skeptic1] 06/6/2020 11:43

Lol of course he doesn't!

[klosters65] 06/6/2020 11:20

I am curious. Do you hold any AAZ shares ?

[c0lin1] 06/6/2020 11:09

... there was also a large number of workers who were classified as employed but absent from work. As was the case in March and April, household survey interviewers were instructed to classify employed persons absent from work due to coronavirus-related business closures as unemployed on temporary layoff. However, it is apparent that not all such workers were so classified.

If the workers who were recorded as employed but absent from work due to "other reasons" (over and above the number absent for other reasons in a typical May) had been classified as unemployed on temporary layoff, the overall unemployment rate would have been about 3 percentage points higher than reported (on a not seasonally adjusted basis).

[the stigologist] 06/6/2020 10:57

AVCT

An academic connected to Avacta tweeted this out late Friday...

When people talk about 'Holy Grail' of Cancer it's worth listening...

"Our latest paper is in preprint. Another example of how ⁦@affimers
⁩ #AVCT can be used. Here we show the ability to identify druggable pockets on KRas, the ‘holy grail’ of cancer proteins. "
⁩

[dozyduck] 06/6/2020 10:29

Why on earth does anyone think a new 'Hardman Note' will do much if anything for the shares ? Their last one omitted to recognise that their 'target' price more than allowed for cash still to come from Gedabek, following which major spending will probably be needed to keep going - which they didn't mention. The shares only got a short term boost afterwards from the 'negotiations' over the PSA with the govt - which turned out to have been airy-fairy. Nothing much has changed (except for additional earnings from higher gold) since Hardmans last report enough to compensate for being one year closer to the end of life problem.

[goodgrief] 06/6/2020 10:17

Not expecting gold to stay down for long. Predictions of economy taking off like a "rocket ship" likely to be as accurate as previous predictions!10 takeaways from the worst jobs report in US historyhttPS://apnews.com/c4866631f97c5531001e5697ef82797d

[goldrush] 06/6/2020 10:08

wan

Posted this on Matt's thread....For those interested in Silver....

AAZ produced 160,000oz of silver in 2019 but could be materially more in our expansion phase....but even an extra $4 or $5 million in future will top up the dividend.....

Link From me and GoodGrief on PXC thread

In my mind one of the best articles written on silver recently "Silver will soar as global monetary crisis is dire" as per Alasdair Macleod on king world news.com

[goldrush] 06/6/2020 09:55

AAZ produced 160,000oz of silver in 2019 but could be materially more in our expansion phase....but even an extra $4 or $5 million in future will top up the dividend.....

Link From me and GoodGrief on PXC thread

In my mind one of the best articles written on silver recently "Silver will soar as global monetary crisis is dire" as per Alasdair Macleod on king world news.com

[mattjos] 06/6/2020 09:20

With regards the NFP data ... best to conclude that recent and forthcoming data will be outliers & ignored as such.In most countries there are various govt. initiatives to try and keep people in jobs after the initial spike & I suspect there is an element of double-counting that are masking the true situation.One thing is clear though .. many people have already clearly lost their job and many others may/may not have lost their job, depending on how quickly economies recover during the run-down of furlough schemes.If you put that very saddening fact to one side & concentrate on hinge stimulus sums being spent across the world which have the effect of devaluing all fiat currencies as compared to Gold & Silver then, the reasons to remain invested in the PM mining space seems clear to me.It also seems clear that government 'recovery' stimulus is absolutely going to be focused on infrastructure, Electric Vehicle adoption & green energy so, Copper is going to finally see the long-awaited demand increase. (First post-Covid order we have received is from cable manufacturer in Poland).AAZ is in prime position financially & also with its mining output mix.

[mad foetus] 06/6/2020 09:19

Not sure if this has been posted https://ingoldwetrust.report/wp-content/uploads/2020/05/In-Gold-We-Trust-report-2020-Compact-Version-english.pdf

[mad foetus] 06/6/2020 09:13

AGM on 23rd. Last year we had exploration news, update on airborne survey and Hardman report in week of AGM. I think we can expect similar this year. Fingers crossed

[brasso3] 06/6/2020 09:09

BTC

For anyone interested I have just finished reading 'The Bitcoin Standard' by Saifedean Ammous. An excellent read if you want to have a better understanding BTC and the future. I find it hard to see how anyone can be positive on gold and not BTC as it would seem to be a contradiction. In the book he uses examples in history like how small islands in the pacific used to use sea shells as currency until explorers arrived and introduced gold into their small societies.

I hope as many people as possible benefit from BTC in the next few years as it seems inevitable that it will increase many multiples. With large investors (Paul Tudor Jones) and institutions (Grayscale) now starting to buy in.

[wanobi] 06/6/2020 09:08

agreed Brasso,,, thanx,,, I should have put that in the chart too,,,, :-) Cheers Wan :-)

[wanobi] 06/6/2020 09:06

Cheers
Wan :-)