Anglo Asian Mining Share Discussion Threads

[goldrush] 12/6/2020 07:24

mad foetus

and the AGM is only 6 business days away after today.....before which it is likely we will get some more news IMHO

[onedayrodders] 12/6/2020 07:23

Look at the impact of the ORPH 11p recent placing ... frustrating as hell but that's AIM

[onedayrodders] 12/6/2020 07:23

Get in after the dust settles on the placing IMHO

[mad foetus] 12/6/2020 07:19

While I agree with much of the chatter, we need to focus on AAZ and remember that it's quite a simple business. As long as the mines stay open, then the price of gold (and to a lesser degree copper) the cost of mining it and the amount we both mine and are perceived as having as future resources are all that matter.After that, the share price may or may not move with the vagaries if the markets - and US futures are up right now - but ultimately it doesn't affect the company's prospects.

[wanobi] 12/6/2020 07:04

PTAL - PetroTal Announces Three-Year Arrangement with Petroperu

The arrangement will result in the Company's liability to Petroperu in relation to the recent oil price movements being payable over a three year period, rather than at the point of sale of the oil. The arrangement has been structured to minimize the impact of the recent oil price decline on the Company's cash flows and forward plans, whilst allowing the Company to benefit from any future increase in oil prices when physical oil sales occur.

Sounds good to me KS :-)

aha, followed by guess what,,,,

a Proposed Placing to raise GBP14.1 million at 10p

Cheers
Wan :-)

[wanobi] 12/6/2020 07:01

AA. Davidson Kempner European Partners took another 1% I see Rb :-)

AVCT Baillie Gifford & Co reduced to less than 5%

Cheers Wan :-)

[wanobi] 12/6/2020 06:58

Good morning all, good luck and good health today :-) Cheers Wan :-)

Gold at 1729 :-)
Brent at 37.68 :-)
US Futures up,,, for now LOL :-)

[2sporrans] 12/6/2020 00:39

Polaris

O/T

"The economic fallout...that is the big unknown and may end up indirectly responsible for a lot more deaths than the actual virus."

So, there is implicitly a trade off situation of sorts, albeit a messy one; a surge in CV19 infections will lead to some economic damage even if no further lockdown/soc-dist. measures imposed to combat it.
Potentially, the economic damage from the zero countermeasures option - The Bolsonaro - will end up much greater than some, if not most, of the range of practicable countermeasures.

I expect you've seen this from the ONS or something very similar:



Shame it's only to 1May20.
But it is enough to get a shrewd idea of how many more have died in UK than would otherwise, split between CV19 and non CV. under lockdown.

I don't know to what extent the red shaded [non-Covid deaths area] figures have been compiled from known causes; the ONS keeps registers of suicides for example.
Assuming they all are, then obviously/implicitly the numbers above the red line and below the blue are CV19 - whether they have all been picked up in the registered figures or nay.

Of course, this is only a starting point.
For one thing there's the matter of who is dying and why.
As you point out, the great majority of CV deaths are elderly - like above 80, rather than 50.
Of the younger fatalities, in the great main they suffer from serious "co-morbidities".
Some surprises, such as obesity a much greater 'risk' than smoking.
Whatever, the tough question ought to be answered:
What are the av. life expectancies/qualities of the highest risk cohorts??

Put crudely, it seems a poor trade off for say 100 with decades left in them to
die due to lockdown etc duress, in order to 'save' say 300 with less than a year
to go and in great main decrepit or seriously ill.
Though as said above, the trade off won't actually be anything like so clear cut.
Indeed, over a longer period of time, more and more of the 'excess' deaths not caused directly by
CV19 are likely to result from a 'crowding out' effect upon very over strained health resources, like cancelled scans etc or treatments even for serious illnesses; there will be typically months of lag before these show up in mortality stats. Some of these deaths, like for some cancers, will have been preventable and several or more years of quality life denied.
The incidence of such deaths is of course exacerbated by weaker countermeasures against CV19 rather than reduced by relaxation of them.

Surely though, as we gradually achieve effective, comprehensive test-trace-isolate capability and further advances/availability of PPE, palliatives and more...our government [as elsewhere] may choose to take a more measured, flexible and focused approach as to the counter measures it implements.
Clearly, the potential for much reduced levels of economic/social damage/disruption versus the current lockdown is emerging and rapidly.

Just for one other thing: If care homes could be more effectively isolated + vulnerable people elsewhere assisted more safely in their homes, the blue line on that graph would come in a lot lower than otherwise.

[riggerbeautz] 11/6/2020 23:05

Wan my trade was 125k mid afternoon.

Meantime, I know the good folk of Lebanon probably wish they held more precious metals, bet a good few Lebanese pounds the wealthy elite in country do, as well as a few dollars no doubt.

[doc_oj] 11/6/2020 23:02

I too believe the worst is yet to come but I do believe the markets are hugely manipulated as well so I am not cashing out. You never know when the tide will turn. Ok im not clever enough to predict numbers but what I do know is solid companies will come out of it. So buy the dips will be my strategy. I rightly or wrongly am still of the opinion that a continued fall this time will be different to the earlier in that everything is not going to go down equally.

[piperpeter] 11/6/2020 22:54

Brasso3, do you, perhaps, have any idea how much of their own money each CEO have put into their current companies? Only I thought I heard mention that Peter has already put 60 million of his own money into his current company. Not sure whether that's sterling or dollars. Can Leo match that sum?

Pp.

[wimbled] 11/6/2020 22:53

Ilos..............this is for you

When gold haters turn to gold bugs and more importantly provide an explanation to their understanding.

This is the moment and here is the links to excellent interview

[brasso3] 11/6/2020 22:48

Leo Koot is top drawer IMO. When he left Sterling Energy the whole workforce clapped as he left the building for the final time.

Pete Levine has taken PPC from 98p to 1.5p. Make your mind up.

[piperpeter] 11/6/2020 22:44

Is Leo better than Peter?

Pp.

[polaris] 11/6/2020 22:41

Again - apologies for the O/T post...it got longer than i planned originally.

mf - the DOW was due a correction as it was clearly overbought. Indeed the falls over last 36 hours are not end of the world stuff in themselves. However, this now pretty much forces the hand of the US into more stimulus.

This is about confidence going forward. The stock market is still assuming a V-shaped recovery in terms of valuations. Everything suggests that this requires the peak of Covid-19 to be done and dusted. The numbers are creeping up again in the US, as they reopen. Many states hadn't even reached the perceived peak. The US does a lot of day to day trade across the border with Mexico, where it's not looking too clever. Despite the border being closed to non-essential travel, this does not apply to trade. Many countries are not even close to the peak of cases. This has a long way to go before it's played out.

Everyone in the UK is assuming that we are out of danger. All the calls now are when do we fully reopen? I want to go to the pub. We don't need 2 m social distancing...etc... Also, let's start pointing the finger at who to blame for all of this and then move on to the next newsworthy items: the inequality marches, job losses, how any of us get back to normal working life, kids back to school and wanting to go on holiday. 10 weeks ago everyone was clapping the heroes of the NHS, now it is stories about increased waiting lists and people with cancer not getting appointments. The NHS staff need time to recover but too many people easily forget.

The economic damage is already done. In the background, huge stimulus packages to keep the plates spinning and push the nightmare scenario a little further down the road. How many of the people on furlough will have a job to go back to? What will the impact be short term? How long will it last? What happens next winter in the Northern hemisphere? When will a vaccine be available? The questions add up and no-one has sensible answers to them at this point in time.

The total number of deaths will be relatively low, as a function of the world population, weighted heavily towards the older generations in first world countries. ONS figures show 98 % of deaths registered in England & Wales are over 50. That doesn't help if you are one of those victims or a family member succumbs. The pain and loss are real. The economic fallout...that is the big unknown and may end up indirectly responsible for a lot more deaths than the actual virus.

It's a mess out there. I doubt i'll be back in the office full-time until sometime next year, if at all. We are aiming for up to 30 % of staff onsite in rotation, requiring all sorts of logistical nightmares as we move through H2. Site passes are revoked for now until you have a written invitation to return to site, perform all the necessary retraining and learn the new ways of working and moving around site. Then an office must be empty for 72 hours and thoroughly cleaned until a co-worker can occupy it. Tasks that need to be performed in the office/labs must be approved and carefully planned to avoid unnecessary contact with others. We usually have a few thousand people visit site to perform experiments each year. That isn't possible now. Science will suffer, our efficiency will drop and we will only perform a subset of planned experimental work. This will be repeated across academia and industry. Schedules for programmed work are screwed. We can't do a lot of work that require larger teams. Our suppliers are in similar situations. Then how do we get the stuff from site A to B?

Jobs will go and there will be anger, on many levels. Just think of the supply chain knock-on effects for the airline business alone, with their announced cuts. Then what about airports and their support/supply chains? Restaurants, hotels, transport...

The only get out clause to return to some sort of normality is a vaccine. That will take time, despite the valiant work underway across the world. So yes, i still believe the worst of this is yet to come, the indirect fallout.

[brasso3] 11/6/2020 22:40

You are a strange one PP!

CERP have 12m P2 reserves and 550 BOPD production. Bare in mind they operate in a safe jurisdiction (Trinidad) and not a basket case like Argentina before constructing your next post!

[wanobi] 11/6/2020 22:40

AA. thanx for the heads up Rb,,, I considered selling, but held fast :-) Cheers Wan :-)

[piperpeter] 11/6/2020 22:33

Re CERP, Brasso3.

As the offer values CERP at GBP25.1 million it would be useful to have a 2P reserves number to make some kind of a ballpark assessment of the value of the oil in the ground per barrel. Would you agree?

Pp.

[ilostthelot] 11/6/2020 22:30

Volatility is back

[brasso3] 11/6/2020 22:27

Wan

I am sure the US government have some fake news ready for this drop to prop up the markets. Maybe some mention of US-China trade talks moving to phase 2. lol

[ilostthelot] 11/6/2020 22:25

Wimbled.


Gold stocks will fall in a market sell off. I've yet to see real divergence from a large market move downwards and gold miners bucking the trend.

Yet everytime there is a sell off, someone suggests this time will be different.
It won't be.

All, good, bad and ugly stocks will fall with the wider market imho.

[wanobi] 11/6/2020 22:25

thanx for all your posts today guys,,, I switched my screen off hours ago to take a break from the falls,,,, I have, rightly or wrongly held fast, not sold anything,,, as I think,,, and obviously I could be wrong,,, that right now we are seeing an overdue correction and not the start of a major crash,,, famous last words again Wan LOL,,, so,,, I now wait to see if I am right or wrong or not,,,, might be a bounce tomorrow, might not :-) LOL,,, oh what a game this is :-),,,, sleep well all and let's see what tomorrow brings :-) Cheers Wan :-)


free stock charts from uk.advfn.com

as per my post 21396 earlier,,,,

Steven Mnuchin (US Treasury Secretary) saying the USA cannot shut the economy down again,,, see another 1T$ pumped into the economy and he's happy to go back to congress to get even more money to support the US workers,,,, he's looking for a big rebound in Q3..... and that's with cv-19 numbers rising I hear in at least 11 US states!!! YIKES,,, they are going post covid after all,,,,, but, even with covid getting worse.... nothing can stand in the way of the yanks desire to make money :-),,,,, or should I say,,,, print money LOL,,,, incredible,,, GLA Cheers Wan :-)

the US will do anything to keep the markets going up :-)

[brasso3] 11/6/2020 22:24

I can't remember off the top of my head but the reserves are big relative to the production.

[brasso3] 11/6/2020 22:23

The US markets will bounce tomorrow. It happens every time after a day like this.