Anglo Asian Mining Share Discussion Threads

[riggerbeautz] 15/6/2020 16:38

Wan big boys coming to the table in AA. again.

[wanobi] 15/6/2020 16:35

big big shake today jbe :-),,, I'm holding firm with my free ride shares,,, I should have waited for the GAP,,, before adding to them,,,, but, I am scaling back in again so all's good so far :-) but, but, but,,, I keep doing the same thing!!!,,, I see the GAP and then buy anyway,,, LOL,,, note to self,,,,, Wan, practise what you preach and let the price come to you from now on !!!!! always, always, always respect the GAP's..... GLA Holders,,, Cheers Wan :-)

[fozzie] 15/6/2020 16:35

Order filled at 99.5p on AVCT, very surprised to get them, fingers crossed they bounce from here.

[jbe81] 15/6/2020 16:26

Taking your profits on AVCT doesn't look like such a bad call now Wan,thought it looked cheap at 1.10 today!

[wanobi] 15/6/2020 16:16

TXP - he's back :-) LOL,,, go on Paul my son :-) Cheers Wan :-)

[lefrene] 15/6/2020 15:38

Bo Doodak, I don't think we have ever before had the FED buying up the market by using Blackrock as its agent. My guess would be that anyone with the least foresight would be taking advantage of this largesse and selling into it, because we seem to be heading for a situation where the US government will own a huge slice of a market in which a high percentage of the constituents are insolvent.

It would seem probable that the government will then prop up these zombie companies with yet more created money, perhaps for many years. But of course the most important thing is to keep the plates spinning until past the election, hoping to get their man in, and grab another slice of the pie.

The mess is so huge that it is baffling.

[bo doodak] 15/6/2020 15:10

Lefrene, concur with most of what you say. Its going to an interesting next couple of years. As you say, the leveraging is very probably much reduced, but I just can't shake the nagging feeling (being naturally cautious) that we (and most GM's) will have to stomach one last sizeable sell off, but hope I am wrong.

In essence I'm thinking it'll be dependent crucially on how sharp the coming next general market decline actually is. I believe its going to be another severe shock as there is still so much complacency and blinkerdness everywhere.

[lefrene] 15/6/2020 14:47

Bo Doodak, I believe the earlier crash across the board was due to a dash for cash by people using leverage, who sold whatever they could to raise cash to cover their open positions. I presume that risky over leveraging behaviour is now greatly reduced, or at least so amongst private share holders. I take the view that we are now in a grinding phase where anything that shows signs of increasing weakness, will get worn down as weak balance sheets and declining turnover become unwanted. Good old fashioned value will be wanted. AAZ has it, although the market seems reluctant to recognise it.

[onedayrodders] 15/6/2020 14:42

Defo strange feeling about today and these markets

[kickingking] 15/6/2020 14:23

Good afternoon all. Today is day for strong stomachs. You would have thought gold would have a stronger backbone. Bwana I tried your recipe, that sure hits the back of the throat with a vengeance. Thanks everyone else with gut recipes. My guts are fine, I just was intrigued to try his recipe as his says it has kept him well. Back to the markets, I think we are all feeling pain today. I sent an email to the AAZ advisor telling them to sort the spread and to earn their salary. I don't think I will get a reply. Wan remember why you first invested in AVCT, covid is just a side show. GLA.

[onedayrodders] 15/6/2020 14:23

yeah .. I don't see another crash but I do see a prolonged bear market where March lows WILL be taken out in global stock markets over time, espectially the DOW.
Over 1-2 years IMHO.

The painfully long process may help the cream to stay at the top instead on being dragged down in the tentacles of the printed money fake DOW.

FED can only temporarily boost or maintain sideways moves and that wont last long.

There has to be a cost to printing money out of thin air otherwise why not just print £200k a year for everyone right ?

[wanobi] 15/6/2020 14:06

AAZ MM's default is to knock the share price hard on the slightest selling pressure,,, look at the volume today,, it's tiny,, but I bet a few more sells at the bid will be at 115p before you blink :-),,, tis the way the game is played with AAZ shares :-),, we see it over and over again LOL LOL Cheers Wan :-)

[wanobi] 15/6/2020 14:02

Gold has been range bound for a while now,,, I wouldn't read too much into it right now,,, also the sell off last week and today,,, again I'm not convinced it's going to get to where we went first time around with cv19 & lock-downs and so on,,, as I said earlier, basically the market knows that GOV's everywhere will support in whatever way they have to and when then do the market goes up,,, obs I could be completely wrong, but that's my take on it fwiw :-) GLA Cheers Wan :-)


free stock charts from uk.advfn.com

[riggerbeautz] 15/6/2020 13:58

My bet is bullion dealers will see increased order levels.

[onedayrodders] 15/6/2020 13:54

jeanesy
15 Jun '20 - 11:33 - 21563 of 21569

Thinking the same jeanesey ... DOW Futures tanked but they appear to have thrown Gold out with the bath water too. Last time that happened was the big March falls wheh nothing survived.

Surprised to see Gold again get caught up in that.. has to disconnect at some point.

lets see what happens over in lala ponzi land and the DOW later.

ODR

[jeanesy] 15/6/2020 13:47

It looks to me that POG is heading sub 1700 again so i think gold stocks could be heading lower short term fozzie, im sorry to say.

[bo doodak] 15/6/2020 13:44

Dow futures unpromising, maybe likely we are gearing up to have a snap revisitation of our lows in the near future

[lefrene] 15/6/2020 13:19

I notice commodities are down across the board today, and not just precious metals.

A bit of news that would lift this out of the silly cheap category, wouldn't go amiss.

[terropol] 15/6/2020 12:51

Good afternoon DozyDuck, we have all taken your point. Now lets all move on. We all have our investment ideas and we all stick by it.
No need to keep waisting your time posting the same story.

[fozzie] 15/6/2020 12:45

Why aren't my gold stocks rising today? I have put over the last 6 months a fair chunk of my portfolio into gold stocks but I have to say that their combined contribution thus far has been distinctly underwhelming.

[stepaside] 15/6/2020 12:44

What price would you deem to be fair?

[dozyduck] 15/6/2020 12:43

Filter away. Filter away ! Just means AAZ will hold up that little bit longer while those who can understand why this is too expensive can sell before you eventually do.

[sharekitchen1974] 15/6/2020 12:39

High volume move lower lol

[king suarez] 15/6/2020 12:39

Wan,

Not much new info in that TXP rns AFAICS but the news gets more and more exciting and having 3rd party verification of what they have found is v positive.

They tested 2 zones so far at Cascadura, both with over 5k boe/d flow rates (upper and lower zones).

I may be wrong, but I interpret this comment to be that the recorder data and AOFP modelling has given them confidence to predict a greater initial flow rate than initially?

"Analysis of the data supports an initial gross production rate of 40 to 50 MMcf/d with an estimated 1,100 to 1,400 bbls/d of condensate (net production rate of approximately 6,200 to 7,760 boe/d). This initial estimated production rate is based upon the AOFP modeling performed following analysis of the flow and buildup pressure data. Touchstone will design the production and surface facilities to meet these initial production capabilities. These rates reflect the well production from the upper interval (test two), with the lower interval (test one) initially isolated, as per the current well configuration."

If you look at the flow test results, both upper and lower intervals were around 25mmcf/d each, but the above statement suggests they plan to initially put just the upper one on production at 40-50mmcf/d?

If right, that suggests even more upside if they decide to do one or more additional production drills into Cascadura?