Anglo Asian Mining Share Discussion Threads

[pantsonfire] 22/6/2020 20:38

Sorry, Bumpa, our messages crossed. I don't mean to be agressive, and I comment that this has been the most friendly board I've ever found, and would not wish to change that. I am the outsider, not you, and I feel like a guest here. Please accept my genuine humble apologies for any offence I may have caused. Let's chat positively. I focused on OXS, and not WHI. My knowledge there is zero, to be honest, so I obviously touched a raw nerve. Sorry.

[goldrush] 22/6/2020 20:36

Bumpa33

I hear you about WHI....and that is why I mentioned the Hardman Broker Note.

And we both agree let's see what the drill says.

All the best
g

[pantsonfire] 22/6/2020 20:32

I had a good laugh when I read your response. "Unlucky". I always remember a message I was taught when I was young. "Isn't it funny how the harder I work the luckier I get." I learned that the hard way with OXS. A gold mine in Uzbekistan. Producing a steady flow of gold bars out of the country. No one would want to steal that, would they? In retrospect, I should have known better. Now why didn't I just investigate and understand the risk properly?
With PXC, I have made detailed research. I'm determined not to make the same mistake twice.
So when you say "unlucky" it has a different meaning to me. I say now, not unlucky, but I did not do enough research, and I blame myself.....
Now you define it your way, and I'll define it mine... But I've learned, and I'm investing in PXC because I believe they have looked through the risks, I've done the research, and I think PXC is going to be a winner.
May I suggest you look again? You may find it pays you back for your losses at OXS? (If you're lucky).

[bumpa33] 22/6/2020 20:17

Goldrush - I remember the Oxus story well, I recall that no one sane gave them a cat in hells chance of winning arbitration - in no small part due to the Uzbeks doing exactly the same thing to Newmont a few years prior. Some made good money ramping the hell out of the share in the interim period between arbitration starting and the final $10m award nailing the coffin shut on OXS.


Let’s see what the drill says.

[goldrush] 22/6/2020 19:55

Bumpa33

Before I invested in PXC I talked the OXS problems through with the Directors. It became very apparent why they decided to put PXC together in Idaho. I had some searching questions with the CFO Luckily I was not invested in OXS but I could use this experience to ensure to me that the main failings in OXS would not happen again.

I have been invested in PXC for a couple of years and there have been one or two small glitches along the road but they cannot be blamed for the price falling out of the copper market.

They now have a driving force in the USA, the Chief Executive Ryan McDermott, a local professional miner, who has good links in the community, who found the property in the first place and is the company geologist. He has also brought in an impressive environmental specialist who is again a well connected local person. He has the company primed IMHO.

As regards WHI, Hardman also prepared a Broker Note.This was done by Paul Mylchcreest, who has also done 2 for AAZ. He is one of the better analysts around and many of us like what he has done for AAZ.

They raised extra money recently to expand the drill program following indications that Ryan and the Team liked what they were seeing.

It is now up to the drilling results on Red Star to have followed the vein and show us what they have, and then to fast track development. Again IMHO.

[bumpa33] 22/6/2020 19:21

I said they were unlucky, unless the definition of unlucky has changed since I last looked, I’m guessing it still means, well - unlucky.

[pantsonfire] 22/6/2020 17:37

bumpa, you condemn OXS, but do not give the whole picture. I was also a large shareholder in OXS, and did lose a lot of money there. But the directors were most certainly not to blame, since the company was stolen from them by the government of Uzbekistan. Indeed the directors came out very well in the administrator's report, and clear of any fault. Before the theft happened, they moved the share price up from 5p to 70p, or so, from memory. That was incredible to do in the region. Only 2 of the directors from OXS are on the board of PXC. Now you know the reason that the jurisdiction is so important to us shareholders (and the BoD), as we do not want another repeat. I think the most telling thing about this question is that many of us shareholders from OXS continue to believe in these people, and are again invested heavily. I am there, and I believe Zaphod is another. Please post your question on PCX and see the feedback you will get. But if you have specific complaints against anyone, then please post it, so we can hear. If you have any other question about OXS, I'll try to help.

[bumpa33] 22/6/2020 17:03

ODR - hence my ‘unlucky’; comment.

Let’s leave it at that, if they come up with great grades, then all well and good.

[onedayrodders] 22/6/2020 16:57

Bumpa .. although it didn't end well for Oxus from memory didn't the share price spectacularly multi bag before regional politics tripped them up which is always a risk whoever you are.

And current PXC project is in Idaho USA, so different ball game altogether.

[gutterhead] 22/6/2020 16:46

Gold at $1760. yum yum.....

[jaspoland] 22/6/2020 16:27

GF1 "What the share did between 2016 -2018 has nothing to do with it"

I think you'll find that isn't true. What happened in those 2 years set many of us up for life.

Now if you know of a gold share that has debts and is able to produce gold with good margins and are increasing their production I suggest you invest because they will benefit more from gold rising than AAZ. That is why POG has been a better investment over the last year compared to AAZ and may continue to be over the following year as well.

[gutterhead] 22/6/2020 16:24

you've got until 5 today to submit your questions for tomorrow-via aaz website

[donald pond] 22/6/2020 16:22

I hear you bumps, but I keep hearing that there is a big gold resource there which can be used to finance the copper...who knows

[lefrene] 22/6/2020 16:16

Cinoib, whilst I understand some of your feelings towards the USA, I certainly do not relish a world where China is in control. They won't tolerate somebody looking into their eyes. China plainly has a plan and it seems to be working, meanwhile greedy careless yanks just blew up their economy again, but ironically thanks to China they have a virus to provide the smoke screen.

I suppose eventually whatever impediment is holding this back will give way and a sensible value will apply.

[gold finger 1] 22/6/2020 16:11

jaspoland

What the share did between 2016 -2018 has nothing to do with it.
AT the summer of 2018 gold was $1180 an ounce. The gold bull run started not long after that.
As you say with POG, its more than doubled since the start of this year, why. Because of the price of gold.
There is no reality for AAZ to be priced so low.
I am just amazed other people can't seem to see it.

[donald pond] 22/6/2020 15:58

I've bought a little bit of PXC. Keep hearing positive noises, lets hope its not hot air.

[mattjos] 22/6/2020 15:58

& still there are some folk selling these today! At least Bashirov had a compelling reason to do so but, i doubt any of today's sellers have such reasons.

[jeanesy] 22/6/2020 15:28

Getting it right today so far :)

[ilostthelot] 22/6/2020 15:25

I hope you're right about some news tomorrow mad Foetus. Any sniff of good news, with gold and the chart where it is, could mean an explosive move up..
We're long over due a correction to the upside. Imho

[11_percent] 22/6/2020 15:25

Gold and silver looking a bit lively.