Anglo Asian Mining Share Discussion Threads

[bleepy] 21/7/2020 23:27

@goldrush

The same thought had crossed my mind...

[podgyted] 21/7/2020 22:56

A long time in resource investing has taught me never to invest in EU mine projects - they either spend years being blocked or spend years being suspended for ecological issues after finally being given the go ahead (even when in production).

AAZ built this up as a good news story - market has passed judgement - for once I agree with the market.

The possibilities in its home market are WAY BETTER than this - this will divert management time which is not good.

This was a PR disaster - I continue to question whether management here know how to handle financial PR and this is another nail in the coffin.

They have one final chance with me - the H1 deveopment RNS - if they mess that up as well, I'll take my money elsewhere.

Today was pitiful.

[walter walcarpets] 21/7/2020 22:27

ODR: thanks - looks very interesting. Red Lake area very hot atm

[brasso3] 21/7/2020 22:16

I will be more worried about money in the banks like RBS, BARC, HSBC etc

[pogue] 21/7/2020 22:16

Beans and shotgun cartridges

[swallowsflysouth] 21/7/2020 22:14

Someone posted on here a while back a article regarding what might happen if pog went to $3000, i think the poster was Wan. The gist of the article was that for pog to go to $3000 then the global financial situation would be dire and governments will be desperate, so look out pm mines for the greedy grasping fingers of local governments and corrupt officials. Some countries are safer than others, but will anywhere be truly safe when pog is $3000 ? In any case what are you suppose to do with your money ? What are the safest investment(s) ?

[goldrush] 21/7/2020 22:10

I would not be surprised if another J/V pitches up in Georgia !!

Ordubad J/V hopefully is in the works....seems logical

Remember we want to get to mid-tier status....

[stockchoice99] 21/7/2020 22:02

hopefully a better day tomorrow

will be topping up with my dividend a week thursday

[saturdaygirl] 21/7/2020 20:56

Great looking Dragonfly Doji on the the Dow ... will it go plop

[riggerbeautz] 21/7/2020 20:49

Pogue I hear you but I hope neither of your last line come true, many a pensioner will despair and a barter economy will most likely open up.

Only have to see how much business charity shops do for next to nothing, drive past any car boot, see flea bay to realise most folks can’t compete with “normal” market pricing, yet alone digital. Most of my elderly relatives would have nightmares, be like Mad Max and bartertown to them.

Pof fair play, I was quite sceptical given the rise but I’m warming to PXC, you’re entitled to your comments as the points are being validated.

[onedayrodders] 21/7/2020 20:41

Hi all

Excellent Gold explorer opportunity ... Newrange Gold Corp 0.29c (NRG:TSX) is on the cusp of drilling results in the prolific state and safe jurisdiction of Nevada.

Superb summary ..



Appetite over the pond far more stronger for PM miners

ODR

[pantsonfire] 21/7/2020 20:10

Good evening guys, you're most likely getting bored with me raising PXC to you, week after week, but since it has gone up by about 300% since I first mentioned it here, I think I have earned the right.
I am close to management, so that's maybe why I am a believer. I have talked through the way to production, and believe that they have it mapped out, without dilution, or significant financial loss to the investors.
I believe that we have the opportunity to reach a multiple of 3 within months, if not weeks. And many multiples beyond that in short time, maybe 1-2 years. I believe this after reading through the documents, and then talking to management, as anyone here can do. Again, I urge anyone to call to a director listed on the RNS's, and ask for their opinion of how they will proceed, finance, technical, whatever you like. I have done that myself.
They have had different researches, and all say they should be priced higher than they are, one by multiples. They have a silver mine, which should increase the share price by 6p for every $1 increase in silver price, and that's ignoring the gold mine in their calculations. If we include that, and look forward, the future is very, very optimistic.
I've told you before, the price will rise. The results are due for Red Star very shortly, and which I suspect will be mind blowing.
It's entirely your decision, of course, which should be made based on your own research.
Good luck guys. I think onedayrodders will be proved correct that this is the share of the week! I myself say, this is the share of the year!

[gary hindsight] 21/7/2020 20:02

Personally I am totally against buy backs. So many cases of companies spending multiple millions with no impact whatsoever. Of course mathematically it should increase the price but price is driven by market and sentiment be it country risk company risk or sector and does not go up according to the number of shares bought backReduced number of shares also reduces liquidityIf they want to spend the war chest as a return to shareholders then Increasing dividend is far simpler and at least gives each holder the choice if he wants to re-invest in more shares and importantly the choice of what day to do it on

[pogue] 21/7/2020 19:29

RB
it will that is why the BoE want it and it will happen as we will agree to it. I was working away for a while in Europe came back to UK and in the space of 1 year everywhere I went everyone was paying by tap and go, I felt odd taking out cash, this pandemic has moved it forward as well with shops not taking cash and online shopping becoming the norm. A few more years and eventually you will have a premium to pay cash then ATMs will shut down and cash is gone. They will come up with some way of chipping the poor so they don't have to have a bank account and just wave their arm at a scanner and that's it.
I may have to leave the country then or maybe too far gone with dementia to care that the state has all my cash.

[riggerbeautz] 21/7/2020 19:19

Pogue if everything goes digital the elite will have full control, that will be a bad day for many.

[wanobi] 21/7/2020 19:14

pogue, post 22932, "why go for a mine so far from producing, 4 years is a long time",,,,, I can only repeat my post of this morning :-) cheers Wan :-)

wanobi
21 Jul '20 - 08:00 - 22892 of 22935

seems to be a lot of old guys involved in all this (no offence to them for that LOL),,, but does make one wonder if this whole thing has been arranged for a bigger fish to come along and swallow up the whole shebang Rb :-) Cheers Wan :-)

[pogue] 21/7/2020 19:12

Brasso
I know where the path leads but at $3000/oz the $ is dead we may not even be pricing gold in $s then. The world will be in ruins and I don't think we will go that far though what is going to stop us is not something I can see at the moment as it will have to be a politician and there are no good ones out there right now.
Regards crypto the BoE has already muted that is where we are going I read an article the other day, cant remember where, where it was suggested a slow weaning of people from banknotes will happen and to be fair it is already. I dont think it will be BitCoin though.

[riggerbeautz] 21/7/2020 19:06

Walter yes I bought Adriatic early Jan as there was disparity between the ASX and LSE price, I think the list here doesn’t attract much attention, don’t even think there is a discussion board here. Anyway I made money and moved on, looks like they are throwing a bit of confetti around which probably explains why they dual listed.

As for the rights or wrongs of AAZ going into the Emerald Isle, Conroy has probably sought to peddle his wares a different way but it really is loose change. Right now though I think whatever AAZ do, unless it moves the price, people are going to criticise.

Silver meantime on a march, so turning out a good week. Nice to see PXC going the right way too.

[brasso3] 21/7/2020 19:05

Pogue

I think those kind of prices are certain its just the time frame that is not easy to predict. The money printing is on a completely different scale to 2008 - 2011 so the inflation will also be on a different scale. When you see images of politicians proudly unveiling these new stimulus packages it does make you feel a bit angry as the wider audience have no clue what is going on.

As you know, I am a big fan of crypto and the only way governments can stop BTC is by adopting a gold standard. There is no other way to stop it. That would mean gold prices more like $5,000 - $10,000.

[pogue] 21/7/2020 18:56

Yes its 2 million up front to do the testing very softly, softly as I said don't see AAZ management as mugs but why go for a mine so far from producing, 4 years is a long time for the gold price to keep going up and staying up so its wasting management time, if not much money. Get something that needs a few $ more to get to production and you cash in on the gold price, will cost you more but more guarantee of a profit. Look at PUR rising like a rocket as production approaches in a high price gold market.
Cant see the logic in the deal.

[brasso3] 21/7/2020 18:51

AAZ are taking a very cheap bet that once gold reaches $2000 - $3000 / oz the environmentalists and bunny huggers will no longer be able to stand in the way of progress especially during a hard recession.

[wanobi] 21/7/2020 18:40

thanx pogue, I guess that's why AAZ is investing a small amount to do further testing to satisfy themselves before going too far,,,,, is the way I read it,,,, have I got that right ? Cheers Wan :-)