Anglo Asian Mining Share Discussion Threads

[mattjos] 22/7/2020 10:57

land, real estate, death duties, salaries, current tax rebates & the like .. these are all sitting ducks for governments to grab a part of in their efforts to pay for all this additional debt.

Look at what Putin has already done in Russia to find the CV-19 relief efforts - a 13% tax on interest received on cash deposits greater than $12,500.

He can at least do that in Russia where Central Bank Interest Rate is 5.5% …. that is fruitless exercise in UK, Europe, USA where rates are already at Zero so, our governments will be going after other things.

Gold is fungible the world over, it is transportable and much easier to hide than the fiat currency equivalent in note form. People are absolutely going to be buying Gold as insurance and the higher the price rises, the greater the perceived threat so, the buying will only intensify in response … gold is now in a positively reinforcing feedback loop & that's why I believe it will keep rising for the foreseeable future.

I cannot see how the UK government can / will be able to confiscate Shares from individuals .. for sure they will remove things such as the higher rate tax incentive on pension contributions and they will probably remove the Pension triple-lock but, I do not see how they can 'skin' shares from people.
Shares represent fractional ownership of a company, a separate legal entity & that entity may not even be domiciled in the UK. The UK government is not going to want the ballsache of being a fractional owner of hundreds of listed & private companies - that is a complete nightmare and totally unmanageable so, I believe there is sanctuary in listed equities for the PI & gold mining shares offer both safety and the opportunity for capital appreciation whilst all else is being skinned by governments

[gold finger 1] 22/7/2020 10:52

The thing is Cinoib i only post where i hold.
Best you have me on filter, it sounds like it's not good for your blood pressure reading my comments.
Your comments here have been irrelevant for many months now.

[mad foetus] 22/7/2020 10:37

Cinoib If Conroy was a well run company it would have moved into production long ago. The reason AAZ can add value is precisely because the current management don't know how to. CGNR didn't sell 55% of the company for peanuts because they wanted peanuts, but because they wanted AAZ's experience and expertise in bringing assets into production without massive dilution

[bonio10000] 22/7/2020 10:33

37878

If that is the case then why hold gold?

I'll take my chances.

[bleepy] 22/7/2020 10:31

H1 exploration due next and already we’ve been given a snippet...

It is anticipated underground mining of Gedabek ore will begin in Q4 2020. A new portal has been opened and a new decline is being constructed of approximately 500 metres to access the high-grade extension of the ore body under the main open pit. This is some 2/3 yrs earlier than projected again demonstrating their ability to fast track from exploration to production.

Adding to high grade ore from Gedabek u/g Q4, 100,000 tonnes of previously heap leached ore containing gold grades greater than two grammes per tonne has been identified and will be recovered from the old heaps and retreated by agitation leaching in H2 2020.

A number of ore bodies have been identified crossing the boundaries of the Gedabek acreage which entitles Aaz access to explore and mine these continuations. Had crossed my mind if Aaz and azergold share the same ore body then it would certainly involve govt discussions to resolve.

Regarding psa extension, the only prospect due for renewal is Gedabek open pit as all other prospects have long lead times. The application for psa extensions are formality and under the agreement 2x5yrs is the next stage.

5 new discoveries announced leaving a further 27 exploration targets on the ZTEM programme to be explored.

Last Qtr saw production from Gosha u/g mine with exploration looking promising to extend the mine. Exploration ongoing targeting other areas of Gosha.

Ordubad with $1.25m already spent on exploration is another jewel that Aaz are engaged in.


Not forgetting the jorc updates expected end of this Q3.

[ilostthelot] 22/7/2020 10:23

Mattjos22 Jul '20 - 10:15 - 37875 of 37877

Bang on!

[katsy] 22/7/2020 10:23

Conroy shareholders obviously like the deal, up 15% today..

[11_percent] 22/7/2020 10:22

Its ok, I have other dealing accounts.....its just a bit of a pest.

[ilostthelot] 22/7/2020 10:21

Silver has also broken out of a multi year consolidation.

I plan on trading it now it has broken out - buying the dips.

Reckon we'll see silver playing catch up now.
$100 per oz of silver anyone?

[mattjos] 22/7/2020 10:15

Gold is setting up for a BIG, BIG 9 year bowl pattern with $1,900'ish as the Left & (soon) Right hand peaks.
There will inevitably be consolidation at $1,900 after the first run up this year to that level, before it goes again and breaks that level.
Everyone is going to buy that new ATH when it is confirmed and that additional buying energy + the underlying energy form such a large & powerful bowl is going to propel Gold much, much faster than people currently predict.

Personally, I think people are plain daft if they don't have significant exposure to the Gold sector right now.

some of these Gold miners are going to be racking up cash in an almost embarrassing fashion & Dividends are going to be very significant & so too M&A Activity

[bonio10000] 22/7/2020 10:12

If it hits $2,650 I will be retired and my AAZ will be as relevant to me as the Irish option.

[mattjos] 22/7/2020 10:08

Thanks Brasso … the chart has consistently done pretty much exactly as I expected ever since the 2015 lows were confirmed & this mnore recent move is a clear break upwards from a rising wedge - for me this says Gold is now running on a higher gear and this new higher rate of upward momentum will continue.

$2,650 is still the destination as far as I am concerned, both traditional TA and EW theory arrive at the same destination. I cant comment on when that will be reached exactly but, reasonably comfortable that it will be quicker than many people currently forecast

[wanobi] 22/7/2020 10:00

aha,, I see, that makes sense as mine is not in drawdown, thanx for clarification 11%, sorry to hear its caused you a problem today, cheers Wan :-)

[11_percent] 22/7/2020 09:58

H-L website

Called them.....its down for people with a SIPP in drawdown.

[gold finger 1] 22/7/2020 09:57

It seems that some new posters have turned up,along with those that have sold to just find any negative they can to post.
Conroy have spent many years looking for gold they say, they have diluted their shareholders to death, they would not touch them with a barge pole. Well some say they did and got burnt it seems.

Well yes we can see their history. They are pot less fact. Why do you think we have got in at such a good price. Look at AAZ a few years ago, 4p a share, they were lucky they had someone to loan them 4m.Conroy have been living from hand to mouth for years. This is a good deal for both. For them 45% of something,is better than more dilution and possibly nothing.

Nothing in life is certain, spending a few million could be the best deal AAZ have ever made,time will tell. But the management would have done their homework,that for sure.

Its better to use that money in the bank,than having it sat there doing nothing.AIMO.

[jeanesy] 22/7/2020 09:42

Looks like Ppm's are heading down this morning after there overnight rise. I see that the price of silver was up over 22.5 but now down to 21.5 now. Gold didn't rise that much and now the silver to gold ratio has closed somewhat as some on here said it would. Price of copper taking a bit of a bashing after its recent rises.

[brasso3] 22/7/2020 09:33

Matt

I have to compliment you on your gold price charting over the years. You have nailed it!

[lefrene] 22/7/2020 09:19

Katsy, 100k ounces a year for 48 years, or whichever way you'd like to cut it, this deal is a banker for decades to come. Widows and orphans roll up roll up, here's a meal ticket for the rest of your days.

[mad foetus] 22/7/2020 09:18

The implication seems to be that if AAZ can't make it work nobody can. If we spend 2m and then walk away with pog so strong nobody else will try so there's a huge incentive for Conroy to make this work

[mad foetus] 22/7/2020 09:11

A lot of people seem to be complaining because AAZ has paid the equivalent of a small amount for a building plot. With the price of gold strong, a project close to production would have been multiple times more expensive The key issue in Ireland is likely to be environmental permits but the company will know that. It changes little right now but clearly has potential. Patience will be rewarded here, though possibly not as quickly as elsewhere! PXC doing the business this week!

[sharekitchen1974] 22/7/2020 09:10

Much more to come hear once the JV is completed. Also note that AAZ are in charge of management in the new JV which is a plus pointA management committee with equal representation from both Anglo Asian and Conroy Gold will be established to run the three Joint Venture Companies. Final control of the management committee shall in principle rest with Anglo Asian until either Anglo Asian does not proceed to, or does not complete, the Secondary Expenditure stage.

[katsy] 22/7/2020 09:04

"$5 Billion worth of gross profit"

Blimey lefrene that's what you call positive thinking. Hurry hurry £20 notes going for £1.3