Anglo Asian Mining Share Discussion Threads

[bleepy] 24/7/2020 08:24

And we have another ingredient in the cake mix, CGNR. Massive potential in Ireland to mirror or better the ambitions and success achieved in Azerbaijan.

Onwards and upwards as we await exploration news(next week), jorc updates and interims in Sept.

Stephen Westhead stating in recent video that drilling going well at new discovery sites.

[lottsgold] 24/7/2020 08:18

TSG figures do look very positive, its been struggling to break out for ages, if it does should be a nice move.

[mad foetus] 24/7/2020 08:10

Sold my GMR and added to PXC. EKF and TSG off to good starts

[lottsgold] 24/7/2020 08:04

Thanks Rigz,I'll do a bit more reading, if there's value there which at first glance it looks as though there is I'll dip a toe to keep tabs.

[riggerbeautz] 24/7/2020 07:57

Lottsgold I knew what you mean’t but it’s First mining gold, anyone wanting to research won’t find first gold but there are many YouTube videos, some Proactive interviews with Keith’s pretty face on them lol.

They should rise in anticipation of 2021, as much because it’s Keith and the market knows what he turned First Majestic into. Whether you want to trade the hype? Me personally I’m largely sticking to existing junior to mid tier producers, that are adding finds as there are many. But there’s a place in the market for exploration companies. As I said, the fan club is large across the water and plenty of cheerleaders on bull boards across there.

[lottsgold] 24/7/2020 07:49

Thanks all,Plas- I'm neck deep in AAU, awaiting that big fat divi. Once I get my rewards there HUM is on the list, I have held it a couple of times but sold before the recent jump after getting frustrated..grrr...patience is worth more than anything in this game.First gold- Yes he sure is, there is a premium for all Canadian assets and I feel M&A may mean some nice dividends over there if they go with asset sales as insinuated recently. Frustrating watching Canadian markets but our time will come...soon hopefully!Have a great day all.

[riggerbeautz] 24/7/2020 07:42

Morning,

lottsgold you are probably in the wrong forum to get views on first mining gold, very well known across the water because it’s Keith Neumeyer’s baby. He’s a persuasive talker isn’t he? Loads of stuff on the internet for T.FF they have had a good run this year haven’t they and quite a fan club because they are heavily promoted, as you would expect from Keith.

Can’t be in them all, but I know about them fairly well, just so many existing producers to focus on over in Canada.

[wanobi] 24/7/2020 07:30

welcome to the thread Lsg and thanx for your kind words in regard to the thread :-) Cheers Wan :-)

Rb will be your man in regard to First Gold, he has a lot of experience of Canadian miners & the market :-)

[plasybryn] 24/7/2020 07:25

Certainly AAU imo but isn't HUM on your last? How about Starvest (SVE) at a nice discount or Junior Mining fund or Golden Prospect ? Good luck.Not heard of the stock you mentioned. Sorry

[lottsgold] 24/7/2020 07:19

Morning guys, new to your brilliant thread. I've been an avid reader for a few months, thanks for all the shared insight so far!I'm fully invested in AAZ, AAU,PXC, PUR but I'm still looking around for value. I came across First gold mining, they have some huge gold assets in Canada and comparing them to others seem undervalued. Anyone know the company?

[wanobi] 24/7/2020 07:16

Spot Gold at 1885 :-)
Brent at 43.41 :-)
Cheers
Wan :-)

[wanobi] 24/7/2020 07:15

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

Yep, TSG RNS out today...

[brasso3] 24/7/2020 07:14

TSG doing the business in Q2! Wow!

[bozzy_s] 24/7/2020 05:01

I wonder what our dividends will be next year if gold trades between $1800 and $2000 through those 12 months.

And if H2 2020 production hits the target, and carries on into 2021, we're looking at 42.5k - 47.5k GEOs per 6 months, for an annual target of 85k - 95k.

Very crude guesstimate from me.... An additional 2.2k - 12.2k GEOs vs 2019, at $500 per oz higher selling price...

2021 accounts would show:

Turnover $171m (90k GEOs x $1900)

Gross profit $69.6m (remaining at 40.7%)

Admin & other indirect expenses $6m (unchanged v 2019)

Interest received on cash deposits $0.5m (rough guess)

Profit before tax $64.1m

Tax $23m (remaining at 35.8%)

Profit after tax $41.1m

EPS 35.9c / 28.3p


In 2019 net operating cashflow was almost same as PBT ($29.7m v $30.1m).

Say the same happens in 2020. $64.1m. Dividend target 25% of $64.1m = $16m = 14 cents per share


Well done for reading this far! Please point out any mistakes I made above.

[saturdaygirl] 23/7/2020 23:08

38010 Filtered

[podgyted] 23/7/2020 23:05

Think you have to be careful of the gloom and doom scenarios.

If shares in general fall due to economic shocks so will AAZ - just look at tonight in NA - gold nicely up - medium/small miners way down and Barrick down 2%.

Also think Matt has a point - rapid rises in gold don't in a way do the sector any favours - its the long term (hopefully) drift up.

[brasso3] 23/7/2020 22:00

Rigger

That is evil! :)

[riggerbeautz] 23/7/2020 21:43

Evening all, P.M’s still in full flourish I see, so all good, kind of!

Brasso, I’ve no idea on the coded signals, in one of my more childish moments, on a share that I was well up on, yet had endless bulletin board gossip, I decided to play the fonts of knowledge along, at a time when I was getting good frequent trader deals. Confession being I put through daily ridiculous low numbers to be around their numbers and had a right ol chuckle at the conspiracies that thread was coming up with; just saying :)

[saturdaygirl] 23/7/2020 21:28

Nice hammer candle

[bonio10000] 23/7/2020 20:59

10 years ago, for some reason, people thought the FED could normalise its balance sheet. They legitimately thought interest rates would rise to 5%.

10 years later people have realised it can't and never will.

[supercity] 23/7/2020 20:57

At the back end of 2011 gold hit 1900 after ending a run from 700.It's just a tad of hitting that level again.IMO It will either find resistance or shoot past with an almighty short squeeze.Pop a ten year gold chart up and see where it's heading.

[avsome1968] 23/7/2020 20:41

GDP finished the day with a nice large candle hopefully push further north with results around the corner.

[walter walcarpets] 23/7/2020 20:27

cmb: ta, will take a look

[bonio10000] 23/7/2020 19:59

US Yields collapsing.

Interest rate increases are not an option.

Money being printed at record rates.

Gold has plenty to go.