Anglo Asian Mining Share Discussion Threads

[callmebwana] 31/7/2020 07:42

Good morning all.
Wan many thanks for the PM.
Have a good day all.

[brasso3] 31/7/2020 07:39

HGM being bought out at 300p a share. First of many I expect.

[wanobi] 31/7/2020 07:36

Cheers
Wan :-)

[wanobi] 31/7/2020 07:33

um, this could get really silly if these guys are right :-) Cheers Wan :-)

Thursday July 30, 2020 12:03
Kitco NewsShare this article:

Gold prices have hit all-time highs, but industry heavyweights Jim Rickards, best-selling author, and Peter Schiff, CEO of Euro Pacific Capital, both think that the rally is far from over.

Rickards’ analysis points the gold price to $15,000 by 2025.

“I would put [gold at $15,000 an ounce before 2025,” Rickards told Kitco News. “If you just take the average of the prior bull markets: 1971 to 1980, nine years, 2200%, 1999 to 2011, a twelve-year bull market, about 700%. Just take the average, you don’t have to go to the higher of the two or extrapolate, if you just take the average of the two you would say the next bull market is going to be a little over 10 years and it’s going to go up 1500%,” he said.

$15,000 is the implied, non-inflation price of gold should a gold standard be adopted, theoretically speaking, said Rickards.

Schiff pointed out that historically, the Dow/gold ratio has seen much higher levels than today, suggesting that should the ratio retrace historic levels, the gold price should be much higher.

“Another way to look at it is to just look at the price of gold in relation to the Dow Jones, because you have historical reference points where twice in the prior century at significant bear market lows, the Dow traded down to a single ounce of gold: 1932 the Dow Jones was roughly equal to an ounce of gold, and in 1980, the Dow was roughly equal to an ounce of gold,” Schiff said.

Schiff added that at the current levels of the Dow Jones, the price of gold will have to equal $26,000 an ounce to achieve a 1:1 Dow/gold ratio.

Both Schiff and Rickards agreed that a major retracement in gold prices during the current bull market has already happened, and that another significant pullback in prices is unlikely to happen.

[wanobi] 31/7/2020 07:30

Spot Gold at 1976 :-) :-)
Brent at 43.10

come on AAZ, about time you climbed that leader board,,, you're last!!! LOL LOL

GLA

Cheers
Wan :-)

[qazwsxedc69] 31/7/2020 07:20

Cracking summary of PXC just put up on the thread over there if anyone is interested. Great deal going on.

[wanobi] 31/7/2020 07:01

Good morning all, Good luck and good health to you :-) Cheers Wan :-)

Many thanx for the discussion posts last night, all interesting stuff to read :-)

[pantsonfire] 31/7/2020 06:43

Looking at that Shares Mag table, they also overlooked PXC, up approx 300% since 1st Jan. And I would still buy it with lots, yes LOTS more still to come.

[cannonfodd3r] 31/7/2020 00:35

Iran! A possibility, there’s 5 or so names that crop up in terms of the real movers and shakers in Anglo Asian, where’s one of them from?

[goodgrief] 31/7/2020 00:32

If they maintain the policy of dividend being 25% of FCF, that'll be a nice stocking filler come Xmas! Just need some long-awaited drilling results to nudge the share price along ...

[mattjos] 30/7/2020 22:56

GG … there will be plenty of new people with the returning interest in Gold and many of those will be drawn to the dividends also.
These things all take time.
AAZ is a still a small, young and dynamic company with real ambition. I suspect it will be around for many, many years to come.
I'm sure quite a few people are trading some parcels of their shares of late but, I'm sure the larger portion of their holdings is staying put for the longer term. Hang on to your winners, particularly when they vigorous and successful

[mattjos] 30/7/2020 22:42

Yes, sadly most threads only seem to have short-term punters on them & very few seem to do much, if any, research.
It's research & patience which enables you to find the real gems amongst the sea of potential growth stories eg.I have just recently started research on a couple of possibilities for 2021 onwards. These are two companies i have been casually monitoring for the 7-9 years. Doubt i will make a decision on either until Oct/Nov unless they move into my target buying zone beforehand.

Of course, delighted to receive the handsome dividend today from AAZ. Assuming things go to plan, the next three dividends should be even more spectacular.

Divi also from TSG recently & a should receive a good divi from STCM tomorrow + I had a decent chunk of AAU at 3.95 recently so, all in all quite satisfactory few days.

I'll also admit to a rare 'dabble' and got a few ORPH on the gap fill today but, the MM's were not offering much size at 12.85p - maybe a hot boring Friday afternoon will prove easier.

[goodgrief] 30/7/2020 22:37

Yes Mattjos, but how large is your audience? If you want this stock to surge through 2 quid and beyond, you'll be needing new investors. The share register hasn't changed in years. And zero interest from financial institutions despite Bill trudging the City streets last year. You may be buying, but even you have finite resources!

[riggerbeautz] 30/7/2020 21:15

Mj you run an excellent thread, I’ve read that and others since Bumpa alerted to the Basher situation, albeit I steer clear so as not to pollute it with so much o/t which I know can grate some.

It’s probably one of the best threads ever on Advfn for that reason, only have to look at the EVG one today, kind of becomes pointless reading. Anyway you must be grinning like a Cheshire Cat at the dividend paid, as I know I was.

[mattjos] 30/7/2020 20:52

The ADVFN thread for AAZ had been ahead of every other commentator for years now. I really do dread to think how much of my time i have put into research, let alone the other core of contributors/investors.

[goodgrief] 30/7/2020 20:33

I'll never again complain about AAZ being omitted from the financial press! So much for hiring a financial PR company last September to work on their communication strategy. We did better when there was no strategy!!

[riggerbeautz] 30/7/2020 20:32

Brasso LOL fortunately I went out for the afternoon or I’d have sold before the close :0)
Might do tomorrow though now, if I get chance.

[kickingking] 30/7/2020 20:27

Good evening all, here is an interesting site that my interest a few looking for new ideas hxxp://www.goldsheetlinks.com/lse.htm. GLA

[wanobi] 30/7/2020 20:26

indeed, over 5 years AAZ 5p to 150p :-) LOL, nice work Mj cheers Wan :-)

[mattjos] 30/7/2020 19:52

What is 5yr performance of same list? Including dividends paid

[brasso3] 30/7/2020 19:52

ALTN is missing though which has been my big performer in 2020!

[droyden] 30/7/2020 19:46

lol Brasso I know what you mean

[brasso3] 30/7/2020 19:43

Why are all of my gold mining shares at the bottom end of that table!