Anglo Asian Mining Share Discussion Threads

[gutterhead] 20/7/2017 19:16

I'm in. Dinner from catsick, drinks from elduderino and terropol driving. Great😁

[mattjos] 20/7/2017 18:26

Gold getting away from you zhockey

[mattjos] 20/7/2017 18:11

Fingers crossed then! :-)
Should invite Reza also

[goodgrief] 20/7/2017 18:08

If it's Sat Bains, I may move to the locality!!

[terropol] 20/7/2017 17:49

You are on Catsick. Mattjos I will drive....
EL_DUDERINO, I will have a badge saying.... "HAPPY"

[catsick] 20/7/2017 17:35

I'm a co owner of a restaurant in Nottingham if we get to 50p all you midlands punters can have dinner on me ! Although I live in Tokyo so unlikely to be around ...

[gutterhead] 20/7/2017 13:20

My partner lives in Mansfield, I live further south but that qualifies me as a 50% east midlander. Looking forward to 34p again some time soon

[el_duderino_7885] 20/7/2017 11:53

Woukd you have a name tag with "Terropol" written on it? :-p

[el_duderino_7885] 20/7/2017 11:52

Drinks are on me if ZHockey turns out to be right!

[terropol] 20/7/2017 10:56

A meet up sometime?

[mattjos] 20/7/2017 09:18

oh yes, I remember you saying now Brasso .. quite a Midlands contingent here now :-)

[brasso3] 20/7/2017 06:40

Matt

I am from the Derbyshire border (Burton)! :)

[el_duderino_7885] 20/7/2017 00:05

Coincidentally silver doctors just posted this:

[el_duderino_7885] 19/7/2017 23:38

The only way to break the paper pricing scheme is to suck liquidity out of the paper markets and into the physical and it does seem like a great idea. We'll see if it catches on.

Yeo nice part of the world. Moved from Cheltenham several years back.

Anyway off topic but yep nice to meet some locals :).

[mattjos] 19/7/2017 23:22

Eh up!! :-)

Derbyshire myself .. Terropol also from Derbyshire on this thread .. 3-4 miles from me.
Nice to hear from another local investor here

[mattjos] 19/7/2017 23:19

apologies ..that was me sounding off after today's experiences. Not relevant here but, I hope illuminating for some.

Had a quick look at the scheme el_d .... I am probably too much of a cynic now to go for it personally.

for 99.9% of the global population, simply holding some physical gold would seem a very sensible hedge.
I am not in the other 0.1% so, would rather not get involved in a pseudo option.
50oz of gold takes up very little space and can be easily hidden about ones home/grounds/safe etc. It's yours. Push comes to shove - It's tangible & transportable & you can pass it on to your family/friends.
My pa bought a sovereign the year I was born & still has it.. his only regret with regards that decision was not to have bought more.

[el_duderino_7885] 19/7/2017 23:13

Matt sounds like a no brainer to me. These institutions should be doing their upmost to enable their students to make the most of every opportunity but sadly your story doesn't surprise me hugely.

I wish you luck on reaching some kind of successful resolution. Maybe they are worried about setting a precedent but it's still hard to understand how they can be so inflexible in this case.

Coincidentally I live in Nottingham.

[mattjos] 19/7/2017 23:00

el_d .... I have a terrific uni student on industrial placement working for us right now. he did hs 36 weeks placement and then wanted to extend right up to Sept start of final year.
I really want to keep him as he has proven to a genuine asset with great work-ethic, genuine talent and really wants to grow & contribute. I've got him badged as a Design Engineer and have him working on projects with engineers from the likes of CAT in Indonesia & Merck in Singapore! Surely a great feather in his cap and almost unique experience.
SO I have suggested to him he does his final year at Nottingham Trent on a part-time basis so he can earn good money with us, continue to gain real-world industrial design experience & start his pension (at 21), whilst working & not increasing his debts and maybe taking two years to cover his final year of study.
He & I both thought it was a damn good idea to go forward with ... I was truly gobsmacked by the Uni official response today from head of tutoring ... "No, we advise against it & wont support it!" .. End of discussion!
He is only one of two students in his year to get a similar offer (the other one coming from D S Smith in Belper to a student they took on for placement).

I came home this eve still reeling from this response. Have tried again with a more detailed response and proposal but, suspect it will meet with same resistance.
These people are supposed to be preparing their flock for life in work but, seem totally fixated solely on attendance and pass stats to the exclusion of common-sense and individual student circumstances.

What can be better training for a young person that real-world commercial experience ... designing, proposing, making and selling your own ideas to multi-national clients using leading industrial CAD software & hardware (£10k / seat) ??

I despair some days

[el_duderino_7885] 19/7/2017 22:29

Matt what do you make of Bullioncoin?

hxxp://www.goldvu.com/bullioncoin.html

Andrew Maguire keeps banging on about an imminent 250 tonnes of physical gold demand about to hit the market from sovereigns and I believe it is linked to the launch of this new "crypto currency" which is a neat block chain solution to gold's inability to be used effectively as a currency in the modern world.

If it works how it says, seamlessly integrating the wholesale, retail and investment markets it could be a game changer.

The yield it offers is interesting too.

I'm with you 100% in relation to your political views. Sounds like you have been listening to Cliff High but I agree that essentially teenagers are being encouraged to become debt slaves for most of their lives which is a great way of controlling the population.

I'm more of a libertarian so I certainly have a more right wing approach when it comes to big government and the millennials sense of entitlement.

I work in the world of finance and a lot of employees tend to do their studies at the same time as working in the environment they are studying so you get the best of both worlds and generally have no debt at the end of it.

[friendzarin] 19/7/2017 21:39

Matt

Just to help my clarity in your outline of events in 7859 is it your assumption that the Ugur update ('exploration and development activities') which is upcoming shortly will be separate and in addition to the resources and reserves upgrade ( is that what you see following in October ? )that had been factored in for Q3 as a result of the off the cuff guidance given by Bill at the Proactive Investor presentation. My impression ( and I hasten to say it was only an impression ) from the AGM and and talking to Stephen Whitehead led me to expect the r and r upgrade was to be round about August time.Tia Fz

[mattjos] 19/7/2017 21:24

don't worry el_d .... GS no better than the rest of them as far as I am concerned.
Jut putting forward some market intel I came across .. no one, absolutely no one can forecast tomorrow, let along next week, month or year.

If we are to have another financial crisis, rather when we have the next financial crisis, it will surely com from a direction/source where no one is looking .. that is a given else we'll dodge it as a consequence of seeing it coming.

US$ likely, just now, still the go to currency for a disaster but, that choice is getting ever more nuanced. Much will depend on the origination of the crisis I suppose but, at present, US$ liquidity gives it the edge.

It's the concept of fiat currency that will one day be challenged and fail & at this watershed moment, where will the fearful reach for? An intangible crypto-currency or a tangible, physical, fungible precious metal.

Who knows when this will happen but, it will happen. You just cant solve a debt problem by doubling down on the cause of the problem ie. ever greater debt cannot cure a debt problem.

It's the 'everyone is entitled to a university education' suckers that i feel sorry for. They have bought that cobblers hook, line and sinker. Leaving university with some utterly worthless qualification, lacking any common sense yet full of some sense of entitlement & loaded up with £20-£40k of student debt, they mainly end up in the service sector doing what any 16-year old school leaver can do just as effectively. 50 years of debt servitude ahead of them & that is before they even try to get on the property ladder ... little wonder most of them are renters.
In a recent recruitment drive for my company, I have not interviewed one single Degree qualified Design engineer under 35 who is not renting or still living at home. No home-owners at all. Most seem to have even lost the aspiration to own their own home.
Loads of them about to interview but, you try getting hold of an experienced plumber, electrician, carpenter, handyman, spanner-man ...... those that do exist earn more than the degree qualified engineers.
I could go on, as others I am sure could also! to me, it seems very wrong that people are becoming conditioned to simply accept this level of debt as the norm but, with whole nations similarly addicted, where is the role model to challenge this emerging normality?

[el_duderino_7885] 19/7/2017 20:47

I wouldn't pay much attention to Goldman however the only way gold is going near $1,000 is if we get another big market crash similar to 2008. Even then I'm not sure gold would be sold like it was back then.

The dollar was the go to safe haven 9 years ago but can it really be considered that right now? I'm not so sure.

[mattjos] 19/7/2017 18:33

Interesting that Goldman take the opposite tack to you zhockey and their TA guidance issued this pm is that the next leg higher is underway to $1,378 target .. this after a failed overnight dump attempting to take gold below 200DMA.

[terropol] 19/7/2017 13:11

Well guys, i say just relax and enjoy the show.
We can not change gold price, copper price,silver price and whatever the news will be about resources in the ground.

We are just wasting time speculating.