Anglo Asian Mining Share Discussion Threads

[terropol] 06/4/2018 11:01

Good morning all.
Started the new financial year with a little top up.

We should be getting the 1st quarter update next week. Tuesday,Wed or thursday?
Looking forward to it.

2sporrans, we may get an indication of last years profit next week...(I am guessing at $20-25m.

This aircraft in on the runway ready for take off...

[2sporrans] 06/4/2018 10:54

You've gotta figure that within 2 weeks of Q1 production update there will be progressively fewer sellers and more buyers; all else remaining much the same.
The odds are for Q1 to be close to Q4 but a higher price [~ av. $1320/oz]for gold sold.

As for all else remaining the same, the most likely/obvious exception is movements in the POG.
Trump and trade war [or not] looks to be a key driver here.
There actually seems a lot of potential for some kind of hardballed win-win outcome for USA+China.
If carrots replace sticks on the agenda, one of the obvious bigsters is a deal on US Oil + LNG exports to China. Trump could even steal something away from Putin who is investing over $60-bn in a gas pipeline to China. Thinks.... he'd like to play that one.

Whatever....while a surge in the POG would obviously be a bonus for AAZ, it's looking set for an up-rating regardless; probably after the 2017 full results.

[robo21] 06/4/2018 08:14

First 5 minutes of the trading financial year chaps

[terropol] 05/4/2018 16:26

Last 5 minutes of the trading financial year guys.

[jbravo2] 05/4/2018 11:51

Well said that man

Those happy to take their profits at c.40p seem to be declining to a trickle.
We've been here for 3 months or so now. Plenty of time to see most of them off.
50p next leg. Starts tomorrow?
You have to think that as the price climbs the gaps up in terms of pure pennies must increase as they become smaller percentages.
I hope we'll see 100p by the end of year as the sheer amount of cash we've made becomes obvious to all, but I'm not so sure about lefrene's 200p. Another couple of years?

Nicer problems to have.

[davidspringbank] 05/4/2018 11:45

I think Rezza is a star!

[jbravo2] 05/4/2018 11:45

lol
yeah, not a lot coops.
Just passing time and seeing a few positioning ready for open season tomorrow.
Then just becomes a question of how quickly ISA opening can be organised

[jbe81] 05/4/2018 11:39

jbravo is waiting with his 20k to buy tomorrow

[crazycoops] 05/4/2018 11:28

Looks like a couple of bed and ISAs/SIPPs to me jbravo, what are you seeing?

[jbravo2] 05/4/2018 10:52

On your marks...

[2sporrans] 04/4/2018 23:12

You're right to point out that a Trade War will likely boost the POG Terrapol.
Just the fear of one has clearly perked it up the past week or 3.
Look at the POG trade inversely with e.g. the s&P500 today/yesterday [the futures trade 24hrs, just like gold.]

As China is the world's largest physical buyer [+ a lot of [leveraged] derivative plays] I've just done a sort of sanity check on how trade sensitive the Chinese economy really is.

Both US and China have relatively low trade dependencies.

2017: Chinese GDP RNB82.7-tn = $12.9-tn; Exports $2.3-tn, Imports $1.8-tn. That's ALL exports/imports, not just US.

Utilised FDI only $131-bn.

According to:




The US is even less trade dependent than China.


In contrast a highly trade-geared economy: - Singapore is about 9*the trade:GDP of China. A mid-size economy - Thailand, about 4*Chinese.
Taiwan + SK will be particularly concerned about 'knock on' effects of US measures against China and vice versa.
Maybe there's a lot of gold buyers in those nations.
I imagine there's more, just in those, than the UK - a pretty marginal player these days.


This is actually a cause for concern as Trump won't be hugely concerned over trade war damage to US.
Nor to other far more trade dependent nations given the insular nature of his "America First" mindset.
Perhaps all this tariff sparing is at least partly a game to get Xi more alongside with his coming face<>face with the Beloved Leader.
Or the jawboning is all sticks but the real talk will be more carrots.
Who the phuck knows what Trump is thinking?

[jeanesy] 04/4/2018 19:35

POG seems to make a run towards 1350 and then falls back .. done it again today now down to 1330 again. Still at this price we are still making plenty.

[jbe81] 04/4/2018 17:08

If gold goes to $1400 think we will get close to 80p

[terropol] 04/4/2018 17:05

For what is worth.....




Rick Rule Sees Gold Reaching US$1,400 if Trade War Breaks Out
April 3, 2018 at 4:50 pm

Rick Rule of Sprott US Holdings says the gold price could receive a boost as escalating trade tensions drive investors to safe-haven assets.

[cannonfodd3r] 04/4/2018 13:23

MM prob know they have just banged out a record 24k oz winter quarter 😉

[mattjos] 04/4/2018 13:06

finally now looks like a breakout from the flag today

[jbe81] 04/4/2018 13:05

Plenty of shares for MMs to pick up in the auction. Not sure why they are being so stingy.

[celeritas] 04/4/2018 12:52

What is going on with you jeanesy? Has someone hijacked your ID.

[jeanesy] 04/4/2018 12:38

There is non online because no-one is selling imo. MM's know what is coming. They have accumulated some recently so im surprised they are not letting some go though. Onwards and upwards here !!

[lefrene] 04/4/2018 12:34

Someone out there wanting to accumulate in volume Mattjos? Is it time to start a bid rumour :¬) Holders here know this is way too cheap, a ridiculous bargain compared to other miners.

[lefrene] 04/4/2018 12:17

Finally the hard work and risk taking has paid off, the business is close to being a cash cow with a future income stream of at least 10 years and very likely much more.

[bleepy] 04/4/2018 12:16

Exactly jeansey, that’s $280,000 saved interest, perhaps a healthy divi contribution to boot..

[jeanesy] 04/4/2018 12:11

And saved 7% to boot !!