Anglo Asian Mining Share Discussion Threads

[mattjos] 05/6/2019 07:29

Gold just now breaking out past $1,330

[mattjos] 05/6/2019 07:27

We're a long way off that sort of thing tradeforce & would require a 'functioning' government in this country .. a left-wing govt.Best hope that Mr. Corbyn does not get into No.10

[wanobi] 05/6/2019 07:21

TSG Trans-Siberian Gold PLC Final Results 05/06/2019 7:00am - Final Results

Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, is pleased to announce its audited financial results for the year ended 31 December 2018.

Financial Highlights:
Record-breaking revenues amounting to $59.8million, a 38% increase YoY (2017: $43.4million)
72% increase YoY in EBITDA at $23.9million (2017: $13.9million)
Profit Before Tax of $17million (2017: $3.0million)
Proposed final dividend of $0.009cents per share (2017: $0.021) amounting to $1million in aggregate
Total dividend pay-out for the year of $7.7million (subject to final dividend approval at the AGM) (2017: $6.3million)

Operational Highlights:
Record annual production of gold in dore at 42,128oz. a 15% increase YoY (2017: 36,714 oz.)
36% increase YoY in total gold production at refinery at 46,053 oz. (2017: 33,872 oz.)
Cost of sales per oz. of gold at $788 (2017: $885)
Cash cost per oz. gold sold at $516 (2017: $588)
All-in sustaining costs per oz. gold $1,049 (2017: $1,341)

Looks to be going in the right direction (I think!), albeit a small final divi :-) LOL

Looking forward into 2019 and the coming years, our strategy is for TSG to become a premier mid-tier gold producer and developer, a goal we aim to achieve through enhancing our existing operations, utilising our stable platform for future growth opportunities and pursuing selective accretive M&A opportunities.

Very, very sad to hear of the fatality & as per the chairman's statement ' Any fatality is one too many' so hopefully they'll not see any further serious accidents.. We should all reflect upon this, it is the nature of the business, it's dangerous & it's very easy to sit hear in the comfort of my house poring over the profits without giving the guys at the coal face a second thought...

Cheers
Wan :-)

[tradeforce] 05/6/2019 07:09

Some great thoughts there guys.

But with this impending doom what are the consequences for stock market capital held in nominee accounts and cash on account. I have always mused that if the government made the decision to "relieve" savers/investors with over a certain amount of cash/assets and used it to pay down all government borrowing it would not be a wholly bad thing (as long as post the raid they put spending in order and ensured and enshrined in law that it could not happen again).

Time to do it would be now, while asset prices are high and currency still has a theoretical value, however, as governments are always to slow to act and too scared to do the right thing at the time, if they were to do it it would be way too late, money would be almost worthless and assets in a similar problem.

All western governments are in place because they have promised their electorate more than they can afford and this is the merry-go-round that needs to end.

Anyway, if the above were to come about(as in Cyprus) would having shares in certificate be a better option, and could that work with ISA investments, and what would happen to dividend payments?

Also come the big bang, so to speak, what are the political ramifications in a country like Azerbaijan and companies operating there, could they not just push us out and keep all the assets?

[2sporrans] 05/6/2019 04:29

Matt, LLB, WW

Whatever's brewing, its being going on decades.

Debt fueled growth.
It kinda worked worked OK, as long as the growth remained high, preferably with a good dose of general wage push inflation type to erode the debt in relation to incomes, tax included.

Take away the growth.
Big problem.
Little/no inflation....bigger problem.

For decades now 3 increasingly dominant deflationary forces:
Demographic [development => birth rates decline to sub replacement] - dampening both growth and [consumer] inflation.
Globalisation [migration of capital to cheapest labour+'overheads'] - dampening 'wages' as well as prices [inflation]. Has fueled growth though.
Technology - dampening costs all along 'production' chain, also displacing/augmenting labour but more displacement than augmenting => dampens incomes of workforce [except few technos, 'elite'..] Has also fueled growth though.

Demographic - lower births, to sub replacement => aging, then later, absolute decline in populations - Japan the first and leading case to observe.
But note that as function of development, can see coming on just about everywhere excepting poorest, barely developing ...like much of sub-Saharan Africa [so the 'labour' migrates to the capital rather than vice versa].
This is a kinda immense, glacial like force.
But it is maybe the most powerful in terms of econ. impact; greater even than huge, pervasive Gobalisation and Tech. evolution.

Because Glob.+Tech evol. reward the owners of capital much more than labour, they are accompanied by growing inequalities.
This brings resentment/tensions, ultimately echoed in the political 'theatre'.
Hence eg rise of populism, Trump-trade+tech. wars.

So, it ought not to be surprising we live in a world, especially in developed parts, experiencing lower growth and disinflation/deflation-tendency.

Monetary 'palliatives'. Pretty much exhausted - are in Japan/Europe.
Fiscal constrained by debt = "Austerity"

Also, given the migration to capital [hence growth], espec. to the 'East', there is the absolute+relative rise of labour income in the East [v the 'West' +. Jap.].
So, the Eastern Consumer [out]competes with ever increasing weight for scarce resources - including AAZ's gold/silver/copper - in a fungible sense.
Therefore though general deflation, get punctuations of cost-push inflation for certain commodities which may further slow/stop economic growth [albeit temporary/cyclical], most obvious has been oil/gas and water [yes water is HUGE] followed by food.

So, the above explains so much of woes mentioned above and more.
Solutions could include better managed investment and technology ....augmentary along with education/training, even include incentives for families/children [the Chinese were remarkably slow to scotch their 1 child policy; far too late...see come 2030-40.]
But all that takes vision, leadership.....time.
Will come eventually i guess....but no way in time to prevent coming debacle.....
Bad enough even without climate change dimension.

[mattjos] 04/6/2019 22:03

As he observes . what so many other articles keep banging on about & the Fed and all central banks keep saying:
“Everything is great. Look at levels of employment. Keep setting new records.”
With a record number in work around the established Western economies, you would expect spending to be racing away. With such ‘tight’ labour markets, wages should be racing away upwards out of control. Economies should be booming like never before. BUT .. it is not happening that way. Far, far from it. Western economies have continued to struggle to get to 2% inflation, despite all this employment & low interest rates.
I believe that amongst the vast majority of individuals, the Penny has dropped / is dropping. We can’t keep living so far beyond our means!
How the hell are folk going to fund a 25-30 year retirement with £50-100k in a pension pot. the days of guaranteed pensions are long gone for most people. Just trying to buy a house for the younger generation seems a pipe-dream, let alone saving the required amount for old-age.
& al the time the corrosive affect of debt is snipping away at what folk have to spend .. be it Auto debt, credit card debt, student debt.
It is not sustainable and 2.25% interest rate looks like the top in this cycle.
Australia has already cut & likely to cut again.
Europe cant even get off first base .. keeps trying but, then has to stay put each time it looks more than a few weeks ahead.

We have not achieved sufficient escape velocity from the last recession & its back down there i believe we sadly have to descend & this time the 'creative destruction' will have to be allowed to take place.

It's not a pleasant thought but, i don't see any other way out of this oubliette .. and that is why i remain persuaded that Gold is probably best place to be. This time around, with the last crisis still so fresh in most peoples minds, i do not think gold will initially get sold off .. the opposite. I see Gold as taking off & getting going, well before the main event. Silver could actually be a even bigger winner in % terms.
& in all the time in the background the inevitable electrification of global transport will gain traction (even though i believe at least one of the major auto manufacturers will go under this time around).

So, in AAZ, we have an undervalued gold, silver and copper miner. Net Debt-free and still a huge acreage of resources we have not even touched & it is paying investors a precious. precious dividend and that will become ever more valuable.
Nothing is ever perfect but, in AAZ we've got not just an element of 'insurance' but, also growth and income & some natural currency hedges also.
I believe folk will have to work damn hard to find a better company to invest in right now & for the foreseeable future.

[mattjos] 04/6/2019 21:56

Thanks a lot Walter ... what a great site! This guy is on it. Enjoying reading

[mattjos] 04/6/2019 21:05

On such a screaming bounce day in the Dow & US500, you would expect Gold to sink fast ... it has not. As I type, it is blue on the day.Something does not feel right to me about this bounce in main indexes. I believe the Fed is actually much closer to its first rate cut than most participants believe.If 2.25% is as high as they can go before they have to reverse course then, the world is in big,big trouble.It's not all about trade wars ... PMI's have been in steady decline before this latest spat emerged & the yield curve had been jiggling around inversion point for months.Eurodollar futures curve is actually worse now than in 2007.This is a suckers rally, imo .. keep watch gold for the real story & not the financial media

[oakey1] 04/6/2019 16:51

Hmm I will don my mankini and woooo mattjos’s wife to get my hands on his filthy dividends:)

[wanobi] 04/6/2019 16:46

same seller then :-) cheers Wan

[joey wilson] 04/6/2019 16:46

Surprised you left it this long to do it. I still have an element to trade but ISA's full and do not trade them.

[sportbilly1976] 04/6/2019 16:45

wan,

imo the last of the seller's stock? definitely re-loaded today/yesterday though...a poster there kindly informed us of CFEP being 4p under the other MM's on the offer

[wanobi] 04/6/2019 16:38

STCM trades, rather large at the end ?? what ?? cheers Wan LOL

[laurence llewelyn binliner] 04/6/2019 16:34

Is that us done for this cycle in the current channel then..?
I was expecting to see 105p before the sellers come out, but a round 100p is probably too tempting for some..!

[mattjos] 04/6/2019 15:35

i did Bed'n'Spouse for some AAZ shares to protect a few more Dividend £'s from the tax man.

Anyone here who has used up their own ISA allowance but still has shares in trading A/C and has a spouse might want to do same. Simple process but, only on telephone service so, was higher one-off deal costs

[celeritas] 04/6/2019 14:57

Been busy so not been watching much, where did that gold run come from, wow! $1327

[wanobi] 04/6/2019 14:53

STCM seller re-loaded by the looks of it :-) LOL cheers Wan

[jbe81] 04/6/2019 14:38

Interesting podcast on voxmarkets for those following the bidstack story

[mad foetus] 04/6/2019 14:22

Thought it was something like that Matt thanks for confirming

[mattjos] 04/6/2019 14:21

The 20k and matching 19k are me doing some jiggling about

[2sporrans] 04/6/2019 12:32

That 47k buy at 103p, signals the buyer wanted in ...now!
Perhaps didn't want to buy in say £20k or £10ks at 1 or 2p less; the price might notch up any time soon.
OK, just 1 trade...but the buying does continue to look strong.