Anglo Asian Mining Share Discussion Threads

[bumpa33] 09/6/2019 10:18

those $10m options are an odd one at EVRH, only 6 months to exercise them either implies they expect the valuation to move rapidly way north of here by then, or they're simply a bit of puff.

[wanobi] 09/6/2019 10:04

EVRH - thanx bbt, yes indeed, I was forced to read it and 100% thought I wouldn't like this old story,,, so for me, it was a great eye opener, well done educationalists :-).. as for P Paper, not read that so I shall keep that on the list... thanx

the EVRH/JGO option is an interesting one, indeed,,,, must say :-) LOL,,, I see it as a very positive vote of confidence in the success of the relationship between the two and it will be great to watch it play out,,,, especially if it all goes to plan & benefits LTH's massively :-)

as for a $10million buy at 8.00am on Monday...LOL, as you say,,,, yes please Sir!!!

thanx for your posts, have a great Sunday :-)

:-)
Cheers
Wan

[laurence llewelyn binliner] 09/6/2019 09:59

O/T but if anyone is following the Woodford asset management story, Bloomberg have an interesting article where Winnefroth bought £10's worth of shares just to get into the AGM in 2017 to challenge Neil on his strategy which nearly got him thrown out, but in a very rare turn of events TW was right 2 years later, he does get a lot of stick on here but credit where credit is due..!

Meanwhile back in Azerbaijan we keep on digging, and the run up to ExDiv and news flow continues.. :o)

[wanobi] 09/6/2019 09:56

STAR - thanx for heads up jeanesy, not looked at it again yet, been busy looking at other things as you can see :-) LOL,,, hard to reason against more AAZ other than the old 'eggs in one basket' issue & let's find the next AAZ :-) Cheers Wan

[mad foetus] 09/6/2019 09:34

It is a fair question though. Azerbaijan clearly isn't as safe a jurisdiction as Australia or Canada, in terms of rule of law. On the other hand, it is safer than Egypt, Tanzania or any other African country, except for possibly Botswana. Safer than South America and probably south east Asia as well. So in the second tier imo. But I have no doubt in jurisdiction alone AAZ should be at a premium to CEY for example.Then you have to look at corporate governance. And there, AAZ is top of the tree. There are lots of Australian miners, but do I trust the board of any of them as much as AAZ? No.And then the asset. Read the Berhe Dolbear report. Huge potential here.

[jeanesy] 09/6/2019 09:30

STAR does look interesting again WAN,. It is on my watch list. It does seem to be being ramped imo . There is lots about it on twitter apparently. The recent placing - again!!! . Ive lost count of how many placings the company has done does put me off for the time being. I am more than happy with my investment in AAZ . Lots to look forward to hopefully in the near future including another dividend !!!

[jbravo2] 09/6/2019 09:19

Been in for a while have you?
It's probably best you sell up and take your money.
:rolls eyes:

[bbtablet] 08/6/2019 23:56

Pickwick Papers is another one worth reading as an adult - you see so much more in it and get so much more fun out of it than as a "forced" reader at school!

more re EVRH - and if my calculations are in the right ballpark, the other thing to notice is that the option expires at December this year if this situation is not reached, so the management must have reasons to expect quite a wriggle on to take place between now and then for this to be an achievable situation worth JGO being interested in it.

If the share price was anywhere near 16p by Christmas it would be impossible for JGO, or anyone else, to then enter the market to suddenly flood the market and invest $10million at that price, so it is an attractive option for JGO if the price does get up there by then. And if it doesn't - well it cost JGO nothing.

On another board someone said why would JGO wait to see if he can take up an option at around 16p in six months time when he could buy the $10m worth of shares now at 5.3p on the open market! Not sure that poster has thought that one through, but as a LTH I would love to see a $10million buy at 8.00am on Monday please!!!

AIMHO of course

[fardels bear] 08/6/2019 21:48

Oh dear. Lotta cheerleaders on here. You tell me what's benign about Azerbaijan, then. Why should I put more of our money in here?I'm already holding a lot of these..

[fardels bear] 08/6/2019 20:20

Just a shame it's in Azerbaijan.

[bbtablet] 08/6/2019 18:27

Wanobi - re EVRH.

I took it to mean:

assuming the total number of shares in issue at the time of the exercising of the option remain at £1,308.2 million, and if they are then worth a total of £220 million as valued by the then current market share price, that values each share at 220 / 1,308.2 = 16.82p.

If that point were reached, current holders would be very pleased (and many relieved) to get back to near to the high value achieved in May last year.

So JGO would only be able to benefit from exercising this option if the share price grew from there.

I suspect this is to give comfort to those who took part in the raise at 16p a year ago, whose investment to date is looking pretty sick. Taking the longer-term view, as we LTH are, we may all look back at these low values and wonder why we did not pile in more!

What larks, Pip, - what larks!

Can anyone confirm this looks right, or otherwise?

[lefrene] 08/6/2019 17:30

This 'experiment' has been waiting to go pop for many years, to the point that QE and money printing has become the norm. Perhaps it is what is now the normalcy of a very un-normal thing, that renders it newly dangerous? Most disasters begin with some boring but very important repetitive task being neglected by a delegated operative who doesn't grasp how important that boring task is. In the current monetary scenario I'm not sure what the 'boring thing' might be, but when it goes wrong it will be all too obvious!

So I too have become a bit of a gold bug, waiting to see if there ever will be a 'emperors clothes' moment. Thus AAZ is that rarest of things a public company run in an exemplary manner, that has solid and hopefully growing assets of a most desirable nature. A low cost producer, debt free, that pays a good divi. Why it's so cheap continues to amaze me.

[walter walcarpets] 08/6/2019 17:00

LLB: Yes, you can only kick the can so far down the road and have "they" kicked it a long way. What a load of central bankers!

[wanobi] 08/6/2019 14:54

mind you Bumpa I cannot see that WPCT actually owns any REDD, so either I have misheard what TW has said or he has it wrong!! doh, cheers Wan :-)



but, as at 17th May 2019 there were 306,706,045 of Redde plc’s ordinary shares of 0.10p in issue, none of which were treasury shares.
Woodford Investment Management 28.03%
Invesco Perpetual 29.74%
Richard Griffiths and Associated Companies 4.68%
Aviva Investors 3.97%



confused, will keep digging :-)

aha, wrong fund, got it now :-)



plus other of his funds :-)

TW is bang on :-)…… huge stock over hang & dividend about to be cut etc etc

[laurence llewelyn binliner] 08/6/2019 14:37

#Walter, you will have noticed that a few of us here have our own views on economies and sustainability, I'm a realist not an economist, and that tells me that sooner or later something has to give and an almighty correction will happen..

Hedged in a few Gold diggers is a sensible place to be, and with a dividend ahead of the wheels coming off, dividends in EUR/USD even better as the GBP is going nowhere any time soon..

[wanobi] 08/6/2019 14:36

thanx Bumpa,,,, WPCT who knows, quite possibly, but for me its TW's research/insights into HL's involvement and then REDD on his bearcast which makes for a compelling short case for REDD at this point in time for me,,, its chart looks to be ready for a big fall,,,, HL & WPCT have both already taken a big drop,,,, and I know REDD lost a big customer which caused the drop earlier,,, but right now if WPCT has to sell out of it and so on etc etc… cheers Wan

[wanobi] 08/6/2019 14:33

Baz - correct me if I am wrong (anyone), but I think that unless you are working for/related to the company you'd only be on the list if you have more than 3% which is the level at which you have to declare your holding to the market ??

so anyone would need would need >3.4m shares before they'd have to declare ??

Cheers
Wan :-)

[bumpa33] 08/6/2019 14:19

Lucien Miers thinks WPCT could be a zero Wan.

[bazboa] 08/6/2019 13:42

Wonder why Matt isn't on the list, he said he had 7 figures...

[bumpa33] 08/6/2019 13:24

Wan, i’ll take a look at it over the weekend if I get time...

[wanobi] 08/6/2019 12:05

Bumpa, listening to TW at SP's bearcast in regard to Woodford & HL, seems to me that REDD could still be a good short position if you can get it :-),,, please let me know your traders thoughts on it, thanx, cheers Wan :-)


free stock charts from uk.advfn.com

[walter walcarpets] 08/6/2019 12:03

LLB: indeed. My trouble is, people walk all over me :-)

Another great piece by Jeffrey P Snider on bond yields and term premiums

[pogue] 08/6/2019 11:16

Careful how far you extrapolate the Chinese using a gold backed Yuan for oil trade etc. Doing so would have consequences such as devaluing the $ which considering the amount of US government $ denominated debt the Chinese have in their reserves that may backfire on them somewhat. Add in anyone dealing in Yuan will not be looked upon favorably by the more intelligent advisers in Trumps Whitehouse who will recognize an attempt to usurp their stranglehold on the oil trade and the power it gives them plus supporting the $ so anyone trying to interfere with that better be ready for a backlash. The ideal time to use this strategy would be right now mind you as China are out off favour as is Iran who would probably accept luncheon vouchers for oil just now so China maybe buying Iranian oil on the quiet with Yuan if not then its unlikely they will ever use it and will be only holding it as a get out of jail card if Trump gets too stupid.

[wanobi] 08/6/2019 11:15

Trump said the 5% tariffs he threatened to impose against Mexico have been suspended indefinitely. The president said Mexico, in return, has agreed to take “strong measures” to stop illegal migration from coming through the U.S. southern border.
The tariffs were scheduled to go into effect on Monday.

I never thought he'd go through with it, well that quickly anyhow,,,,, just a game of poker for him,,,, what games he plays... hmm

Cheers
Wan