Anglo Asian Mining Share Discussion Threads

[2sporrans] 20/6/2019 04:08

Rub rub rub - of eyes...

Nocturnal necessities ....followed by peek at the POG on the ever running desktop.

$1385/oz spot POG??
Yes indeedy.

"strap in chaps for what is going to be a wild, wild ride in gold"
Great call Matt.
And so soon.

Currently $1379 after the $1385 spike ....consolidating.
Weaker $ just part of story; mostly other drivers.
Copper looking on the up too.

Can only enhance the pretty wild ride up in the AAZ price.

9c pa divi? Seems plausible.

[mad foetus] 20/6/2019 03:39

I had to give my daughter a lift from prom and made the mistake of looking at the gold price and now can't sleep. Like Xmas Eve in my head, will be running on adrenaline at the AGM.

Just on POG, if you say that our AISC are $550, and POG was around $1340 yesterday, then with the $40 rise, our profits will have risen from 790 to 830 an oz. So that rise in POG is worth 5% on our profits. And I love that our share price is now well above £1, so that 5% isn't 3 or 4p but 6 or 7p. I wouldn't be surprised if we see £2 before the end of next month, I sense the institutional cavalry are arriving.

[bozzy_s] 20/6/2019 02:30

Think I'll pencil in 9 cents or more for next FY divi :))

[crazycoops] 20/6/2019 02:25

Oh my $1385

[bozzy_s] 20/6/2019 02:19

If anyone's still up, take a seat and look at the gold price......


How about that for good timing? !!!!!!!

[bleepy] 20/6/2019 00:52

From Tuesday’s rns..

“The existence of further mineable copper and gold extensions were confirmed through drilling at the northern and southern margins of the current Gedabek pit extents.

This increased ore footprint will be captured in the 2019 Gedabek Mineral Resources and Ore Reserves update, which will be completed in accordance with the JORC Code.

Additional mineable mineralisation was also confirmed beneath the Gedabek open pit and this will be the subject of further underground evaluation.

Exploration around Gadir has increased the underground production profile following the completion of both underground and surface drilling, which has confirmed the continuity of the orebody down-dip and potentially along strike.”

In conclusion, the Company is at a transformational stage in its development. It has identified a significant number of exploration targets within its Contract Areas, many of which are considered very high potential and exciting. All geological reporting is now in accordance with the JORC code, thus providing all stakeholders with information on the operating assets and the exploration results. Current production has shown a steady increase and the stable operational conditions provide the financial platform on which to grow the exploration assets and convert them into future production.“

The above stating the extensions to Gedabek open pits complex will be part of an updated jorc this year. So looking to increase jorced lom this year to 10yr minimum. Possibly Gadir and Ugur will be part of the updated jorc.

The latest Fed news being the icing on the cake for AAZ and perfectly timed, planned even. $1400/oz looming, onwards and upwards.

[crazycoops] 20/6/2019 00:28

macmuck, Hardman are a paid for research house and along with the likes of Equity Development and Edison, are an important part of helping smaller companies get their message out to the market. When we lunched with Bill at Hardman's, they were taking him to see an institution in the afternoon that would raise more than a few eyebrows (think, top of the pile). I have no idea if that institution will ever invest but AAZ had a one-to-one meeting, courtesy of Hardman. They are the next level (or two) up from SPA, in my humble opinion.

[s0lis] 20/6/2019 00:20

Mattjos

I regret that I will not be at the AGM tomorrow due to prior committments, so hopefully we will meet at another time.

Re copper there are 2 more reasons as to why copper prices could well rise:- grades have been declining for some years and there has not been sufficient new resources found to counter the reduction due to production let alone any increase in the market.

Have a good AGM

[ilostthelot] 19/6/2019 23:06

Go gold!! Great timing all round 😁🥇

It looks like we may well be heading higher again tomorrow with gold breaking out. Possibly around 140p before a back test of the ATH?!

[jbravo2] 19/6/2019 22:41

Nice to roll in from the pub to more good news with the gold price. (Only 4 as got to drive at 6) :D
Will be good to catch up with a few familiar faces tomorrow and meet some new ones too.

£2 within a year

[someuwin] 19/6/2019 22:34

I'm expecting Copper to surge over the coming years. Irrespective of any recession.

There's no viable alternative for the electrical infrastructure needed for electric vehicles, electric heating and cooking etc (no more gas appliances).

Most forms of 'green energy', wind, solar, tidal all ultimately produce electric power. All will require vast amounts of copper.

The costs won't matter. the money will be found (probably by more huge borrowing). No governments will be able to ignore the growing demands of the people.

Whether you believe in climate change or not, a huge energy change is coming - and it will need a huge amount of copper. imo.

[qazwsxedc69] 19/6/2019 22:14

For the LTHs it's long been obvious that this has been criminally overlooked (which has been great, and allowed us to accumulate) as well as significantly undervalued.But now, on top of the stuff we've long known (first rate - and aligned - management, div, debt paydown etc etc) we have the recent break out of Gold and the great EARLY revelations of the exploration programme, not to mention a ludicrous amount of information to come. I am going to have to go away, digest what we have, and have a long hard think about just how much more we are undervalued now, despite the rise, and before anything that comes to light at the AGM....

[mattjos] 19/6/2019 22:10

Silver should actually have a much bigger % gain in the next 2-3 years than gold will. 'Poor man's gold' is going to catch a tremendous Bid simply because Gold is just too expensive for the average person to buy.

Difficult to second-guess Copper .. under normal circumstances, you would expect it to collapse but, with electrification of personal transport such a strong emerging global trend, i'm not convinced it will this time.
Once the recession bites, I think its reasonable to expect governments everywhere to introduce the next 'cash for clunkers' scheme but, this time it will be cash for electric cars..
There is a helluva lot of cabling infrastructure required in a short space of time to support this so, I suspect Copper will hold up better than many expect.

[thejonah] 19/6/2019 22:08

Its all in the BD IPO docs. This is just the beginning.

[wanobi] 19/6/2019 21:39

TXP -

Cheers
Wan :-)

[mattjos] 19/6/2019 21:38

August 23rd 2005, AAZ printed an intra-day price of 126.5p on a 700k volume day but, was unable to close there & fell away later that day.

Today, 13 years and 10 months later we have closed above 126.5p and with daily volume of 1.3m.

So, we're into blue sky in the traditional sense now .. albeit, I suggested we were actually into blue sky early Jan 2018 when the price closed over 38p.

With gold in a new bull market and bountiful new reserves within reach, AAZ should power on to series of greater and greater new highs .. much beyond £2

[wanobi] 19/6/2019 21:36

ORM -



Cheers
Wan :-)

[wanobi] 19/6/2019 21:35

AAZ -

cheers
Wan :-)

[wanobi] 19/6/2019 21:32

GOLD - heave, you can do it,,, just a tad more :-) LOL cheers Wan


free stock charts from uk.advfn.com

[brasso3] 19/6/2019 21:31

Gold up, dollar down.

Has the normal relationship has resumed.

[macmuck] 19/6/2019 21:25

Will the hardman report hold much stock for pi or ii ? I mean, are they well regarded!?

[robo21] 19/6/2019 21:24

Aaz board timed that last rns to perfection

[mr roper] 19/6/2019 21:20

Crikey 1365 bucks!