Anglo Asian Mining Share Discussion Threads

[goodgrief] 17/4/2020 14:11

... that'll be why the Democrats wanted proper oversight. United Airlines trousered $5bn in bailouts and still they announce layoffs. What next? Golf resorts?

And this is just a bit of flu!

[c0lin1] 17/4/2020 13:51

yeah like the democrats wouldnt have done it

[wanobi] 17/4/2020 13:49

AVCT -

Cheers
Wan :-)

[goodgrief] 17/4/2020 13:31

gf... that'll be Trump propping up the corporates at the expense of the individual and having the Fed do his bidding. His reelection is all about the indices.

[goldrush] 17/4/2020 13:26

Mr R

As expressed on here we would have had to wait till the Government was re-elected

Then COVID came....

Things must be settling down now.....We need to get it resolved because some of our expansions envelope other Govt areas, which is allowed for under our licences but the terms will have to be agreed with Govt....these must be profound and very valuable discussions to all parties.....big upwards revision to our share prices on these expansionary announcements as we move to mid tier status....IMHO

[gold finger 1] 17/4/2020 13:22

If anyone was not of the opinion that the whole financial market was corrupt, you just need to look at the indices. The whole world is in lock down yet the markets continue to go higher.
I can't go and buy paint,building material,cloths,just some food.

[cannonfodd3r] 17/4/2020 13:12

Mr Roper, nothing, like was stated at the time!

[goodgrief] 17/4/2020 12:19

So much that could propel the share price northwards, aside from POG...

- dividend announcement
- LOM
- JORC
- exploration update
- strategic direction
- clarity on government talks

[riggerbeautz] 17/4/2020 12:14

Just noticed AMC news, don’t be surprised to see a share consolidation at some point, rinse (small p.i’s that is) and repeat is the AIM way.

[mr roper] 17/4/2020 11:44

The bigger question is what is going on with the govt talks? 8 mths and zero clarity.

[gold finger 1] 17/4/2020 11:34

We are maxed out on production.
We have is it 3 years of life left in the mines.
Some of the new deposits will add to that without doubt.
We need a new plant to increase the gold flow.
Yes we all want to see it happen today,but we just have to wait and see where the best place is for this new plant to go.
It costs a lot of money for this plant,and we want it there for many years to come. So
it has to be done right. This management will do it right, that is for sure.

[cannonfodd3r] 17/4/2020 10:29

It’s simply a question of do they pick one gosha type deposit and bring it on line quick, or fully assess all 32 options and choose correctly!

There’s no point bringing on another gosha too quickly as the plant is at steady state max throughout so it won’t achieve much!

The next move is clearly going to be opening a new larger facility to properly exploit one of the 5 identified large prospects one one or two of the small gosha type areas for continued production at existing plant.

That doesn’t happen overnight unfortunately and with the best will in the world nothing is quite as easy of quick to action in current climate!

In some respects the longer it takes the bigger the gain, just be patient

[2sporrans] 17/4/2020 09:56

Share others frustration and admit the dive as low as 70p shook me a bit.

Then again, if investing was that easy, bargains would be a rarity too.

AAZ have proved they are very able to bring viable projects through from exploration/evaluation to development/production.
Gedabek main pit 2009
Gadir underground - was it 2011?
Ugur open pit 2017
Also Gosha, albeit a tiddler, a high grade one with expansion potential.

Though it will be great if Avshancli/Gilar come to fruition, it's just as important,
if not moreso that the extensions to the main pit and Gadir continue to be developed and their grades continue in the same vein.

So, though I'm eager for the next exploration update and also for enlightenment as to new strategy, the first update I want to read is one that delivers on the JORC and LOM score.
Bread and Butter before the jam.
Admit my patience has been stretched awaiting one and Bill did say last autumn that an update was coming end of 2019/early 2020.

[friendzarin] 17/4/2020 09:12

Agree with your position MF. Macro factors do seem to have somehow stalled newsflow but it is solidly reassuring to feel we are in good hands until the timing is right for the company to be able to outline its complete strategy.

[someuwin] 17/4/2020 09:11

At less than £5m valuation, MWG is surely the cheapest Covid-19 play out there.

"Two months of stock have been shipped in the last two weeks amid growing demand, believed to be connected to the global COVID 19 public health crisis, from existing customers across Spain, Italy and China."

[fozzie] 17/4/2020 09:02

I agree as well, the last 6 months have been very frustrating here, the market just refuses to assign a full valuation. I continue to accumulate and have bought at 136, 144 and 161, my average though is 81p. it sort of puts it into perspective that I am more and more thinking of this as a steady eddie sort of income stock. I have to say my other gold stocks are fairing little better. TSG, POG, CNG, RSG all are ahead but not by as much as you might think given the gold price over the last period.

[lefrene] 17/4/2020 08:53

TraderGLT, I have been behind the scenes in 3 Amazon depots, they treat people like disposable robots, a climate of fear persists. I won't use them because of the way they treat their staff, like something out of Brave New World. Also they have become too big, and squeeze any business they are involved with.

Donald pond, I suspect that most of us identify with your comment, some clarity over the future would be most welcome.

[jbravo2] 17/4/2020 08:49

I agree wholeheartedly but of course the current situation makes it hard to advance anything.
I’m hoping for definitive news before the AGM
No idea if that’s possible

[donald pond] 17/4/2020 08:45

I'm a huge supporter of AAZ, and it is my biggest investment, and yet...
I have to say I'm disappointed that the last 12 months of promising exploration results hasn't led to any progress on bringing new resources on line. We are doing very well in a steady state production mode, but imo really need news of what the next stage for the company is going to be. That is the logjam that needs to be broken. I've been hoping for news for ages. Surely, one day!

[traderglt] 17/4/2020 08:38

Totally agree - my partner as a high street business so I'm not exactly wishing it to happen either. Amazon and the like have made hay during this crisis tightening their grip. I still won't use them though :-)

[riggerbeautz] 17/4/2020 08:23

I’ve done the same with beer money, as the chart hasn’t spiked yet.

[bumpa33] 17/4/2020 08:21

Morning Wan, yes it is - the stock is extremely illiquid, over 80% held by institutions I think, maybe more. The action has been driven by the Gilead interest in $RCUS. Total punt though.

[someuwin] 17/4/2020 08:16

Avacta @avacta 12m

Avacta's Chief Executive Officer Alastair Smith will be on @talkRADIO this morning at 9:30am to discuss the development of our COVID-19 rapid test. #AVCT