Anglo Asian Mining Share Discussion Threads

[wanobi] 21/4/2020 15:17

many thanx Bumpa :-) Cheers Wan :-)

[bumpa33] 21/4/2020 15:14

I’m watching Wan, maybe someone will come in and snap it all up, a la Avacta - though I don’t see much evidence of that yet.

[bumpa33] 21/4/2020 15:10

Likely gonna be a peach of a winter 2020 (and beyond) then Mattjos 😳...!

[bumpa33] 21/4/2020 15:09

Rb - been watching a couple of wedge patterns on the VIX and the SPX, hence my comment that maybe VIX looking to break to the upside. SPX looks stretched to me and hanging by a thread but when you got the Fed (forever) tinkering then who knows...

[wanobi] 21/4/2020 15:08

do let us know when they do Bumpa :-),,, that would be most appreciated, thanx,,,, although I suspect it'll spike and we'll all miss it ? Cheers Wan ?

[bumpa33] 21/4/2020 15:05

Jbe81 - sometimes it works that way, sometimes it doesn’t. Mkt knows the score and like you say, waiting for the seller to clear.

[mattjos] 21/4/2020 14:59

Shutting down is easy … we've all now done the easy part

Starting back up? That is where the pain is going to be because now way will companies simply start back up with full headcounts. No, Zero, Zip, Nada chance of that happening. Every company is going to think long and hard about this and only bring back the damn good people.
The rest they will keep furloughed for as long as the govt scheme is there & then, unless we are right back to where we all were in Jan which is very, very unlikely, that is when the real redundancies are going to start across the UK, across Europe, across the world

[bumpa33] 21/4/2020 14:59

Yeah, that is a WOW.

But we’re getting used to them on a daily basis.

[riggerbeautz] 21/4/2020 14:41

United Airlines

Now this is a WOW!

[laurence llewelyn binliner] 21/4/2020 14:40

OT but the Oil market is fascinating to watch right now, and how we have been mugged into accepting USD100 bbl Oil in the past by a Cartel of market manipulators and collaborators market rigging..

Oil traders yesterday throwing futures contracts under the bus to get out at all costs instead of having to take May delivery of it with nowhere to put it, knowing floating tanker storage will cost you USD1/4M per day if you need it, and no one wanted to get stuck holding that parcel last night when the music stopped at -USD37bbl..!

June contracts heading the same direction with a month to go before they close too, as storage depots are almost full to the brim..

Producer cuts will have to take place whether they like it or not as they have no domestic storage left to use, have Russia/Saudi got the US shale drillers where they want them now..?, in bankruptcy or heading into it, or will the US Gov bail them out too..? or will it come down to who has the biggest war chest to endure losses the longest while everyone else goes to the wall..?

Interesting stuff indeed.. :o), and of course any diesel cost reduction filters through into our AISC..

[wanobi] 21/4/2020 14:37

PTAL -

Cheers
Wan :-)

[gold finger 1] 21/4/2020 14:27

Polaris

The fact is you (i am not say you as in you) can spin anything negative if you care to.Ignore the important fact and spin your agenda.
We see it every day in the MSM, they don't want to report the news now, they want to set the agenda. They are getting away with lying on a daily basis without any consequences.

[jbe81] 21/4/2020 14:18

Bumpa you timed your trade well, a few waiting for seller to finish and then will be fastest finger first , I would be happy with the current price, bought this am slightly higher, as am not online all day and will miss the bottom.

[jeanesy] 21/4/2020 14:10

Strange to see POG falling further . Now closer to 1650 than 1700. Seems irrational to me, but there seems to be no rationality going on at the moment. Those COVID stocks are like the dot.com boom stocks. I didn't buy them then . Was tempted to buy some DDDD but haven't and probably wont. Gap being filled if price falls any more. As for oil well it was logical it would fall as nobody is going anywhere but this low .. wow !

[bumpa33] 21/4/2020 14:10

Mad F - big seller still I n 4D Pharma - as suspected yesterday - Singers are dealing that line but tight lipped on how much still to go...

[polaris] 21/4/2020 13:52

2sporrans - Totally agree that revenues will be higher, even with metals prices diverging from the budget. However, some people will only look at the GEO and this will fall...because gold has risen cf. the other metals. That equals AAZ are missing estimates...when nothing is further from the truth. This is part of the reason why AAZ state now GEO in budgeted AND actuals. Actuals may even come in less than 70 k GEO, if gold rises strongly cf. silver and copper, but the all important revenues and FCF will rise.

[bumpa33] 21/4/2020 13:44

Brasso3 - i suspect they haven’t, it’s a medium term trade, timing pretty lousy regardless. If I’d seen it at 12 bucks this morning I’d have taken that - option money on it not being the end of the world.

[lefrene] 21/4/2020 13:43

I too suspect that the Chinese and Russians will be doing their level best to undermine the USA under the current situation, but frankly the short sighted, massively destructive, selfish greed of the USA ruling class is doing the job for them.

I doubt that many of those working in the MSM would last a fortnight in either Russia or China, they'd be in clink or worse for 'behaviour to undermine the common good', or some such charge.

I suppose Trump is desperate to get to the November elections before there's a total economic collapse, but when you see the Democrats blocking the relief bill by horse trading, then there's nowt to choose between either side. I suppose we have the same problem here, the public representatives believe in nothing at all, except building a career upon the public purse.

[gold finger 1] 21/4/2020 13:40

I was watching the Peter Schiff podcast this morning.
One interesting thing he said.
If a year ago you were asked if you thought gold would be $2000 an ounce, or oil would be at zero which would you think was most likely. I think most people would have said its very highly unlikely oil would go to zero. So most if not all would have gone for gold to be at $2000.
So if oil can go to zero gold could go to 2,3 4000 in no time,and stay there.

[2sporrans] 21/4/2020 13:40

Polaris

I was angling at the POG rather than the GEO.
Around 90% of the revenue will come from gold one way or other.
80%+ from dore prod.
And that $100mn rev. f/c [based on £1480 pog] surely looking all the more conservative
with 30% of year done, gold prod. on target and the av. sales price
close $1600/oz without checking.

[gold finger 1] 21/4/2020 13:29

Lefren

I am of the same opinion.
They will do everything they can to hold the price of gold down.
They will not want it to take over being the safe haven from the dollar.
But will they be able to stop it?
I think the chinese and the russians have the USA where they want them now and will not miss this chance to weaken them further.
The MSM and the dems have helped destroy their own economy.
I no doubt believe they don't care as long as they achieve their goal of removing Trump.

[lefrene] 21/4/2020 13:13

It's low because we are under house arrest, not driving, not flying, not cruising and not heating large offices, factories and other public spaces. And of course there was the small matter of the willy waving between Russia and Saudi, that flooded the world with cheap oil. But yes when we are let out of purdah the price will rise.

[polaris] 21/4/2020 13:12

2sporrans: yeh but...

gold $1600 average ytd cf. spot at $1666
Silver $16.60 ytd but falling fast with spot now $14.80
Copper $5700 average ytd but spot at sub $5000 as i write.

Actual GEO will come in range 70-75 k, but meet forecast on budgeted GEO.

Swings and roundabouts for metals price mix, but still leads to increased YoY revenues.

[gold finger 1] 21/4/2020 13:08

Never try to second guess the market.
It's corrupt,Markets bounce for no reason.
Dollar still strong after all that printing.
Oil drops through the floor yesterday, yet the two majors held up well?
Gold gets dropped and silver seems to have lost it's sparkle completely.

Well for me there are only four places to invest.
Physical gold or silver, or gold and silver miners.
The rest are just to much of a risk at these prices,while no one is working.

Funny how oil is so low while we are all under house arrest, so are not benefiting from the low price. I think i should put that under the corrupt market.