Anglo Asian Mining Share Discussion Threads

[wanobi] 24/4/2020 13:32

took a couple of hours away from my screens,,, so, many thanx all for your posts, much appreciated,,, I've quickly scanned through them, especially your long one pogue, but I shall re-read again over the weekend :-) cheers Wan :-)

[mattjos] 24/4/2020 13:31

That will give Gold plenty of time to keep moving upwards

[jbravo2] 24/4/2020 13:25

Hey we’re all baffled gf but here we are
I suppose it’s a composite of many reasons but for now we remain unloved and overlooked. It is a long overlooked stock but it’s only been this bad (the disconnect between share price and the real world situation) a couple of times.
We make staggering amounts of cash, I just console myself with the fact that it ultimately comes to us via divi now we’re debt free and rewarding shareholders handsomely.

[the stigologist] 24/4/2020 13:12

how tedious

[pogue] 24/4/2020 13:11

Brasso
this is totally uncharted territory its fascinating even though it is totally ruining the industry I work in I can only watch on in amazement as the whole world is turned on its head.
We had a webinar yesterday from the a few head honchos at the company I am working at which is a contractor and they are talking about massive changes going forward in how they do business, even starting to move away from oil and gas as more towards hydrogen to tie in with the new energy source of renewable electricity. Whole new world being formed infront of our eyes....

[brasso3] 24/4/2020 12:59

Pogue

It does feel like a high stakes game of 'pass the parcel'. Except this time round nobody will want to be holding it when the music stops.

[pogue] 24/4/2020 12:56

sorry Wan never looked at TXP, at the moment the O&G companies that will survive are and low cost producers with little debt and preferably a large balance in the bank to use, be it via bank borrowing drawdown or profits everyone else its an individual basis.

Brasso
the more I read about the storage situation the more I am convinced it is going to happen again with the June contracts. There will be less storage and the traders with storage or reserved storage and the normal consumers such as refiners now know what they can do to the oil price by waiting. The only thing that can save sellers is an uptick in demand, I am not convinced shut ins or global cuts are going to change anything without that as oil is still going to be produced and have nowhere to go due to the lack of consumption and that is the oil that will set the price.

[gold finger 1] 24/4/2020 12:42

I can't believe that people are selling here.
Do they have no sense of what's going on and what's going to happen.
I expect they look at the price of gold and think its not far off all time highs and a fall is due. Well this was a good investment at the start of 2019 when gold was about $1280 and the share price about 96p.If you just take the results we have had since then for the exploration that has been going on.Then the fact that oil has dropped so much you would have to say the share price should have gone up on that news alone.
Take it that at $1280 the company was making a very good profit. So at about $450 extra an ounce it beggars belief that we are where we are priced today.

I can't see why the market would be waiting for the results to be released before they re-rate the company, when all the info is out there to see that they are going to be very good indeed.

[swallowsflysouth] 24/4/2020 12:39

Wan, I seem to recall reading somewhere or the other something along the lines that there is likely to be a shortage of gas because of oil wells shutting down. The reduction in gas produced by such a event being greater than the reduction in the amount of gas needed caused by recession. So holding onto my TXP in the meantime as there was also a shortage of gas available prior to current events in Trinidad.

[kickingking] 24/4/2020 12:23

Wan in my thread double or bust, today I have achieved my double. I will let my challenge run and see if I can double again. It only pocket money.

[lefrene] 24/4/2020 12:14

m-f, I have wondered if gold will reach some sort of 'tipping point' perhaps around $1850, and then shoot to circa $2,500, perhaps connected to paper holders demanding physical delivery? Which would indicate loss of confidence in the dollar and also perhaps loss of confidence in the State's ability to manage the economic situation.

[mattjos] 24/4/2020 12:07

not that i am aware of jb

[mad foetus] 24/4/2020 12:01

Gold ready to have a look at 1740. At some point the share price here is going to catch up and it is going to be dramatic

[jbe81] 24/4/2020 12:00

I suspect he is done, just flipping some placing shares, expect to see it back to 60p.

[bumpa33] 24/4/2020 11:57

Then again, does anyone adhere to TR1 rules these days 🙄

[bumpa33] 24/4/2020 11:53

That might imply he’s done for now as you have limited time to report a bulk trade, without having to report each % threshold breached.

[bumpa33] 24/4/2020 11:51

Bought a few back 4D on the holdings RNS dip - so it’s Richard Griffiths reduced, from 15% down to 8.9

[jbravo2] 24/4/2020 11:46

I wonder if anyone can help?
I have L2 on ADVFN which of course shows each trade and guesses whether it’s a sell or buy. And of course where the MMs all sit on the book.
Is there a platform which shows which MM carries out each trade? ADVFN doesn’t show that. Does anyone?

[jbravo2] 24/4/2020 11:41

Something intangible
Feels like pressure is building
Not long til we see the results now

[broken_arrow1] 24/4/2020 11:24

Keep an eye on Phoenix Copper (PXC) 9p - increasing volume, company recently raised $2m at 15p a share.

Listed at 40p - only 52m shares issued - major holder bought in at 15p owns 22% - directors own 10%

Aim is to become a producer next year - initially of Silver & Lead, low cost operation in Idaho in US, targeting early revenue of $42m pa then move to main copper mine in 2022

Shares are heavily oversold at 9p, only £4.5m m/cap.

[brasso3] 24/4/2020 11:13

June contract expiry could be worse as at least when the May contract expired there was still storage space. 4 weeks later will that still be the case? The OPEC+ cuts have not even started yet and its questionable how they will be acheived.

[riggerbeautz] 24/4/2020 11:09

Brasso that sounds about right, I’m half expecting LOIL to go up in smoke and left it alone for that reason; although gambling on Crude price a little.