Anglo Asian Mining Share Discussion Threads

[brasso3] 30/4/2020 10:55

There is also lots of talk about a bit green push the other side of this meltdown. Maybe the EU and China will be the main drivers of that.

[pogue] 30/4/2020 10:52

Brasso
Doh you are right Iranian sanctions restarted in 2018.
I agree regards the QE to a point, it was banks that loaned the government cash which was sloshing about to the shalers in the hope of a return on their investment not the government. They are paying for that now as they become oil company owners.
My point though is you cannot predict oil too far in advance there is always something that changes it. Going forward if Trump loses the election the Democrats could stop Iranian sanctions and flood the market again, they dislike oil companies for supporting the Republicans so would not put it past them. On the up side profitable shalers will probably be taken over by large oil companies, Exxon etc and run at a sensible rate rather than constantly drilling, ie only up production when oil price is high, assuming they get the assets at a low price which is odds on just now. Loads of massive known and unknown unknowns out there.

[saint in exile] 30/4/2020 10:45

If the likes of Shell are slashing their divis,ours is going to look very attractive to a lot of pension funds...just saying@

[swallowsflysouth] 30/4/2020 10:38

65% of global oil consumption is used by cars. In my area there has been a noticeable and considerable reduction in the number of cars on the road. Depending on severity of economic downturn and numbers of office workers continuing to work from home as we come out of lockdown will reflected on oil consumption usage by cars in addition to any cutbacks caused by failed businesses ?

[riggerbeautz] 30/4/2020 10:38

Just dawned on me that I’d seen REACT somewhere before, my son worked down the road from them at a leisure centre, think he knows someone who works there. Another one of those small world moments.

About the nearest I’ve come to investing in the local economy.

[riggerbeautz] 30/4/2020 10:11

Mate of mine just text me saying Capt Tom’s fly past was good. Sent me a video too, hope the old fella feels proud. That guy deserves recognition and endless treats for the rest of his days (with luck a good few more).

[e43] 30/4/2020 10:09

Had a couple more lots this AM courtesy of a consistent seller here.

[brasso3] 30/4/2020 10:09

Pogue

The only reason oil did not spike last time was due to the US providing cheap finance to the shale industry (a form of industry quantitative easing). I am confident we will see $100+ but it won't be 2020/ 2021.

[mad foetus] 30/4/2020 10:06

BUR could be good from here. Needs to break £5 obviously

[pogue] 30/4/2020 10:02

I have been pointing out just that fact re V shaped recovery on another board this morning to a less intelligent poster.
Oil spiking is always predicted after an oil slump but does not always happen after the last one Iranian sanctions being relaxed stopped oil at $70ish too many variables to predict oil more than a few months ahead in my experience.

[mad foetus] 30/4/2020 09:59

Do you remember the days when AAZ would surprise with an intraday RNS? Come on guys, send the government a box of Ferraro Rocher and let's get this deal announced!

[brasso3] 30/4/2020 09:56

I do not know how anybody can present an argument for a V shaped recovery in oil. Consumption may get back to around 70m - 80m barrels a day by the year end at best. I can see oil spiking to $100 in 5 years if the US shale industry gets wiped out.

[pogue] 30/4/2020 09:53

Shell not expecting a V shaped recovery in oil prices clearly.

[gold finger 1] 30/4/2020 09:43

Shell hardly falling with that news.
We only have to have a couple of hundred pound sell to drop more than they have.

[mad foetus] 30/4/2020 09:39

EML results out look good tick tock

[11_percent] 30/4/2020 09:39

SHELL....WOW.

Shell have cut their dividend, by about 60%.

Since the WW2, they have never missed a dividend, never cut the dividend and generally increased it.

A lot of the income funds rely on it.

[pogue] 30/4/2020 09:34

REAT having a run up today as well

[goodgrief] 30/4/2020 09:26

"At some point AAZ will get noticed"... at some point AAZ must issue an RNS.

[goodgrief] 30/4/2020 09:25

Shame they skipped a rank. Major Tom has a certain ring to it!

[wanobi] 30/4/2020 09:15

almost forgot, doh Wan !!!!

Happy Birthday captain Tom :-)

& thanx so, so much for what you have done :-)

Colonel Thomas Moore (born 30 April 1920), known informally as Captain Tom, is a former British Army officer known for his efforts to raise money for charity in the run-up to his 100th birthday during the 2020 COVID-19 pandemic.

Moore served in India and the Burma campaign during the Second World War. He later became an instructor in armoured warfare. After the war, he worked as managing director of a concrete company and was an avid motorcycle racer.

Top man :-)

Cheers
Wan :-)

[pogue] 30/4/2020 09:05

Yes nice spike at ORPH looks like its getting noticed.

[pogue] 30/4/2020 09:02

I wouldn't trust the vaccine myself but there are plenty of rich stupid people who will hence the choice of footballers and politicians. Politicians less so in this country but say America where injecting bleach is popular with one or 2nd/3rd world countries where power is given by birthright rather than IQ.

[mr roper] 30/4/2020 08:58

Orph off to a solid start.

[riggerbeautz] 30/4/2020 08:55

Very much doubt politicians will go first either.

[brasso3] 30/4/2020 08:51

I don't think I would pay any price for the vaccine. How can you trust any product that has been fast tracked and I would also be wary about who had developed it and more importantly profiting from it.