Anglo Asian Mining Share Discussion Threads

[swallowsflysouth] 07/5/2020 18:25

What caused pog to do a runner upwards ?

[jbravo2] 07/5/2020 18:16

Aye.
Eventually even the thickos will realise how undervalued this remains. Nowhere near highs unlike most but our results are just getting better and better

[bozzy_s] 07/5/2020 18:06

With gold rocketing ahead at $1717, AAZ's FY 2019 results / dividend announcement possibly coming next week, and Proactive presentation in 2 weeks, I'm expecting a very strong share price next week.

Lots of good stuff coming in the next 2 weeks.

[wanobi] 07/5/2020 17:37

AVCT - cough cough, splutter,,, could this be the first hint at the Cytiva test,,, we shall see cmb,,,, cheers Wan :-) GLA all holders, fingers crossed :-)

[mad foetus] 07/5/2020 17:25

Thanks billy. That's what we need. Results, an update that covers what the plan is to progress to be a medium size producer, a new brokers note and some marketing. As it is online I hope Stephen can present as well as Bill. It is good to get both the financial acumen and the geological passion shining through.

[billyboy2fromiii] 07/5/2020 17:00

AAZ are presenting at the online interactive Proactive Investors event at 6pm on 21st May.

[...]

Regards, BB2

[gold finger 1] 07/5/2020 16:51

I also hope he was as well.

[dan_the_epic] 07/5/2020 16:46

US markets expecting negative real interest rates next year. So you would get charged to hold cash in the bank if banks follow suit in savings accounts. World is going bad and gold should appreciate. Think gold is on a path to a serious rise in short order. I have my chips elsewhere to AAZ but gold surge should float all boats

[mattjos] 07/5/2020 16:45

Talk about 'Here be Dragons':



If this sort of thing does not get Gold moving higher, I don't know what will. Any dips under $1,700 do seem to be getting bought up pretty quickly now

[wanobi] 07/5/2020 16:42

many thanx again to all posters this week, great contributions guys,,, making this, your thread,,, still a useful tool for all I hope :-),,, wishing you all wonderful BH weekends,,, I'm off to read 'market wizards' now with a cold one from my local, the fridge,,, LOL.... Cheers Wan :-)

[riggerbeautz] 07/5/2020 16:04

Hmm LRA was a bit skin of the teeth finally got lucky, mind Nus headed the right way in Oz last night, my last remaining dog of the year; hopefully ditch that without too much damage soon too.

Should have kept some Oz picks longer but the nocturnal hours were a killer. CHN will probably be my pick of the year in hindsight.

[polaris] 07/5/2020 15:38

US don't see that as the date of importance for WW II. They entered the war after Pearl Harbour and declared war on the other Axis powers by default. They see V-J day as the one of meaning, which is in August, although they officially recognise it in early September, despite it not being an official holiday anywhere except Rhode Island.

[wanobi] 07/5/2020 15:36

great work that Rb, well done :-) Cheers Wan :-)

[riggerbeautz] 07/5/2020 15:35

Out AA. Not going to breach 30p but made a 27% gain in a few weeks. Will look again Monday.

Quit LRA too can’t believe it finally got into profit only made a couple of percent as didn’t jump quick enough on opening

[wanobi] 07/5/2020 14:56

yeah, next week would be nice macm, LOL LOL, fingers crossed :-) Cheers Wan :-)

[macmuck] 07/5/2020 14:53

Thanks for the replies re FBDK. I wouldn't have the confidence to try those swings!
Sorry about your loss KS. Last week I sold BZT before the rise and a couple of other loosers. PF is up tho and that is what matters.FFWD may well be another!? I will wait for my £26.30 a share AVCT Wan!! LoL

[wanobi] 07/5/2020 14:42

many thanx KS for putting it into words I can understand, much appreciated,,, Cheers Wan :-)

[wanobi] 07/5/2020 14:40

well done MF, nice work :-) Cheers Wan :-)

[king suarez] 07/5/2020 14:40

I did manage to buy ORPH with this month's savings at 9p, so not everything has gone wrong!

PTAL - As I understand it, PTAL forward sell their oil, since it takes many months to transport (by barge mostly?). They get payment up front based on the oil price as at 'sale date' and then any difference in price between 'sale date' and physical sale is settled up later - either in PTALs favour (if price rises) or the refiner/distributors favour (if price falls).

Due to the drop in oil price, they've received more revenue than the oil has/will physically sell for in the future so they have a 'debt' of sorts to repay, if oil does not recover. This is the 'contingent liability' they are talking about putting on the balance sheet to represent this arbitrage difference. It's called a contingent liability, because the size of the liability is unknown - i.e contingent upon where the oil price ends up when the physical sales are made.

Presumably the cash they received up front for the oil sales has already been spent on recent acviity so they cannot simply pay up the difference from current cash reseres, hence looking to sort out some arrangement to pay this off over the next few years.

It's nothing dodgy, just to do with the huge time lag between delivery and sale of their oil.

Unfortunately, due to the shut in, they have no ongoing production to use net against this contingent liability (i.e deliver some oil for 'free' to pay the difference or generate cash flow to pay it back) so we will have to see what deal can be agreed to finance this.

It feels like a fairly low risk situation given the strength of the business, but will obviously be under greater stress the longer oil stays low and/or the shut in lasts. It's not a huge amount of money for me (my holding) so I will leave it and see what happens as I hope to build a bigger holding in future if/when the situation improves.

[mad foetus] 07/5/2020 14:39

Closed my PLP they got placing away at 445, which is much higher than I expected. Made 16 pts so can't grumble

[c0lin1] 07/5/2020 14:29

Were they in the 2nd world war?

[wanobi] 07/5/2020 14:28

AVCT might just get bought into the close today for fear of missing out on a Cytiva progress RNS dropping tomorrow or Monday am cmb,,,, I could be wrong, but that's my gut/traders feeling LOL LOL,,,,, as if I have a traders gut, eh Bumpa :-) LOL... complete novice that's for sure.... anyhow, let's see :-) Cheers Wan :-) GLA Holders :-)

[wanobi] 07/5/2020 14:25

KS,,, I couldn't understand the risk associated with the financial side of the PTAL RNS this morning,,, stopping production I can understand, but, the seemingly complicated finance & need to sort some sort of deal on that front really did it for me, so I bailed.... what are your thoughts on the finances? thanx, cheers Wan :-)