Anglo Asian Mining Share Discussion Threads

[wanobi] 09/5/2020 13:18

very interesting ODR, many thanx for the heads up,,, great work, cheers Wan :-)

[wanobi] 09/5/2020 13:13

its a long one, but, if you only read the very last paragraph it could be worth your while :-) GLA

Cheers
wan :-)

[11_percent] 09/5/2020 13:08

S&P500

The FED is in there overnight, buying the S&P......its a fix.

[wanobi] 09/5/2020 12:45

whereas gold is a beautiful set of pearlers :-) LOL Cheers Wan :-)


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[wanobi] 09/5/2020 12:40

Good day all, trust you've taken some time off over the BH weekend :-) LOL,,, as you say Bumpa,,, the proverbial dentists nightmare LOL,,, cheers Wan :-)


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[cantrememberthis2] 09/5/2020 10:35

Dont forget a monster multibagger here

[hubs] 09/5/2020 09:50

I flew in from Bologna to Heathrow on Feb 29th. 20 minutes from plane to car. Even passports and customs all seemed to have scarpered for tea break!

[brasso3] 09/5/2020 08:30

Pogue

Just seen that too. That could not be worse news for them.

Why would someone coming in from a country (eg. Germany, Singapore, Australia) with a low number of infections need to go into quarantine? Considering that only a month ago they were happy to allow flights in from Madrid and Milan!

PS You will enjoy the oil debate on the PPC thread!

[pogue] 09/5/2020 07:52

Bumpa
Dont bet against the FED....
However airlines are worth betting against as they are going to be murdered on Monday if the 2 week quarantine on arrival article I just read comes true. I am going to guess cruise ships similar thought the passengers may not mind so much due to them mainly being retired.

[mad foetus] 09/5/2020 06:47

There was a lot of discussion about a year ago in relation to the "dip down" ore body. There is just so much that we could be updated on.

[king suarez] 09/5/2020 01:14

2sp,

That's great, many thanks for such a comprehensive reply. I'll need to read a couple of times and possibly look in conjunction with some of the underground maps to get a better feel for the whole deposit.

[2sporrans] 08/5/2020 22:25

Further note on debt.
Can see that it is inflationary, for a while, during the upcycle of business cycles as in developed world frequently since WW2.
Apart from oil price shock ~50 years ago, inflation in UK, Europe, USA etc has been pretty much all wage push. Gov't deficit spending also played a part.
So, when workers got big remuneration rises and this was in context of buoyant economies [usually the case but were exceptions] they could leverage up on higher incomes by taking out a lot of credit [given it was available].
This enhanced spending power, via more credit on top of more cash, led to overheating as supply couldn't keep up with demand other than rapid cost rises at the margin of production/provision.
The resultant inflation quenched by rate rises and the down cycle kicked in.
UK stop-start economy model.
Not at all what we have today.

As for QE and 'money printing'.
Well, if the money from CB bond purchases, accruing with the secondary banks was actually used in the main to loan out to the real economy - usual 15* leverage as for savings deposits - then I could see the potential for a lot of inflation of goods and services prices come an economic recovery.
What we actually have seen with successive rounds of QE is an ever increasing % of the money channeled into asset purchases and ever lesser % loaned out to small/medium sized businesses and individuals. Corporations have binged on debt, issuing ever more debt ever cheaper but this is not a result of 'money printing' per se.
These asset purchases may go some way to explain the ongoing rally in equities, corp. bonds and of course gold. + the Fed and BOJ are buying all manner of bond assets now anyway.
But to what extent does this rally enrich the general populace, working or nay?
For all but the wealthy elite and a very small % of higher salary earners or retirees of that ilk, it's a marginal boon at best and does next to nought to increase their spending power.

What i am seeing is the wealth divide between the richest 10%, top 1% especially,
and the 90% 'below' them widen all the more, now and going forward.
I don't think this will carry on for many years hence though; backlash change probably via the conduit of the ballot box.

[onedayrodders] 08/5/2020 21:42

Wan .. somebody unearthed a potential gem of newsflow for ORPH

ORPH a world leader in "Challenge Studies" have the only purpose built hospital in the world based in London for the same.

The WHO have just endorsed the idea of "Challenge Studies" as the way forward for quicker turnaround on results.

This is the Who report, huge news for HVIVO (Owned by ORPH) the world leader in challenge studies....



And when I say the WHO, I don't mean Roger Daltrey ;o)

DYOR

[bumpa33] 08/5/2020 19:51

You like a gap Wan, check out the S&P for the last three weeks...!

[bumpa33] 08/5/2020 19:50

Seeing increasing commentary/speculation/incredulity at the nocturnal nature of US markets - gap up overnight, go absolutely nowhere during the day.

Are we setting up for another Fed led super cycle amidst the worst real world economic stats since the Great Depression? A world where nothing matters as long as the Fed is bankrolling EVERYTHING.

Or is this the distribution phase at the top of the ultimate suckers rally?

Answers on a postcard please.

[goldrush] 08/5/2020 18:52

Ladies and Gents

Remember if you want to attend the Webinar on 21st May you must register.

See below.

Proactive One2One Investor Forum - 21st May
Hosted by Thomas Coleman, Andrew Scott, Bill Morgan, Mark Child, Jacques Vaillacourt, Darin Labrenz
Thursday, May 21 2020
6:00 PM London GMT +1

[2sporrans] 08/5/2020 16:42

Oh the great and intractable deflation/inflation debate.
Been having this since ....can't recall now but well before the 2008 GFC.....but obviously ZIRP, ever deeper/wider QE and more now including unprecedented bailouts and subsidies.

I stand by my earlier comment that the mammoth debt overhang that must result from all this will be fundamentally deflationary, all else remaining the same.
All debts must be repaid.
Doesn't signify even if they are very low rate [they largely aren't, especially in real terms]; capital repayments are due on fixed days.
Defaulting will be punished.
Debt is to enable higher consumption/investment today at expense of the future, save i guess where much goes into terrifically productive investment.
Or of course there is a debt reset with huge write-offs; not something the capitalist 'establishment' is going to pony up unless forced.

This does not blind me to the very real risk, nonetheless, of inflation that may follow on in the event of a sufficiency of economic 'recovery' that the crisis high saving ratio reverts out and more credit is extended too, along with a considerable increase in the velocity of money circulation [now at a higher level] which could all add up to effective demand, both for consumption and investment, well outstripping the supply capacity. Stagflation in short. But preferable to deflationary depression for all but a few 'rentiers'.

There is also the risk of inflation of a more catastrophic nature.
One where effective demand is kept pumped up artificially [i.e. by state/CB largesse rather than real economic activity - earned incomes etc] in the face of a collapse in supply.
This akin to the Weimar Republic experience of hyper-inflationary depression and we can see it today in Venezuela, Zimbabwe etc.
In these examples, though 'money printing' delivered the coup de grace, the base cause was the crushing of real economic capacity.
Supply of essential goods and services stamped out [Weimar - the French nabbed them] or atrophied away by disastrous governance [V &Z].
But I cannot see it, widespread, coming out of CV19.
Essential goods and services provision will take priority over virus fatalities.
Debt reset more probable imho.

Maybe another, greater, global crisis to follow on though.

[riggerbeautz] 08/5/2020 16:25

Gold stocks on the up across the water, Gran Colombia poised to challenge year highs next week, Roxg too about the same.

[2sporrans] 08/5/2020 15:54

KS

If perchance you're looking in today, I've come back to you wrt your query [post 34749]:

"I see reference to linking up Gadir underground to Gedabek underground via a tunnel extension from pit 4 to 6 - but don't understand the significance of this?"

Basically, the first section of passage [some 600-700m long from memory] gained access
from Gadir U/G to below pit 4 main pit.
This touched on the ores directly below 1 corner of the main pit but the majority of the main pit footprint remained virgin, other than what has been drilled from surface.
A lot of cross passages have been built from that first access tunnel and subsequently short-intensive drilling from them [largely H2 2019]; these have revealed ores similar to those at depth in Gadir U/G - the rock stratum is similar.
I don't think any of the sampling has made it's way into the reported JORC reserves which thus far only comprise Gadir U/G to spring 2019 [extended a fair bit since] and main pit to summer 2018 [!!!!] though re-appraised, basically to retro tally the zinc content estimate in spring 2019.

The second section of tunnel from pit 4 to pit 6 basically bisects the base of the main pit, some way below the excavated floor. [can't recall how far off toh]
Currently, a lot of cross passage work going on which will enable a 2nd lot of short/intense drilling to estimate a JORC reserve, just like for the first section.
Can't see this lot making it into the next, long overdue [Bill Morgan said it ought to be out end of 2019 back last ~Sept/Oct; very early 2020 at latest] JORC report but we will get plenty sample info later this year.

I guess that the body of the ores being revealed by the drilling along the entire tunnel will comprise what shall be labelled as main pit underground or Gedabek underground.
I think that it's all one body of similar rock stratum, though without checking again, there may be some separation between a big down dip body which angles towards Gadir and run through and above by the first tunnel section and what lies below pits 4 to 6 under the main pit. I think that it's all pretty much one and the same body though.
In any event the latter will be more of a gold body than a copper one, in commercial terms.
The part of the main pit that 'fans' out from the perimeter heading away from Gadir has a distinctly different rock stratum; basically it's high sulphidisation rather than low [Gadir side]. This part of the main pit is where the higher copper/lowest gold grade ores come from.
The main open pit, as it is remodeled to extend towards Gadir [requires some headwall removal] for further open cast mining, contains much more gold and lower copper grades, in keeping with the underground ores below it and down dipping towards Gadir - as described above in the tunnel bit.
But it's looking like the grades a few hundred meters down, in the underground prospect, are a fair bit higher than those in the open pit - as I recall.
Then again, they want to be to justify the considerably higher expense of U/G mining.

Hope that helps a tad.

[gold finger 1] 08/5/2020 13:59

From what i have read most the money going into companies like Apple, Amazon, google,and a few others. Its not being spread about. These companies have a massive effect on the markets they are in. Saying that, the ftse is up and that is a basket case.

[brasso3] 08/5/2020 13:37

Next 2 weeks I think.

[2603] 08/5/2020 13:20

Can anyone tell me when AAZ anounce results?

[the stigologist] 08/5/2020 13:19

PYC

2 weekly candle closes above the last one years heavy constricted 'congestion' period

Golden Cross incoming also

Very strong technical signals

Volume precedes Price

[the stigologist] 08/5/2020 12:44

Real finger on the pulse stuff lolz