Anglo Asian Mining Share Discussion Threads

[wanobi] 13/5/2020 17:48

LOL Brasso,,,, almost forgot to say many thanx to you for posting the BM interview :-),,,, so here you go,,,, many thanx Brasso :-),,,,, and yes, a rather insipid blue if I recall correctly LOL LOL,,,, we shall forgive him that though :-) LOL Cheers Wan :-)

[brasso3] 13/5/2020 17:45

The wallpaper looked terrible!

[wanobi] 13/5/2020 17:44

AAZ - those are some seriously funky spectacles young Bill was sporting today,,, good on him,,,, good job Bill,,, lookin good..... :-) Cheers Wan :-)

[mattjos] 13/5/2020 17:40

with the payment of this latest dividend that will be a total of 15c paid out by the company in under 2 years.

For all those shares that anyone here still holds from 12p and under (particularly if in either ISA or SIPP) .. the dividends received by end of July will have totally covered all your purchase costs.

That is pretty sensational, imo

[wanobi] 13/5/2020 17:35

AAZ - had to re-post this Mj post from the main thread,,, for future reference,, many thanx Mj, much appreciated, cheers Wan :-)

PSA

1. The Government hereby guarantees:

(e) that none of Contractor’s rights, interests or property shall be expropriated, nationalized or otherwise taken by reason of any act of any authority of the Azerbaijan Republic. In the event, however, that, notwithstanding the provisions of this Guarantee and Undertaking (Guarantee), any such expropriation, nationalization or other taking of any of Contractors rights, interests or
property (including undeveloped reserves) occurs, the Government shall provide full and prompt compensation in US Dollars at the full market value determined on the basis of a going concern utilizing the discounted cash flow method, assuming a willing buyer and a willing seller in a non-hostile environment and disregarding the unfavourable circumstances under which or following which such Contractor has been deprived of its rights, interests or property. The Government shall submit itself to the jurisdiction of the arbitration panel as provided in Article 21 below and the arbitration panel shall select an investment bank of good international reputation for the purpose of appraising the full market value of said rights, interests and property of such Contractor on the principles stated herein;

[wanobi] 13/5/2020 17:31

many thanx pogue, I shall read those later tonight for sure, cheers Wan :-)


The current dramatic cuts in exploration and production will have a long-lasting impact on the global oil market, with oil prices spiking to above $68 a barrel in 2025, when there could be a supply deficit of 5 million barrels per day, Rystad Energy said this week.


One of the biggest oil companies in the world, BP, is not ruling out that the oil demand crash amid COVID-19 and perhaps the subsequent lasting change in people's lifestyle may have already brought about peak oil demand.

[wanobi] 13/5/2020 17:29

yep, I can see why they'd say that Bumpa,,,, chart-wise that is, fwiw :-) cheers Wan :-)


free stock charts from uk.advfn.com

[jbravo2] 13/5/2020 17:25

Absolutely GG.

IF a new mine is outlined before the 21st we could be there VERY quickly.

[pogue] 13/5/2020 17:25

Couple of articles from an oil recruitment site email not very positive on the oil price either of them though the first one sounded bullish for a second but as pointed out by one poster below article 'If it takes till 2025 there will be no service companies left'

hxxps://www.energypeople.com/news/story/supply-destruction-could-send-oil-to--70
The current dramatic cuts in exploration and production will have a long-lasting impact on the global oil market, with oil prices spiking to above $68 a barrel in 2025, when there could be a supply deficit of 5 million barrels per day, Rystad Energy said this week.


hxxps://www.energypeople.com/news/story/bp-boss--we-may-have-already-hit-peak-oil-demand
One of the biggest oil companies in the world, BP, is not ruling out that the oil demand crash amid COVID-19 and perhaps the subsequent lasting change in people's lifestyle may have already brought about peak oil demand.

[bumpa33] 13/5/2020 17:24

2650 first target on SPX (.382 fib), without further ‘interventions’ that is.

[goodgrief] 13/5/2020 17:19

This could so easily be £2...

[gutterhead] 13/5/2020 17:14

An exploration update pre next Thursday could be on the cards....... that would give Bill a great platform to deliver a strong message
I might have my Elton John crocodile rock glasses on but let’s see
Good luck all

[brasso3] 13/5/2020 16:55

SP500 Support seems to have broken on the hourly chart.

[mattjos] 13/5/2020 16:55

Gold hit $1,700 on the Hourly chart on 9th March and then retreated sharply all the way back to as low as $1,450 in the 'dash for liquidity' sell off.
By 13th April i was back over $1,700.

Since 18th April, the dips below $1,700 on the Hourly Gold chart have gradually become briefer and shallower on each occasion.
Bottoming on 1,659, 1,669, 1,682, 1,692 & 1698 this morning.

Have we now seen enough action below that $1,700 line to call it a new base level, from which to launch the next up leg & second attempt on $1,750 ?

[wanobi] 13/5/2020 16:55

aha, still got my MPH Bumpa,,, underwater as seller still around I guess,,, will stick with it for now :-) Cheers Wan :-)

[wanobi] 13/5/2020 16:53

TXP - nice UT at the close today :-) Cheers Wan :-)

[wanobi] 13/5/2020 16:51

LOL Rb :-) I can see it now :-) Cheers Wan :-)

[jbravo2] 13/5/2020 16:49

@maxplus
It's in there. I read it too. Not going to look it up again. I knew we were getting 3% and wondered what it was now in a post only a few days ago. Think they're doing well to get anything over 1%

@goldrush
You got it! Easy to fund virtually anything even up to matching the size of what we've got.

[wanobi] 13/5/2020 16:49

I must congratulate, praise and thanx those on the main thread who posted some excellent information in regard to AAZ today,,, brilliant, well run thread with fantastic posters,,, your continued efforts, research, analysis & thoughts are greatly/massively appreciated by me and many others I am sure.... great work guys, many many thanx,,,, cheers Wan :-) GLA

[bumpa33] 13/5/2020 16:46

Classy...!

[kickingking] 13/5/2020 16:40

Thanks to some sellers this morning, my limit buy order from last week got triggered and so I have located some funds from Egypt to Azerbaijan. I got a better price then I had limit on. Got in at 117.99p limit was 119.75p. My short term aim is 150p and then will evaluate. I'm happy to make 30%. GLH.

[2sporrans] 13/5/2020 16:38

Listened again to the 2nd 1/2 of the Proactive Video.

Tieing in with the very helpful posts by Matt and KS wrt to the PSA life, extension conditions etc, there was something Bill DIDN'T say which i thought maybe worthy of note; akin to the dog that didn't bark.

Bill spoke about new mines coming on stream and [in usual understated way] 'hoped' for production before "Existing mine life" ends.
He didn't say owt about PSA at all; no reference to expiry, renewal, extension.....anything.
So, perhaps he was being 'coy' but i think more likely he was, as usual, just saying it as it is.
Guess more light to be shed come the 21st.
Did you pick up on when he said the recent POG has been "Not bad" ?

Btw. he mentioned Ugur Deep along with Avshancli-Gilar as one of those new mine prospects being prioritised.
Just a detail worth noting.
Just maybe he meant they hope to get 1 or more of A-G producing before the current
open pit at Ugur is exhausted - wrt mine life comment above?
But guess i'm being a tad optimistic on that one.

I think there's much better than evens odds the share price will recover well past 130p during the lead up until the 21st May presentation release.
There will likely be a note on the latest cash injection and maybe $34-5mn in the bank.
The Hardman II take may catalyse a biggish move,
if perchance SPA don't dilute the +ve ambience.
Given their buy rating they may conceivably add to it.

[bumpa33] 13/5/2020 16:38

I can’t stop looking at AML chart - what an absolute horror show.