Anglo Asian Mining Share Discussion Threads

[cinoib] 14/5/2020 09:49

Mattjos, as I've said before,my target for gold is $2,200 or about 12% beyond the last bull run a decade ago.

[wanobi] 14/5/2020 09:45

many thanx KS, your analysis is much appreciated as always, cheers Wan :-)

[goodgrief] 14/5/2020 09:45

Beginning to warm to Pure Gold...

[brasso3] 14/5/2020 09:42

$2.50 - $3 was mentioned by PB in the past.

[king suarez] 14/5/2020 09:38

Nothing much to say on those numbers from TXP, Wan.

They generated some positive cash on an operational level, but less than previous quarters, as expected, due to production decline and oil price decline. Pleasing to note that some of the gas/liquids production from the Cascadura test was sold - would be nice to know what price it achieved.

I don't fully understand the metric 'funds flow from operations' - it's not quite the same measure as 'operational cash flow' that I understand from the mining industry (from my limited Googling) but I suspect it is keeping the lights on without really adding to the bank account!

Seems a sensible decision to do a 2nd well at Cascadura in preference of Royston (the unknown) and looks like PB wants to wait on the cash to start coming in from Coho before going after the other targets. Having the option to drill another Cascadura well (and hopefully enhance reserves there) will add value and fulfill the exploration licence requirements, which will aleviate any time pressure for going after other prospects and hopefully mean another fund raise is not required at an inopportune time (with prices low) - that is my reading.

Once the recorder logs are evaluated they will have hopefully enough data to book some tasty reserves at Cascadura - and that can be used as backing for further debt financing, if required.

Anyone able to find a source for the local price of natural gas in Trinidad? I know it is higher than US gas prices, but wonder if it is tracking the US price down, or the demand in TT is high enough locally to keep price up?

[wanobi] 14/5/2020 09:31

4D - I don't know, was hoping you'd know Bumpa,, LOL :-),,, as for the potential rise in demand for property outside of cities,,, seems to make perfect sense to me as it must be hell on earth to be stuck indoors in a small central Madrid apartment for 8 weeks, with no Garden or Balcony etc etc.... especially as the weather gets warmer,,, interesting :-) Cheers Wan :-)

[pogue] 14/5/2020 09:29

Jeansey
I am not sure where value is at REAT. I am in because its picks and shovels and I believe that is where the safer if not as stellar growth will be in this boom. I assume they can expand to meet demand, how difficult is cleaning? A few weeks training on the job I would assume with a few certificate courses for specialist areas and you have another operative. They pay well so assume recruitment is not an issue just how many contracts they can win and that is what I am betting on as people and unions in particular get more worried about going to places where there may have been a CV19 carrier.
What's left of my office will all be hotdesks and I heard in a meeting this morning that at day's end deep cleaning of each desk is required going forward. Obviously the inhouse cleaners will do this but it shows that any place with bodies touching equipment will need constantly cleaned. Transport where this contract was won I suggest will be a big one but add in entertainment and you have large markets to work on. Leveraging up with existing clients is where the money will be initially as like with my office the inhouse cleaners will just increase their work load and with REAT's rail contract.

Edit
just read a Transport for London email I received and a quote from it to add to my points above.
'We are doing everything we can to maintain the cleanliness of our network with regular cleaning using hospital grade antiviral disinfectant.'

[wanobi] 14/5/2020 09:28

that could be fun Bumpa,,, I think I'd need to start a new thread for it with a 'picks' table in the header,,, let me think about it,,, cheers Wan :-)

great idea btw :-)

[bumpa33] 14/5/2020 09:22

Wan - how ‘bout having a little fun competition, with the above article in mind. Everyone to submit their gold junior nap for the coming year?

[wanobi] 14/5/2020 09:18

Cheers
Wan :-)

[thomas11] 14/5/2020 09:15

Anyone else intrigued by Bill’s comments on Ugur deep? Looking at the published results these are reasonable grades of Silver, Copper and Zinc at 300m underground from one hole. This is a bit different from an open pit gold mine. He must know a lot more to have made the comments he did and Bill stated we would know plans ahead of the presentation next week. Looking forward to understanding his thinking !

[bumpa33] 14/5/2020 09:11

What’s going on at 4D - is Griffiths still offloading?

[bumpa33] 14/5/2020 09:09

Was discussing this a month ago with an estate agent friend - the only estate agent I’d ever describe as such - that this thing could start a sea change in living/lifestyle, not just in Spain.

[return_of_the_apeman] 14/5/2020 08:57

HSBC and other banks caught with their pants down - doubt they will take a similar position again

HSBC HAD $200M ONE-DAY LOSS IN CHOPPY GOLD MARKETS

(Sharecast News) - HSBC lost about $200m in a single day in March because of disruptions in the gold market that caused prices in major markets to diverge widely.
The bank revealed the mark-to-market loss in a filing about its risk management activities. In the document it blamed the loss on "the unprecedented widening of the gold exchange-for-physical basis, reflecting Covid-19-related challenges in gold refining and transportation".

The market for gold became volatile in March as investors sought safety when the Covid-19 crisis erupted while lockdowns shut mines and transport routes for delivery. This led to market makers and exchanges struggling to price the haven metal. 

The price of gold futures in New York and spot gold in London, which usually run close to each other, diverged by up to $70 an ounce in March. HSBC's loss in late March was unusually big for a market in which leading banks might look to make about $200m for a full year, according to Bloomberg, which first reported the loss.

Some banks have stopped switching trading between London and New York. Canada's Bank of Nova Scotia is shuttering its precious metals division, Bloomberg said.

[jbravo2] 14/5/2020 08:44

I think the MMs have cottoned onto what’s happening
I guess they watch YouTube too :)

[wanobi] 14/5/2020 08:44

TXP - they can't hold it down LOL GLA Cheers Wan :-)

[qazwsxedc69] 14/5/2020 08:41

I think the MMs need stock. Will take at least 60,000 at 1.25. Think we'll see a move up soon.

[bumpa33] 14/5/2020 08:39

Ok wan, i won’t tell you - with all your gains from AAZ, AVCT et al - to spend a little extra/find yourself a decent broker - I promise!?

Mr R - could be right, looks a game changer - I had a price I wanted to pay pre mkt but couldn’t get it done so left it. Unfortunately my man was half asleep this morning, hence one of the “long arguments”

[wanobi] 14/5/2020 08:35

TXP - still cannot get any with HL (I know Bumpa, please don't tell me again to find a decent broker :-) LOL),,,, could be a strong rise from 14% down at the open :-) LOL, we shall see, GLA Cheers Wan :-)

[mr roper] 14/5/2020 08:33

Think Tils has got legs from here, bumpa. Can’t see how their product doesn’t get picked up by big pharma now.

[bumpa33] 14/5/2020 08:31

morning, missed TILS pre mkt, got IMM at 17 after a long argument and sold @ 19 after an even longer argument. EVG, pretty convinced something’s going on behind the scenes there, picked up more yesterday and this morning on the bell.

[wanobi] 14/5/2020 08:31

yep, understood Brasso,,, I just think they'll get funds somehow to pull this off if they need to,,, the opportunity is just so big,,, but hey, what do I know,,, we shall see, Cheers Wan :-)

[wanobi] 14/5/2020 08:30

PUR many thanx for reminder cmb,,, think I shall look to buy some, also on a dip,,, cheers Wan :-)

[callmebwana] 14/5/2020 08:27

Wan,re PUR they have some bumper grades and first gold pour will happen in Qt.4. Fully funded as well.Sprott have a good holding in that one so I have felt if it is good enough for them then it was good enough for me. I will continue to load on the dips. I think it is still very much under the Radar.
The share price is in the overbought territory so it will get traded.
NAI DYOR etc.
ATB.