Anglo Asian Mining Share Discussion Threads

[budvan] 19/5/2020 11:56

Hi guys.
Which stock looking really hot now? Any ideas
Thanks

[mattjos] 19/5/2020 11:43

like this, on Weekly Candles with Volume:

[bleepy] 19/5/2020 11:40

@HENWI

hxxps://www.piworld.co.uk/2020/05/15/everything-youve-wanted-to-know-about-market-making-but-never-been-able-to-ask/

There’s part one and two to view.

[spidertricks] 19/5/2020 11:39

This might be a bit of a naive thing to say but nevertheless, would it be worth AAZ considering buying and stockpiling a large amount of oil/fuel while prices are so cheap ?

[gold finger 1] 19/5/2020 11:25

I am not the greatest charter,but on the daily chart we have been in a down channel from the high of last September. We have hit it twice since the end of april.
We are also in a up channel since the low on march 19.
They are both coming together now so one has to give.

[mattjos] 19/5/2020 11:22

From SPA Morning update:

Gold miners – Operating margins take off as costs fall while gold prices rise

• Operating margins for gold miners have taken off as costs fall and gold prices rise
• Many gold miners that were struggling to make ends meet at $1,100-1,200/oz gold have seen costs plummet
• Collapsed local currencies combined with a very substantial fall in oil prices has cut costs particularly for open cast miners.
• Reagents which are often derived from oil should also be cheaper.
• Margins in many cases have multiplied from <$100 oz="" to="">$500/oz.
• Gold prices are looking relatively solid at $1,730/oz for now

SP Angel recommended:

Producers:

• Anglo Asian Mining - consistent gold production from the Gedabey gold mine in Azerbaijan
• Chaarat Gold - growth focused FSU producer
• Rambler Metals and Mining - gold with copper production at the Ming gold mine

Developers:

• Scotgold - Scotgold is building Scotland’s first modern gold mine with production due within months depending on lockdown restrictions
• Kefi Minerals – Tulu Kapi project in Ethopia
• Condor Gold - preparing for project development in Nicaragua
• SolGold - 22moz of gold in Alpala project in Ecuador. The project is under evaluation and is backed by Newcrest and BHP Billiton.

Explorers:

• Altus Strategies – around 1moz of gold resource across a number of propspects
• Cora Gold - exploring in Mali along from Yanfolila Gold Mine Humminbirds
• Empire Metals - gold cap at Kvemo Bolnisi project overlying larger copper resource

[henwii] 19/5/2020 11:14

Could whoever put up the link for the former MM interview / presentation could they do so again as I missed it and would like to watch? Or post just the post number.

Thanks.

[skeptic1] 19/5/2020 10:56

That's a good news article. Reduces some uncertainty at least...?

[wanobi] 19/5/2020 10:42

many thanx cmb, cheers Wan :-)

[callmebwana] 19/5/2020 10:40

Wan, your POG buy should show you a profit IMO when the Qt results come in just over a weeks time. So not long to wait.
POG ,is not only a gold miner,it is also a very Hi-Tech Co. Do a bit of DYOR on it and you will see what I mean.
Good luck with your buy of today.
As always NAI.
ATB.

[lurcherslife] 19/5/2020 10:38

hxxps://www.azernews.az/business/165251.html

Apologise if a repeat post..

“The company is now debt free and has a robust balance sheet,” Zamani added. “Our geological exploration program made very good progress. We announced two new significant copper and gold discoveries at Avshancli and Gilar. The mineral reserves and life of our existing mines are being extended and several promising new mineral occurrences are under investigation.”;

[brasso3] 19/5/2020 10:35

MPH is showing a bit of life.

[goldrush] 19/5/2020 10:26

Matt

Thanks for the slide....Guess it is from the CNR brokers note from SPA today. Shows indeed that we are incredible value for a producing miner. Our brokers note from SPA cannot be far away 🤞

[callmebwana] 19/5/2020 10:19

M/F it could be a binary bet there because of the EV battery demand.
In a nutshell absolutely great resource but not good management. The BoD have bought shares @ 1.75 P and 2 P.
It is in the bottom drawer at the moment.
I did a valuation of the resource sometime back and it totals well over $30+Billions.

[pogue] 19/5/2020 10:18

very good video Brasso backs up the worries I have and puts numbers on them.

[wanobi] 19/5/2020 10:03

many thanx Brasso, just watched it,,,, hmm, does make you think hard about things :-) Cheers Wan :-)

[mattjos] 19/5/2020 10:00

Gold looks like it has dipped back overnight to test that April Daily Closing high of $1,730 & quickly found support. Let's see if it pushes on for rest of the week & re-challenges $1,750

[mad foetus] 19/5/2020 09:57

I bought a few AMC looks like it could do a nice bounce from here. Very tight spread too

[2sporrans] 19/5/2020 09:49

Just dripped in another 2k on the dip to 134.75p.

Are these sellers by the minute POG watchers btw?

Whatever, Bill Morgan's latest Proactive video interview gives as
good a heads up as one could reasonable expect that there will be
sp enhancing information out tomorrow and Thursday.

Firstly an exploration RNS focusing on Avshancli-Gilar + Ugur Deep
and how/when AAZ expect to move into development of new mines at these locations.
Secondly, om Thursday an explanation presentation on the matter, with a Q&A
opportunity.
Thirdly, updated SPA and Hardman's reports.
Surely the latter at least will promote both the value and growth prospect
in AAZ.

Who knows, an RNS may even land midday today as DP says.
Another day is nothing really though, given the months we've waited for
guidance on the above development-production prospects.

[oakey1] 19/5/2020 09:43

Great minds think alike....I also topped up POG

[brasso3] 19/5/2020 09:39

Someone posted a link yesterday about the stock market trap allowing big players to exit. This is worth a watch

[mattjos] 19/5/2020 09:37

Below is from an Initiation Note on Condor Gold (CNR) by share price Angel this morning but, useful chart here.

AAZ certainly not expensive on this metric & shows the potential for upward valuation as/when we increase our Measured & Indicated resource figures.

"......Assessed in terms of enterprise value per ounce of gold resources classed as measured and or indicated. The median rating is US$57.59/oz. The highest rated AIM mining company in this respect is Shanta Gold at US$557/oz."

[skeptic1] 19/5/2020 09:34

Was fully expecting that we would have a 7am RNS today...

[wanobi] 19/5/2020 09:26

many thanx for heads up Bumpa, cheers Wan :-)