Anglo Asian Mining Share Discussion Threads

[mattjos] 19/5/2020 16:28

something certainly looks to be brewing in AMC with that significant pick up in volume today .. no idea what but, the money is moving in there today

[mattjos] 19/5/2020 16:21

broken out now on the daily, afaiac

[callmebwana] 19/5/2020 16:18

3) The AMC resource Kun Mani is in the Amur region of Russia. The nearest BAM railway station is 300 KM from the resource. A road has to be built to get to the resource, there is a rough road half way used for forestry.
12 bridges/culverts have to be built in the completion of this road.
The Russians have agreed to give low cost finance to build this road. I think AMC/ or other Co will have to prove to the Russians that they can develop this mine before any loan is given.
The Russians may give certain grant's as well.

[terropol] 19/5/2020 16:15

If we crack the £1.40 line then £2.00 next stop.
Now how are SPANGEL and HARDMAN going to value the company???

[wanobi] 19/5/2020 16:12

many thanx for the thread tick up today, much appreciated to know you like it,,, cheers Wan :-)

[wanobi] 19/5/2020 16:10

copied for completeness and future reference, on my part LOL,,,, many thanx Mj, hope you're ok with me repeating your post here, cheers Wan :-)

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

[crazycoops] 19/5/2020 16:08

You're welcome bleepy :)

[callmebwana] 19/5/2020 16:03

2)
AMC is working on a TEO at the moment.
TEO the Russian version is equivalent to Western DFS. It is supposed to be finished before the end of this year.
Not too long ago Mr. Thomas Bowen was appointed to the BoD. He was the CEO of IG Copper,it was a large Copper discovery in the Amur region where AMC discovery is.
He sold that discovery to a Russian Co. for $200 Million.
Mr. Bowen has spent $160K buying shares in AMC close to 2P a share.
Robin Young the CEO and members of the BoD have bought shares in AMC as well.
I think RY spent £85K and paid around 1.8P a share and some members of the BoD
did the same Paul Mcay spent £65K.
I am bit unsure exactly of the price
paid by everyone. Please you can conferm
this by a bit of DYOR.
Appologise for that.

[lefrene] 19/5/2020 15:54

So far the yanks are doing really well keeping the banking crash out of the public eye. It's that covid19 that's to blame! I guess when they sell gold short, then at some time or other they have to cover that short, if I were china I'd be making it as expensive as possible.

[wanobi] 19/5/2020 15:52

Condor, CNR, as mentioned on the main AAZ thread, nice chart, well done all holders, cheers Wan :-)

as per Mj post 35335 on main AAZ thread, share price morning update...


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[c0lin1] 19/5/2020 15:44

its all about the dollar GF.

They have to create the illusion that it is all powerful otherwise the whole game is up.

[goldrush] 19/5/2020 15:44

Just shows what a good Brokers Note can do....

SPA issued one on Condor (CNR) this morning....now up 17% today.....let's see what happens when ours are issued....

[callmebwana] 19/5/2020 15:41

1)
M/F..D/P... Matt.
AMC is the only Nickel discovery Co.
with full ownership of this (2nd largest
Nickel Sulphide deposit in the world) in Russia.
Putin declared Nickel as a strategic mineral in Russia. No forign Co. Can own more than 25% in any Nickel Mine in Russia.

AMC had applied for their mining license
before Putin made this low. The Russians honoured AMC with a full 100% ownership license in 2015.
I think just the License is worth more then what AMC is valued at the moment.
I will continue about AMC in smaller posts. I did a very long one and then my internet went off . FFS.
I will try and provide more info in the next post.

[gold finger 1] 19/5/2020 15:40

I do find it amazing that the fed and others are printing this money and it seems to be being thrown at anything that is not making money at the moment.
Yet for gold miners they seem to just want to throw money at trying to short so stop gold and miners going up.

I don't think its right that the USA can print an endless amount of money and then use it to depress the only thing that is real money.

[lefrene] 19/5/2020 15:40

Mattjos, this company is so well run, and so cheap, that it has the feel of a stolen car about it!

[mattjos] 19/5/2020 15:34

we're rammed hard up against the downtrend line right now, which saw its first peak at £1.75 at start of Sept 2019. At that time was Gold was just cresting the $1,500/oz level.

Nine months later and with Gold virtually $250/oz higher, a terrific 2019 in the bag and first 5 months of 2020 in the bag at over $1,600/oz average …. by rights, we should now have the energy to push on through this line of resistance.
Just needs the right news and associated volume and we should then be off to new ATH's, imo

[riggerbeautz] 19/5/2020 15:26

Agree which is why I keep playing small trade batches for beer money. Few hundreds here and there, could tell there was no substance this time, so collected again. If it runs up I’ll collect on my core stake.

[bleepy] 19/5/2020 15:24

@crazycoops

Apologies and thank you for MM link, posting from memory and had it mixed with something Brasso posted. A great watch from the horses mouth...

[brasso3] 19/5/2020 15:22

I have a feeling its going to have a much bigger spike at some point. The market cap. is tiny!

[riggerbeautz] 19/5/2020 15:20

Brasso managed to do another FDBK churn, it really is quite easy if you’re not greedy; that’s my 6th now.

[11_percent] 19/5/2020 15:07

PUR

Gold miner....takin off....

[wanobi] 19/5/2020 14:56

many thanx kk, what's the catch /risk ? Cheers Wan :-)


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[lefrene] 19/5/2020 14:54

I do wonder if gold might reach a capitulation point where those who have been shorting suddenly lose control? I wonder how much the FED is willing to chuck at the short side, although I suppose they can always just go and print more play money. But of course that's one of the main reasons why gold is climbing anyway.

[wanobi] 19/5/2020 14:53

no problem macm, thanx for heads up, cheers Wan :-)


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[macmuck] 19/5/2020 14:51

If interested in VLS...Jet fuel from waste!...PP imminent...Please join a new telegram group.

tg://join?invite=PXgPERkTr1HriNa2LwYOxQ

Thank you.

Hope this is OK to post?