Anglo Asian Mining Share Discussion Threads

[wanobi] 20/5/2020 17:26

apols KS, crossed wires, I thought you were referring to the one cmb mentioned earlier,,,, yes, tomorrow's one will be around shortly after I guess :-) cheers Wan :-)

[king suarez] 20/5/2020 17:24

I assume it will be on the PUR website sometime in the next day or two?

[wanobi] 20/5/2020 17:22

KS, when you find it, please can you post a link to it here,,, many thanx, cheers Wan :-)

[callmebwana] 20/5/2020 17:21

KS we all play the game differently.
Everyone to their own in the end.
ATB

[king suarez] 20/5/2020 17:19

I will have to watch the presentation, I think, and see what I make of it :)

[sammu] 20/5/2020 17:17

There is quite a lot of expectation here, understandably given comments from Bill - some of this must be in the price even if AAz hasn't reflected the current POG. Beer in hand.

[king suarez] 20/5/2020 17:15

From the website, it appears to be v high grade, with a good sized resource, around 2.5m ounces and decent costs (though higher AISC than AAZ) - NPV is around $400m so the current market cap pretty much already covers the NPV, albeit at a gold price of $1,500 compared to today's price.

Seems to be all about proving up potential for a huge resource akin to what is in neighbouring territory and will therefore rely on this, plus scaling up to unlock further value? May indeed do well, but I don't see it as a better proposition than any other gold miner on the surface of things?

Compare to something like ALTN, with over 3m ounce reserves, albeit lower grade, but AISC could be similar, already in production, though only slowly scaling up due to lack of funds and a market cap way way lower? Risk may be higher - is this just about diversification? I mean POG is only a little over 3 x PUR market cap and also has huge resource and is already mining 600-700k ounce per annum bringing in massive cash.

Sorry CMB, posts overlapped...

[callmebwana] 20/5/2020 17:11

KS, we did discuss PUR me and you.
Grades are 9GM's per Ton. Resource is 5 Mil OZ there is a lot more drilling to be done. Drilling of 1.3 Million Meters. Go to the PUR thread and watch the CEO's interview. It was posted yesterday I think. Tomorrow there is a presentation same as AAZ. NAI.
Please do some DYOR .I am sure you will be impressed.
ATB.

PS. I have never heard of a miner drilling 1.3 Million Meters before. There is a drilling hole every six Meters. Check the indicated resource as well.

[wanobi] 20/5/2020 17:02

follow the Sprott KS :-) In a statement, Eric Sprott said: "PureGold has all the attributes I look for in a Company - location, grade, size and growth."



Cheers
Wan :-)

[callmebwana] 20/5/2020 16:48

Thank you D/P. The pure gold mine is going to be a biggie for sure.
The grades are great and the Canadian $ is down. I can see this one multi bag.
I have been on about it for a while and am glad that some have cottoned on it at last.
GLA.

[king suarez] 20/5/2020 16:48

Admittedly I haven't really looked into PUR, but at a market cap of £255m and pre-production, with some debt - why does this have better potential than any other gold miner to multi-bag?

Market cap already much higher than many producers - is it grade, resource size, location or a combination?

[wanobi] 20/5/2020 16:46

free stock charts from uk.advfn.com


Your wish is my command DP :-) LOL

Cheers
Wan :-)

[donald pond] 20/5/2020 16:38

Look at Great Bear Resources. you won't believe the chart. They've got the plot of land next to PUR

[jbravo2] 20/5/2020 16:36

Im gonna have a beer to make sure I stay calm tonight
Cheers all

[callmebwana] 20/5/2020 16:34

Ah' Wan I see you bought into PUR !
I hope you paid the right price. Next year Wan,watch the share price!! This one could multi bag IMO. It is going to be a great investment IMHO. GL to you and me and the other holders.
ATB.

[jack jarvis esquire] 20/5/2020 16:33

See what tomorrow brings then

[wanobi] 20/5/2020 16:28

LOL fozzie, indeed, indeed :-) LOL Cheers Wan :-)

[wanobi] 20/5/2020 16:28

many thanx for posting that link Cel, cheers Wan :-)

[wanobi] 20/5/2020 16:27

not me kk, cheers Wan :-)

[wanobi] 20/5/2020 16:27

I paid 71.7p cmb :-) LOL,,, well done :-) ,,,,, going to a Bar, I remember doing that way back when,,, in my youth :-) LOL,,,, Cheers Wan :-)

[kickingking] 20/5/2020 16:24

Is anyone here shorting trainline? The shares are not far off pre covid. An app valued at over £2.2b. Massive debt and will report no profits for this year and probably next.Who is buying, seems there is no logic to this share. Have taken out a short at 460p.

[callmebwana] 20/5/2020 16:22

Wan,I have just done a top up on PUR.
I had to pay 71.5P. Very happy with the top up. I have been to the bar and just got in and checked the price. I think it is a gift. Time will of course answer that NAI.

[wanobi] 20/5/2020 16:08

many thanx for the AVCT chart stig, fingers crossed :-) Cheers Wan :-)