Anglo Asian Mining Share Discussion Threads

[walter walcarpets] 24/5/2020 11:56

Great interview with Jeff Booth, author of "The Price of Tomorrow" explaining why deflation is going to win hands down. If you're unsure about where you stand on the inflation/deflation debate, watch this - fascinating!

[gold finger 1] 24/5/2020 11:46

I have just watched the Pure gold presentation.
I can see why i was looking at them a month or so ago.
I was a bit concerned at the market cap back then. since i looked at them that has risen 50%. They have debt of $100m + USA. They said they were fully funded but this week Did another private placing for $15m. They forecast to start pouring by Christmas and going into full production soon after. They forecast 60,000 ounces for year one, with an AISC of $800 US. Their M/C now is almost double ours.
Seems to me being listed on the Canadian stock market also would be a way to go here.

[mad foetus] 24/5/2020 11:40

EML and AAU both have great looking charts. Plenty to come still

[c0lin1] 24/5/2020 11:33

thanks for that.

[riggerbeautz] 24/5/2020 11:31

Wan,

I’ll come back to you on Silver producers, I’m just taking a break from shaping the trees, so not much time spare today. Yes ELY chart is rather nice, there’s another I might ask you to have a look at later.

Belated happy birthday to KS (how’s the head this morning ;)) and commiserations to CMB it’s going on everywhere isn’t it.

No more AAZ cheerleading from me, people have to make up their own minds, seems to me it’s all about timescales and expectations, I’m well happy but others are not, all this clamour for PSA knowledge is a bit like being a kid in the car on a journey “are we nearly there yet”, as we all know, you get there, when you get there and keep asking won’t make it happen any sooner!!!

[2sporrans] 24/5/2020 10:40

Colin

Courtesy of crazycoops:

hxxps://event.webinarjam.com/replay/187/n774ytnghx9tx2sw0p

[goodgrief] 24/5/2020 10:03

AAZ spot price getting back to 3Q19 levels would be a start!

[ilostthelot] 24/5/2020 10:00

I bought into EML a few weeks ago it migtt have been Mad F that mentioned on here- thanks. Long way to go on that one.

[c0lin1] 24/5/2020 09:22

can someone please post a link of the proactive event last week.

[2sporrans] 24/5/2020 09:08

Think this is a well reasoned and written article on the
prospects both for POG and gold miners:



The charts back up the reasonings very well.
Like this dot plot which makes very clear that
it's not just lower/-ve rates that support higher gold prices;
the lower the level of rates, the stronger this relationship
becomes:



Inverse correlation of 0.8 [80%] is tight.


With ~47% of gold demand now from investors/Central-Banks, there's
a good chance further increases in demand from them can outweigh a prospective fall
in demand for Jewelry, given 2020-21 wealth impaction in China, India and elsewhere in Asia. [ditto the industrial demand].



The Schroders take on the undervalued Gold Mining sector:

"“Essentially, we believe that gold miners produce a monetary asset for which the long-term outlook is very strong. However, they are currently valued at very depressed commodity producer valuations. This is partly due to the inability of the sector to generate strong returns in the recent past – particularly between 2005 to 2015.

"The reality is that gold producers today are in a very different position to previous years both in terms of return generation and management discipline.

"As an example, even after the recent correction in gold prices, gold producers are earning all-in-cost margins which are close to double those seen at the top of the previous gold bull market in 2011. By contrast, valuations are far lower. As the macro environment shifts, we think that 2020, even if there is more short-term stress, will come to be viewed as a historic turning point for the sector.

“Overall, then, the case for having a gold allocation split between gold bullion and gold equities (primarily gold producers) is strong. Investors understandably worry about the additional volatility of gold equities, as well as the risk that in deep equity market corrections gold equities dislocate from the gold price. The reality is that this risk exists for both the gold bullion price and gold equity prices."

[callmebwana] 24/5/2020 05:43

SFS,I just found PUR when it came to the UK,market. It seemed rightly priced at that time. I have continued to top up on the dips and built a holding in it.
I just post what I have invested in.
I usually start to invest when an up trend has set in. I may pay a bit more but I have found that to be a safer way of investing.

[swallowsflysouth] 24/5/2020 03:24

CMB, sadily most countries now seem to have a degree of risk when investing in their gold mines, including TSG, one of the reasons i am attracted to PUR its in one of the safest countries on the planet to invest in, your suggestion i believe.

[callmebwana] 23/5/2020 22:53

SFS,thank you for your input much appreciated, as it is unbiased. I have a holding in TSG but a small one.

Jeanesy,there is always that very,very
small danger of the Co being nationalised. Who knows for sure where things may end up !! We are living in a world that changes by the day.
Who can guarantee anything 100 % in the market. I have known people lose large fortunes in the market !!

That is why I stated in my earlier post that the sooner things get sorted out the better for all.
Don't forget CEY, President Morsey was on his way to nationalising it a few years back !!

One thing I will never do is to mislead anyone purposely to line my pockets.
Money in a way is a very bad thing. I have seen people completely change their attitudes when they have come into big sums of money or when they have lost it big time.
Yes I do ramble on a bit at times !!

[swallowsflysouth] 23/5/2020 22:02

Jeanesy, as RB said i am a tad impatient, but as said in above message i now have a more unbiased view of situation and feel slightly less negative than i did when i sold. Still wouldn't buy back in as situation could go either way and money now in TSG .

[user2007] 23/5/2020 22:01

Thanks Gary for the details.I dont need anything special so based on the overall feedback I will go ahead with them.

[jeanesy] 23/5/2020 21:54

Strange that if you believe the government are going to take out the company at a premium that you would sell up sfs.. each to their own i suppose.

[swallowsflysouth] 23/5/2020 21:48

CMB and Wan, you have the same thoughts i was having when i decided to get out. Now that i am no longer invested in aaz i can have a more unbiased view. It is my belief that AAZ hold quite a few cards hence the long drawn out delay in news. The government will eventually get its way and i do not believe they will pay a high enough price, but i do not believe it will be a rock bottom price either, more something in between.
AAZ know where the gold is, that is knowledge the government needs. They also i believe run a better mining operation than the government has done to date on their mine. So their are bargaining chips that AAZ are using as best they can. Manipulation of share price would to me indicate they wish to appear to be giving a good deal, so possibly in the region of £2 to £3 depending on potential. Could be a lot less or even a lot more, just my best guess. Could be a long wait before settlement. Good luck with it all.

[user2007] 23/5/2020 21:10

Thanks Colin.

[c0lin1] 23/5/2020 20:45

I would add overall i am happy with them

[c0lin1] 23/5/2020 20:45

I would add overall i am happy with them

[c0lin1] 23/5/2020 20:41

I use ajb as well. Pretty good although the platform wasn't as robust as it could have been during the recent turmoil(not the only one} Can be quite slow sometimes picking up limit orders but not too bad overall.

[user2007] 23/5/2020 20:12

Thank you.