Anglo Asian Mining Share Discussion Threads

[bumpa33] 29/5/2020 10:57

ORPH opened choiced at 15, hugely bid - 500k in one place, managed to nick some at 15 through IG, gets to 16 bid and the form switched dramatically. Took 16 and ran. RSP’s are ridiculously fickle...

Closed STCM small gain, closed PYC small loss. That’s me done for the week, pretty uneventful really.

[goldrush] 29/5/2020 10:57

gf1

Hope your funds come from the pension fund in good time to take advantage of the share price here.The SPA Note has set the tone with the Hardman one now eagerly anticipated.

The mention in the SPA Note of news flow events gives us that inkling, that we know and have discussed here, that there are going to be a number of positive updates which can come at anytime...IMHO

[gold finger 1] 29/5/2020 10:56

2sporrans

We all know a second wave will come.
But will they close everything down again, I don't think so.
One i doubt if economy's could afford it.
I also think they know that people will not stand for another close down.

[wanobi] 29/5/2020 10:49

ORPH - I totally misread that one today, thought last nights presentation would have blown the B doors off today :-) LOL Cheers Wan :-)

[gold finger 1] 29/5/2020 10:44

I can't believe how short sighted people are these days.
That or they are just plain stupid.
There are only a hand full of companies out there that are making money,paying a nice divi and are well undervalued.
But we still only have one trade today.
They are too stupid to see that those companies that they think are so cheap still, are going to get the rug pulled from under them, when the true cost of this virus comes out for them, in time.

I honestly can't believe i still bang this fact,when i am still waiting to add another 25,000 pounds worth.
It takes me sometimes as little as 5 mins to send money from my account in england,for it to arrive in my account here.
But no, when finance institutions have your money,it seems to take up to 10 days.

[lefrene] 29/5/2020 10:43

2sporrans, I concur. Since 2008 there has been a 'zombiefication' of many firms only kept alive by falling interest rates and bigger borrowings. Then throw into that mix the lunacy of very large listed companies, borrowing huge sums to buy back their own shares even when profits were falling,(what could possibly go wrong?!).

My guess is that much of the market activity is driven by machines that can measure many things, but which cannot anticipate anything. I'm expecting the machines to react to worsening results, to steadily (or quickly?) grind prices down, and to those not asleep at the wheel to search out quality and value to attempt to preserve wealth. I see gold being part of that, and solid businesses in the gold industry also being wanted. Unhappily, just for now it's as if AAZ were the best kept gold secret on the planet, so gather ye gold buds whilst ye may :¬)

[donald pond] 29/5/2020 10:31

Like the look of that, like the recent director buys, have bought some

[wanobi] 29/5/2020 10:27

many thanx for heads up DL :-) Cheers Wan :-)


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[2sporrans] 29/5/2020 10:26

While i agree with you lefrene, i'm hoping a second leg down in equities won't
make a similar impact upon the AAZ share price as the first one did.

It's hard to 'believe' in this rally as being more than a bear market one, rather than the front end of a new bull market, if you considered, at beginning of 2020, that the 2009-20 bull market was overextended.
That was my thinking and why i was 65% in cash back in January.

Although there were cases to be made for some economies and might include the USA, China and a bunch of what are labelled EM's .....Europe, Japan were already heading into recession and another bunch of 'EM's' were hitting all manner of woes, be they
debt mis-management, oil-gas down-cycle, over-capacity in topped out export industries....whatever.

A lot of economies simply cannot afford to support extended lockdowns.
So, what you are seeing say in Brazil, Mexico....or Russia, India [most nations actually] reflects this.
The ones' that can 'afford', or think they can.....will be paying a hefty price.

Anyway, fwiw, i thought a sharp rally on the initial CB and fiscal largesse rescues in late March was appropriate.
However i did not expect it to last more than a week or 2.
I have not been able to convert my view then into a significantly more optimistic one hence.
Sure, most of the immediate liquidity fears have been assuaged but most of the solvency ones remain.

My expectation has been and remains that there will be a deep 2nd leg sell off, in all risk assets by degrees.
Some assets, sectors, nations/blocs will plumb lower than the first lows; others may well stay above them.
I expect that for equities, stock by stock, the sell off will be less of a dump-everything-for-cash affair than the Feb-March one; there will be a lot more discrimination.

Dunno how this pans out for AAZ.
On the +ve, expect the POG to actually go higher as the sell off will be accompanied
by intensifying deflationary concerns for 2020-21 [yes, some will forsee inflation thereafter] and ever more of the CB + politicos 'rescues'.
However, everything else remaining equal, i expect a selling off of risk/equities to do AAZ share price no favours.
Sure, AAZ ought to hold up far bewtter than the great gamut of small pm miners.
But it won't be perceived as immune to some shared concerns, most obviously of a mine closure, come a 2nd infection wave.

Yet, all else should not remain equal.
There ought to be very +ve news on the resource etc as posted at length here.
The sooner the better.

[lefrene] 29/5/2020 10:25

Bazboa, start a rumour that wearing a pure gold 1oz arm band will ward off all viruses :¬)

I suspect that for every real vaccine monger, there will be 100 scam vaccine merchants. But I prefer my money in a real business making real profits very efficiently, rather than pouring money into the coffers of 'promisors'.

[devonlad] 29/5/2020 10:23

HZD, strong buying this morning, chart looks like it is pent up for a move, I count roughly 5 bottoms on it in recent months so there is very strong support.

[lefrene] 29/5/2020 10:17

gold finger 1, I suspect you are correct, not only for health fears, but large numbers of people will be skint, a consumer economy just lost a large slice of it's consumers.

[bazboa] 29/5/2020 10:16

Can the company not use some of their money in the bank to invest in COVID testing or vaccines? share price would easily double on that news

[wanobi] 29/5/2020 10:15

thanx pogue, yep, I'm watching AVCT very closely,,, for me :-) LOL,,,, TXP & JSE I have the same beliefs pogue, fingers crossed, cheers Wan :-)

[donald pond] 29/5/2020 10:06

Just getting around to reading the SPA note properly. The mention of exploration providing a "busy news flow schedule" is welcome. That's what we need to build momentum.
I very much hope that we are in the position - which the company has created many times before - where they show their leg and give PIs time to buy in before dropping the gown.

[pogue] 29/5/2020 10:00

Opportunity for those who believe the AVCT story today price down nearly 10% on a quiet day.
I have too many as it is.
I bought some TXP though today which has broken my no O&G share till I see sustained recovery in PoO rule seems to be a good prospect though. Aslo bought JSE as I have broken my rule. Its solid as a rock and may buy another bargain so want to be in for that.

[skeptic1] 29/5/2020 09:59

I probably need to sell and rebuy in my ISA...4% spread though

[skeptic1] 29/5/2020 09:58

Nobody is interested in our little co :-(

[gold finger 1] 29/5/2020 09:53

Have the MM's closed down for the day here.
One trade in almost two hours?

[brasso3] 29/5/2020 09:51

Hopefully EQT will retest the wedge at 0.21p. :)

[gold finger 1] 29/5/2020 09:49

Lefrene

Well we move into stage 2 on monday here. They have stage 0,1,2,3.
I can tell you that most people are still not going out.
They have scared the live out of people.
I have just read that they want people to go out and support the local restaurants and bars. Then a few pages later they say that some bars are being fined for not adhering to the law.
I think people are going to be shocked how long its going to be before people get back to any kind of normality.

[goodgrief] 29/5/2020 09:42

... our lockdown Tesco tinned pototoes were surprisingly good! LOL

[wanobi] 29/5/2020 09:25

HZM taking a beating after last nights presentation,,, oh what a game this is,,, GLA holders, cheers Wan :-)

[wanobi] 29/5/2020 09:19

I guess we know the direction now Brasso,,,, blimey, that didn't take long :-) LOL Cheers Wan :-)


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[brasso3] 29/5/2020 09:09

Did not get much chance to look into EQT further but its on the move. :(