Anglo Asian Mining Share Discussion Threads

[brasso3] 29/5/2020 13:10

US national debt closing in on $26 trillion.

US tax revenue per citizen now below $10k.

[wanobi] 29/5/2020 12:57

is trading suspended Bumpa? Cheers Wan :-)

fake news?

[wanobi] 29/5/2020 12:54

EML - big thanx MF, bought some the other day :-) Cheers Wan :-)

[bumpa33] 29/5/2020 12:54

Doesn’t help that the twitterati are all over it like a cheap suit....

[bumpa33] 29/5/2020 12:48

Let’s see - with that out in the public domain I think they’ve no choice but to RNS

[lefrene] 29/5/2020 12:47

I'm of the view that it's not feasible to shut down again, and expect something along the lines of, "we have learnt lessons from the first event", and then they will lockdown the elderly and the frail. The phrase 'herd immunity' will be in the media all the time, but commerce will be unfettered.

[riggerbeautz] 29/5/2020 12:45

Should hot it up short term

[bumpa33] 29/5/2020 12:44

Link is behind a paywall - subscription. C4XD are gonna need to RNS to clarify or deny this...

[wanobi] 29/5/2020 12:43

u mean this DL,,, U can't get the link to work!? Cheers Wan :-)



many thanx for heads up btw :-)

[klosters65] 29/5/2020 12:34

Just for fun, I disagree.We need a bigger base of shareholders to minimise the wild gyrations. It is not rational for a company in such a sound financial position.

[devonlad] 29/5/2020 12:28

C4xd moving, see thread for reason, mind that gap!!!

[bazboa] 29/5/2020 12:23

As Matt pointed out I really liked the comparison charts on the SPAngels report. Puts things into perspective, even if others can't see it yet.

[gold finger 1] 29/5/2020 12:15

Bazboa

IMO a wise decision.

Klosters65

New blood,old blood.
New money, old money.
Its all the same.

[mattjos] 29/5/2020 12:12

Paper schemes are all predicated on trust …. that trust wont last for ever

[gold finger 1] 29/5/2020 12:10

Is this the start of the dollar decline?

I was watching a program the other day about paper gold sales.
I think they said that for every ounce of gold,there are 100 ounces of paper gold sold.
Well whats from stopping them making it 200-300-400.
They sell paper at the price of gold.How can they lose.
They just manipulate the price of real gold so they never lose.
You are betting against the house,yet the house sets the price.
Its like a big pyramid scheme, just keep adding paper.

[klosters65] 29/5/2020 12:09

That's great. But more than anything I want to see new blood investing in this company.

[bazboa] 29/5/2020 11:58

Bonus day today....may as well stick it in AAZ as there is no point keeping in my bank. Bought a few more.

[2sporrans] 29/5/2020 11:48

Gf

"But will they close everything down again, I don't think so."

Neither do i gf.

Expect something more targeted/selective/measured.

But with Politicos, can one be sure?

[mattjos] 29/5/2020 11:46

Gold already $33 up on the brief sub-$1,700 drop back 2 days ago. Was that last chance to get Gold under $1,700 ?

[2sporrans] 29/5/2020 11:45

Lefrene

Spot on wrt zombiefication enabled and exacerbated by CB largesse.

Recessions are healthy.

Economies function best when the decisions taken in best narrow interest of
individual companies [also true for people, governments]
are alligned with the braod, best interest of the whole.
CB largesse has, increasingly, fouled this up.

So, if you are company selling into a shrinking market over next few/several years
and much moreso if 'structural' deline, what should you do?

If a really weak performer, closing down and selling off, even entire business, while still worth something is better than struggiling on into ever greater losses.

Stronger companies can either cull within or get into merger where the new combined outfit embarks upon structured "rationalisation"; both are pretty much the same thing.
And what is achieved at end of process is a leaner, more productive and competitive outfit.
If happens across the industry/ies which are in decline, then demand and supply are being kept in balance for the whole.
The evolution of the narrow and broad interests are in synch; effective, efficient and sustainable new equilibriums achieved over time.

Part of the above is to reduce CAPEX, selectively; raise the cut-off bar for new investments.
Dispose of assets that offer least margin going forward.
[If there are new avenues into alternative products/services/markets, then all well and good, redirect CAPEX; but i'm describing where these are not evident.]
Return cash to shareholders rather than invest into overcapacity.
Reduce borrowing, preferably to nil.
Managed shrinkage of business.
Share buy backs may make sense if done when share price is clearly very undervalued but
most Co.s have bigged up when they are inflated, i.e. in late stage of long
bull market.
+ have even borrowed to fund the bbs, which i agree is part of the Zombification saga.

[pogue] 29/5/2020 11:42

Regards small pharmas today they were all suffering on my list with only ORPH bucking the trend ODX have now joined ORPH though in the blue, one of those days. Opposite case in my miners where only 2 are red.

ODR
yes I know re gas play but I was avoiding O&G full stop using PoO as a thermometer basically for the sector. Gas is the product everyone is going to be switching to in the coming years, and hydrogen, to try and go green so its a good place longer term.

[mattjos] 29/5/2020 11:37

i believe they will lockdown a second time & people will obey the rules as they will fear a repeat of the Spanish flu. It will be less tempting to be going outside in the winter months.

Having locked down for the first wave, there is now a clear precedent for what to do when R rises rapidly above 1. Countries have made a rod for their own backs on that and also on the furlough scheme.

A second wave may well require several degrees more QE to get through … Gold will be one of the few beneficiaries of that

[gold finger 1] 29/5/2020 11:31

Goldrush

What amazes me is that people must think that at this moment we have just 4 years of mining life left. When we know that this will be added to when we get the Jorc in Q3.
The other targets are we hope to come on line from 2024.
They could come on earlier along with new plant, all depends what the results show over time.

People seem to not worry what is around the corner with most other stocks. Here they seem to worry what might happen in four years.
Me,i can see that big juggernaut around the corner waiting to devastate a lot of big companies for years to come. Yet their seems plenty of people that can't or don't want to see it.

[onedayrodders] 29/5/2020 11:19

wanobi ORPH
29 May '20 - 10:49 - 20487 of 20490

Yes agreed wan .. I topped up early today and expected a bigger move although I'm happy for the excellent story to play out and strongly suspect great RNS newsflow from next week.

Cathal...

"We are talking to 12 big name Pharma's out of the 20 current serious Vaccine offerings who need our facility to fastrack their test."

(Q: How many of them do you think will sign a contract)

"All of them"

For context each contract would be worth £7m


DYOR
ODR

[onedayrodders] 29/5/2020 11:10

hi pogue .. TXP are 80% Gas play now I believe so PoO not a deciding factor