Anglo Asian Mining Share Discussion Threads

[mad foetus] 31/5/2020 20:36

Thanks Paton, that's what I had in mind but had a bbq to attend to. I know Hayden is a slick performer but EML have got to this stage running a tight budget. His payoff is from his options and so he is aligned with shareholders (with the usual proviso that he doesn't get loads more options!)They are clearly keen to get share price up, but it's a bit chicken and egg: the bigger the market cap the more credibility with banks

[wanobi] 31/5/2020 20:32

Many thanx Parob and welcome to the thread, cheers Wan :-)

[parob] 31/5/2020 20:23

Hi guys.Just popped over from the EML bb as a poster mentioned EML had been discussed here. Thought I'd point out this paragraph from the 9/4/20 RNS - Emmerson newsletter:We maintain a healthy cash position of over GBP1.6 million as at the end of February 2020, having moved quickly to manage our budgets and cut down expenditure where possible. Based on our updated numbers, we are confident these funds will allow us to continue to operate until late 2021, at least. If we make further cuts to our expenditure, we can almost certainly extend that timeline, giving us significant breathing room in these challenging and unprecedented market conditions.------Also during this interview Hayden Locke comments they are financed for a "long way into 2021" (from 10 mins) #EML. https://youtu.be/8bIAfKPkNlYThought this might be useful.

[wanobi] 31/5/2020 19:54

aha, thanx avw, cheers Wan :-)

[allviewswelcome] 31/5/2020 19:51

That'll be because of the recent placing. Pretty much 70% of the Value of the company and at a premium to the prevailing share price. What do they know that we don't is the question in my mind?
I know very little about the company too, was just wandering if anyone on the board knew more about them.

[wanobi] 31/5/2020 19:40

thanx avw, RDT chart, cheers Wan :-)


free stock charts from uk.advfn.com

I know nothing about it,,,, but, big vol spike recently!!??

[wanobi] 31/5/2020 19:37

great debate in regard to EML guys, many thanx, cheers Wan :-)

[onedayrodders] 31/5/2020 19:37

ORPH Media Strategy begins ?

There is rumour ORPH subsidiary "HVIVO" will be live Covid Antibody testing using Quotient testing kit as per their recent partnership and on TV with Piers Morgan this Thursday.

Don't shoot the messenger, unsubstantiated. But here's hoping !

ODR

[wanobi] 31/5/2020 19:34

thanx kk, HUM chart :-) Cheers Wan :-)


free stock charts from uk.advfn.com

[wanobi] 31/5/2020 19:32

do let me/us know if you invest ODR :-) LOL Cheers Wan :-)

[wanobi] 31/5/2020 19:31

many thanx Rb, I shall add it to my list, cheers Wan :-)

The way to trade better by John Piper.... :-)

Zeitgap - Gaps Tend to Close..... I would agree with that Rb :-)

[onedayrodders] 31/5/2020 19:03

Bumpa3331 May '20 - 13:32 - 20597 of 20607

The biggest clue would be if I invested ... coz placing will follow next day !

[bumpa33] 31/5/2020 14:23

Anyway, as you say let’s see :)

[bumpa33] 31/5/2020 14:22

I get your point mf, the price point where it’s done is anyone’s guess, but with - by my guess - little more than £1.25m in the bank they will be coming cap in hand soon.

I know the guys at Optiva were big on this one sometime ago, but they’re no longer broker/Jb afaics. You know what happened there?

[mad foetus] 31/5/2020 14:08

We'll have to wait and see but they don't need working capital for 12 months. They need project finance but they might be able to get there. The CEO is always promoting the company. I guess he wants his options to be diluted as little as possible. Time will tell, but I suspect if they do need to raise they will get the feasibility study out and try to get share price to 15-25p before doing so

[bumpa33] 31/5/2020 14:06

Hmm, maybe pogue - it’s one that’s always struck me as a little too good to be true but the AR initiation is about as deep a shade of red as you can get on your flag.

[pogue] 31/5/2020 14:02

Bumpa
EML mentioned in the presentation, very quickly, that they will be fund raising after the resource is proven up, how much they dilute will be the question, I will sleep on it I may have missed the fun by the shape of the graph.

I am thinking a lot about the macro just now as we are approaching decision time for the markets. Clearly there is going to be a bounce on coming out of lock down, judging by the queues outside pubs in West London yesterday and my niece in Manchester's 3 nights out in row this week, and she is a front line medical worker, there is going to be a surge on the pubs sector but what comes next, 2nd wave of CV19 seems ironed on, will the FED keep firing bullets from their seemingly never ending amoury when that happens, will gold dip this week as optimism drives stocks up same as when a vaccine for CV19 looked imminent, what happens to oil after the initial surge of optimism and when will we find out the real cost to industry of the shutdown.
Lots to consider, I suggest this week will be good for shares, bad for gold, good for oil for how long who knows. I am beginning to believe there will not be another drop in shares though as the 2nd wave of CV19 will be more contained via the track and trace procedure, assuming it works and people adhere to it two 'ifs' there.

Thinking small pharma is still the way to play this with a bit of gold. All the gold lovers are making bold predictions in videos and presentations of a new coming for gold which makes me nervous as when everyone is getting into something its getting near the time to leave. Saw a good interview other day with 2 veteran hedgies talking about where they see the market going and they put 70% probability on gold rising and were using it as a base case to build a hedge. They were split on whether shares would rise or fall.

Anyone have different angles?

[bumpa33] 31/5/2020 13:49

Mf - at the very least they will need to raise for working capital. I’d be amazed if they haven’t in the next 4-6 weeks.

Edit: why else pay one of the most dubious “research houses” in the business to initiate coverage? Why not get Shard on it? And what happened to Optiva?

[mad foetus] 31/5/2020 13:45

I think whether EML need to raise or not is touch and go. Bank financing and government subsidies gets them 80% to production. Chances are OCP will end up acquiring EML, all down to timing imo

[bumpa33] 31/5/2020 13:35

O/t The number of raises seems to be off the scale at the moment, making hay while the sun still shining I guess.

[riggerbeautz] 31/5/2020 13:34

Wan finally completed re-reading The way to trade better by John Piper, his book is all about trading as a business and uses 5 pillars to success, the emphasises winning habits, money management, psychology and good/bad habits. In amongst which might interest you is his reference to Zeitgap which is really for lovers of the dark art of charting lol. For a bit of light reading, you might find it interesting.

[kickingking] 31/5/2020 13:34

Good afternoon all. Everyone working overtime this weekend. Many great links. I don't know if anyone is into HUM another one of my gold share. Interesting link posted by new buyer and taken from turnkey on lse board, (https://www.lemonfool.co.uk/viewtopic.php?f=93&t=23676#p313515) It a very good read and also mentions AAZ. Hummingbird also produces a beautiful gold 1 Oz coin. Well done Wan. GLA.

[bumpa33] 31/5/2020 13:32

EML - you’ve got every clue there they’ll be raising again, soon. Of all of them probably the Align research coverage initiation is the most obvious. If you can stomach the raises, may be a punt. Not for me though.

[allviewswelcome] 31/5/2020 13:24

Does anyone know.anything about RDT mentioned in the podcast (Mentioned from around 50m:30)? Raised 70% of their market cap at a premium? That doesn't happen too often.

[pogue] 31/5/2020 13:05

OK maybe worth a punt with an eye to a swift exit cheers