Anglo Asian Mining Share Discussion Threads

[onedayrodders] 01/6/2020 12:37

hi all

ALTN now 1.5 bid paid and tightest spread I have seen for a long time.
Could be about to take another significant leg up

IMHO

Rodders

[bumpa33] 01/6/2020 12:29

Good call on EQT, nice percentage move to the upside there in a short space of time.

Had a look at RDT, mentioned here the other day, but there’s a wall of stock on offer from Cenkos, the HB, and elsewhere. Can buy half a bar at 5.1, maybe less

[sportbilly1976] 01/6/2020 11:28

wan,

The flip side of this though is that if some of the project is exchanged for financing then it immediately monetises the project and EML's retained stake can be valued, and any 'arbitrage' gap closes to the prevailing market cap

[donald pond] 01/6/2020 11:25

Agree wan, I think he came out of it looking very good. He knows the challenge and its in his skillset. They must be desperate to get the market cap above £100m to give it the credibility it needs in negotiations. fascinating situation for sure.

[wanobi] 01/6/2020 11:19

EML -

CEO really doing the rounds,,, great work!!!

25mins20secs - We've got about £1.2m left,,, No need to raise money for the next 12 months, probably longer,,, FS now used to find partner!!! Big one to write whole equity cheque for us!!! $200m is a small investment!!!! staged investments through dev period,,,, hoping for!!!

Next milestone - deliver a fully permitted mine / sort finances - both by end of 2020 or early 2021 !!!

Some discussion are more advanced than others!!!!

£40m MCAP doesn't help right now,,,, its worth a lot more but market doesn't view it that way right now!!!

Key Question is how much of the project can EML retain through financing!!!

May end up at less than 50% of the project etc etc..

All to be thrashed out now,,,, this is the dance right now,,,, people with money are the ones in control,,, so how can EML be cute???? all about having multiple options to get best deal for shareholders!!!! and we have multiple parties on the hook so far,,,, :-)

So, watch this space over the rest of this year - what deal, IF anything can they achieve!!!

This guys seems pretty honest, straight up to me and he has experience in K & Inv Banking :-)

Fingers crossed - GLA Holders

Cheers
Wan :-)

[fozzie] 01/6/2020 11:18

EML - Thanks for the heads up on this one mf. Bought at 4.7 last week and again at 6.1 today. Happy to just sit back and let it run now.

Had a punt last Friday on EQT at .0029 or .29 of a penny. It's into gassification, or making gas from waste product. Very early stages but it's in a sweet spot at the moment as the world desperately looks for cleaner greener power. A very small position but you never know ;o)

[jbravo2] 01/6/2020 11:17

Exactly and that's what this is at the moment. It's another trough. A low. Looking at the chart over 5 years makes it more than obvious.
It WILL move up from here.
Just a question of when and how far.
And yes, I too think the longer we're here, the larger the move will be. It's obvious really, the longer we're here the further away the fundamental value of the business moves... as very roughly its going up by 200oz x $1000 a day



....as an aside I really enjoyed re-reading some of those posts back in 2016/7 :D

[gutterhead] 01/6/2020 11:13

Well summed up JB. I get the feeling that the longer it takes to move out of current range, the stronger the movement will be.
Just the same as all the troughs I’ve sat in since 5p.
Getting paid to be patient is also a bonus

[donald pond] 01/6/2020 11:09

Halfway through the Crux interview - he's quite an aggressive, probing interviewer, sort of the opposite of Malcy

[mattjos] 01/6/2020 11:07

TRT trying the same:

[jbravo2] 01/6/2020 11:06

You got it gf.
Focus on the fundamentals.

People are forgetting the history here. This isn't unusual.
(I've had a trawl back through to remind myself and am surprised just how often this stagnation has happened)



In April '16 we were still sat around the all time lows of 4-6p. Net debt was 47m and there was inconsistent production.

During 2016 a great many things improved, we got our power connection the the grid, a second SAG mill and the water plant was on order leading to a great run to 35p by Nov '16.
We'd 8 or 9 bagged and mood was good.

During 2017 doubts spread in for many. Mining was halted at Gedabek whilst drilling was prioritised, we used our stockpiles and moved towards getting Ugur into production. Many long term holders wobbled or left over their doubts (would Ugur actually produce, would the plant be sorted?) and the share price moved into a lower range (as low as 16p or so) and stayed under the Nov '16 high for over a year. During that time things just slowly moved on. Ugur came good. The drilling got results. The plants started to work better.
We still didn't surpass that 35p til Jan 18. 14 months later.
Those 14 months were one of the key times to accumulate shares.

But even then we just consolidated between 40p and 50p from Jan 18 to Sep 18. Another 9 months of consolidation. All whilst the fundamentals got stronger and stronger. Til it just tipped.

The next big move was Sep '18 to Sep '19... we flew from 45p to 170p.

So here we are again, following a similar pattern of consolidation we saw in Nov 16 to Jan 18. Will this last 14 months also? No idea. No reason it should, but anything is possible of course.
The point is, just like last time, we're getting stronger all the time. This time we have no debt, more cash and drills going everywhere. Such a stronger company now.

This isn't a binary bet its just a bet about how large the move will be when it arrives.
In the meantime, relax. This is one of the safest stocks to be involved in. The board stand to lose far more than anyone here and will move mountains (pun intended) to bring the company new success.
Oh, and now you get paid to wait.
Perfect.

[wanobi] 01/6/2020 10:55

EML - Pre & Post cv19,,, now trying to get back into that original rising channel :-) Cheers Wan :-)


free stock charts from uk.advfn.com

[skeptic1] 01/6/2020 10:44

I will collect the divi with pleasure - but surprised how the MMs have managed to kill the market for this share. 10p spread...

[wanobi] 01/6/2020 10:37

EML -

2:01 - Company Overview
2:58 - The Exciting World of Potash: Main Producers, Buyers and Size of Market
5:49 - Do We Need More Potash Companies?
7:08 - Morocco as Jurisdiction: Any Difficulties and Concerns?
10:41 - Team Experience and CEO's Background: Investor Expectations
17:25 - Business Plan: End Goal and Steps to Getting There
20:02 - Feasibility Study: A Look at the Results
23:03 - Telling the Story: Marketing Plans
25:15, 28:34 - Financing it All: Multiple Strategies Revealed
27:23 - Next Milestone: What's to Come?

CEO really doing the rounds,,, great work!!!

25mins20secs - We've got about £1.2m left,,, No need to raise money for the next 12 months, probably longer,,, FS now used to find partner!!! Big one to write whole equity cheque for us!!! $200m is a small investment!!!! staged investments through dev period,,,, hoping for!!!

Next milestone - deliver a fully permitted mine / sort finances - both by end of 2020 or early 2021 !!!

Some discussion are more advanced than others!!!!

£40m MCAP doesn't help right now,,,, its worth a lot more but market doesn't view it that way right now!!!

Key Question is how much of the project can EML retain through financing!!!

May end up at less than 50% of the project etc etc..

All to be thrashed out now,,,, this is the dance right now,,,, people with money are the ones in control,,, so how can EML be cute???? all about having multiple options to get best deal for shareholders!!!! and we have multiple parties on the hook so far,,,, :-)

So, watch this space over the rest of this year - what deal, IF anything can they achieve!!!

This guys seems pretty honest, straight up to me and he has experience in K & Inv Banking :-)

Fingers crossed - GLA Holders

Cheers
Wan :-)

[gutterhead] 01/6/2020 10:06

Seems like US have the self destruct button in view. Awful to watch but all going to push gold up and the dollar down.
I can’t remember anytime when that country looked in so much social, political and financial turmoil.

[dudishes] 01/6/2020 09:39

Mattjos,

I'm banking on that!

[wanobi] 01/6/2020 09:30

collect the divi and wait skeptic :-),,,, tis very frustrating unless it's your strategy to do so in which case the share price right now is irrelevant :-) only advice I can offer :-) Cheers Wan :-)

“The big money is not in the buying and selling. But in the waiting.” - Charlie Munger

Hopefully we're now back in a nice upward trend along with the price of gold which should see the share price rise now from these levels :-)


free stock charts from uk.advfn.com

[skeptic1] 01/6/2020 09:27

Well we are basically stuck, aren't we? If nobody is buying or selling then what are we to do?

[mattjos] 01/6/2020 09:26

to say it is going to be a volatile run into the USA election later this year would seem to be a huge understatement!
Am expecting Gold to be significantly higher by the time we get to November

[mad foetus] 01/6/2020 09:18

China halting soy imports from US. Hell boys if we can't sell our stuff for cash we'll have to print more of them dollars!

[mad foetus] 01/6/2020 09:15

EML is currently 6.2/6.3. Multiply by 20 and you get 124/126. WTF is AAZs spread 5 times higher when it's market cap is 5 times bigger? That's what is killing sentiment. Wide spread = low liquidity = few buyers. Simple as that. It has been for at least 6 months the biggest issue facing the company.

[lefrene] 01/6/2020 09:13

Gold and copper wanted this morning, nothing to do with AAZ though!

[ilostthelot] 01/6/2020 09:11

Aaz manangement could learn a bit about promoting the company from EML. These guys are not slow in getting the information out at all.

[mad foetus] 01/6/2020 09:09

Extraordinary drop off in volume over last week. I can see SPA have produced a nice note and done some PR, but with a 10p spread it's never going to get traction.

[wanobi] 01/6/2020 08:56

yep, AA. nice Rb :-) Cheers Wan :-)