Anglo Asian Mining Share Discussion Threads

[kickingking] 11/6/2020 17:18

Thanks to the reply from Jeanesy, fozzie and bwana. I asked that question regarding the gold shares more to see which one to sell first. I think as I'm making a bigger profit in TSG it will be the first to be sold as the other two have only started there rises. I think we are soon to get another market correction and I want to have more money on the side to grab some bargains. Enjoy the rest of the day to everyone on this thread and best of luck with your investments.

[mkrpan] 11/6/2020 16:53

If anyone is interested in a max risky leverage play to gold price, International Tower Hill Mines Ltd.

[jeanesy] 11/6/2020 16:49

I would not recommend anything about another's portfolio fozzie. The choice is yours and yours alone. I only had small punts in each as i don't know that much about the companies. I have been in AAZ since the 5p days and slowly built up my holding as my confidence and understanding in the company grew. I wish you luck in whatever you decide .

[polaris] 11/6/2020 16:39

Apologies for the O/T but yes FAANG are currently over-priced, as are a lot of the next generation technology/energy sector. People are buying the dream, as many of us did back in the .com boom. There will be a few big winners but there will be a boatload of losers too.

FAANG are the current generation winners but high growth stocks can only keep up that growth (and valuation multiple) for so long before they become staid and mature, need to reinvent themselves or become the targets for the next, next generation of nimble start-ups.

That's my opinion, particularly what we are seeing in 'green' technologies and sustainable energy economy. I am a research scientist, though the work is now done by my collaborators and students rather than me directly. I do fall back on real, practical knowledge for things like fuel cells and batteries. A lot of the so-called 'green' technologies remain pretty nasty if you look at their full life-cycle impact. Many still start with digging stuff out of the ground, which has quite a high environmental impact, never mind the decommissioning, potential for recycling and storage, and eventual disposal costs.

Mining uses the new discovery techniques that come along to maximise recovery for the lowest achievable cost per unit production. It is process optimisation driven and must use the most up-to-date equipment/technique to prove economic viability. The recovery processes incrementally improve but it is rare to find a totally new technique - last for me in gold recovery was the POX approach, effectively a large hydrothermal-type bomb recovery system (i'm a solid-state chemistry researcher by training). So mining is both high tech and low tech. At the end of the day, it is digging stuff up and sticking it through a processing plant when you get to operations. The fancy, high-tech stuff is mostly in the identification and initial process optimisation steps, which define where you dig, how/if you pre-process and what type of processing plant(s) to build.

AAZ seem to have a decent team. Right now i think their issue is that they have a large number of prospects and it is tough to decide which ones to concentrate on. The most recent exploration report has identified a smaller number of targets for the next few years. There are certainly others. In the long-term, AAZ will do well - again just my opinion.

However, i use multiple strategies/timescales to investing and the markets can be quite frustrating at times.

[fozzie] 11/6/2020 16:16

Kickingking, I hold all three as well. I think I would split my money between POG and PUR. If I could only choose one I would go for PUR because of the Sprott connection. Interested to see what Cmb thinks.

Bought some Altyn this morning, finally after watching and passing up for months and months, numpty! I have plenty of gold in my portfolio, bring on $2000.

Jeansey, I have thought about selling up my Covid stocks. I have DDDD, ODX, ORPH and AVCT. If I sold now I would lose money on ODX, break even on DDDD and ORPH but win on AVCT. It is tempting though as I am keen to add at EQT and EML which I see as two possible blue sky stocks.

[wanobi] 11/6/2020 16:15

free stock charts from uk.advfn.com


Cheers
Wan :-)

[jeanesy] 11/6/2020 16:14

KickingKing I was in AVCT a long time ago when it was a penny share before the consolidation. I got fed up with waiting for it to do what it promised. There was a placing that really hurt at the time at less than a penny and i sold out. I didn't buy any this time, partly as a result of that ,but did have a quote to buy some at 16p not that long ago. I decided to not press the buy button .. the rest is history. Could have made a nice amount of money, but that original placing all those years ago still haunts me.

[mattjos] 11/6/2020 16:14

You have to remember that AAZ is not 'leveraged' to the gold price as it was when it had a shedload of debt that was coming down off the Balance Sheet & neither are we leveraged in the way that high AISC producer is so, i don't expect outsize price gains here off POG .. but, what that does mean is we have a big cash cushion to see us through what looks like is coming along the road.
Yes, we should gain once Gold convincingly breaks $1,750 but, we should not get smacked down as badly as others during the 'bad' weeks of the market hiatus.
Safety, Cash, Dividend, Gold miner … these are things that will increasingly appeal to others as the year goes on

[wanobi] 11/6/2020 16:03

4D GAP now officially announced closed by Wan LOL LOL GLA Holders, Cheers Wan :-)

[donald pond] 11/6/2020 15:58

It does feel to me that the company, through their own announcements and through Hardman, are starting to emphasise Ordubad. It is perfectly reasonable to ask why we are spending a lot of money ($1m last year from memory) on an area that as yet has no production capacity. It's all a bit chicken and egg, but it increasingly seems that Ordubad is the jewel in the crown, and Gedabek was used as a quick win to get the company profitable and self-supporting. But now, we could really do with moving up a gear at Ordubad, because it clearly is the option that gives us the fast route to mid tier producer level.

[2sporrans] 11/6/2020 15:51

Polaris

I take it you're not enamored with the investment case for the FAANGS.
Not at current valuations anyway.

Just a random thought upon...say Netflix.

So this is "Tech."

Is it?

In concept, is the business that far removed from the relatively recently obsolete
video shops one: Rent out home entertainment via the vid. medium by retailers?
Seems very similar to me.
Just a new medium - electronic, downloaded off the internet, courtesy of cloud server tech. which owes origin to likes of Microsoft etc rather than Netflix.
Essentially an exercise on scaling up hugely to reap economies of scale and price out the
competition; the big=monopoly game.

Come to think of it, is the fundamental concept that removed from one of a fee levying library; all riding on a telecoms/cloud-computing infrastructure rather than
bricks and mortar.?

In contrast, is not AAZ high tech.?

I mean, just look at the exploration alone.

Geo-Sat surverys
Airborne surveys
Computer generated mapping.
3-D resource modelling
this loaded onto drilling rigs to perfect their coring trajectories...

roll that into the development work to optimise the tunnel configs.
and into the excavation kit.
Well, they aren't doing it all just by eye.
Software in cab guides lasers to face targets etc.

Then there's the plant.
Not exactly bereft of innovation.
OK, maybe more 'tech' as in techniques of process optimisation - Highly successful!!
than as in cutting edge eguipment techmology.
Still, it's highly productive "intellectual capital" at work.
And it keeps the production flowing and the margins fat.

That's what i like to see.

And guess what?
Gold, copper, silver, ....zinc.
None of them are a passing fad; no fear of obsolescence here.

[skeptic1] 11/6/2020 15:40

There is a serious point here - gold at $1750+ and we are pretty much static. Wtf folks...

[cinoib] 11/6/2020 15:29

I see gold gone possertive and all gold stocks on my screeeen are up bar 1, I wonder which one that is.

[2sporrans] 11/6/2020 15:28

Bleepy/dp

Re. 250k pa gold prod. potential from Ordubad, within 2 years [or indeed a copper/gold mine]

On reading the Hardman note, the following registered with me:

"AAZ’s current thinking on Piyazbashi and Agyurt is that the deposits may not be large enough in isolation to warrant processing capacity and that their high elevation might be problematic. However, as part of a number of producing deposits with central processing, the economics could be favourable. Down in the valley from Piyazbashi and Agyurt is Shakardara, which has a relatively central position in terms of several of the deposits. Piyazbashi is north east and Agyurt north west of Shakardara, while Dirnis is to the south and Keleki to the south east. "

Hence, re. AAZ's current exploration prog. :

"The 2020 exploration programme is expected to amount to 7,200m of drilling,focusing on copper and gold targets between Shakardara and Piyazbashi, Aylisand Dirnis. This work should help AAZ to assess whether the deposits in the Ordubad Contract Area are part of a bigger copper-gold porphyry system."

Whilst 7,200m DD's is a fair few, should it be ramped up to much more, say 20,000m?
From the first para. it seems that ferreting out specific prospects may not result in a compelling near term production case, however getting a fuller picture for the
Shakadara quadrant as delimited above stands a considerably better chance of achieving this.

"A thesis being considered by AAZ is that the heat source of the mineralised system, if one exists, is close to Shakardara. If so, it might be the centre of a copper-gold porphyry system,with quartz veining further out along its periphery. "

The ready cash is there after all and the extra drilling just a few nibbles out of it.

[gold finger 1] 11/6/2020 15:25

Guys, stop posting all those positive exploration results.
The market does not like to hear positive news.

As for the main markets.
Well yes the markets are falling. We all know they should not have risen like they have. But with the fed buying anything, we saw a return to almost all time highs.
What stopping the same madness to start again and the markets hitting new highs.
I have to say i don't trust these markets one bit.
They have learnt how to manipulate the gold and silver market for many years.
They now have moved to manipulating the markets as well.

[mattjos] 11/6/2020 15:16

Here goes Gold now … I do think its time to really strap in on Gold from this point onwards - its going to be a wild upward ride, imho

[lefrene] 11/6/2020 15:15

Mattjos, I fear you are correct, the show is only just beginning, but I'm so relieved that Blackrock using FED money have helped their friends get out of the market in the nick of time!

I notice gold over $1740, not that it would have anything to do with a gold miner as far as the MMs are concerned.

[onedayrodders] 11/6/2020 15:10

DOW jones getting a taste of reality .. they better get used to that, several year bear market for the ponzi scheme down past recent low in March crash and beyond.

[onedayrodders] 11/6/2020 15:09

seems my "Corals betting slip" comment touched a nerve here then.

[spidertricks] 11/6/2020 14:59

It's already becoming a horror show out there Matt I've never known it so quite in my industry to pick up work. I haven't worked since 3rd April and the quietness continues.

[mattjos] 11/6/2020 14:53

Here is where it gets really interesting!

The Dow had its first wave down & then its initial upward recovery rally off those lows. It recovered back to the 78.6% level of the drop & did so in three clear upward waves with Waves 1 & 5 being equidistant.
It's now crashed back below that level today

If this is now the next down-leg commencing now … it could become a rather more protracted and severe decline that results in a new lower low, albeit it will likely take longer to fall down that the first one did.

If the theory pans out then, this next protracted leg lower will see a new low around 9,215

If you have not already done so, I would be dumping everything in your portfolio that does not have the absolute strongest of fundamentals, with plenty of cash on the Balance Sheet & a sustainable business model. We'll have to see how it develop but, I fear the real pain, misery & realisation in the markets and in the global economy is just now starting to set in.

It's going to be interesting as to how the US$ & Gold react from here onwards … no way has the FED, the BOJ, the ECB and all the others finished what it recently started. There is a shedload more QE and stimulus coming along .. it's just a question of when exactly the printing presses are pushed into the next higher gear.
I am guessing it will be as/when the various Furlough type schemes come to the end of the road & then we'll see the true unemployment figures start to get printed & it ain't going to be pretty guys. It's going to be a horror show, imo

[bleepy] 11/6/2020 14:49

Using one of Mattjos phrases... £1 coins on sale for 20p here.

[wanobi] 11/6/2020 14:43

interesting, Steven Mnuchin (US Treasury Secretary) saying the USA cannot shut the economy down again,,, see another 1T$ pumped into the economy and he's happy to go back to congress to get even more money to support the US workers,,,, he's looking for a big rebound in Q3..... and that's with cv-19 numbers rising I hear in at least 11 US states!!! YIKES,,, they are going post covid after all,,,,, but, even with covid getting worse.... nothing can stand in the way of the yanks desire to make money :-),,,,, or should I say,,,, print money LOL,,,, incredible,,, GLA Cheers Wan :-)

[goldrush] 11/6/2020 14:12

donald pond

You are right it is exciting !!

Have you talked to Bill and Steve ?....I did at last years Proactive meeting.... Bill was quietly confident in his own way about Ordubad....obviously he would not get drawn any further.

I did not attend the AGM this year but from the discussion at the time everyone was fired up to get things moving on all fronts.

The Government have made no secret that they want development in Nakhchivan and we have seen newspaper articles to that effect. The main family of Azerbajan hail from there.

We know Azergold have adjoining properties to us.Our testing may show that some of our ore bodies get close to theirs. If the development is going to be major, why not ensure that Azergold are involved, the Government is on board with guarantees and everything is backed by all.

As I said earlier 50% of this would be 125,000oz per annum being our share for 10 years....triples our share price at least.....and with our other 5 new developments + Gedabey + Gosha etc.....you are talking multiples of present share price. That is why I believe discussions are still taking place......IMHO