Anglo Asian Mining Share Discussion Threads

[piperpeter] 11/6/2020 22:22

Do you perhaps have a number on reserves and production?

Pp.

[brasso3] 11/6/2020 22:19

PP

CERP is overvalued on production and reserves but was valued at a premium due to the quality of their CEO IMO. I think its a bad move merging with BPC but I would still buy if the price goes lower. Happy to be on the sidelines their at present.

[brasso3] 11/6/2020 22:17

Wimbled. I won't be selling any gold stocks.

[piperpeter] 11/6/2020 22:09

Merger between CERP and BPC.

Can anyone advise what CERP's independently certified 1P and 2P reserves are? Also, how much oil the Company is currently producing on a daily basis?

Pp.

[wimbled] 11/6/2020 22:09

Really B3 Au down 0.5% and Dow 6.9%. Could be heading for parity. Dow/Au ratio.

Hold your goldie positions............as I believe September will be the reality check. But need to see divergence between the miners and the main markets.

[bmnsa] 11/6/2020 21:51

I am 90% cash from early week.
Holding 2 gold miners, 1 tech stock, 1 pharma left after selling nearly everything else.
Tomorrow will be a blood bath
Dow down 1861 points nearly 7%.

[mad foetus] 11/6/2020 21:48

Reality check: the Dow's losses over last 3 days erased its gains over the preceding 7. This isn't end of the world territory. For as long as the fed are printing money and bonds and cash yield zero there will be support for stocks at a higher level than you might expect. There isn't much of an alternative

[fardels bear] 11/6/2020 21:43

I recommend cash.

[polaris] 11/6/2020 21:34

Yes, today looks like confirming the recent action as the intermediate top. It went up much further than i thought it would. I wasn't living in another universe but i didn't expect it to fall apart quite so spectacularly. I banked 1 k points on the DOW short this morning and 7 hours later could have banked 2 k...

Now it's a question of just how pear-shaped this will all go in the coming months. Mnuchin said today that the US can't shut down the economy again. If that really is the case, their only option is to take the collateral damage of more deaths. With the movement against inequality gaining strength as this unfolds i cannot see this ending well. If those US numbers really start to see further rise in rate of infection then the perfect storm will unleash itself during H2.

Nothing will be a safe haven but certain asset classes will do better than others over the medium term. I hope i'm wrong.

[cinoib] 11/6/2020 21:32

dow down 1800+, looks bad for morning.

[brasso3] 11/6/2020 21:30

Gold at $1729 on my screen

[onedayrodders] 11/6/2020 21:27

Gold and silver being thrown out with the Dow Jones baby bath water again

[riggerbeautz] 11/6/2020 21:19

Yeah saying that, I know the states has theme parks and plenty of space in places, it’s one place I’ve never really fancied, maybe I’ve met too many of the worst(loud) American tourists. Black, white, pink or blue I just wouldn’t fancy it.

The Canadian’s always seem to have a kind of relationship the Scots have with English, there’s not much kindred love at times! Always tell the tale being in Toronto when the Clinton/Lewinsky thing broke, the Canadians were lapping it up.

Meantime miners getting dragged down a fair bit with the overall market across the water.

[gutterhead] 11/6/2020 20:51

I can’t see US or Ronald holding back the tide till November. IMO

[pogue] 11/6/2020 19:31

UK is following the US where we will land up with a right wing backlash due to the left wing woke madness. Donald Trump is the result and now in a country that is very divided with no middle ground in politics, its a powder keg with lots of guns.

[riggerbeautz] 11/6/2020 19:13

Me too fozzie, bit behind you but tell you, I hope my kids move away from this country, might have some good things but far too soft a touch; think I’ll join you, cheers.

[ilostthelot] 11/6/2020 19:03

Me 3!😂

POG looks highly leveraged to me.

As that debt comes down the share price will go up just like what happened with AAZ.
The POX tech is excellent and only really beginning to bear fruit.

[ilostthelot] 11/6/2020 18:47

Either sell or ride it out and try buy the dips when they come, that's if it does crash like many are predicting.

I'm willing to hold certain stocks through thick and thin, AAZ being one of them.

[ilostthelot] 11/6/2020 18:42

Mattjos 36320 -

If you truly believe that then you would be better selling pretty much every stock in your portfolio.
The last crash proved all stocks go down in a bear market. The next time will not be any different.

I have cut back on some holdings today to hold more cash.

I continue to hold my core holding here along with POG and EML & various trading positions.

If the DOW really does go as low as predicted most of us will do well to make gains over that time frame. Imho

I cant see it crashing until after the US election.

[king suarez] 11/6/2020 18:39

I'm in POG also FWIW.

[fozzie] 11/6/2020 18:11

Matt, post 36320, I agree with your general thrust, the market went quiet last week and I have now had five down days in a row. I hold 36 stocks in my portfolio mainly across commodities, tech and pharma. Almost every company I own is net cash positive and pays a divi. I was down 6% today and am down 13% over the last 5 trading days. When the market turns there really aren't any defensive stocks. A rising tide lifts all boats, the same is true in reverse. Only 4 blue stocks out of 36 today. Difficult to 'dump' anything I hold as its all decent. Much to ponder over the next few days.

[callmebwana] 11/6/2020 17:42

Oh' Fozzie I have only now read your post, I suppose we both are on the same page, though I lean more towards POG because of the hi tech with the POX plants and it being a FTSE 250 Co.
I think POG will wipe the debit off quite fast too.
Also a few of us from this BB are in there,M/F,Wan,you and me, I may have missed someone out too,so apologies there.
I think gold miners is the place to be in at the moment.
Jeanesy,sorry to hear about your loss in the Covid-19 Co's. Like Wan says chin up
and don't let it get you down. Who knows what tomorrow bring for us ?
Such is life these days I am sad to say.
GLA.

[fozzie] 11/6/2020 17:28

Well I did pose the question on Monday morning as to whether or not people were leaving the dance floor. In a portfolio stuffed with commodities, tech and pharma shares I am down 6% today thus proving yet again that there really are no defensive stocks when the market turns. Time for a glass of wine and a nice steak to cheer me up.