Anglo Asian Mining Share Discussion Threads

[brasso3] 16/6/2020 10:02

The chart at SHG is starting to look ripe for a move upwards.

[mad foetus] 16/6/2020 10:00

Can't help but feel we are one RNS away from everything becoming clear. At IPO the plan was to be producing at ordubad within 24 months. We bought ugur on stream in 12 months. Now we are told 2-3 years for the new mines...I think we could move much, much quicker. Just need the pieces to fall into place

[pogue] 16/6/2020 09:59

MF
the plan is for the UK to be a net zero carbon emitter by 2050 from 1990 levels, if we are not going to significantly increase electricity use how will it be done?
Regards the fuel duty I am pretty sure the UK government will not just swallow the loss to tax revenues on petrol cars going forward and the logical way to recover that is to tax electric car 'fuel'. Petrol is cheaper than bottled water if you remove the taxation.
My point is the cost of electricity is what the consumer pays just like the cost of petrol not the production cost. As I said oil is free once you take away the costs to produce the infrastructure same as green power, thing is oil infrastructure is largely built and paid for unlike green power.

[gutterhead] 16/6/2020 09:55

20-30p was about a year, 30-40p about the same, 70-90p 6 months or so
Feels like we are about to go again
we just have to remember, not all are into the AAZ detail like us and don't react as quickly

[gutterhead] 16/6/2020 09:50

Gold has had numerous bounces off low $1700 now
won't take much to push through $1750 and onwards
AGM in one week and that normally means an RNS on the morning......
From memory, that's how the maiden DIV was announced
If its a more detailed RNS then maybe later this week
good luck all

[mad foetus] 16/6/2020 09:45

As for the large increase in energy demand you forget that for a long time - at least a decade - the UK has used less electricity each year. EVs will increase demand but from a low base. But where I do agree is that the government haven't got any idea of how to roll out an EV charging network. It's why I think hydrogen will have a big part to play

[avsome1968] 16/6/2020 09:43

wan

What does everyone think of RDSB (shell) i think its undervalued millions saved not paying div, i bought a small trench this morning.

[mad foetus] 16/6/2020 09:39

ACP firming. I thought yesterday's RNS was great and the share price is massively undervalued

[mad foetus] 16/6/2020 09:37

I said over the last 5 years. In other words for at least 5 years none of the full time energy price consultancies have been predicting power price rises at any time in the future. Offshore wind no longer gets subsidies in most of Europe. To say that power prices must rise to offset tax losses elsewhere is absurd.

[pantsonfire] 16/6/2020 09:36

good morning Wan. Did you manage to look at PXC over the weekend? I'm just curious for your opinion? From my perspective, I believe this is a share to buy and to hold on to, not for trade. If what the company have been announcing continues (they have been very good with flow of information this year) I think it'll just glide up and up. We are expecting the first RNS any day soon on the results from the Red Star drilling programme, so time will tell.... My guess is it won't be too late even after these results are out, as the drilling programme will deliver results through the summer, reducing the risk as we move forward, so we'll go forward from plateau to plateau, but with an ever increasing price.

[pogue] 16/6/2020 09:32

The cost of the new infrastructure for the large increase in electricity demand has to be paid for plus the taxes that will have to be applied to recover the loss in petrol duty will push up the price of electricity for cars, 5 years was not the time frame I was looking at as oil will still be dominant then.

[mad foetus] 16/6/2020 09:28

Pogue I get reports from power price analysts as part of my day job and over the last 5 years I have never seen one expert in the field suggest power prices are likely to increase beyond the rate of inflation

[riggerbeautz] 16/6/2020 09:20

Might take some TSG, just seeing if it will edge back a bit, should be good for at least a trade to mid 90’s, that’s all I’d be looking for.

[gold finger 1] 16/6/2020 09:19

Just look at all those buys,they may not all be buys but most are.
I have been saying for a while that there is a buyer and a seller in the background.
Why they could just not agree on a price and transfer them from one to the other is beyond me.
Because that is what has happened anyway,but over months instead.

[pogue] 16/6/2020 09:18

fozzie
the way to store all the surplus electricity produced by green sources at times people don't need it is in the form of hydrogen via H2O electrolysis and that is where the market is going. At the moment O&G companies are starting to convert natural gas into H2 gas but they are clearly doing that so as in the future they will have the plant for the hydrogen economy. Hydrogen can then be used in a fuel cell to produce electricity very wasteful over all in energy terms but gets round the massive issue of how to store electricity.
For me the economics of green energy is not good as if you claim sun and wind are free after building the infrastructure so is oil only oil is a dam sight more useful than renewable energy and is used in the manufacture of all green infrastructure in the form of plastics. Long term people will find green energy costs are going to get very high but the sheeple have to be conned into accepting it first as once you go down that road there is no turning back.

[mattjos] 16/6/2020 08:57

Now, come on AAZ. Closed the gap yesterday. Another $1Trn infrastructure stimulus coming in USA. US$ weakening, copper and gold strengthening. We should not be dithering about in the 120's any longer

[wanobi] 16/6/2020 08:53

TSG - I took some today jeanesy,,, only a free ride number of shares from past profits,,, now that LOM is approx sorted,,,, I read approx to mean it'll be going up,,, we shall see, GLA Holders, Cheers Wan :-)

[cinoib] 16/6/2020 08:52

Was just about to say something silular then the bid went up 5p all we need now is another 75p then we will be at fair value.

[donald pond] 16/6/2020 08:50

Tesla are probably the best bet, they got a licence yesterday to become an energy generator in the UK. CWR batteries are great, but probably the best way to convert excess present energy to future power is to use it to convert water into hydrogen and oxygen. There is a wind farm in the Shetlands or Orkneys which already does this: when it has too much energy the excess is used to make hydrogen. I believe Orsted has just announced plans for a 3 gigawatt wind powered electrolysed in Denmark. That's the easiest way to go.

[fozzie] 16/6/2020 08:40

I am told that it's all about energy storage. We can produce it easily enough with wind turbines or solar panels but we still cannot store it. Electric cars will lead the way as they will develop batteries that can store energy, solar and wind will follow. Imagine being able to store enough energy in the summer from the solar panels on your roof to power your home during the winter. Interesting stuff but how to play it, anyone got any good ideas?

[mad foetus] 16/6/2020 08:29

I've added CWR again, sold out last week but it was well bid yesterday and I think green energy is going to have legs from here.

[sportbilly1976] 16/6/2020 08:26

So the FED in essence now has amended the largest capitalist economy to a quasi-state owned one?

Any sign of market distress and they jump in to buy up Corporate debt...too crazy to fail now!

[donald pond] 16/6/2020 08:15

Tried to get some AVCT at the opening but IG could only oblige with £10 per point!

[avsome1968] 16/6/2020 08:13

Morning all

Large trade went through on GDP yesterday seller may have finished one to watch.