Anglo Asian Mining Share Discussion Threads

[spidertricks] 27/6/2020 06:18

This guy is saying that theres encouraging signs that gold could breakout.

[jbravo2] 27/6/2020 00:02

Over 14% on revenue
Over 25% on profit

[mattjos] 26/6/2020 23:28

$1,700 Ave. for FY20 v company assumption of $1,480.That's 14.86% increase. Potential H1 2020 & FY 2021 dividend is beginning to make a complete mockery of the current share price.

[mattjos] 26/6/2020 23:23

"Thus Metals Focus sees the gold price average for the current year coming out at $1,700 – below the current level. But bear in mind this is an average price. Given the gold price started the year at only around $1,530 the $1.700 average prediction leaves plenty of scope for the spot price to rise to $1,800 or above during the remainder of the year. The consultancy's actual comment on the price going forwards is as follows: "Looking ahead we are confident that the macroeconomic backdrop will continue to be positive for gold for the remainder of this year. Even under the most optimistic scenarios for an economic recovery, risks will abound and ultra-loose monetary and fiscal policy will continue. We thus expect professional investors will remain buyers. This is the main assumption behind our forecast that the price will test all-time-highs before the end of the year and the average for 2020 will be 22% higher y/y, at $1,700."For a conservative consultancy prediction you can't get much more bullish than that!" https://www.sharpspixley.com/articles/lawrie-williams-top-20-gold-mining-countries-russia-now-no2_297589.html

[mattjos] 26/6/2020 22:08

Great weekly closing price for Gold.A close over 1769 on a monthly basis would be terrific as that would leave only one other time in history that gold has a monthly close any higher.You do get the feeling that the gold price ceiling is beginning to buckle with the upward pressure.

[friendzarin] 26/6/2020 18:15

I see on an Azergold News item 9 out of 148 Head Office (Baku) had tested positive for CV19 in the few days lead up to June 21.

[cybernest53] 26/6/2020 17:44

Jeanesy... "I see that POG has fallen to 1750."

That made me do a double take... I thought bloody hell, what a rise! :@:@ I have high hopes for POG but much depends on the continuing strong pog! ;)

[polaris] 26/6/2020 17:33

The UK are the worst in Europe but the US still makes us look like NZ in comparison! There is a blatant disregard for guidelines in the English speaking part of the Northern hemisphere and we will reap what we sow. The week starting 4th July is going to be a zoo in the UK! By the end of that week the US will be a basket case without some real changes.

[jeanesy] 26/6/2020 16:55

Yep sure looks like it Saint. Have a good weekend all :)

[bozzy_s] 26/6/2020 16:43

V turning into more of a tick shape :)

Absolutely no reason to be selling AAZ right now. Potentially game-changing JV has been signposted. If I were a trader currently holding AAZ, I'd be waiting for that announcement to sell.

[lefrene] 26/6/2020 16:42

Polaris there does seem to be a huge disconnect in the USA between the stock market and the real economy. I'm amazed at how the market bounced back, but then when the FED decides to buy something, it buys it. All very strange and disturbing. Nice to see gold turnaround this afternoon.

[mattjos] 26/6/2020 16:41

just heard form colleague in Minneapolis, USA .. apparently USA national headlines yesterday showing pictures of Brits on the beaches in the UK. We look as daft as the Yanks do

[walter walcarpets] 26/6/2020 16:29

That's the V shaped recovery in gold we're looking for ;-)

[wanobi] 26/6/2020 16:29

hi all,,, I've been chillin today :-),,,LOL,,, hope you've all had successful days and wishing each and every one of you a very pleasant weekend,,, Cheers Wan :-)

[mattjos] 26/6/2020 16:29

Ye, polaris. It's not a second wave in the USA, imo. This is simply the first wave for them still & looks likely to quite a ways to go yet.
India also in a total mess

[polaris] 26/6/2020 16:21

Hi Mattjos - this will all come to a head during Q2 results reason in the US. It is going to be pretty grim IMO. Texas will close down again this weekend. What happens if California is forced to do the same? They both border Mexico, where the situation is getting worse by the day. I'm also watching case rates in New Mexico, Arizona, Utah and Colorado - to see if it is a wave spreading north. The North-East might just have to quarantine itself from the rest of the country! Hawaii already looked to not re-open to non-Islanders and the legal cases saying this is unconstitutional are flying.

[saint in exile] 26/6/2020 16:17

Bounched off the 1750 line jeanesy

[mattjos] 26/6/2020 16:15

start of july, next week, looks like it will very interesting time for AAZ chart.

USA making a complete pigs-ear out of COVID management.
Plain daft how Central Govt leaves all these decisions to individual states. They should impose some sort of temporary crisis ruling and have one authority i/c the lockdown/unlock process but, as I opined to my USA work colleagues back in March, USA is most likely to get hit worst as a consequence of their over-confidence, arrogance that anything in the world can affect the USA + their generally poor standards of education result in a large number of people who simply have no idea or comprehension of the world outside N. America.

[polaris] 26/6/2020 15:47

Think we are just about ready for market crash number two on the US total failure to address Covid-19 in Southern states. The markets are already starting to get worried and they should be. Wonder what the effect will be on gold this time? No doubt AAZ will continue to live in an alternate reality whatever happens.

[bumpa33] 26/6/2020 15:30

Jeanesy - that’s some cash burn rate at 4D if true, they only raised 22m was it in Feb? though the world and it’s wife seem to be raising cash at the moment, in fact I can’t recall it ever being as busy as this on that front. Is that because all these companies are planning for massive expansion or they just shoring up balance sheets while they can.

Clinical stage Pharma are renowned for getting through the cash, should always be kept in mind. It’s one of the reasons I like juniors that look to partner - and get someone else to pay!


Guy I need to speak to re ZIOC ain’t back til Monday.

[fozzie] 26/6/2020 15:16

GAN's tier 1 client mentioned in recent results looks like being Churchill Downs (hxxps://t.co/tLzQaiDVYD) also looks likely to enter the Russell 2000 at close of play today.

[jeanesy] 26/6/2020 15:06

I see that POG has fallen to 1750. It will be interesting to see what happens to it at this price. Will 1750 prove to be the new floor or will it fall lower?

[2sporrans] 26/6/2020 15:00

Hi bleepy

While don't want to get embroiled in a Covid stats discussion; you are right to point out the relative situation wrt Azerbaijan's neighbours.
The accuracy of the WHO stats is very shakey outwith the developed nations but it has been clear over the past 3 months that infections+deaths surged in Armenia and re-emergent in Iran and Turkey though very muted in the latter.
In contrast, e.g. the Georgian figures are both very low and even more importantly, there's been no rise.
Suffice to say, if i could get hold of the normal base deaths [not that hard to work out for oneself if so inclined] and the much more elusive recent figures for ALL the actual deaths, then a plot of that would tell me what is really going on.

Whatever, this is all secondary to the simple fact that since 21Jun20, a strict lockdown has been reimposed in A. and i just though that merited a posting here.

fwliw, my own take is that, in the round, this may actually be good news for aAZ.
Although [as stated] the lockdown will make some work a bit more difficult and a little more costly we know that production and indeed exploration are continuing pretty much unimpeded. Supplies keep on coming in, the metals continue to be extracted, processed, exported and the revenues keep on coming - big time.
Sure, as above post, the JORC reports [independent assessments etc required] may be
delayed even longer.....but AAZ can still let us know the gist of things and i surely hope they continue to do so.
To the extent the lockdown reduces the odds of any infection making it into one of the sites, esp. Gedabek, then it's actually re-assuring afaic.

On the other hand, the closure of infected sites elsewhere has actually helped AAZ out a tad.
Like global supply has been choked off significantly; at least it has with copper production, which goes some way to explaining why this industrial metal is now priced appx. at Q4-2019 level and a good 30% above March lows; though guess ramped up
Chinese infrastructure spend explains much.