Anglo Asian Mining Share Discussion Threads

[wanobi] 29/6/2020 20:40

YIKES !!

Cheers
Wan :-)

[mattjos] 29/6/2020 20:21

Thanks posting interview, dp. Plenty of smoke signals that things are afoot. 3.65p dividend will help immensely with the wait

[c0lin1] 29/6/2020 19:42

Up Close & Personal with Trader Vic (guest: Victor Sperandeo) - Market Huddle Ep.86




I found this fascinating. Veteran trader talks you through his life and then discusses current markets at about 45 minutes

[mr roper] 29/6/2020 18:43

Gg, yanks. Most likely most are obese as well or riddled with obesity related underlying health issues.

[bozzy_s] 29/6/2020 18:15

Just caught up with the weekend's reading. Quality discussion as always. Some went over my head, but I appreciate everyone's efforts!

I've a couple of comments re dividends. Learnt that Ex-Dividend dates are nearly always on a Thursday. Can't remember if that was posted on this BB or elsewhere. 20 years I've been doing this, and hadn't noticed before. True to form, AAZ goes XD this Thurs.

And a reminder that the Hardman research note predicted a 10.5c payout for 2020, followed by 8c in each of 2021 and 2022.



I expect in reality we'll see a more gradual rise to 10.5c - that's more AAZ's style. Hoping we get an extra 0.5c per interim and final payout, as has happened so far.

Nice research from odsjp in #36884. This JV really could be anywhere. Probably local to existing operations. But still the chance it's further afield. Something in USA, Canada, Aus would be amazing. Some premium valuations on gold producers in those locations.

[droyden] 29/6/2020 17:45

The pdf was created on the 26th, but that doesn't mean the content or original document was created then.

[goodgrief] 29/6/2020 17:44

The "young" shouldn't think they're immortal. As reported by Washington Post..."60 percent of coronavirus patients in the hospital system are younger than 50 as infections in Houston continue to surge".

[fozzie] 29/6/2020 17:43

I was just interested that a fund sees a V shaped recovery with little short term sustained pull back and the reasons they believe that. I agree with them in the main that you cannot fight the fed and that governments around the world will do 'whatever it takes' to keep the ship afloat. So many people seem to be fearing another big plunge, well if that was the case we should all have already sold every stock we have including all our gold stocks as everything will get hit again, same as in March.

C19 herd immunity kicks in when about 15% of the population have had the disease which can't be that far off. I think the BBC and other main stream media have led the government by the nose and invoked mass fear among the populous who largely have no understanding of the disease at all. The media have been urging the Govt. to speed up lockdown for a month or more but wait now they are saying its coming back and we all need to lockdown again, its all just noise. You have to make your own mind up on this, i said right from the start, isolate and distance yourself if you are vulnerable or old but if you are under 60 and have no underlying health condition just get on with your life. Don't get me started on BLM lol

[bleepy] 29/6/2020 17:37

Dividend

A final dividend of US$0.045 per share will be paid gross in respect of the year ended 31 December 2019 to shareholders on 30 July 2020 that are on the shareholders record at the record date of 3 July 2020 subject to approval of the shareholders at the Company's Annual General Meeting on 23 June 2020. The shares will go ex-dividend on 2 July 2020. All dividends will be paid gross and in cash. A scrip dividend or any other dividend reinvestment plan will not be offered by the Company.

The dividend will be payable in pounds sterling. The dividend will be converted to pounds sterling using the average of the sterling closing mid-price using the exchange rate published by the Bank of England at 4pm each day from the 6 to 10 July 2020.

[mr roper] 29/6/2020 17:32

More chance of lightning killing an under 40 than covid. Get them out and in to bars and clubs. If you don’t let them out for a good time, boredom leads to disorder.

[doc60] 29/6/2020 17:29

Don't know why Wan, but I thought you were a young-un too 😊

[wanobi] 29/6/2020 16:53

many thanx guys, must say I don't like the look of things right now,,,,,



seems the young-uns are out there partying and getting it, but surviving it fairly well,,, problem comes when winter comes and they take it indoors to us oldies.....

oh well, I suppose I'd have done the same at their age :-) LOL

Good luck all
Cheers
Wan :-)

[pantsonfire] 29/6/2020 16:19

fozzie, I also enjoyed the long read. My issue was several fold:
1) The document does not carry a date. The best I could determine was that it was issued in late May, which in today's climate is a long time ago
2) For example (in timing terms), it talks of being optimistic about hydroxychloroquine
3) It talks of the USA situation being past its peak, which is questionable today, with many states now shutting down
4) There is lots of talk about financial stimulus, but little mention of the impact on gold, and today it's difficult to separate them
Interesting, but I think that we've moved far from the basis presented.

[bleepy] 29/6/2020 16:00

Anglo Asian Mining eyes starting gold mining from Ordubad

[lurcherslife] 29/6/2020 15:47

hxxps://www.azernews.az/business/166450.html

dont think this been posted yet,apologies if a repeat, had a quick scan.

[fozzie] 29/6/2020 15:45

I attach this link, i came across it on twitter at the weekend, well worth a read, it covers C19 and its effects on business from a US viewpoint. It is very positive, i found it very interesting.

[wanobi] 29/6/2020 15:18

AAZ -

Cheers
Wan :-)

[fozzie] 29/6/2020 15:04

Yes thanks for the link to that interview mf, it was very good indeed. One of my favourite words 'prodigious' used at the end as well! One of these days this must surely take flight.

[kingyon1] 29/6/2020 13:30

DP, what a superb concise interview, thanks for the link.

[mattjos] 29/6/2020 13:25

Whatever the deal is, I am pretty sure that it will be one whereby Reza and crew maintain full operational control. I do not see Reza being attracted to any other sort of JV where they do not have full control of the mine/operations - He's just not that sort of chap

[jbravo2] 29/6/2020 13:22

@odsjp
I presume they’ll try to find something in the same part of the world so I doubt it, but it is just a presumption and anything is possible I guess

[odsjp] 29/6/2020 13:16

I am a reasonable long term investor having bought AAAZ staring in the low 40s, and read both AAZ threads but do not post much as I have little detail to add.

I do have a AAZ joint venture question to the three amigos and other learned AAZ investors...

I have been looking at PXC (mentioned on the other AAZ thread)and doing some due diligence etc. It is essentially a copper/gold/silver explorer in Idaho and needs money to bring into production.

While doing the due diligence, I see that the CFO (Richard Wilkins) was a director of Oxus Gold between 1996 - 2017. Coincidently our Stephen Westhead was the Group Chief Geologist at Oxus Gold between 2003 - 2007.

Does anyone think the JV could be with PXC?

They appear to have a similar geology (at least in my limited understanding). Two of the senior management team must know each other having worked at Oxus Gold and a JV with a US based explorer/miner would certainly add some further credence to AAZ. They need money and might benefit from AAZ knowledge.

Any thoughts?

[jeanesy] 29/6/2020 12:57

CNG update out WAN . Seems positive at first glance.

[bleepy] 29/6/2020 12:51

Thanks dp for link.