Anglo Asian Mining Share Discussion Threads

[wanobi] 22/7/2020 07:12

Spot Gold at 1858, excellent :-) LOL

Brent at 44 :-) :-) for now LOL

AAZ - having slept on the JV situation and considered all of the comments made about mining in an EU country (and I speak from experience as I came a cropper with ORM and their mine in Spain LOL) I'm of a mind to say,,,, there's every chance with the management team AAZ has in place they can pull it off,, they will have consulted with government on this,,, or be looking to do so before spending a lot of cash,,, we just need to see how they plan to go about this JV and they need to ensure it does not affect the opportunity in AZER... too early for me to make a considered judgement ... I remain a LTH for now :-)

GLA Cheers Wan :-)

[bonio10000] 22/7/2020 07:08

Very nice.

But clearly the main price determinant is a €4m option.

[wanobi] 22/7/2020 07:03

Go Morning all Good luck and the very best of health to you all today :-)

Some great posts there guys, many thanx :-)

As Rb says PoF, you are very welcome to post your ideas here and it's much appreciated by me and others I'm sure that you have chosen to do so,,, many thanx :-)

ODR, thanx for heads up on NRG, much appreciated, as always :-)

sfs, can't recall if it was me, but I don't think $3000 is out of the question,,, but perhaps for the wrong reasons, not least of which could be youngsters chasing it up on their mobile phone trading accounts etc etc which might not mean it indicates the end of capitalism as we know it,,, but what do I know LOL :-)

Mind you with all the money printing, the dollar is now finally losing ground I hear!!!

Cheers
Wan :-)

[riggerbeautz] 22/7/2020 06:59

Sprott announces intention to buy 8.8% of global silver annual production, the states have just announced a $50bn green energy deal, more solar panels needing more silver, both at a time when mines are/have been closed due to Covid restrictions.

Hmm, what does this do for silver price prospects??!!! Hold those reins hard.

[saturdaygirl] 22/7/2020 02:27

There she goes

[podgyted] 22/7/2020 02:23

On that basis I predict AAZ will be down 4% tomorrow.

GLA

[bleepy] 21/7/2020 23:27

@goldrush

The same thought had crossed my mind...

[podgyted] 21/7/2020 22:56

A long time in resource investing has taught me never to invest in EU mine projects - they either spend years being blocked or spend years being suspended for ecological issues after finally being given the go ahead (even when in production).

AAZ built this up as a good news story - market has passed judgement - for once I agree with the market.

The possibilities in its home market are WAY BETTER than this - this will divert management time which is not good.

This was a PR disaster - I continue to question whether management here know how to handle financial PR and this is another nail in the coffin.

They have one final chance with me - the H1 deveopment RNS - if they mess that up as well, I'll take my money elsewhere.

Today was pitiful.

[walter walcarpets] 21/7/2020 22:27

ODR: thanks - looks very interesting. Red Lake area very hot atm

[brasso3] 21/7/2020 22:16

I will be more worried about money in the banks like RBS, BARC, HSBC etc

[pogue] 21/7/2020 22:16

Beans and shotgun cartridges

[swallowsflysouth] 21/7/2020 22:14

Someone posted on here a while back a article regarding what might happen if pog went to $3000, i think the poster was Wan. The gist of the article was that for pog to go to $3000 then the global financial situation would be dire and governments will be desperate, so look out pm mines for the greedy grasping fingers of local governments and corrupt officials. Some countries are safer than others, but will anywhere be truly safe when pog is $3000 ? In any case what are you suppose to do with your money ? What are the safest investment(s) ?

[goldrush] 21/7/2020 22:10

I would not be surprised if another J/V pitches up in Georgia !!

Ordubad J/V hopefully is in the works....seems logical

Remember we want to get to mid-tier status....

[stockchoice99] 21/7/2020 22:02

hopefully a better day tomorrow

will be topping up with my dividend a week thursday

[saturdaygirl] 21/7/2020 20:56

Great looking Dragonfly Doji on the the Dow ... will it go plop

[riggerbeautz] 21/7/2020 20:49

Pogue I hear you but I hope neither of your last line come true, many a pensioner will despair and a barter economy will most likely open up.

Only have to see how much business charity shops do for next to nothing, drive past any car boot, see flea bay to realise most folks can’t compete with “normal” market pricing, yet alone digital. Most of my elderly relatives would have nightmares, be like Mad Max and bartertown to them.

Pof fair play, I was quite sceptical given the rise but I’m warming to PXC, you’re entitled to your comments as the points are being validated.

[onedayrodders] 21/7/2020 20:41

Hi all

Excellent Gold explorer opportunity ... Newrange Gold Corp 0.29c (NRG:TSX) is on the cusp of drilling results in the prolific state and safe jurisdiction of Nevada.

Superb summary ..



Appetite over the pond far more stronger for PM miners

ODR

[pantsonfire] 21/7/2020 20:10

Good evening guys, you're most likely getting bored with me raising PXC to you, week after week, but since it has gone up by about 300% since I first mentioned it here, I think I have earned the right.
I am close to management, so that's maybe why I am a believer. I have talked through the way to production, and believe that they have it mapped out, without dilution, or significant financial loss to the investors.
I believe that we have the opportunity to reach a multiple of 3 within months, if not weeks. And many multiples beyond that in short time, maybe 1-2 years. I believe this after reading through the documents, and then talking to management, as anyone here can do. Again, I urge anyone to call to a director listed on the RNS's, and ask for their opinion of how they will proceed, finance, technical, whatever you like. I have done that myself.
They have had different researches, and all say they should be priced higher than they are, one by multiples. They have a silver mine, which should increase the share price by 6p for every $1 increase in silver price, and that's ignoring the gold mine in their calculations. If we include that, and look forward, the future is very, very optimistic.
I've told you before, the price will rise. The results are due for Red Star very shortly, and which I suspect will be mind blowing.
It's entirely your decision, of course, which should be made based on your own research.
Good luck guys. I think onedayrodders will be proved correct that this is the share of the week! I myself say, this is the share of the year!

[gary hindsight] 21/7/2020 20:02

Personally I am totally against buy backs. So many cases of companies spending multiple millions with no impact whatsoever. Of course mathematically it should increase the price but price is driven by market and sentiment be it country risk company risk or sector and does not go up according to the number of shares bought backReduced number of shares also reduces liquidityIf they want to spend the war chest as a return to shareholders then Increasing dividend is far simpler and at least gives each holder the choice if he wants to re-invest in more shares and importantly the choice of what day to do it on

[pogue] 21/7/2020 19:29

RB
it will that is why the BoE want it and it will happen as we will agree to it. I was working away for a while in Europe came back to UK and in the space of 1 year everywhere I went everyone was paying by tap and go, I felt odd taking out cash, this pandemic has moved it forward as well with shops not taking cash and online shopping becoming the norm. A few more years and eventually you will have a premium to pay cash then ATMs will shut down and cash is gone. They will come up with some way of chipping the poor so they don't have to have a bank account and just wave their arm at a scanner and that's it.
I may have to leave the country then or maybe too far gone with dementia to care that the state has all my cash.

[riggerbeautz] 21/7/2020 19:19

Pogue if everything goes digital the elite will have full control, that will be a bad day for many.