Anglo Asian Mining Share Discussion Threads

[c0lin1] 29/7/2020 10:24

There could be a large sell which has not been reported yet but I suspect its the MMs trying to generate a bit of interest on a quiet day.

edit - I should say though you need to know what the level 2 position is to know how many are on the bid and offer.

[mattjos] 29/7/2020 10:20

this choppy, almost directionless, sideways churning price action just keeps drifting on

[goldrush] 29/7/2020 10:14

polaris

If you go to the PXC website phoenixcopperlimited.com under Research Tab, then The Reports Tab you will see the entire laboratory report on the extraction tests and comparison to cyanide. Conclusion....Similar test results to cyanide and at lower costs. Looks like the way to go....more sample tests being performed and then a model test on site 😀😀....fingers crossed. I am sure Conroy and AAZ will be looking at that.

[blue_zulu] 29/7/2020 10:11

Is that normal for the price to reduce by 4.5p with only 28K of shares traded - surely it shouldn't have moved by so much on so little volume?
When you look at the difference between the buys and sells it makes it even more difficult to understand that so little can move the share price by so much.

[c0lin1] 29/7/2020 10:05

and the the gold price crashing all the way up to 1960 isnt helping ;^)

[katsy] 29/7/2020 09:59

polaris, yes, fools gold was the term I was looking for! Anyway may as well let it drop more as we all have dividends that need re-investing in here tomorrow. Did anybody get news of the massive mine explosion this morning plus the Azerbaijan government wanting to nationalize all mining assets.

Wink Wink I hasten to add before anybody gets annoyed or anything.

[gold finger 1] 29/7/2020 09:52

Katsy

Good though for those of us that want to reinvest our divi tomorrow.

[mattjos] 29/7/2020 09:50

thanks Polaris .. sadly 'A' level in Chemistry was my limit :-)
Amazing how processing technology seems to be moving ahead in this field.

cinoib, Scotgold have done well to get this far with so few shares in issue

[polaris] 29/7/2020 09:46

You might have a point there Katsy. Maybe all this time we have been mining Fool's gold. ;-)

[katsy] 29/7/2020 09:44

Just checking in to see if we are still a gold miner after seeing so many tick downs in a short space of time. I thought maybe we were mining false gold or something.

[crazycoops] 29/7/2020 09:40

This today from the Chief Market Strategist of the World Gold Council (which I would suggest is the real driver of the recent spike in the price of gold) - "Another 80k lots of GCQ0 rolled into GCZ0 yesterday (Comex August #gold futures > December) leaving about 100k of August Open Interest left. Note the roll cost has narrowed sharply over the past 2 days indicating perhaps much of the remaining will go to delivery?"

[cinoib] 29/7/2020 09:34

Mattjos, have been a follow of Scotgold for a few years but won't buy in untill they start digging the stuff up as I know from past experience that the share price will drop alarmingly when it does, that will be the moment to go in. Have been bitten too many times by explorers Gfm, aau and conroy, yes I was in there years ago, big on promise shy on delivery. Must be over 10 years since they applied for a licence. I watch with anticipation to see if AAZ board can stir them more than previous companies. Gold hitting all time highs today and AAZ goes down, strange, very strange.

[bonio10000] 29/7/2020 09:23

FED statement tonight.

The most meaningful gold driver this week.

[polaris] 29/7/2020 09:17

Hi Mattjos,

I can comment here as a chemist. ATS basically chelates to an enormous number of metals, but preferentially to certain first row transition metals. I used to use it to separate certain metals from solution (expensive isotopes) from each other. Then you release the metals back into another solution (usually by acid mixing) and use electrolysis or similar to take out the specific metals that you are interested in in metallic form. In these methods you can retrieve at least some of the ATS for further use. This means that the limiting factors are the impurity metals in the ore itself.

Edit
I was using it to separate copper from nickel in solution...copper is in the same chemical group as silver and gold. Never tried it for the whole group in solution but that means it probably preferentially binds to the whole group over other metals.

[return_of_the_apeman] 29/7/2020 09:09

Tomorrow for the H1 E&P report imo :-)

[donald pond] 29/7/2020 09:05

PoF,
I have heard the same thing from other sources. Thanks for posting, exciting times indeed!

[pantsonfire] 29/7/2020 08:59

Good morning callmebwana. Your post 23202, this was my pleasure! I know the board from PXC, and whilst being excellent miners, they have difficulty to blow their own trumpets (I think we saw that with the chairman in his recent webinar). But that's often the way with boffins, isn't it? So, in a way, looking back, my posts (with others) have been their PR department, although this was not intended. I just wanted to scream out about what a fantastic opportunity there was (is) with PXC.
I do call to the directors from time to time (and again would encourage others to do that), and they are happy to talk. I have to write up one now on the impact of their copper on the future of the company, since today our posts appear to be all about Gold and Silver. I'll be posting that conversation shortly. But in a conversation, I can also get to understand the general mood, and we do talk about the way the company is developing and the long term future. I can tell you here, the mood is BOUYANT. They are focussed on delivering the short term production, not only to get the company up and running, but more than anything to deliver the elephant that lies beneath, which they beleive is MASSIVE. And according to my conversations, they do have things mapped out and fully under control, and do intend to do this without significant dilution.

[celeritas] 29/7/2020 08:26

This is worth keeping an eye on.

[gold finger 1] 29/7/2020 08:10

This share price is a gift from god.
And i am not a religious man.

[pogue] 29/7/2020 07:45

Something that backs up my bearish stance on oil. As predicted global supply has rebounded faster than demand. OPEC can keep their production cuts going instead of tapering but why would they give market supply to the Yanks etc and continue to suffer themselves. Maybe Putin will give the US some of the vaccine to boost demand. I would hope Trump would be the first to take it so the side effects could be monitored on the media daily.



The upcoming partial return of curtailed OPEC+ oil production from August is set to create a new four-month supply glut of around 170 million barrels, a Rystad Energy analysis reveals. The analysis is based on the assumption that oil demand will not rebound as quickly as previously thought due to the persistent expansion of the Covid-19 pandemic in key markets, or what we call a mild second wave of the virus.....

Unlike demand, global oil supply is set for a mini growth rally after reaching an astonishing low of 86.4 million bpd in June and an expected 88.2 million bpd in July. The planned output increase from the OPEC+ alliance and the reactivation of other global shut-in production is forecast to push supply to 91.2 million bpd in August, 92.5 million bpd in September, 92.9 million bpd in October and 93.3 million bpd in November, before closing at 93.4 million bpd in December....

[wanobi] 29/7/2020 07:35

no! pogue,, LOL Cheers Wan :-)

[callmebwana] 29/7/2020 07:27

Good morning all.
The AAZ presentation on Proactive Investors is great. Well worth watching.
GLA for today.

Oh' PoF I forgot to thank you for pointing out PXC 👍

[2sporrans] 29/7/2020 07:26

Good find Goldrush.

Could be that ATS may be adopted for the Azerzi operations as well as
being advantageous [not only environmentally] for the Irish prospects.


Noted Matt's post re. Scotgold too.
$700/oz AISC for a veinous underground extraction [if my recall correct]
is enticing.


Was hoping [rather than expecting] the H1 E&Ps out this 7am.
Please be Thursday.

[pantsonfire] 29/7/2020 07:23

You beat me to it Wan. Yes, excellent drilling results from Empire. And the Red Star results should be out any day now as well. This is indeed a race between the gold of Empire and the silver of Red Star. If they can get low cost production with the thiosulphate at Empire, the gold may win! and what a winner it would be at the moment.

[pogue] 29/7/2020 07:11

Russians have a CV19 vaccine ready to go on 8th of Aug they claim... would you take it?