Anglo Asian Mining Share Discussion Threads

[wanobi] 04/8/2020 22:22

the time machine has stopped at 2019 for now KS,,, LOL,,,, will we head into the future tomorrow,,, time will tell :-) sleep well,,, cheers Wan :-)

[mattjos] 04/8/2020 22:21

It won't happen just yet but, Gold would need to go vertical this week to $2,425 before i conclude it as being at the top of the long term weekly channel:

[walter walcarpets] 04/8/2020 22:20

Because of the massive efficiencies it affords

[return_of_the_apeman] 04/8/2020 22:18

Re-rate long overdue with gold at these levels and catalysts are coming

Bring on the H1 expo report to show what we have got and the upcoming JORC which we also know will be good

Great that this company tells you in advance what they know

Gla

[bonio10000] 04/8/2020 22:16

Quite.

Gold has been massively undervalued for a decade because people really thought CBs would normalise rates and unwind QE.

Gold is nowhere near where it should be, now the fallacy is exposed, so a quick rise is hardly too fast. It's just a reversion to fair value and has some way to go.

[mattjos] 04/8/2020 22:11

Jeez, this thread cracks me up at times ;-)

Go back only a few hundred pages and folk moaning like hell that gold would not get going from $1,200, $1,300, $1,400 etc etc.

Now it's moving up to some sort of sensible level after years of undervaluation & folk are again moaning that it is now going up too fast !

Look forward to the moans tomorrow that the AAZ spread is now too tight and the price is going up rather than down!

The global economy is a train wreck - gold is reacting accordingly.
This company is producing Gold with a Gross Profit of over $1,300 / oz - the share price is reacting accordingly.

Get used to it!

[baddeal] 04/8/2020 22:07

Interesting ww. Why do you see technology as being so deflationary?

[wanobi] 04/8/2020 22:06

hmm yes sfs,,, the old adage "be careful what you wish for" comes to mind,,, be happy to see gold move a bit slower,,, but,, not in our control and what will be will be,,, all those guys espousing 5000, 10,0000 & even 20,000 gold for the last gawd knows how many years (it seems),,, that are still alive to see whats occurring may well be able to say,,, I told you so!!! at long last,,, but, what on earth will be the state of the world for those prices to occur,,, the mind boggles with alarm!!!! all we can do is play the cards we're dealt and see where it takes us... cheers Wan :-)

[mattjos] 04/8/2020 22:06

"For value investors though don’t forget the major gold and silver mining equities which are poised to make record gains. Most are seeing margins of $1,000 or more per ounce on gold sales so Q3 earnings could be immense."

[podgyted] 04/8/2020 22:05

Major goldies in NA up by @ 3% - some of the smaller ones a bit more frothy.

Question is will it hold above $2,000 - went up a bit too fast for my liking.

[brasso3] 04/8/2020 22:05

Walter

You have missed the massive inflationary force of de-globalization in your equation. The reason we have not seen big inflation in the last 10 - 20 years was due to cheap goods from China. That trend seems to be reversing.

[walter walcarpets] 04/8/2020 22:00

For the last 30 yrs, computer power has doubled every 18 months and with AI, machine learning and quantum technology this trend will more or less continue for at least the next 20 yrs. So we are now entering the most powerful phase of the exponential curve. This is massively deflationary. On the other side of the equation we have central banks now printing money exponentially. Who will "win"? I really don't know tbh but we can now only end in two scenarios imo; A massive credit implosion or hyperinflation. Scary scary times. Of course, central banks are trying to protect the debt holders and inflate the debt away. But this time it ain't going to work. The exponential power of technology and it's attendant exponential deflation is going to win out whatever. We need a new economic model. Just my musings. Feel free to pick holes and critisise my amateur gibberish!

[swallowsflysouth] 04/8/2020 21:59

much as i'm enjoying the rise in pog, it doesn't say much for the economy over the next few years. That is the scary bit along with awaiting wave 2 of cv19. Just make the most of getting out and about before next lockdown.

[mattjos] 04/8/2020 21:41

What's great about AAZ is it is also sat on at least one mountain of Copper & Copper is going to be in great demand as a result of the ever greater rush to adopt Electrification of Transport.
Govt's are going to hugely increase this supporting infrastructure build-out as part of a post-virus global recovery 7 post-virus job creation programme .. they will simply repeat the play-book from the great depression. Jobs in infrastructure and a boost to car manufacturers switching to EV away from i/c … 10:1 says govts will soon tighten up emissions even further to help accelerate this rush.

IMO, we will shortly see Copper and other commodities repeat the gold run-up.

These are some of the reasons why AAZ is such a terrific company .. it can be viewed as Gold with Copper miner or, it could be viewed as a Copper with Gold miner.
The silver is a terrific bonus just now.

As we expand north of Gedabek and go deeper at Gedabek/Gadir, we will also likely start to bring in Zinc & Molybdenum to the revenue stream.

[jaspoland] 04/8/2020 21:38

If we can slice through $2000 it makes you wonder where we are going. Easily margins of $1300 now. That's £1000 an ounce. Crazy but oh so good for the bottom line

[11_percent] 04/8/2020 21:38

I’d be happy around 50.


I think we will get that.....probably 40......or less.....30 would be good for me....

[gutterhead] 04/8/2020 21:38

Bit of reading on gold

[gutterhead] 04/8/2020 21:35

Mid price finished out of synch today so we have an immediate 2p share price correction on the open tomorrow.
That said, Even without news, still see us as up tomorrow. Nice trend building.
Can def see minimum 4.5Cents as next div. good luck all

[celeritas] 04/8/2020 21:33

Mf, have you noticed Prosperity intend to vote for resolution 19. This means a forensic investigation covering the last 3 years. Along with the concert party this is a resolution that will easily pass. Most PIs are ignoring it.

[riggerbeautz] 04/8/2020 21:26

I’d be happy around 50.

[11_percent] 04/8/2020 21:25

Gold/silver ratio tanking.....77........silver rising more than gold....

[riggerbeautz] 04/8/2020 21:23

Pretty soon the little man won’t be able to afford much by way of P.M’s, maybe that’s part of the plan, run it up, the ones that can pile in, smash it down to scare them out, leaving all the good guys with the larger positions.

[lefrene] 04/8/2020 21:20

This time next year Rodney...................;¬)

[bonio10000] 04/8/2020 21:16

If you don't hold PMs then what is the alternative?

Cash?
Bonds?
Stocks (excluding miners)?

No thanks.

Property, art - maybe.

I just don't see the alternative.