Anglo Asian Mining Share Discussion Threads

[2sporrans] 05/8/2020 07:34

bonio

if one thinks of gold as a kind of insurance policy against
currency depreciation, inflation, falling bond prices - as future yields ultimately rise - , or even systemic collapse....arguably one is being paid to hold gold in a world where the nominally risk free assets of cash and AAA bonds are -ve, or at least the policy is free where they are zero.
Any capital appreciation above same purchasing power for basket of real assets is a windfall bonus.

Well, it's a rational way of looking at it methinks.

[2sporrans] 05/8/2020 07:10

at least it's cheerleaded by $2020 POG Baz

Better be tomorrow mind!

[wanobi] 05/8/2020 07:05

ARB - RNS - posted so I can re-read later, cheers Wan :-)

05 August 2020 - Argo Blockchain PLC - July Operational Update

Argo, the leading cryptocurrency miner based in the UK (LSE:ARB), is pleased to provide the following operational update for July 2020.

During the month of July, Argo mined 165 Bitcoin or Bitcoin Equivalent (BTC) compared to 180 Bitcoin Equivalent in June. This takes the total amount of BTC mined year-to-date to 1,834 BTC.

The reduction in the number of coins mined in July compared with the number mined in June was a result of a rise in mining difficulty mid-month. Argo continues to mine at the most cost-efficient mining settings and is pleased with the overall mining performance given market conditions.

Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in July amounted to GBP1.25 million (June 2020: GBP1.41 million). Argo generated this income at an average monthly mining margin of approximately 34% for the month of July (June 2020: 27%).

At the end of July, the company held 76 BTC in Bitcoin and BTC equivalents, in accordance with the Company's asset management strategy.

Argo's total mining capacity stands at 18,000 machines and 730 Petahash in addition to 280 Megasols of equihash mining capacity.

Peter Wall, Chief Executive of Argo, said: "We are de lighted the month of July saw Bitcoin break through the US$10,000 barrier as this will have a material and positive impact on our mining margins going forward if the price stays above this level. The directors consider Argo to be one of the most efficient miners in the sector and well placed to capitalise on the increase in the price of Bitcoin as a result."

[bazboa] 05/8/2020 07:05

The wait continues

[wanobi] 05/8/2020 06:48

Spot Gold at 2023,,,

now into the future KS and I see the return of flares,,, for a short time anyhow,,, until people realise they are just as ridiculous as they were the first time around LOL :-)

Brent at 44.37,,, hmm, well that's not too bad considering..

as for Silver,, touching 26 and headed to 50 some say,,,, cough, cough, splutter!!!

GULP, YIKES & WOWZER chaps :-) LOL

Wishing you all an enjoyable ride on the PM's roller-coaster today,,, all-aboard :-)

[bonio10000] 05/8/2020 06:45

And one way to avoid the rat race is to avoid the reliance on fiat by buying PMs and miners....

[wanobi] 05/8/2020 06:43

Good morning all, Good Health and very best of luck to all mankind, Cheers Wan :-)

[bonio10000] 05/8/2020 06:34

2sporrans

Exactly.

Suddenly gold actually has a yield due to the negative yields elsewhere.

[riggerbeautz] 05/8/2020 06:25

Sfs sorry to hear that but yes understand your view, if you’re in the rat race you’re largely enslaved, the only way not to become a slave is to become less and less dependent on others.

[bozzy_s] 05/8/2020 00:39

See Jaspoland's link in PlusOneCoin top posts for estimated AAZ 2021 financials at $1700, $1900, $2000 gold price.

Maybe in the next few months we'll need to add $2100 and $2200 columns :)

Given the huge potential increase in cashflow, I expect even buying in the 160s pence will yield > 5% in dividends for 2021.

Hoping for a great update shortly. Perhaps even a hint, just over 1/6th of the way into a 'catch-up' H2, that production is increasing as hoped.

[riggerbeautz] 04/8/2020 23:44

Thought you would find it useful, my neighbour is a gadget man, tend to borrow his for a try and then get one similar. No more bending ze knees, unless I’m on the piste.

My Raspberries don’t look like they’ll do so well, not enough damp this year but the other berries, including strawbs have gone into overdrive. One bank like a triffid farm, some thinning out to do this year. Beets bit poor, lettuce so so, ditto spring cabbage, always seem better with fruits than veg myself, though leeks were good earlier.

Agree miners, will be flipping a few positions around, already took a little ELY off but that went into GCM. Hoping silver plays have a run up, so I can pare back some more. Diversity even in P.M’s wise.

[2sporrans] 04/8/2020 23:29

"Anyway, inflation is a function of the money supply and that is going nuts." Bonio

So, inflation it must be.....unless as much or [God forbid] even more money [in form of credit mostly] isn't being written off as the defaults mount.
Guess that will also stall the velocity of ms ....

Whatever, lots of folk with loads of money are clearly anticipating a rise in future inflation, as you say bonio.
Along with very depressed global economy.
Just the ticket for gold:



Of course, there are other reasons to hold gold, but the near perfect inverse correlation is evident; i.e. lower real yields => higher POG.

So, the real yields forecast over next decade are crushed to under -ve 1% pa....
as inflation combines with perma stagnation in the economy - reflected in the crushed
Treasuries [etc etc] yields all along the [flat] 'curve'.
The TIPS are under -ve 1% v +ve 0.5% 10yr Treasury yield as future inflation i guess is seen as over 1.5%pa.
Seems little......but not if e.g. your wage is being cut or held....year after year.
[Not an immediate concern of the 'top 1%' natch.]


A decade or more of stagflation?
All the developed world going Japanese?

[swallowsflysouth] 04/8/2020 23:24

Rb, bought a weed burner, its great, saves all that bending, can even persuade one of my daughters to operate it !

Veggies are doing great this year, think i'm going to be knee deep in butternut squash !

Diversity up to a point amongst mining companies but have to hope greedy governments do not take over mines ! taxes are one thing cheap takeovers another. Going to have to keep a eye on that one. Only in pm's, DDDD and TXP now. Won't trust USA if it manages to stay under Trump.

[bamboo2] 04/8/2020 23:23

mf, $gold chart shows a potential turn 5-6/8/2020

[bonio10000] 04/8/2020 22:58

People said the same when cars replaced the stagecoach.

It just frees up time and money for new industries.

Always has from the wheel and the plough down.

Anyway, inflation is a function of the money supply and that is going nuts.

[swallowsflysouth] 04/8/2020 22:58

Wan, you know what they say- plan for the worse and hope for the best !

I'm still holding you responsible for the biggest black swan in our lifetimes after all you wished for it ! Well for most of us it is. lol

[2sporrans] 04/8/2020 22:49

WW

"Because of the massive efficiencies it affords"

So more produced for less.

Also, much of technology has been labour displacing; that labour pushed into
low margin services jobs, i.e. low paid.
In turn, there is a deflationary macro effect as an ever greater majority of workers
in such jobs => feeble consumption growth, even declining in some developed/aging nations.

But, does it have to be this way?
What if technology evolves/is directed more to augment workers, rather than displace or marginalise them?
e.g. as with the Datamine team that do all the 3d/4d modelling for AAZ.
All that CAD graphics etc software....it requires highly skilled technos to extract best. value out of it; indeed any value whatsoever.

Hopefully to be reflected in the imminent H1 E&Ps + the forthcoming JORCs.

[podgyted] 04/8/2020 22:40

Ahhhhh ... I see. When in doubt, increase the timescale by several decades and widen the channel.

(Don't worry. Only joshing.)

Lets see what tomorrow brings ...... hopefully some E&D info?!?

[podgyted] 04/8/2020 22:35

It is at the moment.

[2sporrans] 04/8/2020 22:34

pt

Isn't Disney something of a Mickey Mouse company?

[podgyted] 04/8/2020 22:29

Just stating an opinion!

$1,700 9/4/20
$1,800 4/7/20
$1,900 24/7/20
$2,000 4/8/20

Little retracing, little consolidation - you're the chartist Matt - don't you think this is slightly unusual?

Anyhow - another thought - Disney lost $5bn in Q2 and is on a fwd PER of 43 (and they haven't fallen in after hours trading) - AAZ fwd PER (on I have to say a very cautious forecast - especially now) of 9. Which would you hold?

[king suarez] 04/8/2020 22:23

I may need a new wardrobe tomorrow then, we shall wait and see!..