Anglo Asian Mining Share Discussion Threads

[wanobi] 05/8/2020 08:20

excellent cmb :-) Cheers Wan :-)

[callmebwana] 05/8/2020 08:17

Oh guys'I have been through the drain pipes and winkle pickers times too.
LOL those were the days.🙂

[return_of_the_apeman] 05/8/2020 08:17

About 16500 left to go below 168, could pop

Shame report did not come today

[wanobi] 05/8/2020 08:15

only if they are home-made, from a very thick wool strand of brown, orange and lime green ODR.... :-) LOL Cheers Wan :-)

[jeanesy] 05/8/2020 08:13

Despite owning 4 mining stocks only AAZ is behaving as it should atmo.. that is a pleasant change :)

[onedayrodders] 05/8/2020 08:13

That's a shock wan ... I assume tank tops are still ok ?

[cinoib] 05/8/2020 08:12

slow down now, go steady with that spread or you'll get carried away 1p spread is too small for this one and 1.5p rise is too much as gold is only up$52 in 1 day. Ha ha ha.

[onedayrodders] 05/8/2020 08:12

ARB... Personally would not be impressed with a company referring to the price of BITCOIN as their main growth catalyst.So if BITCOIN halves or more you turn out the lights?That sector for me is a ring fenced population of holders from way down trying to entice others by ridiculous 50,000 or 100,000 target prices so they can exit in any strength

[mad foetus] 05/8/2020 08:09

1p spread and near aths. Very nice

[wanobi] 05/8/2020 08:08

LOLLOLOLOLOLOLOLOLOLOL ODR :-),,, bet you've still got the lamb chops as well :-) Cheers Wan :-)

[onedayrodders] 05/8/2020 08:07

Wait .. Wan ... are your telling me Flares went out of fashion ?

[callmebwana] 05/8/2020 08:04

Good morning all.
Jeanesy,the RNS will come in it's own time. When it does I can see AAZ share price breaking the all time highs.
Gold,Silver and Copper are all up.
We have all three,what better share to be invested in ?
ATB and GLA in whatever you are invested in. Stay safe.

[gold finger 1] 05/8/2020 07:55

Look at gold like this if you think its going up to fast.
1900 high in 2011, put inflation on that too today.
Then look what has gone on since 2011, gold has a long way to go yet.

All the nutters in governments around the world seem intent on locking everyone up again. They seem to think that if they all print money it will not have an effect.
The sooner common sense returns and they go back to a gold standard the faster normality and sense will return.
But then they would not be able to print currency. They seem to think printing currency is like the duck that just keeps laying that golden egg,But in the end someone has to pay the piper.

[wanobi] 05/8/2020 07:53

indeed not jeanesy,, the suspense is killin me,, LOL,,, all part of the game,,,, and a big part,,, patience..... something I've had to master,,, not there yet,, but working hard on it :-) Cheers Wan :-)

[jeanesy] 05/8/2020 07:50

Woke up to 2030 gold ... unbelievable .. still no AAZ RNS though !?

[brasso3] 05/8/2020 07:40

The Fed is expected to make a major commitment to ramping up inflation soon

[bonio10000] 05/8/2020 07:39

Yes.

I value companies for work. We all use a risk free rate that has been destroyed.

So you end up with low discount rates and high valuations and a misallocation of capital.

Of course that is fine whilst they control the yield curve, but if any risk rates rerate then people are going to be left with assets that are wildly overpriced.

In short, the whole thing is a disgrace.

[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 :-)