Anglo Asian Mining Share Discussion Threads

[wanobi] 11/8/2020 07:11

PUR - YIKES, it's all happening today,,,, Cheers Wan :-)

Pure Gold Mining Inc.

11 August 2020

NEWS RELEASE 20- 1 7 August 11 , 2020

PUREGOLD PROVIDES UPDATE ON OPERATIONS

VANCOUVER, B.C. - Pure Gold Mining Inc. (TSX-V: PGM, LSE: PUR) ("PureGold" or the "Company") reports that a forest fire is currently active in the area south of the town of Red Lake and is moving northeast away from the property. Crews from the Ministry of Natural Resources and Forestry are working on containment, including both ground and aerial suppression with five water bombers. At this time, the Municipality of Red Lake is advising all residents to evacuate the municipality. PureGold has temporarily suspended operations, maintaining a security force at site while the fire is being contained. The Company is closely monitoring the regional situation. At this time, all PureGold staff and contractors are safely accounted for, out of harm's way and there is no damage to infrastructure or equipment on the mine site.

[wanobi] 11/8/2020 07:09

CGNR - Placing and subscription of 3,200,000 ordinary shares of EUR0.001 each (the
"Financing Shares") at a price of 25 pence per Ordinary Share (the "Issue
Price") to raise GBP800,000 before expenses.

Professor Richard Conroy, Chairman, commented: "I am pleased to undertake this
Financing which we have conducted at a significant premium to the last
financing announced in February 2020. This reflects the progress made by the
Company, and notably the proposed JV with Anglo Asian announced in July.

We are working with the team at Anglo Asian to finalise the JV, and look
forward to proactive operational activities at our gold projects in the
Longford-Down Massif where we have an existing JORC compliant gold resource of
517,000 ounces and a series of targets across a 65km long district scale gold
trend.

In particular, the existing resource has been generated from drilling covering
a small fraction of the Clontibret gold target, with the majority of drilling
to a depth of less than 200m and a maximum depth of 350m. The Clontibret
deposit is geologically comparable to the Fosterville deposit in Victoria,
Australia, where the occurrence of visible gold is becoming increasingly
significant at depth."

Cheers
Wan :-)

[wanobi] 11/8/2020 07:05

RETA got thumped, down 32%,, hmm,,,, cheers Wan :-)


free stock charts from uk.advfn.com

oh what a game!!!!

courtesy of Stig;

What happened?
Shares of Reata Pharmaceuticals (NASDAQ:RETA) were down by about 32% as of 12:21 p.m. EDT on Monday after the company released its second-quarter earnings report before the market opened. The financial results weren't the big story, however: In the update, the company said that its regulatory filing for Omaveloxolone, one of its leading pipeline candidates, could be delayed.

So what
Omaveloxolone is a potential treatment for Friedreich's Ataxia (FA), a rare genetic disorder that causes difficulty walking and impaired speech. Following a successful phase 2 clinical trial, the results of which Reata Pharmaceuticals announced in October, the company had planned to submit the drug to the U.S. Food and Drug Administration for marketing approval. However, the FDA isn't confident that those phase 2 results will support a marketing authorization for Omaveloxolone.

[wanobi] 11/8/2020 07:02

wowzer Rb, another one of your picks I believe, just the 919.2% gain yesterday then :-) LOL, amazing,,,, well done Rb, cheers Wan :-)


free stock charts from uk.advfn.com


cough, cough, splutter, splutter :-) LOL

[wanobi] 11/8/2020 06:59

Good Morning all, Good luck and Good Health to you all today :-) Cheers Wan :-)

[riggerbeautz] 10/8/2020 23:43

Cheers Jbravo

Wan I see similar for DSV, easier when people riding the coat tails of Sprott too in a bull phase. SCV should be the same 3rd qtr, expect IPT will get another shot in the arm too, if silver stays strong. Silver Mines in Oz is the same and they are just kicking dirt in truth.

[sh0wmethemoney] 10/8/2020 23:00

I hope so! Opened a SB at 2016 on Gold on Friday.

[saturdaygirl] 10/8/2020 22:53

Brasso , its the uplift from the last leg .. more in time to come .

[saturdaygirl] 10/8/2020 22:40

Its textbook material !

[saturdaygirl] 10/8/2020 22:29

Gentlemen . the bullish hararmi pattern finished with a doji ,, expect an uplift of over $200 in gold this week .

[wanobi] 10/8/2020 21:07

Cheers
Wan :-)

[wanobi] 10/8/2020 20:37

many thanx Rb, ODR, cheers Wan :-)

I see DSV as a pure leveraged punt on the price of silver rising,,, so, we shall see,,,, its not a massive investment, but, could turn out to be a great return if things pan out,,, if they don't, well there you go,,, tis the nature of this trade :-) and it will not bankrupt me :-)...

[jbravo2] 10/8/2020 20:31

Think it might be a large drink I end up owing you RB.
AA profit currently outstripping banked AVCT profits (haven’t banked any AA yet though - plenty more to come it would seem)
Cheers

[onedayrodders] 10/8/2020 20:24

On the subject of Discovery Metals (DSV:TSX) .. here is an excellent balanced summary of valuation, potential against a rising Silver price.

Cordero Economic Analysis

If we look at the DSV July presentation, it distills down some key metrics on value in two slides.

The early part of the presentation just sets out the general proposition: a big open pit with high grade veins running through it, and lots of waste rock as well. But the average grades at silver prices above $20 more than economic (at least by preliminary study). There are always feasibility issues like metallurgy, overburden, recovery rate through the mill plans, sizing of the annual production, cost of capital etc. It isn’t as simple as the distilled presentation, but it looks fairly set out.

First key metric: fully diluted share position and current cash position ... 333 million FD shares, and to take to bankable feasibility probably dilute further to 400 million shares to be conservative.

Second key metric: sensitivity of a net present value calculation to the price of silver. Again, a somewhat simplified illustration because it includes all kinds of assumptions about discount rate, financing costs, cut-off grades, annual production rate ... all of which are fluid. And taxation and royalties which are always a sovereign risk.

In 2018 Levon’s estimate using a 5% discount rate (which in today’s low rate environment vs the Fed tightening cycle that was on then, seems reasonable) at $30 silver, was a shade over $2 billion CDN (they used USD) . That would be a NPV of the Cordero asset alone of $5CDN per share on 400 million shares.

As much as people say they might like $10 a share, or any other number, the delineation of bulk tonnage reaches a point where more resources are so far away in the proposed scale of the mining plan that only higher grade tonnage that can be brought into the mining plan sooner has a material effect on total valuation - you have to be able to sub in better ore sooner, which means shallow, or extremely high grade justifying underground mining at an earlier date. So the benefit of current drilling is to tweak the overall valuation, not really alter the bulk of the asset leverage to the price of silver. Part of what Sprott tours when he claims metal value on a billion ounces appreciating in a linear relationship to the price of silver is a bit misleading because you can’t extract all that metal except across a long timeline. And downstream returns are necessarily discounted by the compounded discount rate of the capital cost of building a mine and mill.

NPV calculations do not include a discount for the general development risk, risk of silver price reduction, interest rate risks, and general corporate and mining and milling engineering risks. A take-out bd only makes sense to a big operator if they have upside on the bet they are making - current shareholders have to leave a substantial potential upside on the table.

Which is not to say that this stock isn’t just what Sprott claims it to be - incredible, financially dynamic leverage to the price of silver. If the price of gold continues to rise due to global economic forces at work (uncertainty, low interest rates, government deficits and debts, accommodative monetary policy and fiscal stimulus spending, competitive devaluation of currency to try and protect balance of trade) then past history says, so the theory goes, silver takes on more of an investment character as a partial substitute for gold. And the silver:gold ratio tightens.

Silver’s chart normally lags gold but then rises more steeply as it plays catch-up. The ratio tightens at the same time. So perhaps one can look to 30:1 (Sprott suggests 15:1 but I would be more conservative - there is no need to use the best possible numbers). At say $2500 US gold, silver could, might, maybe achieve a price of $80US, or $107 CDN. Now, no big miner is going to price a bid against peak spot prices, so to allow for an average price and leave upside on the table, use a theoretical $50 CDN ... Now Cordero has $125 silver in the ground per share. Extraction costs are in the $12 range ... you can start to see a sliding scale of value from $30 silver giving $5 a share to $80 silver coming in closer to $20 or more. It is all about the price of silve because we know the grades and general deposit size are already constrained towards known numbers, excepting discovery of some new bonanza pockets of higher grade at shallow depths.

Priced today pretty fairly against spot silver because the market hasn’t yet embraced recent higher silver price raises. Leverage to further price improvement is exceptional. Silver rises say 3x, DSV should achieve something like 10x. Beats bullion?

Good luck, the market set-up looks excellent. The trend lines on gold and silver look pretty strong.

[riggerbeautz] 10/8/2020 19:21

Wan, DSV having a good day so far, as too are Royalty streamers.

Speaking of riding the wave, got my eyes on any retrace on SCV Santa Cruz, now Mexico open and if it stays open, they should be in a good place Q3.

[wanobi] 10/8/2020 18:05

Gold bugs have long been seen as a paranoid fringe of the financial world, holding the shiny asset as a hedge against a disaster they always think is near. But lately, they appear to be on to something." - Morgan Stanley chief global strategist Ruchir Sharma.........................................

Cheers
Wan :-)

[mattjos] 10/8/2020 17:31

155 has been the pivot line here for last 11 months so, should react off it in some way this week

[jeanesy] 10/8/2020 17:23

What a day for DDDD. Im glad i kept that. Lets see if it can continue that rise tmw. Another good day for ORPH too. Hopefully lots more to come there as the contracts keep coming in as CF said :) As for AAZ , i can see why people sell up and move on . I still hold and if it drops some more i may buy a few more.

[wanobi] 10/8/2020 17:09

Cheers
Wan :-)

[king suarez] 10/8/2020 17:04

You can always make more elsewhere, depending on risk/reward tolerance - I suppose that kind of yield is similar to just holding AAZ at current price/gold price and expected future dividends..

What are FRES margins/production as the LSE website has them at a historic p/e of 61 atm?

[brasso3] 10/8/2020 16:53

Can you make more elswehere?

FRES still looks very cheap at 1300p with silver at $28.

[king suarez] 10/8/2020 16:51

Yes, if the takeover completes by end Q4 as stated that is an annualised 6% return, with little risk imo?

[brasso3] 10/8/2020 16:49

KS

2% not to be sniffed at! I sold out at 298p as the upside was capped. The money went into HOC.