Anglo Asian Mining Share Discussion Threads

[tolga1] 15/8/2020 11:11

C0lin1, happy to accept the challenge, race is on

[c0lin1] 15/8/2020 11:09

i'm gonna have SHG this week ODSJP. Thanks

[c0lin1] 15/8/2020 11:07

Tolga you're not that good if im above you ;^)

tolga115 Aug '20 - 10:54 - 23946 of 23947
0 0 0
Thanks odsjp,
being a lurker can't believe that I am Nr 3, however, having a medical background I hope to be Nr1, within 3 weeks, considering the potential of Synairgen's treatment for Covid as well as for COPD
Good luck to all players and many thanks to Wan for keeping this board alive

[king suarez] 15/8/2020 11:02

Just curious - when you guys talk about having sold other positions to buy AAZ during the drop - what other stocks did you hold that did NOT drop like AAZ (nor rebound as well) so that it has worked out beneficially? I didn't sell anything to top-up because my whole portfolio dropped by similar amounts..

[bazboa] 15/8/2020 10:57

Thanks odsjp, I think I will stick with DDDD again this week. Definitely a lot more to come from them.

[tolga1] 15/8/2020 10:54

Thanks odsjp,
being a lurker can't believe that I am Nr 3, however, having a medical background I hope to be Nr1, within 3 weeks, considering the potential of Synairgen's treatment for Covid as well as for COPD
Good luck to all players and many thanks to Wan for keeping this board alive

[bumpa33] 15/8/2020 10:54

Damn, stick me down for ARK again...!

[klosters65] 15/8/2020 10:54

You have to admire yas X for re-joining us but hours before Warren Buffet releases the news that he is now an investor in Gold shares for the 1st time. Barrick shares up 8% in after hours trading.

[odsjp] 15/8/2020 10:44

Below are the final results for week 2.

Big congrats to:
1. Our weekly winners: Bazboa, Pogue and Indyanna
2. Overall leaders Bazboa, C0lin1 and Tolga1



Week 2 - Final results

[kingyon1] 15/8/2020 10:43

Can we assume then that WB considers his entry point to gold to be somewhere near the bottom, with good gains from here?

[onedayrodders] 15/8/2020 10:42

Yep .. miners will be issuing dividends that Corporate Companies could only dream about

[wanobi] 15/8/2020 10:35

Good morning all,,, many thanx ODR,,, this news is creating quite a stir across every media source/platform I know,,, its going to be interesting to hear from the oracle himself about this investment,,,, I'm guessing he'll say it was his team who made the decision and that whilst gold gives no yield, right now, what does and that its a miner who will be producing fantastic profits with a rising gold price,,, which due to all the QE etc etc he can say, is expected to rise :-) LOL.... we shall see,,, either way, whatever he says, it's rule No 17 that matters most right now :-)....

17 - It is what you actually do in the stock market that counts.

Cheers
Wan :-)

[lefrene] 15/8/2020 10:33

Perhaps the moves by Buffet will give pause to those who might sell their goldies?

It will also prompt others to go looking for gold bargains, and AAZ is imo an outstanding bargain.

[ilostthelot] 15/8/2020 10:21

Ptolemy

The share price is very frustrating for a buy and hold investor.

My strategy includes buy and hold. I have said on this thread several times that I also trade between £5000 /10000
Blocks of shares depending on what the share price is doing.

E.g when it dropped back to 80p I sold other positions and bought more here. Then sold around 130 for over 50% gain.


The point is you could have bought at 80p in March and sold at 160p.it is all about time frames and worthwhile if you're able to time the dips well.

So if this was to dip to around 120p I'd increase my weighting here again and then trim around 175 for a decent gain. It can be traded some days the spread narrows.

[bleepy] 15/8/2020 10:03

From ipo docs...

World class resources:
Soviet classified resources of 15.6M oz gold equivalent plus potential for a further 78M oz gold equivalent, putting Anglo Asian amongst the major independent gold companies in terms of resource size - the Directors believe that Anglo Asian has one of the largest undeveloped gold properties in Europe or Asia.

Anybody like to calculate the cubic dimensions contained in the above resources...

[bonio10000] 15/8/2020 09:56

Barrick up 8.2% and Newmont 2.6% after hours.

About 20 per cent of the BlackRock Gold Fund.

Thanks Warren.

[c0lin1] 15/8/2020 09:31

Ive given up trying but if any of you want to try to convince relatives about the virtues of gold there is a good book by EB Tucker called Why Gold Why Now. I got it on audible for my son but hes not interested so I listened to it myself.
Its easy listening for a financial novice. He does do a bit of shameless plugging for his company Metalla Royalty & Streaming of which he is on the board but on the whole it is good and only 5 hours long.

Heres the summary below


Investment industry veteran E.B. Tucker shows listeners the gold market from the inside.

This three-part book breaks gold down into must know sections:

Why Gold?: History reveals an ugly pattern of governments spending tomorrow’s hard-earned savings today leaving unknowing savers holding the bag.
Why Now?: Recent events foretell a dangerous future for money today.
A Gold Market “How To” Manual: From bars to coins and everything in between Tucker walks listeners through the gold market in simple terms.
There’s a reason why the world’s elite count gold as a core asset. During periods of financial turmoil, it’s invaluable.

Gold is the only asset that's not someone else's liability. Apartments rely on paying tenants, stocks rely on company profits, bonds rely on stable interest payments. Gold doesn't rely on anyone or anything for its value.

Tucker guides investors in simple terms through the ways to own gold, from physical bars, to coins, and even mining stocks. He reveals his favorite method, gold royalty companies.

From a financial novice to an investment professional looking to get up to speed on the gold market, Why Gold? Why Now? is the essential guide to the world of gold.

[bonio10000] 15/8/2020 09:31

Going to be some Barrick shorts having an uncomfortable weekend.

[traderglt] 15/8/2020 09:11

That 67 feet cube blows your mind

[c0lin1] 15/8/2020 08:12

Warren Bufett’s Bershire Hathaway just bought almost 21 million shares of Barrick Gold Corp. Barrick stock is up 7.7% after hours. Things are beginning to get real in the gold space. Buffet also dumped all his Goldman Sachs stock.

The same Warren Buffett that said –
“I have no views as to where it (gold) will be, but the one thing I can tell you is it won’t do anything between now and then except look at you. Whereas, you know, Coca-Cola will be making money, and I think Wells Fargo will be making a lot of money, and there will be a lot — and it’s a lot — it’s a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that.”
or
“You could take all the gold that’s ever been mined, and it would fill a cube 67 feet in each direction. For what it’s worth at current gold prices, you could buy — not some — all of the farmland in the United States. Plus, you could buy 10 ExxonMobils, plus have $1 trillion of walking-around money. Or you could have a big cube of metal. Which would you take? Which is going to produce more value?”
I guess gold companies are different.

[mad foetus] 15/8/2020 07:23

I've read it before but the essay at the end of that ZH article by warrens dad is really worth a read. I'm not a gold bug, but it's the best piece I've read on why gold does matter:

[mattjos] 15/8/2020 00:05

Welcome back yasX :-)

I have been waiting for you to pop back up here &, as usual, I believe your timing is near perfect.
look forward to reading some of your occasional contributions.

[yasx] 14/8/2020 23:49

All,

I have again taken a position again in AAZ and have been buying since yesterday at slightly below 150p. I am fairly sure at some point it will breach previous highs, and will continue to buy any dips (if they present themselves). There has been significant progress since I sold my previous holding.

I did note the price went down to 70p or so a few months ago but did not tuck in back then - not an issue since there were many other exciting plays I accumulated that bounced sharply around that time - one can't participate in them all. .

Good luck to all holders and I hope to start reading this thread again, and , if/when necessary offer the occasional contribution.