Anglo Asian Mining Share Discussion Threads

[bo doodak] 16/8/2020 01:16

Folks may find this interview with the Armenian PM interesting and informative
(thanks to Casual on the CGH thread)

[indyanna] 15/8/2020 22:58

odsjp, I'll stick with EUA, flanks news or a bid could come at any time, staying for the end game.

[mattjos] 15/8/2020 22:19

Peter Schiff latest, covering Buffet revelation:

[callmebwana] 15/8/2020 20:07

D/P..M/F, that is why I have built a fair sized position in PUR. You are invested there too. Now the news from PUR is regular.
AAZ is still my largest holding in my portfolio but there are times when I feel a bit exasperated by AAZ.
These are just my honest views.
NAI and I will continue to hold AAZ.
ATB and all have a good weekend.
GLA.

[tonyfleming] 15/8/2020 19:28

Brilliant, helpful analogy!

[goldrush] 15/8/2020 18:04

odsjp ....Please note my post no 23952 I have changed it to PXC the same as last week....hopefully Red Star results this week..

[pantsonfire] 15/8/2020 17:58

I'm for PXC as well, as always, ever hopeful for the Red Star results to be out. I am suspicious that they have been impacted by COVID, hence the delay, most likely in their external laboratories, since they appear to have robust procedures for their local field work.

[odsjp] 15/8/2020 17:54

Avsome1986 you can choose the same as someone else if you want. I will put you down for C4XD but if you want to change to DDDD, let me know before Monday

[avsome1968] 15/8/2020 17:19

Dam was going for DDDD , not complaining though lol. put me down for c4xd please

[lhoskins] 15/8/2020 17:09

I'll go for PXC this week please.

[donald pond] 15/8/2020 15:45

Ptolemy,
I share your frustration with the share price and in my view it is because the company hasn't given any upside surprise for the last 18-24 months. That is not to say that it hasn't been busy, but the key metrics that people look at, like production and new grades, have been pretty middling. Production has drifted down a little and while AAZ has been exploring multiple sites, the overall grades being reported are not often headline grabbers. The company hasn't led with RNSs trumpeting "grades of 12g/t found" or "bonanza seams discovered". Indeed, when it did discover bonanza seams it said that they could be anomalies and so are double checking, and since then, nothing.
That may be because AAZ are sitting on a big porphyry resource which yields billions of tons at modest grades rather than millions of tons at higher grades. That mindset takes a bit of time to soak in. It is also why the news that despite a fairly underwhelming H1 on the production front, the company expect to reach FY production targets, helped largely by going into the dip down in Q4, is important. It looks likely that AAZ will produce 25k oz in Q4, which goes on to indicate that next year it should be capable to hitting quite a bit higher than 80k. So I think the news of increased production in H2 is the most significant actual development (as opposed to hints, of which there have been many) since I started investing 3 years ago.
But overall, I think that explains it. Or if you like a pictorial analogy, AAZ is a giant jigsaw puzzle where lots of small pieces are being placed in a relatively random order. Other miners put the puzzle together from the middle out, which means that you get to see the picture quicker, without much indication of scale, whereas for AAZ, the picture isn't clear, though the scale is.

[chrysalis99] 15/8/2020 15:28

Or trading and gambling!

[king suarez] 15/8/2020 15:13

Will go with BRH this week. Twitter seems to think something is brewing!

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

I see, interesting, thanks. STCM dropped similarly from 35p to 18p, but has only recovered to 23.5p so far, so hasn't doubled from the low, like AAZ - though cement prices haven't flown like gold!

[ilostthelot] 15/8/2020 14:56

King I sold STCM and added here at 80p.
I also borrowed 8 grand from tsb to buy more.. Which is perhaps a little risky but it worked!

[mad foetus] 15/8/2020 14:41

Hard to look beyond PXC and DDDD this week but I've got a feeling about AAZ, so that's my tip

[qazwsxedc69] 15/8/2020 14:33

I'll take PXC please

[callmebwana] 15/8/2020 14:16

Good afternoon all.
Could you please put me down for AVCT.
Many thanks.
Have a great weekend all .
ATB.

[goldrush] 15/8/2020 12:59

Here is another confirmatory article to Matt's Zerohedge post..... from Bloomberg late last night on Buffett buying into Barrick.....with a great headline 😀😀

Courtesy of roguetrader on CHIP BB-


roguetreader15 Aug '20 - 08:46 - 8763 of 8763

C1
Yes I thought that was interesting; possible catalyst for higher gold stock prices? (Subject to gold price). Bloomberg article below:

[odsjp] 15/8/2020 12:51

--> Pogue
Good thinking. As you say AA are unlikely to go down with 3 or 4 parties circling to make an offer and 50p looks easily achievable.
Playing safe does seem the best option rather then my gamble (which didn't pay off) last week. Definitely the difference between trading and investing.

[wanobi] 15/8/2020 11:44

some great choices already there,,, excellent,,, I have a few DSV ODR, now thinking way too few :-) LOL,,, may have to add on Monday,,, was great to see it drop and then head back up on Friday :-) Cheers Wan :-)

[pogue] 15/8/2020 11:30

Have no idea what to go for this week so many companies waiting on a transformational RNS but since we are now doing a weekly add up it pays to be conservative so I shall play safe and go for the one that wont go down, I hope, whilst we wait for the magic RNS, AA. If a bid comes this week the price will immediately go above that price I suspect as the others that are waiting will be expected to trump it. So 50p end of next week based on a 45p bid problem is the bidders are a bit shy and dont want to show their hand so may get no bid for a little longer.

[goldrush] 15/8/2020 11:21

odsjp

Very well organised.

Put me down for PXC this week please.

[onedayrodders] 15/8/2020 11:17

DSV:TSX PLEASE