Anglo Asian Mining Share Discussion Threads

[papy02] 18/8/2020 20:44

Link as requested (sorry, was too lazy to click on it, create throwaway email address etc):

[jeanesy] 18/8/2020 20:27

Do you have a link please Papy02 to the free copy ?

[papy02] 18/8/2020 20:10

Got an email from Regency Capital today promoting their publication AIM Investor, with an issue titled “The one gold stock to buy right now”. Text below. I’m scratching my head wondering which company they could be referring to ;-)

Text of email:

The price of gold has soared to its highest level in eight years.

In this ESSENTIAL special report, we reveal a small-cap gold miner that looks perfectly placed to profit.

Click here for your FREE copy

Inside you’ll discover:
An ultra low-cost, debt free producer
The recent exploration deal with huge potential
Why this could be "the perfect time to buy"

Don’t miss out on the gold rush ...

[bonio10000] 18/8/2020 19:23

Resolute Miming?

I suppose it makes sense as Mali is ex French.

[avsome1968] 18/8/2020 19:17

Just be careful seen situations like this escalate?
Fozzie
Managed to pick some HUM up at 32-33.5 following skirmishes in Mali, another gift I hope. Was 43 intraday a week or so ago, madness.


BAMAKO, Mali -- Malian soldiers took up arms in the garrison town of Kati on Tuesday and began arresting senior military officers in an apparent mutiny that comes after more than two months of political demonstrations calling for the president's resignation.

It was not immediately clear who was behind the latest unrest to wrack Mali, but the developments already had prompted government workers in the nearby capital of Bamako to evacuate as soldiers began detaining officials.

"Arrests are being made of officials. It’s total confusion,” said an officer at Mali's Ministry of Internal Security, who spoke on condition of anonymity because he is not allowed to speak to journalists.

It was not immediately known where embattled President Ibrahim Boubacar Keita was when the chaos erupted Tuesday.

Witnesses said armored tanks and military vehicles could be seen on the streets of Kati, located only 15 kilometers (less than 10 miles) from the capital. The French Embassy in Bamako tweeted that residents of Kati and Bamako should stay indoors amid the latest developments.

Why hasn't Resolute Miming been hit? 60% of their 2nd qtr output was from their mine in Mali.

[wanobi] 18/8/2020 18:59

aha, many thanx Mj, I spent ages trying to find it,,, now I see it on IG, US Dollar Basket,,, will add it to my workspace there,,, thanx & cheers Wan :-)

92.32 right now, down again :-)

[mattjos] 18/8/2020 18:30

Wanobi .. you cant track US$ Index on ADVFN as there is not a ticker. I track it on IG

[king suarez] 18/8/2020 17:07

@Polaris - same thing, Rocky gets back up and continues fighting after every knockdown :)

[riggerbeautz] 18/8/2020 16:57

Lol polaris, showing age :)

[polaris] 18/8/2020 16:42

@King Suarez - maybe more Chumbawamba: tubthumping

[bonio10000] 18/8/2020 16:35

I would imagine the paper market is trying to pull down the price to allow shorts to exit.

But they can't seem to really manage it.

[king suarez] 18/8/2020 16:33

Gold is like Rocky Balboa at the moment..

[cinoib] 18/8/2020 16:10

lefrene, no, you are right there isn't and never said otherwise.
Brasso, you me the military coup that is going on, well am sure when the dust settles it will bounce right back.

[fozzie] 18/8/2020 15:50

Managed to pick some HUM up at 32-33.5 following skirmishes in Mali, another gift I hope. Was 43 intraday a week or so ago, madness.

[brasso3] 18/8/2020 15:34

Just he USD having a bounce.

Lets see what happens when the DXY tests the 92.50 level...

[c0lin1] 18/8/2020 15:31

gold being marmalised..well it is Tuesday I suppose.

edit - stocks holding up though

[king suarez] 18/8/2020 14:01

Copper getting close to the pivotal $3/lb mark too, albeit a slower rise than gold - could be great for AAZ long-term with the mix of minerals resource and processing we have - some tasty copper grades at Ugur deep could extend the mining there profitably short-term and I then I think Ordubad has some ginormous copper targets?

[wanobi] 18/8/2020 13:48

please can someone tell me the Dollar Index ADVFN ticker that's currently at 92.31 please,,, thanx,,, I ought to be tracking it I feel LOL LOL :-) Cheers Wan :-)

[wanobi] 18/8/2020 13:39

many thanx for this KS, cheers Wan :-)

TXP

[king suarez] 18/8/2020 13:31

I wouldn't be able to sleep if I held shares in EVE..

[king suarez] 18/8/2020 13:26

Well, the business (AA) is worth something - it generated EBITDA around £350m for 2020 and free cash flow before interest expense of £228m. It is really the annual interest (£128m) expense of the debt (£2.6bn) that is dragging the share price down to these levels.

Without the debt, annual free cash flow of £228m in a fairly stable sector like this would have to be worth several billion. I understand an offer has been mooted for around £3bn?

Someone with bigger pockets could benefit by buying the business, re-negotiating the debt on better terms, and getting a decent yield on their investment. Perhaps why some may think a higher offer might come to the table - it is all a bit subjective.

[brasso3] 18/8/2020 13:24

Cinoib

I guess you will not be comparing AAZ to HUM today!

[someuwin] 18/8/2020 13:15

Yes, new EVE CEO seems to be a good choice.

Also, EVE was decimated by the fallout from the Woodford fiasco (Woodford held 45% of the stock) that holding was distributed to three fund managers who have all since sold out. So overhang cleared and shares free to rise.

Combined with cash of £9m vs mkt cap of £11m makes it a compelling buy imo

[wanobi] 18/8/2020 13:04

go SuW :-) amazing :-) Cheers Wan :-)