Anglo Asian Mining Share Discussion Threads

[mad foetus] 28/8/2020 13:38

EML busting out. Lol!

[mattjos] 28/8/2020 13:37

DXY chart is now turning into a horror story. it's fallen out of a huge 10 year wedge and whilst there is a bit of support likely around 90 (probably be there pretty quickly now), it looks likely to suffer some significant falls thereafter.

Am really struggling to see what is now going to hold gold price back for too much longer now

[mad foetus] 28/8/2020 13:35

EML about to bust out

[walter walcarpets] 28/8/2020 13:17

DXY tanking

[wanobi] 28/8/2020 12:58

yep, fantastic for SRB holders,,, well done all, well done KS :-) Cheers Wan :-)

[king suarez] 28/8/2020 12:45

Cinoib,

1) SRB AISC risen due to Covid restrictions (temporary reduced production) - smaller scale operation than AAZ and they have a greater Covid impact than AAZ being in Brazil - this is temporary.

2) SRB has a (trasparent) path to an extra c38k oz annual production with recent aquisition (just awaiting licence). This new mine will lower overall AISC to around $850/oz.

3) SRB new ore sorter has demonstrated capability to increase current production to around 45k oz p/a once back to pre-Covid production levels.

3) You are comparing share prices, when you should be comparing market caps! SRB today is valued at around £60m, a third of AAZ give or take..

4) Finally - you are using the p/e ratio based on 2019 results, at an average gold price of $1,376, before the ore sorter was purchased (which increases production by around 5k oz at no additional running cost). SRB is a lower margin producer than AAZ, with higher AISC, so the move from 2019 gold price to today's price is benefitting the company more than it has AAZ.

Both companies are v underavalued and I hold both.

[homebrewruss] 28/8/2020 12:27

SRB having a good day, looks to have broken out

[mattjos] 28/8/2020 12:27

been adding this morning here.
Gold has already ignored yesterday's nonsense reaction to Powell & the US$ index is now in big trouble, afaic

[cinoib] 28/8/2020 12:23

Mattjos, tell you what mystifies me is SRB results out 2 weeks ago erns 4 mill and is on a pe of 23 and has just gone to £1 a share yet AAZ on a pe of 11 is only worth £1.50, the only good thing abut SRB is the spread is a bit smaller but the company leaves a lot to think about. I did have a few back at 58p and sold out at about 83 but thought it was getting to pricey after I saw the last lot of results 3 months back, although the recent results are an improvement at 23 times earnings an aisc of 1,200+ is way over priced.
I have been in AAZ since 2009 but the spread and the share price then were both about right, for a goldie this size a 1p spread and an share price around £2 would be fair value, but the spread is the killer.

[mad foetus] 28/8/2020 12:22

Mr 10k coming around to give me the Friday feeling yet again

[klosters65] 28/8/2020 11:42

Apologies.Clearly my mobile and ADVFN were unable to handle my response in French.I agree with all you say. I have never as yet sold willingly an AAZ share.

[mattjos] 28/8/2020 11:33

can assure you kloster that none whatsoever of the AAZ sales are by me

[fozzie] 28/8/2020 11:19

GAN had some news about its tier1 client, it's Churchill Downs as we all guessed, should be a blue day today on the tie up. GAN is c25% off its high.

[king suarez] 28/8/2020 11:14

SRB looks to have broken out this morning?

[fozzie] 28/8/2020 10:55

DSV looking good Wan, Cordero looks the real deal and I am continuing to buy here. AUG (Auryn Resouces) also worth a look. Company is splitting into three parts and shareholders will get shares in each new company. Ivan Bebek is the driving force here, well worth an hour reading up on this bank holiday weekend with a pot or two of Yorkshire Gold.

[klosters65] 28/8/2020 10:31

Mattjos, I am sure you are aware that you have disciples. When I see sales of AAZ, which I know and agree is finally about to take off, I inevitably wonder if the funds are not jumping into GFM shares.

[lefrene] 28/8/2020 10:31

m-f, perhaps the correlation between gold going up and AAZ going down needs to be fixed first! :¬)

[goodgrief] 28/8/2020 10:30

Bloody hope so! And a half decent JORC giving an inkling of all this promise. Share price has gone nowhere 12 months into a bull market...

[wanobi] 28/8/2020 10:19

I have GFM & EVG waking up today :-) GLA Holders, Cheers Wan :-)

EVG rising on compo results day for me :-) LOL,,, who'd have thought that was possible,,, LOL,,,, watch it fall back now LOL,,,, GLA Holders, cheers Wan :-)

[wanobi] 28/8/2020 10:17

recent double bottom is a good sign MF, cheers Wan :-)


free stock charts from uk.advfn.com

[mad foetus] 28/8/2020 10:13

Will we get a repeat of the September 2018 triple whammy that took share price from stuck in the 40s to touching the 90s in short order?

[wanobi] 28/8/2020 10:12

DSV - I almost missed it, RNS yesterday :-) LOL,,, GLA Holders, Cheers Wan :-)

LOOKING AHEAD:-

With the two financing's completed we are now well funded with over $80 million in cash.

Support for these financing's reflects the exceptional exposure Cordero offers to increasing silver prices and the progress we have made over the past 12-months in exploring the Project following the acquisition of Levon Resources Ltd.

Moving forward we are focused on the diligent deployment of this capital in the following areas:

Expansion of the higher-grade bulk-tonnage domain at Cordero

Systematic assessment of the extensive vein trends flanking the Cordero deposit

Follow up metallurgical test work based on our improved understanding the Cordero project to optimize the proposed flow sheet...

Completion of the socio-economic and sustainability assessments required to advance Cordero beyond the preliminary economic assessment stage

This work will culminate in a brand-new resource estimate and preliminary economic assessment for Cordero in the second-half of 2021.

Separately, we will be advancing our property-wide exploration targets including initial drill testing of other large interpreted intrusive centres on our sizeable land package.

[crazycoops] 28/8/2020 10:10

In September we can look forward to interim results, the interim dividend announcement and a JORC update, as a minimum. I would suggest all are likely to be good news announcements. Lots to look forward to. Enjoy the bank holiday weekend folks!