Anglo Asian Mining Share Discussion Threads

[bwana4] 11/9/2020 11:37

Whoops Wan that is a death cross!!
LOL,YIKES!! Your saying!! 😎

[wanobi] 11/9/2020 11:33

AAZ - let's see if it can find some support at 127p or will it go all the way to 120p,,,, we shall see,,, but, looks like it'll be down for a bit longer yet... plus their presentations normally have an adverse effect upon the SP, also we're expecting lower production numbers etc etc... could be be a good buying opportunity coming up for LTH's and newbies,,, I'm certainly looking to take on a few more if these events play-out and present a good opportunity to do so :-) GLA Holders, Cheers Wan :-)


free stock charts from uk.advfn.com



free stock charts from uk.advfn.com

[bwana4] 11/9/2020 11:31

Hi guys. My son runs a Co. supplying
Gold and Silver.
Website is .
www.GoldBullionDealers.co.uk
ATB
PS. Cheaper than Bullion by Post.

[mattjos] 11/9/2020 11:29

Within a week of Israel schools returning from 1st September, the CV cases has skyrocketed to now over 3,000/day in a country with population less than London.
The Israel govt has indicated the cause was return to school & last night announced new very strict national lockdown.

Pretty sure we will be back in some sort of national Lockdown by 2nd week October here in the UK (probably not quite as draconian as first time though) & so too many other EU countries

[katsy] 11/9/2020 11:28

Cinoib I don't see why 68M people should suffer because of this virus. If you want to hide behind a sofa, be my guest but don't demand others to do as YOU WANT. Also if you've already had the virus why should you continue to hide, you're not going to infect anybody. LIFE IS FOR LIVING, IF YOU'RE NOT LIVING YOU'RE DEAD!

[pogue] 11/9/2020 11:24

Second wave will be due to people returning to normal activities as the virus has not gone away nor do we have a vaccine. We keep having all these new rules thrust upon us but not many people I see are adhering to them, add in kids are now at school and they normally transmit viruses to their family and you have a second wave.
Even government cannot control its employees....

[goodgrief] 11/9/2020 11:13

With AAZ's forthcoming presentation on 1st October, I hope Bill can clearly lay out the value catalysts we can look forward over the next 6 months. The current slide set has become well worn.

[cinoib] 11/9/2020 10:50

Klosters65, you really are a newby arn't you. While you are on your holiday, (which you shouldn't be whilst this virus is having a second wave or don't you care about others. Do some research and read a few investment books, then you won't have need to ask stupid ?'s

[bwana4] 11/9/2020 09:25

Allseeingeye1

LOL,In this market one has to make their own decisions. News to come from AAZ in about 3 weeks time
Check out Mattjo's posts on the main thread.
I am invested in AAZ,PUR,AVCT and 4D. Not selling any of them whatever the Market does.
Keep an eye on AVCT,if they bring their spit test fast enough then the economy will open world wide.
Gold will be the safe currency to hold physical or miners. Fiat currency is a no,no for me.

You sold out of AAZ and bought back in !!
Now you want to sell again ??
Like I said, everyone to their own.
NAI and the best of luck.
ATB


.

[pogue] 11/9/2020 09:11

allseeingeye1
Second wave will occur how deadly it actually will be debatable but the media will hype it to plague levels again but that's another story. I to wonder what will happen to the stockmarket. Last time as you know everything including gold miners went down I am hoping if there is another crash that it maybe more selective as the reason for holding gold miners and small CV19 pharmas is because they are the companies that are set to benefit from economic crisis and medical emergency and have proven so since the crash. I could be wrong and have a bit of cash around to buy if so. Certain sectors will fall off course like pubs, restaurants etc as the damage to them is more obvious.

[mad foetus] 11/9/2020 08:24

EKF results on Monday and they've had some exceptional recent TUs. Could breakout today imo

[katsy] 11/9/2020 08:12

Does anybody have any information on TTAU. Gold explorer with market cap of £2m, not even sure where they are traded, but they just completed a fund raise for a drilling program next month

[allseeingeye1] 11/9/2020 08:10

What’s everyone’s thoughts on a second wave occurring ? Will there be another big sell off in gold and gold miners? What is there to buy that is going to be safe if this occurs ? A Pharma like 4D?. The dividend in AAZ always gives patience a reward but for how long can we keep doing this, I think I will sell some today and over next week and defence in 4D

[arab3] 11/9/2020 08:10

Anyone else having problems with ii today ?

[wanobi] 11/9/2020 07:54

Good morning all, best of luck today :-) cheers Wan :-)

[avsome1968] 11/9/2020 07:49

Going to be fun and games today.

Amigo Holdings PLC

("Amigo" or the "Company")

Notice of General Meeting and Posting of Circular

On 27 August 2020, Amigo announced that it had received a formal notice from Richmond Group Limited ("RGL") requisitioning a general meeting of the Company's shareholders (the "Requisition Notice").

The Requisition Notice (as subsequently amended by RGL) proposes the following resolutions (the "Resolutions") relating to the appointment and removal of directors of Amigo Holdings PLC and the appointment of directors to the Company's regulated subsidiary, Amigo Loans Ltd:

1. THAT James Benamor is appointed as a director of Amigo Holdings PLC with immediate effect.

2. THAT Nayan Kisnadwala is removed as a director of Amigo Holdings PLC with immediate effect.

3. THAT Roger Lovering is removed as a director of Amigo Holdings PLC with immediate effect.

4. THAT Glen Crawford is appointed as a director of Amigo Loans Ltd with immediate effect.

5. THAT Gary Jennison is appointed as a director of Amigo Loans Ltd with immediate effect.

6. THAT Richard Price is appointed as a director of Amigo Loans Ltd with immediate effect.

7. THAT Jonathan Roe is appointed as a director of Amigo Loans Ltd with immediate effect.

The Company confirms that a circular incorporating notice of a general meeting, to be held at 10.45 a.m. on 29 September 2020 at Nova, 118-128 Commercial Road, Bournemouth, England, BH2 5LT or as soon thereafter as the Company's Annual General Meeting (which has been convened at 10.30 a.m. on the same day at the same location) (the "General Meeting"), has been posted to the Company's shareholders today (the "Circular").

The purpose of the General Meeting is to give shareholders the opportunity to vote on the Resolutions which force the Board to take steps which, for the reasons summarised below and as detailed further in the Circular, it believes are not in the best interest of the Company or its shareholders as a whole.

The Board unanimously recommends that shareholders VOTE AGAINST the Resolutions for the following reasons:

-- If the Resolutions are passed, the Company will have no Executive Directors and, in summary, the following positions will be vacant:


Position Status
Chair Vacant (pending FCA approval of Jonathan
Roe*)
------------------------------------------------
Senior Independent Director Vacant
------------------------------------------------
Chair of the Risk Committee Vacant (pending FCA approval of Gary Jennison*)
------------------------------------------------
Chair of the Nomination Vacant (pending FCA approval of Jonathan
Committee Roe*)
------------------------------------------------
CEO Vacant (the CEO designate, Glen Crawford*
will resign immediately and Mr. Benamor
will not be automatically appointed)
------------------------------------------------
CFO Vacant
------------------------------------------------

* Formal applications have been made to the Financial Conduct Authority ("FCA") for Glen Crawford, Jonathan Roe and Gary Jennison to take up the indicated roles. As part of this process each of these individuals has been certified by the Board to the FCA as being a fit and proper person for his proposed role. However, there is no certainty regarding the timing of FCA approval of any individual to take-up a given role, or indeed if final FCA approval will be received.

-- This lack of oversight and control risks having a significant negative impact on the Company.

-- In particular it is critical that shareholders note that the CEO designate, Glen Crawford, will resign immediately if the resolution to appoint Mr. Benamor as a director of Amigo Holdings PLC is passed. Glen Crawford and the Board have already agreed that Glen Crawford's resignation will automatically take effect in such circumstances.

-- The Board regards Glen Crawford as the best person to lead the Company and his resignation would be materially detrimental to the interests of the Company and its shareholders.

-- Whilst Mr. Benamor would become a director of the Company, he would not be automatically appointed CEO. This would require a number of pre-conditions to be satisfied, including being viewed by the Nomination Committee as being the best available person for the role, being re-assessed by the Board as being fit and proper for the proposed role, and finally being approved by the FCA for the role.

-- The Company is currently facing a number of urgent and time critical customer issues, including: (i) resolving a backlog of complaints; (ii) uncertainty regarding future complaint volumes; (iii) an investigation by the FCA into the Group's affordability practices since 1 November 2018; and (iv) the ending (at the end of October 2020) of the Covid-19 payment holidays granted to around 47,000 customers. All of these issues are against the background of an anticipated rapid increase in the rate of unemployment as the Government's furlough scheme comes to an end in October 2020 and which may impact Amigo's customers. Each of these issues is extremely serious; collectively they are capable of impacting the Company's ability to continue as a going concern. For these reasons, any unnecessary changes to the Board a t this critical and unprecedented time are not in the best interests of the Company or its shareholders as a whole and may be disruptive and damaging to the Company and its stability and ability to focus on the current key challenges facing the business and to take the business forward.

-- The Company will be without a CEO for an indeterminate and potentially prolonged period . This will be damaging and detrimental to the Company at this critical time.

-- The Company will be without a CFO. Nayan Kisnadwala is an experienced CFO with a deep understanding of the Company and its current issues.

-- Mr. Benamor's offer to buy 29% of the Company's shares at up to 20p per share may never materialise as it is conditional on a number of third party actions, but significant damage will have been done to the Company if the Resolutions are passed:

[pogue] 10/9/2020 23:21

Should add there is pollution regards battery farms IIRC nasty stuff. Hydrogen should be the way forward but in a post truth world it all depends who has more cash to influence the sheeple, my money is on the olies and hydrogen to be honest regardless of the issues with cost.

[pogue] 10/9/2020 23:05

OK so GRID is battery storage. Personally I think battery storage is rapidly going to get superseded by hydrogen. That what the oilies are betting on, making hydrogen as a way of using spare green energy produced when nobody wants and then convert to ammonia which can more easily be transported and even used in planes or coal fired power stations. Stepping stone is using natural gas to make hydrogen, not really green but the greenies are idiots and believe that point of use is more important than where it came from, think about electric cars powered by coal fired power stations, total madness if you consider the power losses but I digress. GRID not something I would consider longer term maybe a short term punt.

[pogue] 10/9/2020 22:38

Yes i think JSE and TXP are good. To be fair I sold out JSE at 65p recently, second time I have sold out there, and took profits as I felt they had peaked I will buy back in soon though they have good management which is important when dealing with old assets and will prosper. TXP have a good set of prospects and a captive set of consumers effectively so that's a good combo I have not sold there as I think they have more to run. My other oily, if you dont include PFC which I should have sold but kept, is PTAL which I bought way higher up but think is a good long term bet so dont think I will loose long term, I topped up around 13p.
I will look at GRID dont know them but have not been looking at oilies lately as most of my speculative cash is in gold, silver and pharma, this old dog is learning new tricks lol

[fozzie] 10/9/2020 22:15

Too old Pogue and feeling it. I think/hope I've got it just about right with JSE and TXP, a smaller position in PTAL and SQZ. Have a look at GRID, trading above nav but you pay for quality, good divi and in the right place? Interested in your thoughts.

[pogue] 10/9/2020 22:06

Depends how old you are fozzie :0) Short term there is money to be made and JSE etc is the place to be.

[fozzie] 10/9/2020 21:59

Good post Pogue, I don't disagree with your sentiment, I just think I will be in a box by the time the oil story starts to end.

[goodgrief] 10/9/2020 20:16

Here's trusting AAZ have something significant to present on 1st October!

[avsome1968] 10/9/2020 20:05

WAN

On EUA Isn't that last candle a Bearish Harami or wait for the next couple of candles could go either way. trying to work out those candles some truth in them.