Anglo Asian Mining Share Discussion Threads

[mad foetus] 11/9/2020 14:21

I do the warm up, pants is the main act

[katsy] 11/9/2020 14:08

That c10% lower than today though.

[stepaside] 11/9/2020 14:07

Don't imagine it'll go much lower than 125

[katsy] 11/9/2020 14:01

Anyway back to AAZ, I'm now in a position where I can start to average down. All paper profit gone. Dummy buy gives me 1.37. I do want more but I suspect I'll get lower next week, thoughts!

[pantsonfire] 11/9/2020 13:55

Good afternoon one and all. I have seen earlier in the day some members here posting their long term holdings, but I see PXC notable by its absence. Let me summarise the reasons why I feel that PXC is worth an investment in a risk portfolio. Here’s the case.

I spoke this week with a director. I heard nothing but confidence. This is a start-up company with the initial work necessarily focused on projects for finance purposes, and specifically Red Star silver and Empire Open Pit. We are in the final weeks before there will be a complete re-write of the 43-101 Resources, when from the results already in, we can expect them to JUMP. This will be followed by a PEA, which will be off the scale compared to previous work. The facts are there. The previous PEA was made chasing copper, but now it has switched to gold. The price of all PM's has soared. And the recovery of gold is now predicted to be around 97%. I had the very strong feeling from my conversation that finance is already in the pocket. Think of that. Resources perhaps double in dollar terms and the project is almost totally derisked. We are that close. WHIreland said that derisked the share price should be 140p, and that was before the summer drilling programme, the new gold and silver prices, before the 97% recovery was known, etc.

Once we have the finance, and like I said I believe the company are confident that it will be in place, the projects are essentially derisked. With production starting from end 2021, we have a cash flow, it becomes a company, rather than a project. At this point they can finance themselves a look at the deep underground, the reservoir which has been feeding the surface veins. Then the price should soar, since the consultant geologist estimates that they have only discovered 1% of the resources to date, noting that they have approx. $2 billion of resources already confirmed.

So, invest now at a large discount to the price calculated by the professionals on a single project basis, and buy into a company which could deliver a good part of your pension.

The above is just my opinion, and not offered as advice.

Hope everyone has a great weekend!

[fozzie] 11/9/2020 13:31

Those reported bush fires that brought PUR down from 130+ to under £1 in a few days were a major buying op. I managed to pick some up but not nearly enough, with hindsight I should have backed the truck up. Sp now 161!

Strukhov and his mates caused the POG share price to drop from 35 to 25, I held on and added on the way down eventually selling a few weeks later at 38-40p.

HUM had fighting outside its mine, share price drops from 42 down to 30 and now back up to 39!

Strikes me we should be watching out for these extra ordinary events beyond the companies reasonable control, viewing them as trading ops and jumping on them.

[klosters65] 11/9/2020 13:17

Cinoib, You are very vociferous. I am concerned for you. Surely, it is harvest time and you should be picking fruit in your orchard in Portugal.

[allseeingeye1] 11/9/2020 13:14

Thank for your replies, I think a second lockdown was coming and i do think it isn’t going to be as bad as the first. I am going to start diversifying in 4D as I think Pharmas will still be in high demand especially as their Covid results are due end of the year.

[spidertricks] 11/9/2020 13:12

You're very generalised in your speaking and assumptions of others cinoib.
PS precorsions ... what's one of those?

[cinoib] 11/9/2020 13:03

Katsy, wrong end of stick Mr I don't hide have to much work to do. I take precorsions like others should, I have not had nor likely to get. You are just typical of the greedy ones who don't give a dam about others as long as you are ok.

[katsy] 11/9/2020 12:41

Sometimes good JORC reports can really invigorate a share price. Hopefully the one soon to be released will help, assuming it hasn't been written in a way that only geologist can understand.

[kingyon1] 11/9/2020 12:21

Ffs 120 looking nailed on. I guess I’ll have to average down if we hit it.

[ged5] 11/9/2020 12:18

Interesting piece on Ian King, Sky News yesterday when he interviewed Andrew Winstanley CEO of Berkely Care Group.

1. Back in early March he thought there was too many mixed messages and much confusion so he locked down all his care homes.

2. He was advised a while back by Carterwood that cases would rise in September, peaking in October. He has prepared for this eventuality.

It looks like Carterwood were correct about the rise in September. If the peak this time is in October wouldn't that be a best case scenario?

There was also a demonstration of iAbra's covid screening device. It uses Physics rather than Chemistry. IF it is independently verified and it has high accuracy, it could be a game-changer.

[gold finger 1] 11/9/2020 12:11

I stopped posting on here as much when i gave my opinion on the fact that we were informed that a few wealth managers were buying in here, and this in my opinion has been the reason the share price has been held in a tight channel for over a year.
Well yes there are people selling in 5 and 10,000 chunks. But those same wealth managers are sat in the background taking them all.

News is all that is going to stop this slide, even then we know how AIM works and how the mm's can put a stop to any rise if their mates in the city are won'ting to
buy shares at a set price.

I can't see this moving out this channel until late in Q4 or even until new year whe AAZ can show that production in Q4 has been as good as they have forecast.
I can see on the charts that we are more than likely going to hit the bottom of that channel before the interim's, then move back up to the top of that channel at about 145p. Then stay in that channel until Q4 results are out and hopefully they are as good as we are led to believe.

[mad foetus] 11/9/2020 12:05

PXC very close to breaking

[bwana4] 11/9/2020 12:01

Wan, PUR just keeps marching on !!
Not that I am complaining!👍;

[mattjos] 11/9/2020 11:50

it doesn't matter about 'facts' on death.
Politicians have now made a rod for their own backs in Democratic nations.
A lockdown was mandated when cases spiked up in Wave 1 & so, they will have very little room to manoeuvre as the 2nd Wave comes along … if they don't mandate a second lockdown then the opposition party will gain ground as they will inevitably lobby for a lockdown.
I don't believe there is a 'right' answer .. only choice of less 'wrong' answers & the least wrong answer will be to minimise deaths & therefore lockdown.
As soon as the first EU country gores into a second lockdown (& that may be France later today), the pressure will intensify on all the other EU nations to do same.
There are several EU companies I know who are not even waiting for the govt. decision an are already now starting to wind down work & staffing levels

[wanobi] 11/9/2020 11:48

Mj, how's your AAZ chart looking in terms of next support level?? Cheers Wan :-)

[wanobi] 11/9/2020 11:43

but, but, but don't forget my calls on stocks around news events/presentations are usually wrong cmb,,, so it'll probably shoot up now I've posted my call :-) we shall see,,,,, oh what a game, wowzer wowzer wowzer :-) LOl Cheers Wan :-)

[wanobi] 11/9/2020 11:38

indeed cmb,,,, YIKEEEEESSSSSSSS :-) LOL,,,, cheers Wan :-)