Anglo Asian Mining Share Discussion Threads

[lhoskins] 20/9/2020 21:33

I'll go with KEFI this week please. Too scared to stick with ALBA as there might be a drop in share price next week if people decide to take quick profits.

[tolga1] 20/9/2020 21:31

Hi odsjp
would like to continue with my RUA please
Regards

[jeanesy] 20/9/2020 20:55

I too am torn between holding ORPH again, switching back to ORPH or picking AAZ or maybe even CGNR. I will stick to ORPH . If DDDD or AAZ do the business then i will be happy with that too !

[pogue] 20/9/2020 15:42

No idea what to do this week. Last week I chose slightly wrongly and got the 4th highest riser instead of the 2nd or 3rd as I considered both of them, lucky I hold them all so that cheered me up. Anyway this week the contenders I hold and am considering are AA.,ORPH, DDDD and AAZ the latter I am shocked to even consider but some news is due however this is AAZ and a good RNS is a sell signal normally so am not too keen to take them, I seriously wonder why I hold them sometimes to be honest should have sold out long ago when I worked out they were not connected to the gold price. AA. are very close to the end of the bid extension period, end Sept, and the price rise last week seems to suggest a bid may appear this week. There was strong, nay downright 100% indication, last week from CF at ORPH that there will be a large contract win before the end of Sept and the price was rising before that and is currently holding over 15p so potential there for a run at 20p if the stars align plus an RNS drops, just need the instis to stop top slicing, but could just as likely drop back to the bottom of the rising trend. Then there is the machine that is DDDD just churning on every week.
I think I will go for the machine that is DDDD as AA. and ORPH could happen the following week. Could be a hard choice next Sunday if that happens!

[qazwsxedc69] 20/9/2020 11:54

* main (not median) thread. (Is it possible to Edit a message purely via mobile?)

[qazwsxedc69] 20/9/2020 11:52

AEXG for me this week please as I attempt to get out of wooden spoon contention. I posted rationale on the median thread (by accident) if anyone Interested. Thanks.

[wanobi] 20/9/2020 10:51

yep, TXP is gonna be interesting KS,,, I've reduced my holding by 50% in recent times as I originally started buying at 20p and down to 13p so I needed to play the % game and bank some profits,,, if they strike gas/oil again, so be it, I'll be very happy to see my 50%-in rise again,,, if they don't and it falls I shall use the 50%-out I now have in cash to buy the dip, not in one go, but steadily according to the chart :-),,,,, just wanted to share my approach with you FWIW... :-) fingers crossed it's 3 from 3,,, I have a good feeling about it, but, needed to be strict with myself as it is after all a binary bet each time they drill.. Cheers Wan :-)

fingers crossed, GLA Holders :-)

[king suarez] 20/9/2020 10:11

Think I will stick with TXP please. This will be the last week before news on the Chinook drill, so expect a small-ish rise to continue - will stick with TXP next week as well - it will either fly or crash on the drill results!

[ilostthelot] 20/9/2020 09:49

I'm picking syme again. The Ceo has said there will be news imminently which I hope will propel the share price back towards 1p.

I would have picked dddd but I think it'll be the week following next week for the ibs results at dddd. The Ceo said end of September / beginingnof October.

[goldrush] 19/9/2020 22:14

Pogue re PXC Financing

I confirm what Pantsonfire has stated above and attributed to me

The Board has emphasised numerous times that share dilution will be minimised.These are not idle throwaway comments as made by some other companies. The Directors are major shareholders and they have made no secret this is their pension pot and share dilution is a no no.

Marcus (The Chairman) is an expert at putting deals together, especially with Family Office Type Funds and Richard (The Financial Director) is also very experienced in this area. The founder of the Tosca Fund is a 21.59% shareholder and supporter to give you a flavour of the spread of contacts.

At this time there are many well endowed worldwide funds who are looking for gold, silver and copper secured projects and there is no better least risk environment than Idaho. ( As per Geopolitical Stability--
Mining Journal World Risk Report 2019: Perceived Risk Ranking
• Idaho lowest global risk )

As stated by the Directors and confirmed by Pantsonfire and me, let's get a great Resource Upgrade out and exciting PEA.....and the project will be very financeable on very satisfactory terms.

All IMHO

[lefrene] 19/9/2020 19:09

Mattjos, thank you for the link, much food for thought. The Chinese play a long game, thus one presumes they have though their strategy through. Show the dollar up for the Ponzi paper it has become, whilst moving towards a Yuan underpinned with gold, would seem to be how they intend to become the new reserve currency? If the strategy begins to take hold, the demise of the dollar could be swift. I would rather be reading about it, somewhere comfortably well into the future.

[wanobi] 19/9/2020 19:08

no I haven't KS, I've been reading all sorts on the subject, but thought I'd just let HL get on with it and see what happens :-) Cheers Wan :-)

[king suarez] 19/9/2020 18:45

Wan - have you had any info from your broker re: upcoming JSE dividend? I'm unsure whether or not I need to contact mine, or whether they will handle it automatically?..

[mad foetus] 19/9/2020 18:37

htTps://www.abc.net.au/triplej/programs/hack/model-predicting-united-states-disorder-now-points-to-civil-war/12365280

[bonio10000] 19/9/2020 18:35

Nah. If Trump wins then all the left will do is burn down their own cities. Which is very odd behaviour - but their choice.

If Biden wins the right are usually pretty well behaved. See 8 years of Obama.

Will look great on the news when the BBC portray NY and LA as the whole of the country.

[mad foetus] 19/9/2020 18:31

Let's not talk about Brexit. If you want a macro topic, what about: "America: 2 months from civil war?"

[c0lin1] 19/9/2020 18:18

Absolute rubbish

[actonovator] 19/9/2020 18:09

lol bonio 'luxury communism' - it is neither luxury (since its intent seemed to be to to keep businesses and individuals more or less ticking along at the same pre-Covid level for a short period) nor is it communism (as all the decisions are being made by the ruling capitalist class to keep capitalism running that little bit longer) . When I can choose what vintage of champagne I want for breakfast I'll let you know we've arrived...

[odsjp] 19/9/2020 17:15

I will stay with RBW next week. Very frustrating as the JORC is long overdue and the competition PRE which will be built with Chinese money has a market cap of £120M and RBW is at £15M. Japan/Oz/US have all said they are also looking for rare earths outside of China so go figure.

I also have been looking at another share and taken a small position (GWMO) which a few of you might want to DYOR. For me it is a case of once bitten, twice shy as I bought some of these shares many years ago and sold at a loss.

They are(were) a typical explorer always raising money for drilling, diluting shareholders and never delivering any tangible benefits. However, maybe now they are changing.

Plus side
- Located in Mineral county, Nevada, US
- Funded for remainder of 2020
- No debt
- Companies assets now include a number of old gold, silver and copper mines.
- Plan to do grab sampling of some 38 spoil heaps ( a number still not easily accessible by road) to identify targets
- Permit this year to remove 900 tonnes of material from spoil heaps and process for gold/silver with a view to sell this year (Mineral Jackpot cluster of five historic gold mines). The income would probably be immaterial but as far as I know would be the first time this company has ever had any income. If this happens, might bring to more investors attention and be boosted by the current/future price of old.
- Share price doubled in last 3 months and market cap is still only £4M
- Also waiting on some results from some samples at another area (Rock House group) which is due in two weeks.
- New management in recent years.

Down side
- Unproven (Questionable) management ability
- Probably a punt more than an investment at the moment.
- Will need to raise more money next year

[pogue] 19/9/2020 17:09

Thanks POF we await the PEA then with bated breath...

[bonio10000] 19/9/2020 16:49

Quite.

Which is why no deal from day one would have been best. Would have all been done and dusted years ago.

[the stigologist] 19/9/2020 14:56

Just a bit of weekend fun

[pantsonfire] 19/9/2020 14:10

A good question pogue. In our discussions the other week with the BoD, and I think it was goldrush who posted this later on the PXC board, rather than me, they said that they are looking at the most undilutive manner to fund any mine. First, they said that this would be eminently suitable for project funding type arrangement, but with low interest rates around at the moment the funding could possibly be a loan facility from a Family Office type fund who are looking for a good safe return and of course backed by our gold (without forward selling or hedging). It will not be convertible, but PXC might give a "kicker" of a few warrants/options for some upside to the Fund. Marcus stated on our call that this was attractive and was being considered. Lastly, I believe that preference shares could also be an option, where the shares are non-dilutive, offering interest or a small royalty stream. But Richard Wilkins has emphasised several times that first we need the PEA to be able to understand the configuration of the plant, to know the capital and operating costs, and balance that against the projected revenue. At that point discussions will be in earnest.

To confirm though, the BoD are intending to raise the finance without significant dilution. That has been a strong message in recent times.