Anglo Asian Mining Share Discussion Threads

[wanobi] 09/10/2020 07:16

Good morning all, Good luck, Good health and peace to you all today :-) Cheers Wan :-)

[qazwsxedc69] 09/10/2020 07:15

What a mess!

[donald pond] 09/10/2020 07:12

Warning at POG...looks like business of track, boardroom coup, profit warning, share price hit, takeover offer, all stuff acquired at knockdown price.

[muddy_40] 09/10/2020 04:46

So we now have a statement from Putin to stop the conflict. Still think Azerbaijan president will stick to his guns



Russian president Putin issues a statement calling for immediate ceasefire. He also has invited Aze and Arm MFAs to Moscow for consultations. They were already scheduled tobe in Moscow on Oct 12th within the OSCE Minsk Group format

This is what could happen: Putin was briefed about the Geneva negotiations. Kremlin did not like the way the negotiation process was going, so he interfered immediately.The statement itself and invitation to Moscow also could indicate of Putin’s desire to change the negot. format

[bwana4] 09/10/2020 02:56

A very good morning to you all.

Odsjp. Very good questions by you.
Yes the TEO = Western DFS. Will come out in December. Early December hopefully.
The reason for this investment in Australia was to get income so there would be no more further death spiral dilution to the share holders.

This has been achieved by Adam Habib.
He is a former Banker with very good connections in the mining industry.

The TEO will light fire under the shaeprice IMHO. You see the full drilling results for 2018 has not been fully released to the shareholders !!
They will ofcourse come out in the TEO
Kun Mani is a massive resource.

AMC had other land to drill but gave it back to the Russian Gov. Quite a few years back.
Adam having good connections with GLEN.
I think GLEN have agreed to buy all the
product mined by AMC. It has not been officially confirmed though.

There is a lot of help available in Russia from the likes of the Far East Devlopment Fund to the mining industry.
The low interest loan to build the 300 KM Road to Kun Mani fron the BAM railway station has been agreed by the Russian Gov.to a degree. That road can also be used by the Forestry Department too.
The road has to have 12 Bridges and Culverts built. There are tributaries to the Amur River.
Water Supply would not be a problem for the mine. The area is very hilly.
The engineering plans for the road build have already been done by the help of a British Co.if I remember correctly.
The road build itself will take some time, a year or two IMO. Then only the mine build will start.
Not forgetting that AMC has a world class resource if Nickel Sulfide, not Nickel Latrite.
Nickel Sulphide is what is needed for the EV batteries. The likes of Mr.Musk of Tesla Motors are pushing hard for mines of Nickel Sulphide to be developed quickly. As we all know EV' are in Vogue right now.
Kun Mani by rail is only 5/600 KM from the Chines border. The bridge over the river Amur is also open now. That opend just a while back.
Mining Nickel comes with a lot of other metals too, Copper being the largest content. Platinum, Paladium,Cobalt etc.
Are all present in the mined ore.
These PM's alone are worth $ Billions.
I will try and value the resource when the TEO comes out. Though it may be valued within the TEO document.

I have tried to give my take on AMC but please you must do your own DYOR too.
Any further questions about AMC please feel free to ask.
Oh' there could be a bid by Chines Ginchuan Co. AMC has a Memorandum of Understanding with Ginchuan.
NAI ofcourse.
Have a good day and please stay safe
ATB..

[riggerbeautz] 08/10/2020 23:06

Better buying bullion or anything as near damn it spot. Silver is silver unless you’re a real collector rather than stacker. Just my opinion.

[brasso3] 08/10/2020 22:52

Not sure what to make of this:-

[pogue] 08/10/2020 21:32

when does the alarm ring though :0)

[brasso3] 08/10/2020 21:27

US debt clock now through $27 trillion!

[wanobi] 08/10/2020 18:45

many thanx PoF,,, I have read the post, excellent work,,, please feel free to post it all here should you wish,,, Cheers Wan :-)

[pantsonfire] 08/10/2020 18:43

For those who may have missed it I posted my latest conversation with a director today on the PXC site. In brief, it says the BoD are extremely confident their PEA will deliver very positive returns, and ask that we focus on the economics rather than resources, which they now consider a bit of red herring. A bit like we've proven that we have the gold, now look at the cash flows we're going to produce by focussing on the higher grades first. The PEA is due out mid-November.

[wanobi] 08/10/2020 17:59

doc, I've got this spot!!!,,, only joking LOL :-),,, many thanx for posting :-) Cheers Wan :-)

[odsjp] 08/10/2020 17:54

Thanks avsome

[odsjp] 08/10/2020 17:50

Thanks avsome

[doc_oj] 08/10/2020 17:35

@celeritas: true the gut has a lot of serotonin but that does not contribute to the brain serotonin (which influences your mood) - it has different functions in the gut and brain although anxiety and IBS tend to go hand in hand, if you control the anxiety, IBS tends to improve as well! there is so much we don't know.

[the stigologist] 08/10/2020 17:24

DDDD

High Volume Doji

Note the doji a couple of days ago... obviously a signal we couldn't react to as the news overtook events

However apparently after a big sell off a high volume doji is positive

"A high-volume doji that occurs after a stock sells way down and then recovers is good. We call that a doji with a long tail; how poetic. Anyway, what that means is that the stock sold way down, but then buyers jumped in to push it back up to where it opened. Perhaps we are being told a reversal just occurred and buyers now outnumber sellers. If this occurs at support, we get really excited."



30% of the stock turned over last 2 days. Hopefully now in stronger hands for the next move higher

[avsome1968] 08/10/2020 16:24

odsjp

AMC should steadily rise till till the end of the year that's when TEO is due

[terropol] 08/10/2020 16:14

Just to be clear guys, If you buy the shares today is to late to get dividends. You would have to have bought before market close yesterday.

[pogue] 08/10/2020 15:47

ORPH bounding away again, cant keep a good company down these days :0)

[odsjp] 08/10/2020 14:56

--> Bwana4 - A couple of questions if I may on AMC

I see that they invested 5M USD in a CLN at 14% and see they have had their first quarterly interest payment, so assume they received 175T USD. They also have the option to convert this loan note to 19% of equity of NRR, so seems like a good investment and provides some cash flow for the time being.

Do you know why they chose to do this? Was it just because it seemed like good value or is their some other underlying reason especially as their main asset is in Russia and this one is in Australia.

It see they are doing a TEO on their main Russian asset. Do you have any ideas on time lines for this to be taken forward?

It seems like the share price has been hovering between 1.75 - 2p for a few months and is waiting to break out. Any idea on what the driver would be for that to happen and when? So any impending news due?

Thanks

[celeritas] 08/10/2020 14:50

Added gfm, bang on my target.

[pogue] 08/10/2020 14:43

BP security doesn't have Patriot missile systems so not going to do much about another rocket attack on the pipeline. Taking it out will hurt the Azeri treasury not to mention BPs profits plus the pipeline is going to Turkey so lots of wins there if they can get their missiles to hit a pumping station.

[fozzie] 08/10/2020 14:32

Anyone else in Auryn Resources, AUG.TO?