Anglo Asian Mining Share Discussion Threads

[wanobi] 16/2/2021 07:49

GENL - Genel Energy plc ('Genel') today updates on oil reserves and resources across its portfolio.

Bill Higgs, Chief Executive of Genel, said:
"The quality of our reserves is the foundation of our resilient business model, providing us with low-cost production that can generate cash for many years to come. Drilling at Sarta this year has the potential to add to our reserves,
with Qara Dagh adding the possibility of opening up another field in the Kurdistan Region of Iraq, as we look to further build our cash generative portfolio for the benefit of all stakeholders."

Net oil reserves (MMbbls) 1P 2P 3P
31 December 2019 68.8 123.8 194.9
Production (11.7) (11.7) (11.7)
Technical revisions 12.2 5.0 (6.0)
31 December 2020 69.4 117.2 177.2

Cheers
Wan :-)

[wanobi] 16/2/2021 07:47

AMC - Amur Minerals Corporation ("Amur" or the "Company"), the nickel copper exploration and development company focused on the Kun-Manie project (the "Project") located in the Far East of Russia, is pleased to report that the terms and conditions for the Company's Kun-Manie "Detailed Exploration and Mine Production Licence" ("DEMP"), have been amended and registered with Rosnedra, the State Licencing Agency. The certified modification to the DEMP was received 4 February 2021 from Amurnedra and is dated effective 30 November 2020.

Cheers
Wan :-)

[wanobi] 16/2/2021 07:46

PXC - Phoenix Copper Ltd (AIM: PXC, OTCQX: PXCLF), the AIM quoted North American focused base and precious metals emerging producer and exploration company, is pleased to announce that it has completed a new economic model for the Empire Mine open pit project in Idaho, USA to recover copper, zinc, gold and silver.

Cheers
Wan :-)

[wanobi] 16/2/2021 07:45

RMM -Rambler Metals & Mining PLC Oversubscribed Placing to raise US$10.5 million

Today @ 07:00 London, England, Newfoundland and Labrador, Canada - Rambler Metals and Mining plc (AIM: RMM) ("Rambler" or the "Company"), a copper and gold producer, explorer and developer, today announces that it has raised US$10.5 million (approximately GBP7.6 million) before expenses by way of an oversubscribed placing of 2,545,454,667 new ordinary shares of 0.01 pence each (the "Placing Shares") at a price of 0 .3 pence per Placing Share (the "Placing Price") (the "Placing").

Cheers
Wan :-)

[wanobi] 16/2/2021 07:43

interesting facts we have a feel for, but nice to see some numbers around them cheers Wan :-)

There are roughly 2 ounces of silver and more than 100 kg of copper in an electric vehicle like Tesla, said Gianni Kovacevic, CEO of CopperBank.

Kovacevic said that it is unlikely automobile manufacturers have been trying to suppress the prices of silver and copper.

“As for electric vehicle manufacturers having some sort of a cabal to suppress the price of silver, I don’t buy into that. It’s a commodity, it does have some monetary features, which is unique to itself, but there’s going to be a lot of demand for silver,” he said, adding that silver is going to be more scarce. “I would say that you’re not going to be betting against it.”

According to the Silver Institute, battery electric vehicles (BEVs) consume 0.8-1.6oz (25-50g) of silver.

Kovacevic noted that the amount of copper needed to support the Green economy will be increased exponentially.

“When you look at the amount of copper that we installed around the world from 1890 to today, we will need to duplicate that, in they say 30 years, I will tell you it’s going to happen even sooner than that because of this trillions of dollars of stimulus,” he said.

[wanobi] 16/2/2021 07:39

cough, cough, splutter, they've only gone and done it Indy :-),,, about time :-) LOL,,,, well done AVCT, GLA Holders, cheers Wan :-)

[wanobi] 16/2/2021 07:38

Good Morning all, Good Health and the very best of luck this fine day :-)

Cheers
Wan :-)

[indyanna] 16/2/2021 07:06

AVCT RNS, at last we've got a test, with excellent S&S.One to tuck away for a long time and watch it grow

[mattjos] 15/2/2021 22:31

When we visited Gedabek during October 2018, one of the things that Steve Westhead was very focussed on was that the company achieved and maintained 'steady-state' levels of production … that they did not oscillate up & down from year to year as that made forward expansionary planning very difficult if you suffer 'holes' in production and end up constantly on a reactionary footing.

Steady-State production brings with it Steady-State cash-flows and that makes Bill's job easier and also enables the Board to forward plan with a greater degree of confidence.

I believe that 2019 & 2020 have demonstrated that the company has mainly achieved this important milestone .. increased ore stockpile area with finger storage for different ores being one example of how they have been able to blend incoming ores to support that steady-state.

Over that same timeframe, the growth opportunities resulting from the 3-Year Exploration Programme and the all-important ZTEM survey have mushroomed beyond all expectations and most recently the newly liberated Contract Areas have seen those opportunities grow even further.

If there is a table-top project plan for the 'AAZ Growth Strategy', they just had to get a whole new bigger table!

If you were to now focus in on that plan and identify the Critical Path Analysis … the all important key 'trigger' events that once achieved / ticked off, enable a whole cascade of subservient actions which will see this tangibly move ahead, it's my interpretation that the single most critical box to achieve is 'Grant of First 5-Year Gedabek PSA Extension'

Off that one milestone, flows actions such as:

- Sign-Off expenditure for new Tailings facility
- Finalise location of processing plant for Avschacli & Gilar & logistics for Ore transportation to that plant
- Associated CAPEX for Avschancli & Gilar
- Consider re-processing of existing Tailings during movement to new Tailings
- Fast-track Zafer in parallel or bring on after Avschancli & Gilar
- Add modular expansion to existing Flotation plant

Now, on top of all that, we will likely have to give pretty quick attention to Vejnali & how we can bring that back online as soon as possible .. even if only 5,000oz per year to start with but, i am sure there will be general agreement that best to get a cashflow from that asset pdq.

There is a helluva lot going on now but, I'm quite confident that they have much of this planned out …. it's the grant of the PSA extension that is the log jam right now. I've maintained that March was likely to be the critical period in this regard & still believe this to be the case.

Assuming it is granted as anticipated then, it will have to be RNS'd and, for me, this is the news that will see the share price move up and hold those gains …. all we saw in the 50p rise over Jan 20th to Jan 25th was a foretaste of what is come once this PSA grant is announced.
I believe it will also trigger a subsequent increase in news over the rest of 2021 as all the follow on activities are revealed to the market, cascading off the PSA extension grant & it will also trigger both SPAngel & Hardman to update their coverage and raise their respective TP's.

March now only two weeks away & then I do believe this 18-month consolidation period will finally be over and we will clear that 175p hurdle as the company enters a genuinely exciting and transformational growth phase towards the mid-tier status.

If we're really lucky the news won't break until after shareholders are in receipt of their Special Dividend cash and have had the chance to re-invest if they wish.

[brasso3] 15/2/2021 21:40

I expect a huge spike to $100k - $200k in Q4 2021. That is where the S2F model takes us. The next BTC halving is around the middle of 2024 so the reward will drop from 6.5 to 3.25 per block. That will cause the squeeze that kicks off the next run.

I would hope that ARB convert 50% of their BTC HODL to cash to as cover for a bear market. If it does not happen they can soon recoup their BTC HODL and expand at the same time. I have a feeling ARB are going to get more heavily involved with Proof of Stake soon as an alternative income stream.

[king suarez] 15/2/2021 21:32

Does this assume that ARB plan to liquidate a lot of what they mine by end of the year then? And possibly pick up further mining machines with the proceeds on the cheap going into a bear market in 2022?

Are you expecting a huge spike later this year then a prolonged bear market?

What about BTC price from 2022 onwards - is it forecast to rise again before the end of the 4 year cycle or will 2021 be the peak?

Has any miner laid out this strategy formally?

[brasso3] 15/2/2021 21:23

KS

I think the problem is that most bitcoiners expect the 4 year cycle to play out which should peak around the end of 2021. ARBs expansion plans in Q1 - Q2 are therefore much better aligned with the rise in bitcoin price through 2021. PW has said that their strategy was to procure S17/ S19 antminers during the end of the bear market. MARAs expansion may not benefit from peak prices although if the bear market only sees lows of $30k - $40k is that a problem?

[king suarez] 15/2/2021 21:00

I was the same, Brasso3. Lost my head after a few nights of no sleep around the 100p mark. It was the speed of the rise that was too much for me! Far easier holding TXP from 13p to 170p over a couple of years.

Good luck to you both. I still have a small holding in MARA (which I bought with ARB profits) I know they are valued far higher than ARB on current production, BUT, they have 100k machines on order that will put their mining power at 10.6 E/H by end of year (and recently bought 5k bitcoin outright) - so, on that basis they are undervalued in comparison - it just depends on whether/how ARB can get to a similar hash-rate - so far they have done well with recent raisings at higher share price and I like PW and his open interviews.

What I struggle with is that all the miners are mostly holding their bitcoin, rather than converting to fiat, yet the argument is ARB should be valued as high as MARA etc based on their current mining power, yet, if they are not selling BTC, then surely the logic is the valuation should be based on how many BTC they will have in treasury in the future - and on that basis the likes of MARA will be mining at a far higher rate in 6-12 months time, due to machines on order and the time lag on any significant machine purchase orders and currently hold more BTC in treasury, so on what logic exactly should one miner be above another?

ARB are going to mine c2k BTC this year, give or take, and hold around 500 in treasury. MARA, who have done 2 large fund raisings already, hold over 5k and will be mining c20k a year from end Dec - ARB might get to that power, but they will need several hundred $m to kit out the new facility through either equity or debt. MARA's recent 70k machine order cost c$170m and the price of the machines will have no doubt risen significantly since then as Bitmain etc will doubtless be cashing in on inelastic demand in this price environment.

By end 2022 - how many BTC are each miner going to have in treasury? That should really predominantly be the valuation basis?

[wanobi] 15/2/2021 20:57

many thanx mkp, will take a look tomorrow, can't face looking at another/any-more crypto today :-) :-) Cheers Wan :-)

[wanobi] 15/2/2021 20:56

impressive fozzie, I must get some GK asap :-) LOL,,,, very well played, cheers Wan :-)

[fozzie] 15/2/2021 20:41

Greed King, pure and simple lol 😜 I am a real buy and hold investor. Brasso got me interested, I’ve read everything I can and felt/feel the stars are aligning for Argo and Bitcoin. I think more legitimacy comes every day and if PW announces a Nasdaq listing it really is off to the races as Argo stacks up well against Mara and Riot. PW seems a very astute CEO I must say. All a game and could end in tears but am stupid up at the moment and enjoying it.

[brasso3] 15/2/2021 20:35

I lost my head at 120p after about a week of no sleep. I bought half back at 64p - 99p. I feel much more comfortable now. I do not know how this story ends but I need to have some involvement.

[king suarez] 15/2/2021 20:32

I'm impressed you haven't sold any ARB, fozzie. How have you managed to keep your head with the rise from 7p to 180p and the big drop from 140p to 60 odd pence and rise back up with conviction to hold all the way through?

[fozzie] 15/2/2021 20:24

Pleased to see ARB rise today to meet Fridays closing price on the OTC, still holding all mine from 7p. Hopefully another good day tomorrow. SAVE looking very strong today as well.

[bleepy] 15/2/2021 20:19

Azerbaijanis forced from their homes during First Karabakh war hope they can soon return - Wall Street Journal

Tahir Mirkisili, chairman of an economic planning and business committee in the Azerbaijani parliament, says that over 150,000 homes were destroyed in the areas Azerbaijan recaptured last year, along with 9,000 public buildings, including 700 schools. With rail and airport infrastructure long destroyed, the only way in is by road, making it harder to restore public services and rebuild shattered towns.

[mkrpan] 15/2/2021 19:26

Hi, no clue if this guy is full of BS or not, but he has some interesting theories regarding tehter. Around 1h mark. Regards, Luka

www.youtube.com/watch?v=UGR5yN2vCF8

[wanobi] 15/2/2021 19:26

who knows KS, we might wake up tomorrow morning and see BTC at 60,000 in which case ARB will be well past 200p at the open,,,,, oh what a 'new' game this BTC stuff is,,, to me anyhow LOL LOL,,, GL to all that play it :-) Cheers Wan :-)

[brasso3] 15/2/2021 19:24

I do not think the 182p buy will bother you too much when the OTC opens tomorrow.

[king suarez] 15/2/2021 19:23

It's difficult timing trading in such a volatile share/market. ARB showed good strength today above 180p and BTC recovered/ing well from every small dip lately, so I expect ARB will be above 200p shortly..

[wanobi] 15/2/2021 19:14

laugh away KS, no problem to me (honestly :-),,, it's funny really,,, I'm usually careful these days to pick my moments to buy and sell,,, but the BTC frenzy got the better of me and I just pushed that buy button without looking at what was going on LOL LOL,,, made a right mess of it,, some 3 secs after I bought I went to buy again and found it was at least 10p cheaper if I recall correctly,,,, doh!!! :-) never mind, one has to make such mistakes to wake up and learn from them,,, don't spose it'll make any difference in the end, whether BTC goes down to 5000 or upto 500,000 :-) LOL..

Cheers
Wan :-)