Anglo Asian Mining Share Discussion Threads

[riggerbeautz] 16/2/2021 10:45

Great that retail punters have a nice wad of cash from ARB to spend elsewhere too.

Wan Jan is becoming increasingly predictable prior to a RNS and often on the spike that follows, have to be nimble mind. Mode too, another rinse and repeat beckons. I’m also happy with a reasonable profit on PXC, I’m leaving others to ride that one though now.

[pogue] 16/2/2021 10:37

Re ARB will the Yanks come on and sell to take profits or buy into the frenzy? Could be a fun afternoon.

[brasso3] 16/2/2021 10:24

Qaz

I took 20k off the table today. I think its got 300p written all over it in the short term.

[qazwsxedc69] 16/2/2021 10:24

ARB just keeps on going. More potential rocket fuel if 50k gets breached, and from ARBKF later this afternoon?

In the meantime the sums are getting so ridiculous that it is getting harder and harder to resist top slicing.

[saint in exile] 16/2/2021 10:11

OMI in breakout mode

[upthepool] 16/2/2021 10:02

I have too. Deffo not a fund raise to "keep the lights on".Nice news at my second largest holding, AVCT, today. Promising promising initial results (even if they have been longer coming than hoped). Covid + therapeutics = possibility of a monster company in the making

[brasso3] 16/2/2021 09:58

Topped up on RMM. That placing whilst being annoying takes a lot of risk away.

A 10/1 consolidation will be needed to tidy things up.

[king suarez] 16/2/2021 09:57

Sorry about that RNS at RMM - I wrongly assumed they had raised all required capital in the initial fundraising. Still, now we know where Richard Round from AAZ went! Hopefully that is a good sign.. one that should come good over 6-12 months, but a lot of placing shares to find new homes in the meantime..

[wanobi] 16/2/2021 08:35

indeed Rb, it's a very big part of making the best gains at this game,,, that I have seen and learnt :-) LOL,,,, very well done, cheers Wan :-)

[riggerbeautz] 16/2/2021 08:34

Jeanesy my thoughts too and why I opted for Mode, at least I half understand it and know all about Rowland.

[riggerbeautz] 16/2/2021 08:33

Yes Wan I’ll soon have a paper 10 bagger, with trading batches I’ll soon be there anyway; equally a nice quiet tuckaway. Like those unnoticed ones, as once they take off usually get real traction :)

[jeanesy] 16/2/2021 08:32

You are more than welcome RB. The the rise of crypto it seemed like it was only a matter of time that it rose too. The rise in ARB is quite remarkable. I haven't dabbled in that myself , I thought i had missed out when it was around 100p. Little do i know . MODE seemed a safer bet as it makes money when buying and selling. I still dont understand all this crypto myself but atmo it sure is making many of you lots of money. Well done all :)

[wanobi] 16/2/2021 08:26

JAN flying Rb :-) nice one, cheers Wan :-)


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[brasso3] 16/2/2021 08:25

148p to buy. I will wait for the spread to close!

[riggerbeautz] 16/2/2021 08:25

Wan Well done to you and others with AVCT too :)

[riggerbeautz] 16/2/2021 08:24

Hey Jeanesy, good of you to pop in, wanted to say thanks for mentioning Mode, so far 3 spikes I’ve made a little money on and kept a few on the table each time; mainly because it’s difficult to trade size. Anyway, despite the hold your nose warnings, it’s been a good trading shout.

[wanobi] 16/2/2021 08:23

bit like throwing a dart at a 20 foot dart board 2 feet away jeanesy,,, couldn't miss really :-),,,,, oh what a 'new' game this is :-) LOL,,, cheers Wan :-)


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[jeanesy] 16/2/2021 08:20

Looks like your ARB buy is already in the money WAN :)

[goldrush] 16/2/2021 08:08

Here are the main bits of the PXC Model released today-- Very good indeed IMHO

- Copper led US mining operation with production targeted for 2022
- The updated Economic Model ("EM") for the Empire Mine open pit project indicates strong cashflow and rapid payback in less than two years

- 10-year Life of Mine ("LOM") processing a total of 14.3 million tonnes Measured & Indicated ("M&I") ore at a 0.5% copper cut-off grade

- Considerable opportunity to extend the LOM through exploration and development funded from project cashflows

- Two phased processing to recover copper, zinc, gold and silver

o Phase 1 heap leach project, a seven-year operation processing 2.1 million tonnes per year, producing copper and zinc from years one to seven of the LOM

o Phase 2 agitation leach project, a seven-year operation processing ore from Phase 1, producing gold and silver from years four to 10 of the LOM, using environmentally friendly ammonium thiosulphate ("ATS") processing reagent

- LOM revenue of $784 million, producing average annual production of 8,550 tonnes of copper, 1,970 tonnes of zinc, 17,235 ounces of gold and 680,050 ounces of silver

- Initial head grade of 0.70% copper
- Pre-production capital cost of $52.6 million
- LOM copper equivalent cash operating cost of $1.83 / lb
- LOM gold equivalent cash operating cost of $1,190 / oz
- LOM EBITDA of $310 million and post-tax cash flow of $155 million
- 7.5% base case NPV of $105 million pre-tax (57% IRR) and $88 million post-tax (47% IRR)
- 7.5% NPV of $157 million pre-tax (77% IRR) and $140 million post-tax (68% IRR) with 10% increase in metal prices

- Encouraging project economics to support debt finance to minimise dilution
- Ongoing optimisation of the project to improve the economics and extend the mine life

[riggerbeautz] 16/2/2021 07:56

Some poo sticks coming out today Wan, with the odd good one. Typical AIM.

[inaminute] 16/2/2021 07:53

Yes Wan, the TAO delivery date has been extended from Dec 2020 to Dec 2021. Thank goodness they got the extension given they missed the original deadline but who knows when it will be submitted between now and December.

[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 :-)