Anglo Asian Mining Share Discussion Threads

[riggerbeautz] 22/2/2021 14:32

Wondered if you were buying physical Brasso, know sometimes you do; think the mint website had a mare this morning, I bought for a flip but couldn’t get the gold versions :(

[brasso3] 22/2/2021 14:17

Rigger

You have lost me?

[riggerbeautz] 22/2/2021 14:14

Will check that out with my broker if I do, he gets me well in more often than not.

[jbravo2] 22/2/2021 14:11

@rb
Yes its always better to miss out x number of winners than to get a couple of duds.
The spread is better on the Canadian or US markets if that helps.

[riggerbeautz] 22/2/2021 14:07

Brasso forgot to ask did you go for a Three Graces?

[riggerbeautz] 22/2/2021 14:05

Thanks JB2 I’m very picky around long term holds, only got 3 in London. AAZ, JAN and EVG so I’m not one to rush but often miss out. Will look some more.

[jbravo2] 22/2/2021 13:33

Sure it has. Show me a copper miner (and for sure all producers) that hasn't reacted to the climb in copper price.
The key bit is the permit hasn't landed yet so there should be lots more upside if you have the viewpoint the new mine will get approved.
It'll nearly double production and at far lower costs.

But hey, I know nothing about what you're weighing it up against having not read on them.

[riggerbeautz] 22/2/2021 13:07

I’ve dithered on that one JB2, been interested in another copper play since exiting PXC and the one thing that puts me off right now is that’s the price has already reacted. Trying to weigh up TKO and CCZ which just doesn’t feel right, but I came across it on the Oz boards.

Same goes with PRE which looks set to run. I’m in indecisive mode sat on too much cash and wondering where to blink ho hum.

[williamcooper104] 22/2/2021 12:32

I prefer copper to gold - it's both an inflation and a structural demand story

[lefrene] 22/2/2021 12:17

Gold is of course manipulated by the usual suspects, although perhaps there might be a tipping point where dollar creation causes the price to get away from the games?

Copper I feel could be a different game since it's an industrial component being consumed above 20 million tonnes a year, thus I suspect is not so easy to game when you have real industrial demand and real looming shortages of production from under investment in exploration and mine building. Perhaps $10lb copper could arrive sooner than expected.

[mattjos] 22/2/2021 12:02

I'm sure you're quite right lefrene :-)

[mattjos] 22/2/2021 12:01

well, most of the 'experts' on so many Gold commentary websites are convinced Gold is going to keep falling down in to the $1,600's … they are consistently wrong at the turning points and have been since they were all convinced Gold was going down into the $800's during December 2015.

Their negativity is usually best possible signal for the next uptrend to emerge.

There is one particularly cretinous clown who calls himself 'Rambus Chartology' who posts some of the most demented, congested and overly analytical charts I've ever seen. He throws on them just about every technical indicator he can find and uses all the wrong settings on each one.
Seems to think he can call gold on the basis of his analysis over minutes, hours, days, weeks, months & years …. he calls Gold wrong each and every time & only switches tack once 80% of the move has occurred & then preens himself on how he called it right …. & folk actually pay for his analysis!!
There are some true numpties about.

[lefrene] 22/2/2021 12:00

I can't help but notice that each time Mattjos comments on the gold price, it goes down! :¬) Perhaps 5th time lucky?

Perhaps a commodity bull cycle combined with a debauched dollar might see an historic re-rate of commodities.

[bleepy] 22/2/2021 11:58

New Road to Kalbajar to Be Built

"The new road will pass through Ganja and Goygol. In the meantime, with the participation of Russian peacekeepers, the Terter-Agdere-Kelbajar road is being used," Mammadov said.
He also said that a new 100-kilometer road to Shusha via Fizuli will be commissioned by the end of August.

hxxps://www.turan.az/ext/news/2021/2/free/politics_news/en/1579.htm

[little minx] 22/2/2021 11:56

Donald I have KDNC on my watch list and was surprised it didn't go up more on the recent news. Do you have any ideas of it's anticipated sp?Sorry off topic but hold AAZ too.

[polaris] 22/2/2021 11:51

$1764 is also the 50 % Fib retracement level from the high to low for pog in 2020 (March to August). It has bounced off that twice. It is still in the downtrend. Something around high $1830s is the first target (next Fib retracement level). If it can break that upwards then close to $1900 is the top of the current downtrend (projected forward a few weeks). Then $1930, $1955, $2000 (psychological round number effect) and $2077 before a full-breakout is on. Still quite a few hurdles to overcome, IMO. ;-)

[brasso3] 22/2/2021 11:48

Three/ four touches on the bottom of the wedge should be the end to the pain in gold.

[jbravo2] 22/2/2021 11:45

If you've got it a bit wrong and its only 2,140 I'll forgive you :D

[mattjos] 22/2/2021 11:43

ditto yasX.

Given all that we know about AAZ right now and with Commodities in a clear bull phase, I struggle to see why AAZ is not well past recent highs and expect to see the price being with a £2 in short order.

I believe Gold has recently completed a recognisable consolidation pattern culminating in the double-bottom off $1,764.

Assuming I've interpreted the chart correctly & that this was a Flag off the June to August $1,680 to $2,070 move then, I believe there are sound reasons to expect Gold nearer $2,150 by middle April:

[jbravo2] 22/2/2021 11:40

Copper?

Taseko mines
Last permit for Florence due "early 2021"
In the meantime they're operating the second largest open pit copper mine in Canada.

Glad to be of assistance.


OK OK I know its not crypto levels of fun :D

[terropol] 22/2/2021 11:29

One has to think, the IG chages could be a result of possible forcoming governement changes on CGT??

[yasx] 22/2/2021 11:15

I was slightly surprised the recent retrace went as far as the 140's, but, still looks nailed on to blast through recent highs shortly.

[energeticbacker] 22/2/2021 10:28

New Investor’s Champion blog:

Are we on the verge of a new commodity super cycle, including gold and silver copper and nickel and lithium and platinum prices? These companies could see spectacular gains. Blog includes AAZ.

[donald pond] 22/2/2021 09:54

IG were playing even if MMs weren't, interesting