Anglo Asian Mining Share Discussion Threads

[mattjos] 22/2/2021 22:52

Thank KS … here it is in much smaller resolution & I hope clear to all why the reasons to be bullish on Gold:

[fozzie] 22/2/2021 22:37

I echo those thoughts KS, I think a lot of us are on that particular horse. Pretty red day, IG certainly didn’t help and the flash down to 48k in fresh air coin was interesting. Never more true Wan, what a game it is....

[king suarez] 22/2/2021 22:31

Wan, great snipe today on TXP - that is what you have been holding your cash position for. I think/hope that will pay off big very soon..

[king suarez] 22/2/2021 22:24

Fab chart, Matt.

[riggerbeautz] 22/2/2021 21:45

MJ I’ve been trading LSIL for years now, but I think my trading mentor or someone close to him told me ages ago, it’s best played in a full on bull phase or between chart points; the latter is not my strength, so I quit when I’ve spotted a turn and made good gains if it starts to flounder. Should say I draw crude chart lines to look at entries and exits, linked to a gut feel on Silver prices. Alternatively, get out of dodge if it’s not working, I’ve once been quite a bit down holding too long.

LSIL doesn’t fully do what’s on the label unless you understand how it works; just my musings.

[brasso3] 22/2/2021 21:26

You can probably get the same kind of leverage to silver with a small cap like UFO. When we had that spike above $30 a few weeks back UFO went from 1.1p to 1.5p.

[mattjos] 22/2/2021 21:10

i agree Rigger … having followed LSIL for quite a time, I chose not to buy it as it does not seem to track the way i would like. Couldn't be bothered to determine why exactly. It does kind of work and will go up with silver but, i am left feeling the ETF is the real winner and not the investor in the ETF.

The good Silver miners themselves should provide investors more 'sleep easy' leverage to Silver, imo.

[onedayrodders] 22/2/2021 21:08

I'll drink to that stig

[mattjos] 22/2/2021 20:59

One thing is for sure .. all three of the metals we mine and sell are in strong upward trends and any weakness is being constantly bought.

This, rather obviously, is terrific news for AAZ … a low cost Gold, Copper & Silver producer with lowest quartile production costs, growing cash in the bank &, lets be honest, so many new prospects that it is almost embarrassing as compared to most other producers.
The market will take us to new highs soon enough

[mattjos] 22/2/2021 20:48

yes, i believe there is a lot of merit in that analysis Brasso .. the silver market is getting ready for a big, big run.
I find it much harder to chart than Gold .. don't know why but, overall construction is extremely bullish & it looks it is absolutely gagging to launch upwards with $40 as first target

[brasso3] 22/2/2021 20:44

Matt

I think silver is going to lead the way in the coming days. I think when that breaks $30, gold will soon break out of the falling wedge.

[mattjos] 22/2/2021 20:43

here's the bigger chart to try and provide some visual context:

[the stigologist] 22/2/2021 20:33

Musk going to prison will be icing on cake

[mattjos] 22/2/2021 20:30

This Bullish Falling Wedge on Gold that put up earlier, is actually the biggest such pattern on the Gold chart since it broke out Jun 2019. It might take a week or so to finally prove its validity but, because of its size relative to the previous patterns, I believe it's going to give a strong up thrust in Gold.

Sometimes wish i wasn't the only chartist on here :-)

[onedayrodders] 22/2/2021 20:22

Tesla now down 16% since they used their balance sheet without shareholder consent to buy BitCON

[mattjos] 22/2/2021 20:16

nail on head jbravo …. i believe quicker than many seem to appreciate just now

[mikro1] 22/2/2021 19:52

If you are looking for a copper play I would suggest you consider JLP - it has secured massive copper tailings and is planning to start copper production this month, ramping up to produce 25,000 tonnes of copper per annum by 2023. That would mean approx $125 million earnings. That is on top of the approx $75 million per annum it is making now from PGMs. Downside risks are jurisdiction (South Africa and Zambia), and a possible black swan event.

[wanobi] 22/2/2021 19:36

spent all weekend looking into silver and copper KS LOL LOL,,, oh what fun :-)

added 10K TXP today also :-)

Cheers
Wan :-)

[wanobi] 22/2/2021 19:34

3HCL,,, also 3x L = long copper,, +5% today

3HCS,,, also 3x S = Short copper,,, -5% today

Cheers
Wan :-)

[jbravo2] 22/2/2021 19:31

Yes that's the point isn't it bozzy? It only needs a small fraction of all our possibles to come to fruition to make us look ridiculously, ridiculously, stupidly cheap.

Everyone seems to be waiting on confirmation of the PSA extension which can't be far away now. It is inconceivable to those of us who have followed the company for a long time, and understand the relationships in depth, for this to go wrong.
AAZ are diligent, law abiding and happy to create a win win for the company and the state. Aliyev has made several comments recently (in the context of the negotiations over NK, the war and its aftermath) that he has always negotiated in good faith and he is always a man of his word.

It is an inevitability that Gedabek will get extended. It is inevitable that the liberated CA's will be mined by us and that we will help Azerbaijan revitalise the liberated territories as a whole.

It therefore follows that ATH's on the share price are charging down the track at a high speed.

[wanobi] 22/2/2021 19:30

3LSI as per my comp pick gives you 3x leverage KS,,, :-) Cheers Wan :-)

PSLV is the sprott physical :-)

[bozzy_s] 22/2/2021 18:25

The annoying strong £ / weak $ has cost a bit on this latest dividend. Reckon it's about 6% lower than the last divi, and 10% lower than the one before that.

Not complaining though. Still looks good for at least 5% yield this year. And tons of capital growth as people begin to realize AAZ has potentially tens of billions of dollars worth of gold and copper in its contract areas.

Edit. From IPO docs (and Matt's header):

"a potential world class source of Copper & Gold……..an additional 10 million tonnes of copper and 45 million ounces of gold could possibly be discovered on the properties"

I make that about $168 billion at today's prices.

Yes it's fanciful. But even if the resource is 90% lower, AAZ is worth multiples of today's price.

[king suarez] 22/2/2021 18:14

Thx, will take a look..

[king suarez] 22/2/2021 18:07

Is there a leveraged silver ETF or silver miner fund/ETF that is LSE listed that we can play the silver bull run with?