Anglo Asian Mining Share Discussion Threads

[upthepool] 23/2/2021 18:13

Think I will hold onto my XTR shares for a while.A happy sounding boss man.....https://www.share-talk.com/completion-of-third-hole-of-drilling-programme-interview/

[goldrush] 23/2/2021 17:56

wan

Thanks for that....I thought I was posting on Matt's thread !! I got confused ....must be due to being on my second Hitachino Nest beer 😀😀

From being invested here for a long time, I have stated before around a year ago or so that I thought PXC had similarities with AAZ.....and a large porphyry system ....We will see over the next few years.....

[wanobi] 23/2/2021 17:46

no need to apologise gr, there is no off-topic on this thread.... post away, cheers Wan :-)

from the header...........

Welcome to 'Wanobi & AAZ',,, A thread centred around AAZ; but, with an emphasis on open discussion of investment ideas, strategies & experiences. Seeking to identify new opportunities & most importantly enabling people to learn how to successfully trade & invest.

so, your post could not have fitted the bill any better :-)

[goldrush] 23/2/2021 17:40

Mattjos

Thanks for your preliminary thoughts on PXC.

I too was on the call today with donald, Pansonfire and a few others. I have been invested in the company from IPO and have got to know the directors quite well and of course have followed closely the exploration and development.

I believe the Empire development will get financed in a superior way for shareholders. At a copper price of $4 lb the $50m Capex is paid back in less than a year. Idaho is a No1 ranked jurisdiction for mining.The management team have built successful mines in their careers and they have the full support of the local community in Mackie. The current market cap is only just over £25m and I believe it has considerable room to grow.IMHO

Hope you will have a relook at the fundamentals but understand you like producers.

Apologies to all for going off topic.

[wanobi] 23/2/2021 17:40

Yikes, a 'Tea & Toast' day as the NT would say :-) :-)

Held back from more TXP today KS,, went too soon yesterday as it turned out :-) LOL

as ever,,,, oh what a game this is!!!,,,, but, we will survive!!!

time for a cold one,

Cheers
Wan :-)


free stock charts from uk.advfn.com

[mattjos] 23/2/2021 17:27

Good luck with it DP.

Excitement of the Devt. Phase & the Copper pricing should see it trend upwards for a while yet.
I might be lying in wait during the subsequent downhill phase when the harsh realities of mining kick in but, would prefer to be holding a Copper producer right now where the heightened market price is actually driving increased profitability and free cash flow rather than driving up sentiment and (potentially) an overly optimistic funding spreadsheet.

[mattjos] 23/2/2021 17:14

PXC has the potential to follow the normal Devt --> Production share price rise (assuming financing is achieved as planned) …. but, so often the case with Miners that Production fails to meet the Devt. Hype, for whatever reason.
It's almost as if the skillsets required for each phase share little in common and/or the data produced to back the capital raise tends to be somewhat 'economical' with the truth in some areas.

Personally, I would rather get involved after the Devt. Phase & the startup teething problems phase are in the rear view mirror & the deposit(s) have been mined below the initial 'easy' regions and the true mineralogy is revealed & therefore the true financial metrics of the mine become apparent.

Creation of an alluring pre-production financial spreadsheet for the purposes of raising finance is a helluva lot easier than sustainably & profitable mining.

I don't know the exact figure but, I suggest a high number of financially viable mines (on paper) fail in the real world at the first attempt.

[qazwsxedc69] 23/2/2021 17:07

Lovely after hours RNS at XTR. That's some magic drill they have over there.

[jbravo2] 23/2/2021 17:04

Yep, I have to confess I'm looking forward to getting my AAZ s/b back into shares. IG definitely offer worse prices on their s/bets by quite a long way. Even on their day funded bets compared to what can be achieved, with them never mind anyone else, through share dealing.
Feeds into the conversation wan was having earlier... there is such a difference between the prices you can achieve, and even if a deal can be done, from one broker to another. Matt and I have been talking about it recently.
Some brokers just sit with a deal which should be done according to L2 but just gets ignored. Others force the deal through and force the MM to move their price.

[saint in exile] 23/2/2021 17:00

Slainte mhath LOL

[donald pond] 23/2/2021 16:59

I just had a conf call with a couple of the directors of PXC, it is intended to be available for the PXC Telegram group shortly. However, it strikes me that PXC are following exactly the same route as AAZ: they have a site where mining took place historically, which they are confident is a huge porphyry deposit. They intend to fund it through a cheap open pit which they likened to the fruit of the tree, with the porphyry forming the roots down below (where historic grades of 8% copper were mined). I was reminded of SW describing our site as the antlers of a deer, with the porphyry forming the skull. The cheap open pit can be easily processed and pay for further exploration and development of the rest of their site, which is only 1% explored.
The main difference of course is that AAZ managed to get into production and profit with minimal share dilution, and while that is PXC's aim, the proof of the pudding is in the eating. On the other hand, they are in Idaho, and don't have any PSA to deal with, just state taxes which come in high single digits. Their labour costs will be higher but thats a big saving on the PSA AAZ has.
I think it is worth a look. Could it be in a similar place to AAZ in 2015. Maybe, I wasn't in AAZ then so don't know! They are aiming to get into production by the end of 2022 and the payback on capex for the initial open pit is around a year at current copper prices.

[mattjos] 23/2/2021 16:57

We went through all this when Beaufort collapsed … It's heaven for the MM's because recognition of the IG situation is commonplace so, they were always going to mark stuff down Mon thru Wed this week & then it will be back on sale next week at higher prices.

The week in AIM only really starts proper on Thursday this week, imo … and then will be over again by 12pm on Friday so, short week chaps. Suck it up and move on.

Whoever is left with bets on stock in the 'IG BlackList' after this week will be 100% covered so, won't be forced out and can pick and choose when to sell in the subsequent 30 days or, convert bets to shares ie. the market will become orderly once again

[2prsimo] 23/2/2021 16:52

No saint it isn't - an absolute stinker of a day - the worst of the year so far for me. Glad to see the back of it.

[jbravo2] 23/2/2021 16:51

If you could hold on 10 minutes til 5pm. Just to make it a little more decent

[saint in exile] 23/2/2021 16:50

Is it too early for a whisky?

[thistimemaybe] 23/2/2021 16:18

It's not the newest article (a couple of weeks old) but this is still a good read and goes into a good amount of detail about the issues:



Of particular relevance it goes into a lot of detail about the mess that is solving NK's status (relevant to Kashen).

It also mentions the pit of cash that will be needed to repair the area - from that point I take that it would be helpful to regenerate and repair if a reputable miner was keen to develop the area...

[lefrene] 23/2/2021 14:38

I'm convinced that just before Mattjos mentions the price of gold, he goes short on it! :¬)

[fozzie] 23/2/2021 13:25

I should be buying more EVG as my average is 10.9p, will get a few in the placing but could do with getting that average under 10. Bought as a punt but turned into a larger position, often the way.
Another reddish day on my screen, beautiful outside so off for a nice long walk in the sunshine.

[riggerbeautz] 23/2/2021 13:20

Mode also getting tagged, not yet in buyback territory. Still feels calm enough out there when most of my U.K holdings is AAZ. JAN and EVG behaving as expected, so not much doing for me, just sitting waiting to buy more of both.

[gutterhead] 23/2/2021 12:58

cheeky top up....