Anglo Asian Mining Share Discussion Threads

[celeritas] 24/2/2021 11:14

Already been taking advantage of that with GFM.

[mattjos] 24/2/2021 11:05

& just seen this come in from SPA on their morning update:

IG lifting margin requirements on 900 companies creates buying opportunities
• IG and we suspect other brokers have lifted their margin requirements for trading 900 companies, bitcoin and other investments.
• The move to raise margin to 100% from 25% reflects increased volatility in markets but has the unfortunate consequence of stopping some investors out of their investments.
• The move has likely caused market makers to pull back on their exposure to markets and to drop prices in stocks favored by leveraged investors
• The situation should create some interesting buying opportunities.

[mattjos] 24/2/2021 11:04

If I were SPAngel, I would be advising the company that probably best not to release news this week due to the whole IG Index & 212 Trading issues this week which are causing market weakness.

I'd advise early next week as much better time for news as forced selling will be done by then.

[donald pond] 24/2/2021 10:19

Have we reached stalemate pending news?

[upthepool] 24/2/2021 07:57

Grade RNS at CHF too

[wanobi] 24/2/2021 07:46

ARB - Argo Commences Trading on OTCQX Market in the United States

Argo, the leading cryptocurrency miner based in the UK (LSE: ARB, OTCQX: ARBKF), is pleased to announce that trading in the Company's Ordinary Shares will begin today on the OTCQX Best Market in the United States, under the ticker symbol "ARBKF". Argo has upgraded to OTCQX from the OTCQB Venture Market.

Cheers
Wan :-)

[wanobi] 24/2/2021 07:45

JAN - Jangada Mines plc, a natural resources company, is pleased to announce that it has sold 2 million of its common shares in ValOre Metals ('ValOre') at a price of CAD$0.30 per share, providing Jangada with gross proceeds of CAD$600,000.

Cheers
Wan :-)

[wanobi] 24/2/2021 07:44

AVCT - We are very excited by the commercial potential of our scalable, rapid coronavirus test. The recently announced clinical data strongly reflects the excellent analytical performance demonstrated in the lab and suggests that it may be, to date, the most sensitive S1 spike protein lateral flow test. We are now confidently proceeding into full clinical validation to support a CE Mark, with a potential commercial launch for professional use around the end of the first quarter of this year.

Cheers
Wan :-)

[wanobi] 24/2/2021 07:43

PTAL - PetroTal Announces 2020 Year-End Oil Reserves, 7% increase in 2P Reserves to 51.0 million barrels and 25% increase in 3P Reserves to 106.1 million barrels.... can't be bad can it :-) GLA Holders, cheers Wan :-)

[wanobi] 24/2/2021 07:42

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

Cheers
Wan :-)

[baddeal] 23/2/2021 22:08

Wrong board ishy

[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.