Anglo Asian Mining Share Discussion Threads

[wanobi] 25/2/2021 07:46

CPX --- Adjusted EBITDA profit was A$0.32 million compared to the corresponding half-year loss of A$(0.44 million)*.

-- EBITDA loss of A$0.9 million* (2019: loss of A$0.8 million*) is in line with the corresponding half-year period to 31 December 2019, but does include the Murata Project expenditure of A$2.0 million (2019: Nil).

-- Total Sales Revenue of A$2.1 million (2019: A$1.9 million) up 10%
-- Product Revenue of A$1.7 million (2019: A$1.4 million) is up 26%
-- Royalty and license fees were A$0.4 million (2019: A$0.6 million)
-- Project to transfer the former Murata manufacturing assets has made excellent progress with key project deliverables and milestones on track

-- Order book double the level as at the same time last year driven by IoT markets. Customer demand building. Potential demand already exceeds annual capacity

-- Increasing interest from global multinational companies. Design win achieved with Tier 1 Auto supplier. Approved as supplier to global smart phone manufacturer

-- Vigorously pursuing several companies for patent infringement

-- Operating expenses of A$2.5 million (2019: A$ 2.8 million), excluding share-based payments expense and Murata project expenses, reduced due to lower patent infringement expenses and overseas travel

-- Cash reserves at the end of December 2020 were A$0.5 million (2019: A$1.8 million) which does not include the proceeds of the R&D Tax Rebate of A$3.1 million received in January 2021

* EBITDA excludes amortisation of employee share options. Adjusted EBITDA excludes amortisation of employee share options, Murata project costs and any related R&D tax rebate, patent infringement expenses and AASB16 lease costs

We are delighted with both the progress of the Murata project and the strength of the underlying business, against the unprecedented background resulting from Covid-19. We enter the second half of the year with a strong order book and rising enquiry levels as we raise production levels at our newly installed manufacturing facility.

Cheers
Wan :-)

[wanobi] 25/2/2021 07:40

TKO - At Florence Copper we have achieved key milestones in recent months which have de-risked the project considerably. We received the state permit in December and we continue to expect the federal permit from the EPA in the coming months. And in February wecompleted a successful US$400 million bond refinancing which was upsized to
provide financing for development of the commercial facility at Florence. We
now have a cash balance of approximately US$200 million and with the majority
of required funding in hand we are moving forward with final design engineering
and procurement initiatives. This work will facilitate a seamless construction
start up and we will move forward expeditiously with on-the-ground construction
activities as soon as we have the final permits in place."

"2021 will be a transformational year for Taseko as we take the final steps to
unlock the full value of Florence and pave the way to becoming a multi-asset
copper producer. The addition of Florence will increase Taseko's attributable
annual copper production by 85% to approximately 185 million pounds.

Cheers
Wan :-)

[wanobi] 25/2/2021 07:39

GFM - Griffin Mining Limited ("Griffin" or the "Company") is pleased to announce that it has established a share buyback program of up to a value of $10 million to acquire up to five million ordinary shares over the next 3 years to return excess monies not required to meet financial commitments and working capital requirements to shareholders, subject to cash balances being available to undertake those purchases. Griffin believes the buybacks will be value accretive and value-enhancing for the shareholders.

Cheers
Wan :-)

[wanobi] 25/2/2021 07:38

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

Cheers
Wan :-)

[brasso3] 24/2/2021 18:51

ARB going crazy on the OTC. NASDAQ listing?

Argo Blockchain PLC
ARBKF:OTCQB
+1.36 (+49.91%)

[riggerbeautz] 24/2/2021 18:42

All I’ve been trying to figure out, was how brilliant white turns mucky yellow, reckon MJ is in the fields laughing at me.

[wanobi] 24/2/2021 18:04

many thanx for the reminder/heads-up/update KS, cheers Wan :-)


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[jbravo2] 24/2/2021 17:56

It’s my second biggest holding so you’re in the best of company :D

[king suarez] 24/2/2021 17:55

Another small oiler going well is UOG (United Oil & Gas) with a really good result on their last development well - far exceeded expectations.

They have around 35 development wells lined up on their Egyptian licence, with something like 80% success rate so far; producing good cash flow and some blue sky potential exploration targets in Jamaica. I bought a small position around 3p a while back as it was around last placing price - looks like the seller has been holding it down for months has now cleared this week.

[wanobi] 24/2/2021 17:51

agreed jb2,,, finding it hard to resist going too large in it right now :-) LOL,,, oh what a game this is :-) Cheers Wan :-)

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[jbravo2] 24/2/2021 17:46

Wise move at PTAL wan. That is going to bust some serious moves later this year.

[wanobi] 24/2/2021 17:43

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posted as a reminder to Wan :-)

Cheers
Wan :-)

[wanobi] 24/2/2021 17:39

hope you've all had great days,,, I've been adding STCM, PTAL & RMM today,,, fingers crossed and good luck to all holders :-) Cheers Wan :-)

[mattjos] 24/2/2021 17:35

how many more messages does it take before folk realise the FED is going to remain in full-on printing mode for at least the next 2-3 years?
The majority of Biden's term could be propped up by this action.

Gold has only actually had a daily candlestick close below $1,800 for just 9 days since 10th July 2020.

Hardman's note ends:

"our valuation is currently based on conservative long-term gold, silver and copper
prices of $1,600/oz, $20.00/oz and $6,000/tonne, respectively."

This looks rather more than just 'conservative' .. more like completely out of date.

For this year, I am much more comfortable with the following as conservative assumptions for metal prices:

Gold: $1,800/oz
Silver: $26/oz
Copper: $8,500/t

Hardman & SPA are probably willing to increase their price targets just now but, waiting on some sort of news as the necessary catalyst … they should both be targeting nearer £2.20 - £2.40 right now, imo.
Even without news, the company production guidance and Q1 review should be more than sufficient to raise target prices.

I also think one of them should make a decent go of valuing the company according to a nominal price for in-ground resources from the newly released CA's.
Even an ultra-conservative calculation should see a price target start with a £3

[mattjos] 24/2/2021 16:57

took Gold on that drop at $1,785 … not even two hours later and its back over $1,800.

[fozzie] 24/2/2021 16:42

Wow how wrong did we call it at XTR after yesterday’s after hours rns, almost finished flat on the day.

[wanobi] 24/2/2021 16:08

cheers
Wan :-)

[mattjos] 24/2/2021 15:14

watching paint dry is hugely exciting as compared the markets this week.


One gets the impression that everyone now understands lockdown is ending soon and so too furlough so, I detect a growing sense of 'make the most of it' for the last few weeks.
It's going to be much harder to get the economy going and get certain demographics of the workforce back into the workplace than many seem to appreciate.

I suspect we'll look back from the future and appreciate that the Covid epidemic was when Universal Basic Income started (in the form of furlough) and grew from there. Increasingly I do not believe things are actually ever going to be the same & many of the jobs lost will be permanently now replaced by an accelerated push into automation.
Companies such as Starbucks & Costa are surely going to hugely accelerate automated and cashless coffee shops

[henwii] 24/2/2021 14:22

Link to IG shares list.

[lefrene] 24/2/2021 13:59

Uncanny, you've sent it back below $1800, just how do you do it Mattjos? :¬)

[henwii] 24/2/2021 13:59

AAZ not on that list of companies though.

[mattjos] 24/2/2021 11:37

cant help but like the Gold chart right now :-)

[someuwin] 24/2/2021 11:29

Jack Dorsey's Square buys $170m in Bitcoin
The fintech company is now one of the biggest corporate cryptocurrency holders alongside Tesla

[mattjos] 24/2/2021 11:18

same with STCM