Anglo Asian Mining Share Discussion Threads

[cordwainer] 05/3/2021 10:42

Agreed @dp, that's why I added yesterday. But was earlier today just noting why broader gold mining sentiment is on the back foot at the moment, as usual hinging on Fed action or inaction.

[donald pond] 05/3/2021 10:11

The share price here is where it was at the 2019 AGM. Since then gold has risen from $1300, and the company has identified multiple prospects, some unexpected and some capable of being brought into production quickly. The share price really makes no sense. It is beyond frustrating though the dividend makes it tolerable

[2sporrans] 05/3/2021 10:04

Thanks for posting that Cordwainer.



"Inflation-adjusted yields are likely to remain negative. If so, the gold price will increase…"

If Mr Evans had put it something like:
"Inflation-adjusted yields are likely to reverse back to previously deeply negative levels or even lower. If so, the gold price will probably increase…"
...that would have been helpful.


Like you say, in expanded form:
".....but recent movement in the inflation-adjusted yields for longer dated bonds has been positive albeit their levels are still decidedly -ve."

[laurence llewelyn binliner] 05/3/2021 08:19

We will watch from the side lines in the UK...

I see the latest round of helicopter money stimulus is back in the senate with the minimum wage increase removed now, which should result in 1.9TR more of your greenbacks on their way to the population for them to spend on big Chinese TVs, exporting more jobs to the East... :o)

But where will POG find support ...!

[fozzie] 05/3/2021 07:57

Good news from TSG this morning as vein 25 is now reopen and mining again, that should stabilise the share price which has fallen from c125 since the fatal accident.

[wanobi] 05/3/2021 07:40

PXC - Placing and Subscription to raise GBP16.45 million, and Open Offer to raise up to GBP1.95 million (together the "Fundraising")

Phoenix Copper Limited (AIM: PXC; OTCQX: PXCLF), the AIM quoted North American focused base and precious metals exploration and development company, is pleased to announce that it has raised a total of GBP12.30 million in aggregate before costs (the "Placing"), through the Placing of 35,129,991 new Shares (the "Placing Shares") at an issue price of 35 pence per share ("Issue Price"). The Company is also pleased to announce a direct subscription with the Company for 11,870,009 new Shares (the "Subscription Shares") (the "Subscription"), raising GBP4.15 million. In aggregate, the gross quantum of funds raised through the Placing Shares and the Subscription Shares will be GBP16.45 million.

Cheers
Wan :-)

[wanobi] 05/3/2021 07:37

Gold at 1698, Brent at 67.83 !!!!!!!! Cheers Wan :-)

[wanobi] 05/3/2021 07:32

TXP - I wonder if Mr Market is aware of this :-) LOL, GLA Cheers Wan :-)

2020 Year-end Reserves Report Highlights

-- Increased 3P net reserves by 236% to 100,150 Mboe, increased 2P net reserves by 194% to 64,947 Mboe and increased 1P net reserves by 189% to 34,238 Mboe from the prior year.

-- In comparison to 2019, 10% discounted net present value of future net revenues ("NPV10") on a before tax 3P basis increased by 90% to $1,002.8 million and after tax 3P NPV10 increased by 108% to $419.4 million.

-- Achieved a before tax 2P NPV10 of $683.1 million, representing an increase of 72% from $397.9 million reported in 2019 and realized an annual after tax 2P NPV10 increase of 88% to $289.2 million.

-- Realized before tax 1P NPV10 of $362.9 million, representing an increase of $160.7 million or 79% from the prior year and increased after tax 1P NPV10 by 95% from year-end 2019 to $163.0 million.

[wanobi] 05/3/2021 07:30

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

Cheers
Wan :-)

[brasso3] 05/3/2021 07:06

11_percent

We are not in a liquidity event like March 2020. This is just a much needed cooling off on the markets. If the US 10 year gets much higher the FED will cap it.

[11_percent] 05/3/2021 01:03

Tin foil hats on.....this is going to get bad......could even be a re-run March last year.

[2sporrans] 05/3/2021 00:13

LLB

"....your critique on how and how the hell is the DXY now at 91.5 .. :o)"

Gallic shrug :0)


I don't follow currencies much LLB so my opinion is worth about the sq. root of FA.
Still, seeing you asked:

If it's today's blip upwards, I'd say its akin to the least dirty shirt quip.
Look at the others.
Flight to 'safety' on a risk off day by US investors?

Looking at the past year, to find context, the $ surged last March when there surely was a stampede to the ranch.
This was followed by a steady sell off of the $ against just about every mainstream currency over the ensuing 11 months.
Guess the $ was ripe for a bit of a counter trend rally, a tad oversold?

So, 19Mar20 - the nadir of the risk asset sell off - DXY was 103; now its 91.6.
DXY low of 89.7 25Feb21; when the surge up in long Treas. yields. topped out.
91.0 shortly before Powell tried to jawbone the Fed intransigence line.
But what did folk expect Powell to say; here's our contingency measure of year by year maturities additional QE bond purchases?
Seriously?

US shorter dated Treasury buying by repatriated $ capital + foreign buyers making a contribution to the stronger $ I suppose.
The very short dated bonds are actually at record low yields; too low for comfort.

Fwliw methinks there is very much an element of players in the markets looking for a correction, especially in risk assets, as the bull market ground on and on and the favoured assets on very/extremely stretched valuations.
The latter rarely [never say never] kill the bull but reliably prompt hiccups from time to time.
So, we have a 'Good news is bad news' score in play; accelerated expectations for economic revival + attendant inflation cause a jump in long bond yields and discount rates for risk assets future revenue streams rise.....

Odds are strongly this will peter out soon methinks and the winded Bull stagger onward once again.
Then, the question will be: How long until the jitters return and the next punch lands?

[katsy] 04/3/2021 23:37

I remember gold being hammered in 2009 before more than doubling in price two years later. Less than £1300 to buy 1oz gold Britannia, I remember nearly buying a few at £1500 in the summer. Now tell me could £1500 buy or or less stuff now than last summer.

[mkrpan] 04/3/2021 23:01

Yes, indeed, SPACs...put 100 million USD in a SPAC and surely its price will skyrocket by at least 100% before what will happen with those 100 million USD is known. I apologize, angry evening.

[hasago] 04/3/2021 22:51

Snt and mogp both now spac companies both set to rocket both at ridiculously cheap prices check them out Mogp even renaming as spac uk plc to capitalise on the boom

[mkrpan] 04/3/2021 22:51

Equity valuations, practically everything (FTSE excluded) far above pre-covid levels and at crazy relative valuations. For crying out loud, I was doing some analysis of casinos (not online) two weeks ago, and those things have higher market cap than pre-covid. 15 trillion worth of bonds with negative yields. Real estate yields are already so low that if the banks tighten up their purses, real estate investment will probably plummet, so my colleagues from the sector tell me. How can this not implode, except if someone figures out a system where, after an initial economic recovery, sustainable real GDP growth rate of 5 % will be achievable, interest rates will remain close to zero and inflation under control. And all that, with global conflicts all over the place. Surely, gold must begin to shine, where else can the money go? I have been working in company valuation for 15 years, but must admit that I feel like an idiot... Regards, Luka

[doc_oj] 04/3/2021 20:48

Looks very oversold, let's see what happens next

[scepticalinvestor] 04/3/2021 20:07

Gold taking a dive - support at what 1685?

[digger18] 04/3/2021 19:56

US 10yr bonds rising again after Powell comments and gold down again. This is going to be interesting time ahead as the system seems to be on a knife edge of inflation battling.

[wanobi] 04/3/2021 19:41

all I know jeanesy is that prices overshoot and/or undershoot, so who knows LOL :-) GLA Cheers Wan :-)

free stock charts from uk.advfn.com

[jeanesy] 04/3/2021 19:32

POG below 1700 ! Unprecedented times. Everyone was calling gold up. Just goes to show no-one really knows do they ?!

[timjames5784] 04/3/2021 19:21

Hi all

Further to my post the other day about THS, a quick follow-up observation on rhodium.

Platinum has been absolutely hammered today and is down about $60/oz this week. I think it is generally perceived, therefore, that PGM producers have had a bad week. That may be so for Russian producers, but for SA producers who produce rhodium it is not. Rhodium is up another $2000/oz for the week. So for a producer with a prill split of 70% platinum and 10% rhodium, they are down $60/oz on 70% of their production but up $2000 an ounce on 10%, i.e. massively ahead overall. I really don’t think the market is grasping this and expect SLP and THS to open down tomorrow, representing a buying opportunity.

Obviously the rhodium price could drop and change all this. But unless and until that happens producers of it are absolutely coining it in.

Tim