Anglo Asian Mining Share Discussion Threads

[bonio10000] 08/3/2021 16:49

Quite.

The days when $5trn or 25% of USA GDP in stimulus in 12 months means nothing.

Crazy.

[katsy] 08/3/2021 16:42

Bonio10k hopefully it will go down to $0 on COMEX.

[bonio10000] 08/3/2021 16:40

Gold down over $250 since new year.

Wow.

[michaelfenton] 08/3/2021 16:36

Comparing AAZ to POLY is like chalk and cheese. They are both decent investments. I slightly favour AAZ as it has a greater upside potential. DYOR.

[williamcooper104] 08/3/2021 16:33

AAZ ought to have more upside POLY has way more liquidity so if you want to put a lot of money to work would stick with POLY

[jbravo2] 08/3/2021 16:26

The fact you're on the AAZ thread would suggest most on here would say AAZ. I suspect it would be the opposite on the POLY thread.

[astreix] 08/3/2021 16:16

As a new investors, if you were to choose between AAZ and POLY - is one a better prospect than the other?

Based on what I have read, both seem to have benefitted last year from high gold prices, look pretty cheap in terms of PE as well as dividends and will do very well if gold prices continue to stay at current levels or improve

[katsy] 08/3/2021 16:11

Brasso3 I ordered from them, but for some reason the online order crashed right in the middle of the payment going through. I had to call them to clarify if my order wnet through or not. They advised they are very busy and can't get the orders out the door quick enough so it could take 14 days for delivery.

[mkrpan] 08/3/2021 16:00

I tend to agree. I am not into Basel III, so I do not have any meaningful comments regarding that, but it does seem implausible that the price would wait until the last moment to adjust to new reality. Unless it is true that the price of gold is, today, really determined only by paper trades. A few days ago,I was listening to an interview of Joni Teves , Precious Metals Strategist from UBS. She basically said that “the price of gold is determined independent of demand/supply for/of physical gold”. So, I guess one could conclude that today, existence / inexistence of gold does not affect its price, and that we probably have no idea what the real price of gold would be if it was determined by supply/demand factors???

[brasso3] 08/3/2021 15:53

I ordered a 1 oz gold Brit from Atkinsons last week. They have e mailed me to inform me that delivery could be up to 14 days. There is not much gold or silver about it would seem despite the price dropping.

[katsy] 08/3/2021 15:52

I would use the fall in gold prices to stock up on real physical gold/silver. A one ounce gold Britannia is now well over £200 cheaper now than it was in the summer. If Hyperinflation is coming then It maybe a chance to preserve any savings you have.

[thistimemaybe] 08/3/2021 15:40

I'd really like to be wrong, but it strikes me as inconceivable that markets are so short-termist that if because of Basel III the gold price is going to explode at the end of June the gold price would not already be reacting to it. There must be risks still at play that are being factored into the price. There just must.

If there is easy money to be made in gold then people should be making it.

[notagain3] 08/3/2021 15:36

We will shortly be coming to the end of the three year exploration period, and I hope to see the plan to make us into mid-tier producers.
I do expect the exploration period to be extended, just because of what has been found to date, plus of course the return of the contract areas in NK.
It also looks like Ordubad will be more easily exploitable as well mainly due to the proposed new rail link.
The PSA extension is required before more equipment contracts are signed, but either a jump in g/t is needed or the ability to process more ore is required before any change in output of circa 90k oz GEO. If I’ve missed something please point it out, I’m always willing to learn.

[brasso3] 08/3/2021 15:32

The US 10 year is going to have to hit 2% before we get YCC and a turn in PMs.

[mkrpan] 08/3/2021 15:25

Seems like today’s prevailing commentaries are that rising yields are only a consequence of economic recovery, inflation under control, prices in the equity markets will rise…Hmm

[lefrene] 08/3/2021 12:18

You have to wonder at the ability of the price of gold to be pushed down when US treasuries are becoming unwanted as collateral in the repo market, which indicates they are no longer perceived as safe. $28b trillion debt and another $1.9 trillion to be thrown on the fire by Biden's crew, what could possibly go wrong?

[fozzie] 08/3/2021 08:28

Great acquisition from KAPE, one of my tiddlers this morning, it should trigger a substantial rerate.

[pogue] 08/3/2021 08:17

Brent price is a big surprise but the reason is OPEC, not Russia and Kazak, have decided to keep the massive oil cuts in place nobody thought they would let it rise this far and let US shale back in the game. There has been some churn in the owners of US shale assets and the debt holders now own some patches so expect them the drill to get their cash back. Going to get interesting to see what the OPEC+ tactics are going forward will they let the price rise more and have others sell what they are not? Last time there were radically differing views in OPEC+ on that. The elephant in the room though is that oil consumption is not back to pre CV19 levels and listening to Sunak he does not expect the UK to get back to normal until next year so will oil consumption rise faster than economic activity? Has to be said its normally the opposite way. Still looks like a over optimism to me but doesn't stop me trying to cash in lol.

[wanobi] 08/3/2021 07:50

Gold at 1700
Silver at 25.4
Brent above 70 !!!!! ,,, keeps on rising, for now :-)
BTC at 49969

GLA
Cheers
Wan :-)

[wanobi] 08/3/2021 07:43

AVCT - Avacta's Rapid Antigen Test is Confirmed to Detect SARS-CoV-2 New Variants

Avacta's AffiDX(R) SARS-CoV-2 lateral flow test detects both B117 'Kent' and D614G variants of the virus. Avacta Group plc (AIM: AVCT), the developer of innovative cancer therapies and diagnostics based on its proprietary Affimer(R) and pre|CISION(TM) platforms, announces that the AffiDX(R) SARS-CoV-2 rapid antigen lateral flow test detects the dominant new variants of the coronavirus, known as the B117, or 'Kent', variant, and the D614G variant, as well as the original strain.

Cheers
Wan :-)

[wanobi] 08/3/2021 07:41

ARB - Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB), is pleased to provide a further update to its previously announced non-binding Letter of Intent with DPN LLC of New York, which set out the terms for Argo to acquire 320 acres of land in West Texas, USA. The Comp any has now completed the acquisition of DPN LLC and as a result, has acquired the land.

The acquisition of DPN LLC (by way of a merger with a wholly owned subsidiary of Argo) gives Argo access to up to 800-megawatts of electrical power, where Argo intends to build a new 200mw mining facility over the next 12 months. This facility will provide Argo with what it believes are some of the lowest electricity rates in the world, the majority of which is from renewable sources.

Cheers
Wan :-)

[wanobi] 08/3/2021 07:37

UOG - United Oil & Gas PLC (AIM: "UOG"), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to announce the spudding of the ASD-1X exploration well in the Abu Sennan Licence (the "Licence"), Egypt on 6 March. United holds a 22% working interest in the Licence, which is operated by Kuwait Energy Egypt. The well will take up to 60 days to drill and is funded entirely from operational cash flow... :-)

Cheers
Wan :-)

[wanobi] 08/3/2021 07:35

Good morning, good health and the very best of luck this fine day :-)

Cheers
Wan :-)

[goldrush] 08/3/2021 00:31

ODR

Thanks for that David Brady Youtube.....Agree I am going to keep an eye out for him in future.....