Anglo Asian Mining Share Discussion Threads

[wanobi] 26/5/2021 08:26

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Further to the announcement made by the Company on 19 April 2021, SYME is pleased to confirm that the Company has signed a Share Purchase Agreement ("SPA") to acquire the entire issued share capital of TradeFlow Capital Management Pte. Ltd.([1]) , the leading Singapore-based FinTech-powered commodities trade enabler focused on SMEs.

Cheers
Wan :-)

[2sporrans] 26/5/2021 08:23

A follow on thought on Basel 3 gold regulations:

Wrt all these LMBA desks that will cease trading, won't their activities basically migrate elsewhere?
The obvious relocation being to the USA - NY - which i guess is the only serious alternative for absorbing all/most of the LMBA business, given the scale of it + required staffing, facilities, peripheral organisations etc.
Don't think the US is party to Basel 3 wrt gold, though did take on board a load of
the same liquidity measures....2011?
What about say Singapore, might that also be a new home for at least a modest portion of the business?

If so, won't a lot of the migration already be underway, including traded positions?

Just a thought, as seems both a feasible and logical response.

Whatever, POG above $1900 and holding.
Can only boost the appeal of AAZ.

[mattjos] 26/5/2021 08:22

Afaiac, the C&H has already completed with this run over 1900 now

[mattjos] 26/5/2021 08:19

Getting skinnier and skinnier on the offer

[wanobi] 26/5/2021 08:17

yep, AAZ looking to move up again :-) :-) Cheers Wan :-)

[donald pond] 26/5/2021 08:15

Would not be surprised if AAZ finished around breakout point today. Stars are aligning

[bwana4] 26/5/2021 08:15

Wan, I sold out of POG quite a while back. When the Oligarch bought a massive chunk in POG.
All the political power in the Co.BoD change and all that !! NAI ofcourse.

[wanobi] 26/5/2021 08:13

EVG - no stock about,,, I can sell 300K, but not buy more than 10K this morning, so far :-) Cheers Wan :-)

[wanobi] 26/5/2021 08:08

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Cheers
Wan :-)

[bwana4] 26/5/2021 08:03

Yes Wan, the cup and handle to watch out for in gold price chart 👍.

[bwana4] 26/5/2021 08:02

Good morning all.
TWG , there is a difference between AAZ and MTL like chalk and cheese!!
The amount of shares out there. Perhaps the new CEO has managed to turn around the Co. Still a while to go yet for MTL.
It is on my watch list ATM.Yes I know all about the Bio Circuit and all the problems they had with it !! Also the investments of the Candy brothers in MTL.
NAI ofcourse horses for courses.
ATB all in whatever you are invested in.

[wanobi] 26/5/2021 07:56

Gold at 1905 :-) :-) :-) Cheers Wan :-)

[wanobi] 26/5/2021 07:52

EVG - no RNS today,,, will be interesting to see how it trades after yesterday :-)

Cheers
Wan :-)

[wanobi] 26/5/2021 07:50

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

Cheers
Wan :-)

[the stigologist] 26/5/2021 07:48

XTR reporting 0.2%

That is 33% below your supposed 0.3% 'economic' level

You think a 33% change in grade doesn't impact economics ?

The long term rule of thumb used to be 1% as economic through a cycle
In a supercycle you might claim 0.5% becomes economic depending on depth and other factors but 0.2% is a stretch beyond reason

XTR chart looks in downward trajectory. Did say the next Bird play looked to be BZT that chart still constructive

[onedayrodders] 26/5/2021 07:32

0.3% is what the biggest Copper producers in the world mine off. It's economical and commercial. Great news for XTRProbably be lost on a few today though

[onedayrodders] 26/5/2021 07:30

XTR grades still commercial... which is all that matters

[the stigologist] 26/5/2021 07:21

XTR poor grades.
ALBA high grades but dubious presentation

[bazboa] 26/5/2021 07:18

Why do people keep encourage this trash! This company is typical AIM dilute dilute dilute over promise under deliver. share price has gone from near on 100p to 2p with a share 10-1 consolidation along the way. It is the complete opposite to AAZ and should be avoided at all cost

[all in eol] 26/5/2021 07:05

Midweek smiles for Pp

[2sporrans] 25/5/2021 23:53

Bleepy

Belated response to your post 46095:

My impression is that the ZTEM technology works very well over 'exposed' terrain but can't cope well with woodland cover.
Much of Gedabek CA is exposed; hence the great results, over the Northern half of it at least.
Gosha is mostly clad by pretty dense woodland.

However, the latest satellite scanning technologies, which can penetrate through dense woodland, offer a worthy alternative, so I've read.

Yet another subject to research.
Could be someone already up to speed kindly posts up a link or 2 here to help out.

[2sporrans] 25/5/2021 23:39

Matt

Thanks for posting up that Alasdair McLeod article, 4 days ago, explaining the impact of Basel III Reg. upon the LMBA trading facility [in the first instance].
Having finally read it, i can appreciate why you have been highlighting the importance of the subject, not least the probable consequences for the gold and other pm markets.
An eye opener for me.
Been aware of Basel 3 in the context of increasing Banks holdings of capital [Tier 1 assets] and leverage limits but not looked into the impact upon pm trading, until now.

Wonder how much these B3 regulations have further encouraged the Chinese and Russian Gov'ts in their build up of physical gold reserves.
B3 was basically defined and agreed in 2010.
Not sure if the pm regs. were included back then but if so, then over a decade for them to take advantage of any implied opportunities; so much ties in with the US$ and reserve currency status i guess.

Given the Chinese dominate the physical gold market, seems to me they have much to gain from what is likely to result from the demise of London trading and a sort of run on the Bullion banks.
Will they become POG manipulators?

[mattjos] 25/5/2021 21:54

anything possible DP but, I've had the 2500-2600 area as my EW target for Gold since 2012 & see nothing as yet to change my mind it will get to at least there.
5th Wave extensions are of course quite possible & most often occur in Commodities so, 2500-2600 is a minimum target for me & i remain open-minded as to the possibility of running on a lot higher.
With at least another 600 points to come in Gold & what may well prove transformational news brewing in the pipeline from AAZ, i believe the company will continue to enjoy stunning profits and cashflow such that they will be very well set to organically achieve that mid-tier status & since that seems most likely to be wholly in Azerbaijan, that gives them a big cushion when comparing their AISC to market prices for Gold.
Then we should certainly not forget the Copper element of their production, which is certainly going to grow when the expansion opportunities are Porphyry deposits.

At some point we are going to become even more polymetallic with Zinc and then inevitably Molybdenum and likely Lead too.

[donald pond] 25/5/2021 21:35

Good posts Matt, especially interesting about price rises and silver shortages. With chip shortages as well we are starting to see bottlenecks all over the place. The magnitude of the move in gold could be big: after the retrace from 1030 to 700 in 2008 it ran to 1920 without much of a pause. If the same happens now, 4000 will be on the cards.