Anglo Asian Mining Share Discussion Threads

[lefrene] 08/6/2021 13:39

Any moment now someone will say he drinks in the same pub as Neil Woodford! :¬)

AAZ getting a positive mention by a tipster isn't a problem, even from a somewhat chequered tipster.

All it now takes is for AAZ to bring out some long awaited positive news and said tipster will likely think he's the messiah!

[pogue] 08/6/2021 13:38

An interesting article on OilPrice.com with a great reply from the Saudis.
Basically the article highlights the issue that since oil companies have gone green due to investor pressure there is going to be a shortage of oil going forward due to lack of investment. It also asks the elephant in the room question where is all the money coming from to to completely change the base source of fuel for the world in such a short time frame?
I would ask the more obvious question why when we are unable to stop global warming, even the greenies say all we are doing is accelerating it, we are building an energy supply system that is dependant on the weather when extreme weather is what is going to be happening more frequently, strong winds etc are very damaging to solar panels and turbines cant operate in those conditions. Add in why no flood defences are being planned or water and crop security looked at but electric cars are being rushed in and I am confused. I am however an engineer and investor and I can see money making opportunities but sometimes you need to look at the bigger picture I feel.

To quote the article
'...While international oil majors were somewhat more contained in their views on the IEA report—those that commented on it anyway—Saudi Arabia and Russia didn’t beat around the bush and said outright that the suggestion of no new oil and gas investments ever is “unrealistic,” “simplistic,” and taken out of a “La La Land” script.'....
But the Saudi Energy Minister, Prince Abdulaziz bin Salman, slammed the report in no uncertain terms, saying it was “a sequel of the La La Land movie. Why should I take it seriously?”....

[onedayrodders] 08/6/2021 13:09

hey wan .. is that an all time high on Discovery Silver ?

Pretty good considering not exactly fireworks yet in the Silver price

;0)

[onedayrodders] 08/6/2021 13:08

"Bitcoin can be used as legal tender by EI Salvador" .. LOL !

If that's good news wait till the bad new arrives

[laurence llewelyn binliner] 08/6/2021 12:59

Winnefroth has form for getting it wrong..., was it his nifty fifty or the t1ps goldie tracker, some years back now which demonstrated as much, but I understand he backs his own decisions and is still here so can't be wrong every time.. :o)..POG back over 1900 again...

[gold finger 1] 08/6/2021 12:13

One of his people was very bullish on another gold share many years ago.
Well he was wrong and down it went. Even today that company is not in good shape.
So he and his team get it wrong both ways.
Lets be truthful he tipped AAZ many months ago, was not hard to do it back then at that price.

I very much doubt anyone that posts on here, or reads this thread, needs or wants his advice. We already know this is a winner. We don't need to pay him for his advice.

[katsy] 08/6/2021 09:46

Before the war broke out AAZ were forecasting 25koz/q4, this didn't happen because they lost staff due to the conflict. The increase output was supposedly due to higher grades underground. However Q1 disappointed in that respect. Does anybody have any thoughts on this?

[11_percent] 08/6/2021 09:41

Two great write ups there from KS and pogue.

Thanks guys.

[gutterhead] 08/6/2021 09:38

yes I think its best not to raise such subjective opinions-the added exposure is a benefit

[donald pond] 08/6/2021 09:30

Let's not talk about him because it will clutter the board. I know a lot about him. Let's leave it by saying his website does have a following and it can't do any harm

[meathed] 08/6/2021 09:26

Maybe someone is trying to squeeze us until we accept a low takeover offer. If so I wish they'd just get on with it. Right now I'd take £1.20.

[the stigologist] 08/6/2021 09:16

From 100k sub WSB telegram re Bitcoin

June 8:
$BTC broke out the triangle to the downside which indicates that bear trend continues. We received much good news in the last couple of days like Bitcoin can be used as legal tender by EI Salvador's President and Micro strategy raise $400m in debt to acquire more bitcoin. But $BTC did not react on this news which allowed bears to take control over bulls.

In the 1 day chart we can see support on Green belt around 30k. Bulls can try to accumulate this zone again and try to push price up side. Daily closing below 29k will allow bears to take control for further correction till 20k.

If $BTC finishes with a candle below $29k in the coming weeks then it will formed bearish head and shoulder on the longer time frame which can push this market into a long bear trend.

Important point is 300 daily moving average at $32030 which can give a support to market.

[donald pond] 08/6/2021 09:03

This is feeling ready to go, just one MM at 147 then none till 150

[the stigologist] 08/6/2021 08:18

BZT

Copper boom: how clean energy is driving a commodities supercycle

Demand is set to explode with the rise in renewables technology, but years of under-investment threaten to leave supply short

BZT owning a Tier 1 Copper porphyry going into a copper supercycle. Amazing opportunity and 'luck'

[wanobi] 08/6/2021 08:11

many many thanx KS, great summary (as always) that I can understand :-),,, really do appreciate you taking the time to look in detail and post your thoughts and analysis,,, much appreciated by me and many more, of that I am sure :-) Cheers Wan :-)

[king suarez] 08/6/2021 08:04

Morning Wan,

STCM figures I thought were decent, but a 'mixed bag' (excuse the pun). A few things of note, some obvious, some less so - the exchange rate moved unfavorably against the company in year.

1) Revenues (in USD) down year on year due to KZT/USD rate
2) Gross margins have been steady at 43%
3) Selling expenses and cost of sales down (due to slightly lower production)
4) Finance costs down (due to reduced debt load)
5) Income tax down quite significantly, despite profits up - income tax rate reduced (temporary Covid policy?)
6) All leading to marginal improvement in net profit
7) An accounting change (IFRS16) has the impact of moving some rental expenses for wagons from selling expenses to finance costs (lease liabilities)

Debt is up from the half-year, but down year on year. STCM have taken on around $3m in additional debt to finance the purchase of more rail wagons and to invest in more CAPEX - I was not expecting this and it has meant the dividend has not been increased as I had anticipated.

The extra rail wagons will presumably make a longer term saving by cutting lease expenses down during peak demand times. Hopefully the earmarked CAPEX will continue to help improve margins even further due to the initiatives outlined.

"further improvements are expected in 2021 when we expect production is excess of 1.75 million tonnes."

If achieved I think this would put them at a record production? Looking back the last few years seems to fluctuate between 1.57 and 1.72 million tonnes. They appear to have had some unplanned downtime on one of the lines in H2 2020, which unfortunately hit volumes slightly - they say measures have been undertaken to prevent this happening in future.

I think this is a very creditable set of consistent results, especially in a Covid year.

Cash flow was not quite as strong as I had forecast in the 2nd half of the year. This is partly due to paying 2019 income tax of $2.8m v 2020 income tax expense incurred of $1.9m - so next year will presumably be lower. Also, I hadn't factored in/understood lease liabilities, which I think are for renting wagons during the peak demand months - they paid around $2m, and have another $4m to go - down from $6.5m last year.

So, due to additional borrowings the company is not yet debt free as I had anticipated, but not a million miles away. They have $3.9m of rental lease liabilities to pay and $6.8m of borrowings as at end of Dec, with the biggest chunk $2.1m due to mature this month, which is at 12%, the rest at 6%. Finance costs will continue to come down and are pretty low.

I think it will likely be another year or so before we get to my 5p dividend.

[wanobi] 08/6/2021 07:58

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Cheers
Wan :-)

[wanobi] 08/6/2021 07:49

Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Kamchatka, Russia, is pleased to announce its audited financial results for the year ended 31 December 2020.

Financial Highlights:
-- Record-breaking revenues of $81.0 million, up 28.3% (2019: $63.1 million)
-- EBITDA of $42.7 million, up 61.7% (2019: $26.4 million)
-- Profit Before Tax of $28.0 million up 122.6% (2019: $12.6 million)
-- Total dividend pay-out for the year of $9 million (2019: $8.5 million)
Operational Highlights:
-- Record annual production of gold in dore at 45,066 oz. a 3.7% increase YoY (2019: 43,479 oz.)
-- Total cash cost per oz. gold sold of $536 (2019: $513)
-- All-in Sustaining Costs per oz. gold $863 (2019: $941)
-- Cost of sales per oz. of gold at $876 (2019: $878)

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Cheers
Wan :-)

[wanobi] 08/6/2021 07:47

many thanx for heads up AiE, well done Pp, cheers Wan :-)

[wanobi] 08/6/2021 07:46

112 thread tick-ups, many thanx all and to the latest person who gave us a tick here, cheers Wan :-)

[all in eol] 08/6/2021 07:44

Paraguay farm-out signed

Drilling projected to commence in H1 2022

President Energy (AIM: PPC), the energy company with a diverse portfolio of production and exploration assets focused primarily in South America, announces the signing of the agreement for the farm-out of its Pirity Concession, Paraguay ("Pirity").

Highlights

-- Agreement signed with a substantial Northern Hemisphere state-owned energy company ("the Farminee"), to farm in for a 50% participating interest in the Pirity Concession, Paraguay

-- In return, the Farminee will pay 60% of the costs of an exploration well currently scheduled to commence during H1 2022 and will also pay President US$4m in consideration of the Company agreeing to enter into its performance obligations under the Agreement

-- Agreement subject only to regulatory approval and prolongation of the licence for a defined period

-- The exploration well will target the Delray complex of prospects, estimated by the Company to contain in aggregate over 260 MMbo of Pmean Unrisked Resources

-- Costs of the well are estimated at between US$10-15 million with an estimated chance of success of 30%



Big smile for Pp

[wanobi] 08/6/2021 07:43

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many thanx Mj

Cheers
Wan :-)