Anglo Asian Mining Share Discussion Threads

[lefrene] 17/6/2022 08:21

Meanwhile it's no joking matter that the ratification has yet to appear. We're staring down the barrel of the biggest economic crash of all time, and yet something which would contribute to the health of the Azerbaijan economy, creating jobs and tax revenues is being withheld.

[donald pond] 17/6/2022 08:20

I don't think you can blame the MMs. The problem is that there are more sellers than buyers. MMs aren't holding shares thinking they are cheap, they just will only quote at a price where they are confident they can sell. And with no buyers around the MMs don't want to buy much of anything

[wanobi] 17/6/2022 08:15

MAC, Cheers Wan :-)



Newcastle and Durham businesses to benefit from share of £43.7m Government funding..

Two County Durham businesses and a company in Newcastle are to benefit from a share of £43.7m joint industry and Government funding. The boost supports the development of the latest green auto tech, including electric motorbikes and off-road vehicles.

Northern Lithium, in Durham, will be provided funding to prove the case for a £120 million investment to establish large-scale, sustainable lithium extraction from brines, and the process and supply of this, in the region. Lithium is required to produce rechargeable batteries used in products like mobile phones.

Another Durham business, Weardale Lithium, will receive funding to develop an investment-ready business case for the extraction of lithium from geothermal brines in County Durham.

Meanwhile, INEX Microtechnologies in Newcastle will receive funding to develop business plans, to supply the UK automotive industry with Compound Semiconductor devices, used in vehicle electronics.

Two projects have been awarded funding through the Advanced Propulsion Centre (APC) Collaborative Research and Development competition, which supports the development of innovative low-carbon automotive technology and will help propel the UK in the global race to secure electric vehicle supply chains.

The projects, in the West Midlands and Warwickshire, are set to secure more than 550 jobs and save 27.6 million tonnes of CO2 - the equivalent of removing the lifetime emissions of 1.1 million cars from the road.

Minister for Investment Lord Grimstone said: "This funding, delivered through the Government-backed Advanced Propulsion Centre, will support UK businesses at the cutting edge of the automotive industry to trial the very latest tech, from the development of electric motorbikes to off-road trucks.

"Supporting these strategically important technologies lays the path for our electric vehicle sector to compete on a global scale, driving jobs and growth nationwide whilst also creating cleaner, more sustainable modes of transport."

In addition, early-stage proposals that could bolster the UK electric vehicle supply chain have also been awarded funding to research, prove or enhance the case for their scale-up, with the potential to create further jobs throughout the country.

19 feasibility studies will be backed with £9.4 million in matched Government-industry money through the Automotive Transformation Fund (ATF). Areas to be investigated include the development of EV battery components and the viability of using UK-sourced critical minerals.

[jeanesy] 17/6/2022 08:15

The problem is avsome is that there are investors in MBO that want out , but because there are no buyers they can't even get a quote to sell. I can really see it going sub 5p which will panic more investors to try and sell. The MM's have got us all over a barrel atmo. It is happening across all of my stocks. I have lost a fortune on paper this year. It is horrible out there it really is ! Not sure what is going to change sentiment . I am trying to keep rational about things but it is really hard. GLA

[avsome1968] 17/6/2022 08:09

Wan in the same boat with MBO also DDDD the latter not concerned about think once finance sorted with DDDD it will reaerate come good down the line, Not sure with MBO stuck with 200k of shares at 19p AV just have to sit on the fence until we get further news, been a horrible week on the market.

[wanobi] 17/6/2022 07:58

you're most welcome Pb, seems to have bottomed and be moving up now! :-) Cheers Wan :-)

[plasybryn] 17/6/2022 07:49

Thanks for the chart wanobi.

[laurence llewelyn binliner] 17/6/2022 07:31

FTSE futures dipped under 7,000 last night, that came around a bit too quick for comfort and does sound the recession drum..

Some very interesting comment around rates/inflation/growth/FX as we look to minimise portfolio impact and try to outpace the theft of 10% of any incomes through the inflation our illustrious leaders have created for us..

#1knocker, on FX the weaker GBP is hurting us every which way now (except exports), and US priced LNG purchases are only going up as Russian sources are reduced..

I have fashioned a tin foil hat for maximum protection, whilst simultaneously stocking up on Jammy Dodgers, and Wotsits to ensure that full dietary requirements are met..

[wanobi] 17/6/2022 07:22

Morning all, Cheers Wan :-)

[yasx] 17/6/2022 02:09

Sprott Uranium Trust and Uranium ETF charts, as well as the charts of most major uranium plays overseas that are at the long term support trendlines - reckon next leg higher for these now. Have been loading up yet more YCA (which is essentially spot uranium without explo risk), which I have been a buyer of all the way from 180p and hold far too many now but consider this cheap given the significant discount to nav and outlook for uranium in the medium/long term. if this and other uranium linked plays go lower will buy more still. There are plenty of good Uranium plays listed overseas that one can buy..

[katsy] 16/6/2022 22:46

Are lower interest rates really associated with higher growth? New empirical evidence on the interest rate thesis from 19 countries

A recent study by Professor Richard Werner concludes that economists have got it wrong for the past 200 years (study link below)



The conclusion is after a study of 200 years from 19 countries is that it's not the price of money (i.e. interest rates) that effect the economy but instead the quantity of money.

[podgyted] 16/6/2022 22:32

Whatever the macro situation we are still mushrooms here. I'm sure you're aware of the phrase.

Plus I feel many are missing the point. When there is uncertainty, the market turns to reliable profit/dividend generators. AAZ gives a good dividend - but profit??? If it doesn't give profit then the dividend is questionable.

The next few months will be interesting. Perhaps another fall in production in Q2, perhaps ratification sent out to 2023............ Perhaps totally the reverse!

I wonder.

[riggerbeautz] 16/6/2022 21:47

Lol my mommy always told me a stock market crash is worse than a divorce, you can lose your money with both, but divorce ditches the wifey. Wise words Mom.

Anyway back in reality, been saying for ages, these boards are full of traders, with get rich dreams, not enough around here have seen hard crashes and this is starting to educate a few out by the look of it. Trade short or at least think of hedges, folks need to wake up to the current state being about capital preservation, not capital gains.

[wanobi] 16/6/2022 20:21

many thanx Bumpa,,, all the same, wished I'd taken your gut instincts and acted upon them :-),,,, all part of the game and learning process :-) Cheers Wan :-)

[wanobi] 16/6/2022 20:20

free stock charts from uk.advfn.com


free stock charts from uk.advfn.com


wowzer!!!

Cheers
Wan

[bumpa33] 16/6/2022 19:40

Don’t have any reason to think it’s a ‘bad’ company wan, just didn’t think it deserved any premium ‘tech’ style rating on what was some nonsense spoken at the time. Persistent seller previously, right now it’s getting crushed on low vol, like every thing else.

[2sporrans] 16/6/2022 17:52

LLB

I just see it that UK is already into recession and going deeper so.

As for inflation, like Katsy just observed, the great majority here is imported.
Rates are blunt tools; they are also pretty impotent when inflation isn't just supply driven but prices are set by global markets.
As for defending the £, here's a thought:
How much of what is imported is an input into what UK exports?
For goods, a good %; for services, notably financial, little.
A dearer £ is effectively a general cost upon exports to boot.
Mitigating inflation marginally, to exacerbate the chronic UK trade deficit?

Push that too far and the UK will have to jack up Gilt yields in order to balance the overall
Balance of Payments [selling gilts gets in the £££ that are in deficit wrt traded goods/services]; our borrowing costs for foreign lending/investment to us could mushroom and the running cost for the domestic Gov't debt pile ditto.


Perhaps, the 'cure' for this global inflation may be essentially one of reduced physical consumption, world wide, and a moderation of inflation accordingly as physical demand and supply reset to be pretty much balanced.
But a fair few of the consumer price hits will prove very 'sticky'; never come down again.


1K
Good post. 52874
Can't but agree about inflation being effective an asset tax.

The UK gov't does seem to have a penchant for funding huge White Elephants; not an efficient allocator of scarce capital.

As for redistribution, there's a wide range of opinions on the merits of it or otherwise.
Side-stepping emotive issues to do with 'fairness' and such, economists tend to observe that the propensity of those citizens of lesser means to spend, rather than save, makes a case for Gov'ts to shift money to them, at expense of those citizens of higher means, in times of recession. Boost overall consumption when investment is at low ebb and savings thus 'in surplus'.

One can argue the merits or nay for such a measure all day.
I'm just thinking that, given recession is where we are at [or heading], the odds of it being trolleyed out are shortening; moreso if an early general election comes to pass.

[wanobi] 16/6/2022 17:41

In my humble opinion, they can't Bumpa,,, nothing but a recession now will calm inflation and that may take sometime to bite hard!!! is what it is,,, YIKES

Cheers Wan :-)

PS... only wished I'd listened & acted upon your opinions in regard to MBO,,, share price has done nothing but go down since you warned us Bumpa !!!

[1knocker] 16/6/2022 17:34

Have you thought about how much of the energy price rises is due to the fall in the exchange rate against the dollar, or how much of the inflation in food prices which is coming down the pike is a function of the exchange rate, LLB? Interest rates 8% negative contribute to the weakness of Sterling.

Your best investment at present is probably bog rolls and imperishable food stuffs. If you buy a years supply of bog rolls, instant coffee, jam, etc you will do nicely on that outlay.

[laurence llewelyn binliner] 16/6/2022 16:53

#1knocker, again you make some very interesting points, with which on the whole I agree, history does usually repeat itself, a full -10% deduction on net assets in 1 year is a 3 pace running kick to the Jacobs (another technical expression), trying to make gains of +10% to stand still or better it is a big ask for 2022 so what is the best protection for a year or 2, how soon will gold take notice and hedge against inflation ..?

#Katsy, how can raising rates stop inflation with essential energy essential contributing the largest component..?

For 1 rate rises will take some/all the heat out of the rising property market by squeezing disposable incomes, anything outside of essential living will be out of reach for most families soon, another 1% by Xmas will take care of that, but we are all a hostage to energy costs for a while yet, outside of essential living items the the cure for high prices could be high prices, no one can afford to buy anything and a correction has to happen to trigger sales..? neat theory, but in practice I am not so sure that will be the result, more likely to trigger more QE and the race to the bottom for FIAT continues..!

Getting Europe addicted to Russian gas, then turning it down/off was a shrewd leverage strategic move, but risks getting ugly before winter..