Anglo Asian Mining Share Discussion Threads

[bumpa33] 14/11/2022 08:27

PANR still a shade shy of £600m mkt cap, which for an explorer with an increasingly dubious looking play, a shedload of CB’s to appease and now two very big name shorts on the story, is going to make for some entertainment the coming months/year…

Edit: question now for JC, stick or twist?

[bumpa33] 14/11/2022 08:12

What did I tell you re: PANR?

Both Fraser Perring and Carson Block are short. I’d be worrying more that Fraser is on it.

[katsy] 14/11/2022 08:05

Jeremy Hunt says 'Everyone will have to pay more tax...'

Just a reminder of what you are paying for:

£37 billion 'Track & Trace' digital ID;
£4.3 billion written off on Covid fraud;
£3.8 billion to Ukraine (more promised);
£11.6 billion pledged to 'Climate emergency';
£2.5 billion on hotels for migrants (brought here by UK Government for Serco friends).

A land fit for heroes? Don't make me LAUGH!

[riggerbeautz] 14/11/2022 07:57

If Mark Child is still running the show, I’d say not much.

LLB remember that interview, it was a great one MJ put up, one of the best.

[bumpa33] 14/11/2022 07:49

The end for JOUL

GROC continues great grades, not sure it can break free though with ALBA holding the majority of it.

CNR - what on earth have they been doing the last 15 years?

[wanobi] 14/11/2022 07:36

Good morning all, Cheers Wan :-)

[2sporrans] 13/11/2022 17:31

LLB

"about that inventory"

POG still needs to rise at least another $50 to touch what this dore could readily have been sold for in June.
Maybe it will and some; not least if the recent $ weakness continues.
I'm certain that Lef will chastise me for my lack of faith, come the happy times.

As you've touched upon crypto, fwliw, i doubt that even a collapse will knock on to other asset prices.
The whole C market is only about $1-tn now [v ~$3tn at peak]; tiny in comparison with bonds or equities.
Anyway, the fiat into the accounts of the sellers has to be re-invested somewhere else or spent on goods, services or debt pay down.
It may even benefit gold a tad as a mooted competitor [bitcoin most specifically] will have comprehensively have failed the test as "store of value".

Bankman-Fraud has seen his $16-bn wealth crumble to zero with the demise of his exchange; the Binance CEO realised FCT was beyond 'rescue' with $9-bn liabilities backed up by $1-bn assets.
Plus $10-bn of customer funds were transferred [opaquely] to B-Fraud's sister trading Co; thereafter twixt $1 to 2 bn have gone missing.
BF has been masquerading as some sort of 'White knight', stepping in to rescue other distressed crypto players.
He's looking a tad tarnished now.
This matters because there has been plenty of fraud and hacking of exchanges, even before this debacle.
Cypto devotees will say that the mainstream tokens remain as viable as ever.......
Whatever, it hardly inspires confidence if those who own/run the retail exchanges and other trading exchanges cannot be trusted.
Confidence is the lifeblood of demand for any currency/security.

Over the past few years, i've pondered to what extent one should think of crypto more as an extension of fiat [liquidity], rather than as a substitute.
With a higher rates plateau and QT, hence the end of 'free money' and uber abundant liquidity, the demise of zero collateral assets like crypto, non fungible tokens [like bored chimps...] or "meme stocks" [well, very low collateral for those] seems highly probable to me.

Yes, CB digital currencies will take the baton onwards; useful learning curve as you say.

[captain james t kirk] 13/11/2022 16:51

I wonder if Lord John Lee put into play his 20% rule with Treatt ?

[saint in exile] 13/11/2022 16:32

Great video.Could of done with seeing that 30years ago though lol(kind of)

[laurence llewelyn binliner] 13/11/2022 11:35

#MJ, enjoyed that, Conkers Corner, not a too dissimilar strategy to my own.., investing is a lifetime project, chasing dreams and promises is not the way forward, slow and steady wins the race… :o)

Can you remind me who the private equity fund manager interview was you posted some time back, I cannot recall, but the interview was in a log cabin in the Alps in the winter time, and he kept 2 tonnes of gold on the side ready to liquidate should the opportunity arise, worth another listen too…!

[westofengland] 13/11/2022 09:28

Thanks Mattjos. Superb talks with a talented interviewer.

[bumpa33] 13/11/2022 08:15

The smartest guys I’ve ever known had a habit of making the most complicated things sound simple - it’s when you got guys talking in riddles about simple things that you gotta watch out.

[bumpa33] 13/11/2022 08:10

Rb - I came across Cohodes a few years back on the MiMedx fraud, I think the CEO and COO ended up doing time iirc. And yes the other clip with Bill Cohen was really just to show there’ll always be the “you just don’t get it” crowd.

[mattjos] 12/11/2022 21:24

In case folk here have not seen this interview before:

[wanobi] 12/11/2022 20:46

many thanx Mj, will take a look at that one tomorrow :-)
Cheers Wan :-)

[wanobi] 12/11/2022 20:41

might be worth watching the whole thing Rb,,, as he also talks about,,


free stock charts from uk.advfn.com


very interesting indeed!!!!

Cheers
Wan :-)

[wanobi] 12/11/2022 20:39

wowzer, spot on Bumpa,, many thanx for posting the link to that, Cheers Wan

and that was on the 11th Oct 2021 ?

[riggerbeautz] 12/11/2022 20:37

Hey bro, mean Bumpa, enjoyed Bill Cohen, think he sums up you just don’t get it label bang on, cant possibly question some beliefs. Marc Cohodes though proved him wrong slightly, because he could see it coming. Skipped to the 34 min mark as suggested on the link, really like that guy.

[mattjos] 12/11/2022 20:20

in case anyone here has never seen this before:

CONKERS' CORNER Interview with Lord John Lee of Trafford, the first ISA Millionaire

[bumpa33] 12/11/2022 19:05

Watch this Pogue.

[pogue] 12/11/2022 17:20

Wasn't being condescending. The Twitter video you posted was very light on facts and very myopic. I had assumed you had not watched the one I posted or read elsewhere the facts.

[bumpa33] 12/11/2022 16:19

I’ve watched the video. Thanks.

It’s a story I’ve heard a fair few times over the last 30 years.

I do understand what over leverage is.

I don’t mind being taught things but I already know how to suck eggs.

[pogue] 12/11/2022 15:06

Bumpa
watch the video I posted it explains the reasons for the fall in detail the guys on your post are just talking heads with very little idea of the detail just trying to bash crypto rather than actually look at the real reasons which is simply over leverage same as any other big crash just happened to be a crypto exchange instead of energy or mortgage securities.