Anglo Asian Mining Share Discussion Threads

[mattjos] 24/2/2024 20:44

be careful what you pray for michael.
Given the quantum of paper contracts that are constantly being used to keep the price of Gold down, if Gold moves from $2,000 - $2,500+ this year that would likely indicate something(s) most unwelcome emerges in the global financial system.

Gold was $1,990 at the time the FED first raised rates from 0.25% --> 0.5% on 16/3/22

Gold is now $2,036 and rates are at 5.5%

So Rates have risen by 5.25% (by 2,200%) over just two years and yet Gold is currently now priced higher than it was at the start of this rate rising cycle.

Could it be that rates actual rise dramatically over the next 12 months and Gold rises too or, will rates have to fall quickly in response to some sort of economic crisis & Gold rises in response to the crisis as the US$ falls?

I believe stats from all prior economic cycles show Unemployment (the most lagging of all economic indicators) starts to rise circa 19 months after the start of the rate rising cycle. We're now 23 months after the start of the rate rising cycle.
Stats also show that Recessions do not 'start' in the year immediately prior to the USA election year .. they are far more likely to start either in the election year itself or the year immediately thereafter.

So, stats would suggest that IF there is to be a USA (& global) recession with rising unemployment then it is most likely to develop in the next 12 months.
China seems to already be in a recession, as does the UK & EU yet somehow the 'data' from the USA indicates quite the opposite.

It's a completely weird dynamic & so much of the data that is currently put out seems very questionable.

Maybe it's a case that the USA data will magically engineer a miraculous soft-landing & steady recovery IF Biden is re-elected or a jarring recession if Trump is re-elected?

[michaelfenton] 24/2/2024 19:34

I pray you are right Mattjos - Gold should be due a decent run sometime this year?

[mattjos] 24/2/2024 19:11

Gold has now closed above $2,000 for 14 consecutive weeks ... any intra-week dip below that level has been met with strong buying to push it back up above.

Before this, only 5 prior weekly closes above $2,000 in the August 2020 - May 2023 period.

With luck, AAZ will be back in full production this year to catch a good sustained run towards $2,500 during H2

[avsome1968] 24/2/2024 01:22

Took another chunk in HUM today, nice 500k buy end of day not mine LOL///

hxxps://masterinvestor.co.uk/commodities/february-mining-update/?mc_cid=18c2ce247a

Have a fab weekend guys.

[wanobi] 23/2/2024 19:58

it's been a busy day for me in regard to non-share matters,,, hence, I've been away from my screens for most of the day,,, also, left my mobile behind, doh!!!! LOL :-)

anyhow,, as always,, a big thanx from me to you all for your continued support of the thread,,, tis much appreciated :-) :-)

I wish you all a fine & peaceful weekend :-)

Cheers
Wan :-) :-)

[wanobi] 23/2/2024 19:52

free stock charts from uk.advfn.com



free stock charts from uk.advfn.com


does look so Mj :-)

nice one :-)

Cheers
Wan :-)

[wanobi] 23/2/2024 19:47

tbh, I'm not really up to speed enough with AVCT to say Bumpa :-)

Cheers
Wan :-)

[wanobi] 23/2/2024 19:45

nice one Mi, very well played :-) Cheers Wan :-)

[wanobi] 23/2/2024 19:43

fingers crossed jeanesy :-) :-)

[wanobi] 23/2/2024 19:41

fair point kkking :-) :-) :-)

[cybernest53] 23/2/2024 18:06

Bozzy... Was it the wife who dobbed him in? 🙄 😂🤣

Edit: I hadn't read the BBC report before I commented. She actually did squeal on him too! 😂😂🤣

"According to the filing, he said he bought the stock because "he wanted to make enough money so that she did not have to work long hours anymore".

His wife - who was "stunned by this revelation" - reported the trading to her supervisor at BP.

Her email and texts were reviewed by BP and it found no evidence that she knowingly leaked the information about the deal to her husband or knew he had bought the shares.

But "BP nonetheless terminated her employment," said the filing.

According to the regulator's complaint, Mr Loudon's wife moved out of the house and ceased all contact with him. In June, she initiated divorce proceedings."

So looks like hubbie achieved his objective... "that she did not have to work long hours anymore" !! 😂😂🤣

[jeanesy] 23/2/2024 16:52

A 69k sell sent the price down today( there was a ut yesterday) I can understand why as we are all getting fed up waiting for the government to say yeh or neh. There is nothing the company can do but investors have a choice and some are still selling.
I am like you WAN my portfolio is heavily invested in AAZ . It is just a case of waiting for me, we know how things work here now , there is no hurrying the government !.
If they go any lower i might trade a few unless we get a barrage of large sells which tells us the news is out and not good. Have a good weekend all :)

[bozzy_s] 23/2/2024 16:50

An interesting news story here from BBC. A man accused of insider trading in America, having listened to his wife's work conversations (she being a merger / acquisitions manager at BP).



At least the Americans take insider dealing seriously. I doubt it would be prosecuted over here.

[lloydypool] 23/2/2024 15:46

Hopefully no one holding Saietta on here, always seem to be announcing great contract news but never have any cash … look like they are either being bought on the cheap or going into administration (wouldn’t be surprised if insiders phoenix the company from the administration process if that happens). Really warns us all that in this market just how risky AIM shares are.

[mattjos] 23/2/2024 13:41

MTL looks like it may finally be clearing this recent 3p ceiling, with decent volume

[katsy] 23/2/2024 12:13

Yes looks like I was wrong about CPH2, made some money on it riding it up to 30p last year. I would trade it but I'm not too sure about long term investment. But in hindsight, given that the share price was on the floor and recent director buys it could've been worth a punt.

[all in eol] 23/2/2024 11:36

CPH2 😮

[someuwin] 23/2/2024 11:13

Interesting from share price Angel morning note:

"Elliott Management to invest >1bn in mining

• Elliott, the giant US activist fund that enjoys making governments pay up on their debt, has announced it plans to invest >$1bn in mining assets (FT)

• The group, which is perhaps best known for holding Argentina’s feet to the fire, is looking for under-financed mines to invest in.

• The strategy reminds us of the development of Xstrata which hoovered up undercapitalised and under-valued mid-tier assets with the backing of Glencore.

• The new venture called Hyperion, will be led by Sandeep Biswas who was formerly CEO of Newcrest Mining.

• Hyperion can buy into most of the sector including EV metals, base metals and precious metals.

• The investment strategy ranges from taking stakes in existing companies to acquiring single mines and full corporate takeovers.

• The group might also co-invest on larger transactions.

• We see this move and other new interest as marking the bottom of the current downturn in the mining sector."

[master investor] 23/2/2024 10:36

Yes I agree. That's my strategy at the moment. In and out for 10-20%. There isn't much follow through in this market. Won't go broke taking a profit.

[bumpa33] 23/2/2024 09:53

Well played MI, I have a feeling the bounce may be short lived so smart to take the in/out and move on…

[master investor] 23/2/2024 09:51

I have just cashed out AVCT for just over a thousand pound profit. Thanks for the heads up Bumpa.

[bumpa33] 23/2/2024 09:43

Wan - i notice they no longer list either Zeus or Finncap as joint brokers, just Stifel and Peel Hunt on the books. I started to lose confidence when Zeus got involved so maybe a plus neither they nor Finncap still around. Still, I assume they’re gonna come back to the table for more cash sooner or later?

[all in eol] 23/2/2024 09:23

I didn’t buy in to CPH2 due the sell off on the news and the time they are taking to sort issues out. I look in this morning and it seems the market likes them suddenly?
Doh!

[wanobi] 23/2/2024 09:15

AVCT became a problem for me the more I listened to Alastair and some of the moves he made a while back,, he may be a great Scientist and I hope the technology works big time, mankind needs it.... but, to me, sorry Alistair for saying this,,, you are not a CEO,,, please get an experienced CEO on board and you'll be a lot wealthier in the long run :-) :-).... but what do I know LOL,, feel free to tell me where to shove it!!!! :-)

Cheers
Wan :-)

[wanobi] 23/2/2024 09:07

or the wrong direction cmb!!!! hope not!! Cheers Wan :-)