Anglo Asian Mining Share Discussion Threads

[bumpa33] 04/3/2024 07:33

RENX, about to run out of cash and mystery possible buyer turns up.

That’s convenient.

[bumpa33] 04/3/2024 07:13

They have NO extra money - no further draw down - UNTIL they come up with 25m of the bond finance.

[bumpa33] 04/3/2024 07:13

Read the detail.

[bazboa] 04/3/2024 07:11

PXC seem to have got some money for the next few years...imagine the share price will rise off the back of that

[pogue] 03/3/2024 20:44

Bumpa
re AVCT yes its a positive article but it got me looking again at AVCT. I am reading around the story just now thinking there is a trade there. This maybe near a bottom and it will rise as optimism returns.

[pogue] 03/3/2024 20:36

That's the thing digger holding gold is a position its not a would/could thing. If you are holding physical gold why are you doing it and what do you hope to achieve? The outlook most goldbugs I have spoke to are preparing for is the collapse of the $/(and other western currencies) which is a viable thought. However how does gold help you when governments will try and stop anyone escaping the collapse and want to do everything possible to support their currency which includes banning gold which as I pointed out is something that has happened previously.
I put all my arguments as may or possible but logically this is where we are going. Trying to see if there is another view point. As I said its a debate, I am trying to be open to ideas from those that hold gold but cannot see the point.

[chestnuts] 03/3/2024 20:29

Matt

I think you will find the printing will become quicker as the USD devalues ie the USD as devalued already by 20% in the last 3 yrs so your 100 days will be soon 50 days.

[mattjos] 03/3/2024 20:05

Biden is not about to cut spending so safe to assume USA debt will keep increasing at that rate of $1Trn every 100 days between now and 5th November.
Trump is not the sort of person to reign in Fiscal expenditure either so, arguably, USA debt pile will simply keep growing at that rate for the next 4 year and 8 months .. circa $16Trn more debt.
That'll be $50Trn by Nov 2028 - getting on for 2 x annual GDP.
For as long as there are buyers (the FED included) they'll simply keep on issuing more and more.
The more 'dangerous' & less appealing USA Foreign Policy can make the rest of the world appear, the greater the number of buyers there will be for 'safe' USA debt.

[sideshowbull] 03/3/2024 19:58

That may be a BTC bull flag IMO did post to THE CULT

No advice

BWTFDIK

SSB

[1knocker] 03/3/2024 19:57

I see gold as insurance rather than an investment. If you are worried about 'compulsory purchase', buy Krugers or other (non-US) coins.

[bumpa33] 03/3/2024 19:50

Pogue - interesting article on AVCT, the problem with these type of synopses is that they take the “story” on face value alone. That’s not usually a good idea…

Mentions NSCI, also an interesting proposition with their stake in PDS.

[digger18] 03/3/2024 17:35

I was referring to the value of buying/ holding gold! Ie what would/could, may/May not governments do based on scenarios that you suggested. So I am saying, it’s out of our control and you make your own choices, but either way, not worth worrying about.

[pogue] 03/3/2024 16:40

Its called a debate Digger and its about commodities not seeing why I should be sad or suicidal as you seem to indicate for some reason. Thanks for your concern.
Take care.

[digger18] 03/3/2024 13:21

Ifs, buts, would’ve, could’ve, should’ve and maybes. Sounds like investing in the stock market and life in general!
Don’t take it too seriously or you could end up doing something sad!
Enjoy your Sunday!!

[wanobi] 03/3/2024 08:03

hmm, yes, maybe, never say never,,, who knows!! :-) LOL :-) what a world we live in!!

[wanobi] 03/3/2024 07:56

Good morning all, Cheers Wan :-)

[mattjos] 03/3/2024 00:46

That is not going to happen again .. just about every US citizen now has an automatic weapon of some sort or anther.
Can you really imagine Texans giving up their Gold?

[pogue] 03/3/2024 00:06

Wan
gold has proven not to be safe in the past
'In 1933, Executive Order 6102 had made it a criminal offense for U.S. citizens to own or trade gold anywhere in the world, with exceptions for some jewelry and collector's coins. These prohibitions were relaxed starting in 1964 – gold certificates were again allowed for private investors on April 24, 1964, although the obligation to pay the certificate holder on demand in gold specie would not be honored. By 1975, Americans could again freely own and trade gold.'

[wanobi] 02/3/2024 19:12

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[wanobi] 02/3/2024 19:10

"you can't have a currency operating out there with a sovereign currency and hold its value indefinitely"

"bitcoin is riskier than gold in the sense that there is a non zero chance that the investment gets heavily disrupted in some way, whereas with gold you know that by the end of the decade you're still going to have it"

:-)

[digger18] 02/3/2024 16:33

AIMC are certainly trying hard to promote a greener policy, sympathetic to the community.
Posted yesterday:
Our company pays great attention to environmental protection, development of civilization and geological discoveries. For this reason, AIMC became one of the sponsors at the International Geology-Mining Forum held for the first time in our country. Along with fulfilling our environmental commitments, we continue to take sustainable steps for the future.

Our company prioritizes environmental protection, mining advancement, and geological exploration. That's why AIMC proudly sponsors the inaugural International Geology-Mining Forum in our country. Beyond meeting our environmental responsibilities, we persist in taking sustainable strides toward the future.


#AIMC #gold #mining #GoldenGadabay